Tag Archives: medallion
Australian Securities and Investments Commission ban cops hedge
News.com.au – Kim Ivey, chairman of the Australian arm of the Alternative Investment Management Association said Australian banks no longer needed further government protection. He said the ban was damaging market liquidity and denying investors the ability to protect their […]
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 […]
Andrew Lahde says goodbye to hedge funds
First Post – There’s no doubt which was the most popular reading material in the blogosphere this weekend – the extraordinary ‘farewell letter’ from Andrew Lahde, one of the most successful hedge fund manager in the world, who has said […]
Gradient close to collapse as hedge funds feel heat
Telegraph.co.uk – The City-based European equity fund, which had $2.5bn under management at its peak, is now down over 63pc so far this year, leaving investors fearful it will be forced to close. The “blow-up” is a mighty fall for […]
Hedge-Fund Clients Pulled $43 Billion Last Month, TrimTabs Says
Bloomberg – Investors withdrew a record $43 billion from hedge funds in September as they fled distressed-securities and stock funds because of poor performance, TrimTabs Investment Research said today. The estimated outflows were the most since TrimTabs started tracking the […]
‘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, […]
SEC to Make Hedge Funds Report Short Sales Until 2009
Bloomberg – The U.S. Securities and Exchange Commission extended a rule forcing hedge funds to tell the agency about short-sale positions amid concerns investors bet against companies after spreading false rumors they will fail. Investment managers who oversee more than […]
Hedge Fund Woes: Troubles at Citadel, Highland
CNBC – Ongoing hedge fund losses and liquidations spooked markets Wednesday, and some of the biggest names in the mix now are Citadel Investments and Highland. Hedge funds had their worst month ever in September, with average losses of 6.2 […]
Legg Mason unit eyes distressed sales: report
Tehran Times – Permal Investment Management, the hedge fund investment division of U.S. asset manager Legg Mason Inc, is aiming to raise up to $500 million to take advantage of a boom in distressed sales of hedge fund holdings, the […]
BBVA unit says clients slash hedge fund exposure
Reuters – Clients of Spain’s BBVA Patrimonios have cut hedge fund exposure by more than two-thirds over the past year after disappointing returns, says its chief investment officer, who believes the industry is in meltdown. "Appetite for hedge funds has […]
Hedge Funds Concede Errors, Profess Optimism After Worst Losses
Bloomberg – Hedge fund managers, after enduring the industry’s worst month in a decade, are seeking to explain to investors what went wrong and what they are doing about it. “We clearly underestimated several things, most importantly the tsunami of […]
High-flying hedge fund falls back to earth
International Herald Tribune – Only 10 months ago, Remy Trafelet was so flush that he treated about 100 employees at his hedge fund to a getaway in Venice. He and his crew spent a long, luxurious weekend at the five-star […]
