Tag Archives: investor


Soros Imitators Reap Riches On Macro Funds

February 9, 2009 : Permalink

The Bulletin – Hedge fund managers on average lost 18.7 percent of their clients’ money in 2008, for the worst performance since at least 1990, according to Hedge Fund Research Inc. Combine the losses with investor redemptions, and total hedge […]

Utah Plays Hardball With Hedge Funds

February 6, 2009 : Permalink

Money Management Letter – The Utah Retirement Systems has proposed that hedge funds’ management fees cover operating expenses only, that performance fees be paid either at the end of a lockup period or placed on a deferred schedule, and that […]

Soros imitators reap riches in financial crisis

February 5, 2009 : Permalink

The Age – Hedge fund managers on average lost 18.7% of their clients’ money in 2008, for the worst performance since at least 1990, according to Hedge Fund Research Inc. Combine the losses with investor redemptions, and total hedge fund […]

Eastbourne Proposes Amylin Directors, Backs Icahn

February 3, 2009 : Permalink

Bloomberg – Hedge fund Eastbourne Capital Management LLC nominated five directors to the board of Amylin Pharmaceuticals Inc. and is supporting a slate put forward by investor Carl Icahn, after it “lost confidence” in leadership of the maker of the […]

Hedge fund Steel Partners seeks to dismiss Icahn suit

January 29, 2009 : Permalink

Reuters – Steel Partners this week asked a Delaware court to dismiss a lawsuit filed against the hedge fund firm by billionaire investor Carl Icahn, saying he is "looking for a scapegoat" for investment losses that happened as the financial […]

Gaps in oversight let Nadel avoid scrutiny

January 26, 2009 : Permalink

Sarasota Herald-Tribune – The U.S. Securities and Exchange Commission has hundreds of pages of complicated rules governing investment advisers. But the agency — under fire for failing to stop New York hedge fund manager Bernard Madoff and his alleged $50 […]

Hedge Fund Seeks Continental AG Chairman’s Ouster, FTD Reports

January 20, 2009 : Permalink

Bloomberg – A hedge fund led by Frank Scheunert wants to oust Continental AG Chairman Hubertus von Gruenberg, Financial Times Deutschland reported, citing the investor. Scheunert, who controls about 5 percent of the tiremaker’s stock, said Continental’s board is “destroying […]

Steel Partners Seeks to Convert Biggest Fund to Public Company

January 12, 2009 : Permalink

Bloomberg – Activist investor Warren Lichtenstein is seeking to convert his largest hedge fund into a publicly traded partnership after clients sought to withdraw 38 percent of their money. The $1.2 billion Steel Partners II Fund lost 39 percent last […]

Madoff May Cost Insurers $1 Billion to Cover Funds

January 9, 2009 : Permalink

Bloomberg – Bernard Madoff’s alleged Ponzi scheme may cost insurers who cover financial institutions more than $1 billion as they pay legal costs for investment managers who gave client money to Madoff, an industry executive said. Insurers who sell such […]

Tate & Lyle hurt by rumours of hedge fund share sale

January 6, 2009 : Permalink

Financial Times – The London market’s new year bounce continued into a fifth session, but Tate & Lyle missed the trend. Tate lost 8.5 per cent to 386¼p amid speculation that Harbinger, its second-biggest shareholder, might have to sell to […]

Ackman’s Hedge Fund for Target Stake Fell 68% in 2008

January 6, 2009 : Permalink

Bloomberg – William Ackman’s hedge fund that invests in Target Corp. fell 68 percent last year, more than double the loss by the second-largest U.S. discount chain. Pershing Square IV declined 7.7 percent in December alone, according to a letter […]

UK hedge fund GAM tightens redemption controls

December 26, 2008 : Permalink

Reuters – British fund manager GAM on Wednesday said it had moved to restrict investor redemptions to once a quarter rather than once a month in its funds of hedge funds amid turmoil in the industry. A spokeswoman for GAM, […]