Tag Archives: investors
Battered hedgies see cause for hope at Monaco summit
Reuters – Hedge funds meeting for their annual get-together in Monaco next week are hoping recovering profits will help placate clients, after the industry was heavily culled and suffered its worst year on record. An exodus of investors followed a […]
Peltz, Kurland Seek Stock Sales to Buy Mortgages
Bloomberg – Billionaire Nelson Peltz and former Countrywide Financial Corp. President Stanford Kurland are among at least six investors turning to the public markets to finance purchases of distressed home loans and corporate debt. The investors, most of whom previously […]
Canyon, Citadel Ride Convertibles Resurgence to Recoup Losses
Bloomberg – Convertible bonds that punished hedge funds in 2008 are driving returns at Canyon Partners and Citadel Investment Group LLC and helping companies from JetBlue Airways Corp. to Alliance Data Systems Corp. raise capital. Canyon, the $14.4 billion investment […]
Flood of ETFs promising hedge fund-style returns
Reuters – Money managers are flooding the market with exchange-traded funds (ETF) and mutual funds designed to give even the smallest of investors access to hedge fund returns without all the usual restrictions or hefty fees. IndexIQ Advisors, a start-up […]
New Yorker Glen Whitney quits hedge fund job to create math museum
New York Daily News – An enthusiastic math whiz plus hands-on exhibits multiplied by deep-pocketed investors equals a math museum. This formula may one day lead to every school kid’s nightmare – a museum dedicated to nothing but mathematics – thanks […]
May Was Good to Hedge Funds – But How’s The Future
CNBC – Hedge funds posted their best monthly performance in a decade in May, taking advantage of rallying stock markets and distressed opportunities across the board, according to the latest numbers from the Absolute Return Composite of hedge fund indices.The […]
US fund manager agrees extradition from HK
Forbes – A Silicon Valley hedge fund manager accused of bilking investors out of at least $5 million has agreed to be extradited from Hong Kong to the United States, a government lawyer said Friday. Fund manager Albert Hu, an […]
Barclays sees $50 billion hedge fund inflows this year
Reuters – Improving markets and a need to recoup 2008 losses will prompt investors to pour $50 billion (30 billion pounds) into hedge funds this year and slow redemptions, Barclays Capital said in a report on Tuesday. More than 300 […]
Pallotta to shut down Raptor fund, reopen it later
Reuters – Hedge fund manager James Pallotta, who long delivered some of the industry’s best returns, told clients on Tuesday that he will shut down his $800 million Raptor Global fund in July. Pallotta, 51, told investors that he had […]
