Tag Archives: fourth-quarter
Soros, Falcone Defend Hedge Funds at House Hearing
Bloomberg – Hedge-fund managers including George Soros and Philip Falcone, in an unprecedented appearance before Congress, defended their practices and profits while splitting over whether the U.S. should impose stricter regulations. "This is not a case where management takes huge […]
Hedge fund assets fell $151b
Straits Times – Hedge fund assets fell by US$100 billion (S$151 billion) in October as investors withdrew their money and funds were forced to sell stock, exacerbating the severe volatility that pounded global markets during the month. About US$60 billion […]
Hedge Funds Lost $100 Billion on Investor Withdrawals
Bloomberg – The global hedge fund industry lost $100 billion of assets in October, according to an estimate from Eurekahedge Pte, as firms including Sparx Group Co. and Man Group Plc were hammered by investor redemptions. Funds fell an average […]
Research and Markets Offer Asia-Pacific Capital Markets Handbook
West Palm Beach (HedgeCo.net) – Research and Markets announced the addition of a new report, "Asia-Pacific Capital Markets Handbook 2009". With increased investment and stability in the region, the Asia-Pacific capital markets have experienced rapid growth over the past few […]
Scholes Among Losers as Hedge Funds Slump in October
Bloomberg – Hedge funds run by Jeffrey Gendell and John Burbank III posted their worst monthly losses in October. Peter Thiel gave back gains made earlier in the year. Nobel-prize winner Myron Scholes froze his biggest fund. The managers, like […]
Man Group a consolidator in hedge industry
Reuters – Man Group plans to be a consolidator in the hedge fund industry in the long-term, said Chief Executive Peter Clarke, who thinks the industry could see redemptions of between a third and a quarter at the year-end. "Consolidation […]
Blue Mountain Hedge Fund Latest to Freeze Redemptions
New York (HedgeCo.Net) – Following in the footsteps of other large hedge funds trying to weather the credit crunch, Blue Mountain Capital Management has suspended withdraws on its $3.1 billion fund. The Blue Mountain Credit Alternatives Fund lost a little […]
Money-Laundering Risk Of Hedge Funds Gauged
Washington Post – Seven years ago the Patriot Act required every financial institution to establish a program to combat money-laundering. But the roughly $2 trillion hedge-fund industry today remains free of any such government restrictions, and this week the Treasury […]
BOE’s Gieve Says Markets Still `Under Acute Strain’
Bloomberg – Bank of England Deputy Governor John Gieve said investors are still facing “acute” stress as market declines force hedge funds to sell assets. “The financial system remains under acute strain,” Gieve said in a speech in London today. […]
Hong Kong Says Hedge Funds Provided Inaccurate Data
Bloomberg – Some hedge fund managers provided inaccurate information to investors in newsletters and monthly fact sheets, Hong Kong’s Securities and Futures Commission said. In one instance, the hedge fund manager excluded the fund’s largest stock holding from its top […]
