Tag Archives: first-avenue
Hedge Funds Shrink by $64 Billion, Eurekahedge Says
Bloomberg – The global hedge-fund industry lost $64 billion of assets in November, with an index tracking its performance declining for a sixth month as economies in Asia and Europe joined the U.S. in recession, Eurekahedge Pte said. “It’s very […]
Hedge Fund Sued Over Expsoure to Madoff Funds
New York (HedgeCo.Net) – Gabriel Capital and founder Ezra Merkin have been sued for their exposure to Ponzi-schemer Bernard Madoff by a disdained investor. Scott Berrie, who has $500,000 tied up in one of Gabriel’s funds, claims that Gabriel lied […]
Geneva banks lost more than $4 billion to Madoff: report
Reuters – Three European banks on Sunday announced a total of about $3.8 billion in exposure to an investment fund run by Bernard Madoff, the U.S. investor accused of running a $50 billion "Ponzi" scheme. The largest banks of both […]
Hedge Funds Shrink by $64 Billion, Eurekahedge Says
Bloomberg – The global hedge-fund industry lost $64 billion of assets in November, with an index tracking its performance declining for a sixth month as economies in Asia and Europe joined the U.S. in recession, Eurekahedge Pte said. “It’s very clear that there […]
Hedge fund pushes Yahoo to sell search unit
San Francisco Chronicle – A major investor called on Yahoo Inc. to sell its search business to Microsoft Corp. on Wednesday, adding to the pressure on the Sunnyvale Web portal to restart talks with its rival. Meanwhile, Yahoo agreed to […]
Investor starting long-short fund
Seattle Times – Bill Fleckenstein, a well-known Seattle investor who bets exclusively on falling stocks, is shutting his 12-year-old fund and starting a new one that will buy equities, too. Fleckenstein said he doesn’t think the worse is over in […]
Citadel Hedge Funds Down, But Not Out
New York (HedgeCo.Net) – Chicago-based Citadel Investment Group lost 13 percent in November, according to a report published by the Wall Street Journal. This brings the hedge fund firm’s total losses to 47 percent for the year. The losses stem […]
John Paulson’s Advantage funds make more money in November
Reuters – Hedge fund manager John Paulson told investors that he made money again in November, leaving his biggest funds with double-digit gains for the year at a time many prominent rivals are nursing heavy losses. Paulson’s roughly $5 billion […]
Hedge Funds And The Early Buffett Partnership
istockAnalyst.com – Mutual funds and hedge funds are very similar. An investor puts $10,000 into a mutual fund or hedge fund, and the manager uses that $10,000—along with the rest of the fund’s capital—to buy and sell securities. Though often […]
Investors reject Centaurus restructure
FT Alphaville – Centaurus Capital is running down its flagship hedge fund after investors with the London activist failed to back an emergency restructuring. Centaurus, founded by former BNP Paribas traders Bernard Oppetit and Randy Freeman, will now repay the bulk of […]
Green Hedge Fund Directory Launched By EHFC
West Palm Beach (HedgeCo.net) – The Energy Hedge Fund Center (EHFC) announced that it has added a ‘green’ hedge fund directory to its product inventory. EHFC’s Directory of Energy Hedge Funds was launched four years ago, but with the interest […]
Satellite Halts Hedge Fund Withdrawals, Fires 30 After Losses
Bloomberg – Satellite Asset Management LP, founded by former employees of billionaire George Soros, stopped client withdrawals from its three largest hedge funds and eliminated more than 30 jobs after losses reduced the firm’s assets to about $4 billion this […]
