Tag Archives: fourth-quarter
Wealthy cut back hedge funds but no firesale
Reuters – Wealthy investors are cutting back exposure to hedge funds after disappointing returns but are not exiting the sector wholesale, and are likely to come back again once markets have calmed down. High net worth individuals have been key […]
Hedge funds down but not out
National Post – With strategy-wide net outflows of more than US$31-billion in the third quarter – the largest net capital redemption in the industry’s history – things aren’t looking too good for the hedge fund industry. Its size also fell […]
Hedge funds see huge outflow of money, $210 bn
Commodity Online – Steep performance losses and record investor capital redemptions reduced the size of the hedge fund industry by $210 billion in 3Q08. This represents the largest historical quarterly decline in assets, according to data released the other day […]
‘Armageddon’ Loan, Bond Prices Keep Debt Investors on Sidelines
Bloomberg – Credit markets have fallen so far that they are providing a "once in a lifetime opportunity," and investors are still selling. Prices of loans rated below investment grade declined to a record low 66.1 cents on the dollar, […]
Number of hedge funds could halve in ’09
Reuters – Turmoil in financial markets could halve the number of hedge funds by next year, and the survivors will likely charge less for their service, an industry executive said on Monday. Ultra-wealthy investors, who fueled a doubling in hedge-fund […]
UBP cuts hedge funds, sees industry shrinking
Reuters – Union Bancaire Privee has cut its exposure to hedge funds and industry performance has disappointed, while other assets look more attractively-priced, a top executive said. Christophe Bernard, the Swiss-based firm’s head of asset management, also told the Reuters […]
The Engine of Mayhem
Washington Post – It’s easy to explain the continuing financial chaos — and the failure of governments to control it — as the triumph of psychology. Fear reigns, and panic follows. Everyone dumps stocks because everyone believes that everyone else […]
Hedge Funds At Risk
Forbes – The hedge fund sector has to date weathered market volitality better than the banking sector, since no large bellwether hedge fund has yet gone bankrupt. Nonetheless, hedge funds are expecting a wave of redemptions, as investors move to […]
Tantallon Closes Its Smaller Companies Hedge Fund
Bloomberg – Tantallon Capital, founded by Merrill Lynch & Co. former head of sales Nicholas Harbinson, closed one of its hedge funds after bad bets on Asian stocks, three people familiar with the matter said. The Singapore-based firm shut its […]
Morgan Stanley may scale back prime-brokerage ops-NY Post
Trading Markets – Morgan Stanley is looking at scaling back its prime-brokerage operation, selling assets or buying a faltering regional bank, the New York Post said citing sources. The firm may also try to work out a way to piggyback […]
Opening The Fed Lending Window To Hedge Funds
24/7 Wall St. – The idea of bailing out hedge funds or helping them in any way runs counter to the best instincts of most citizens, regulators, and law makers. The wealthy do not need a Good Samaritan. Allowing hedge […]
