Tag Archives: 1-billion
Pengana Aims to Grow Volatility Hedge Fund Amid Market Swings
Bloomberg – Pengana Capital Ltd., a Sydney- based asset manager that oversees A$1.5 billion ($1.1 billion), aims to increase the amount of hedge fund assets that bet on market swings by six times in two years. Pengana is seeking to grow […]
Unions say they lost $1B
Albany Times Union – A group of upstate unions claims it lost nearly $1 billion in pension and other benefit funds after an investment manager placed the money with Bernard Madoff Investment Securities LLC. Now, the unions have filed a […]
Hedge Funds Get Earful From Clients About Fees, Withdrawals
Bloomberg – Two years ago, German investment adviser Dieter Kaiser had to board a plane bound for New York to speak with senior U.S. hedge-fund executives. These days, those same managers visit Kaiser, the director of investment management for Feri […]
Highbridge records $1 bln in net inflows in 2009
Reuters – Highbridge Capital Management, the hedge fund majority-owned by JPMorgan Chase & Co, received $1 billion in net inflows this year, the Financial Times reported citing people familiar with the fund. The inflows suggest that investors are tentatively returning […]
Man Group to Cut Jobs as Profit Falls, Assets Drop
Bloomberg – Man Group Plc, the largest publicly traded hedge-fund manager, said it will cut its workforce by about 15 percent after fiscal year profit dropped and assets under management declined by a third. Assets fell to $48 billion in the […]
Man Group shares jump as payout is maintained
Marketwatch – Shares in hedge fund manager Man Group jumped around 11% Thursday after the firm maintained its dividend payout and launched a new investment management business. The firm said it expects adjusted pretax profit for the year ending March […]
Madoff Trustee Locates Assets of $75 Million
Wall Street Journal – A lawyer for the court-appointed trustee liquidating Bernard Madoff’s firm confirmed they have located an additional $75 million in Madoff assets — a figure that would put the total above $1 billion. A lawyer for the […]
Bennelong SGI to Start Hedge Fund to Invest in Global Equities
Bloomberg – Bennelong Funds Management, an Australian fund manager with A$400 million ($271 million), will start a second hedge fund to ride through the financial crisis as it seeks to more than double funds under management. Melbourne-based Bennelong wants to […]
Funds Of Funds Hit Hard by Economic Downturn
CNBC – Hedge funds of funds, the middlemen that pension funds and endowments often use to create alternative portfolios, lost roughly one-third of their assets last year, according to new data released Tuesday. The industry’s largest funds of funds, managing […]
Hedge Fund Assets Plunged to $1.8 Trillion in 2008
New York (HedgeCo.Net) – Hedge fund assets, which were once estimated to reach almost $3 trillion, finished the year at around $1.8 trillion, according to research conducted by London-based HedgeFund Intelligence. The report contends the fall in assets happened almost […]
Icahn Puts Another $250 Million Into His Fund
New York Times – The billionaire financier Carl C. Icahn put another $250 million into his hedge fund at the beginning of the year after suffering further losses in the fourth quarter on investments in Motorola and Yahoo, according to […]
Ashmore sees tough 2009 for fund raising, outflows
Interactive Investor – British fund firm Ashmore Group said it expected the fund-raising environment to remain tough in 2009 as clients continue to cash in investments, after it reported first half profits in line with forecasts. The group, which specialises […]
