Tag Archives: money
DEALTALK-Not all bad news in hedge funds
Reuters – A handful of hedge funds has resisted the global crisis ravaging their rivals, reaping bumper returns in 2008 in a sign some niche players will always beat the market no matter how dire the outlook. There is no […]
South Carolina lawmakers hedge on stimulus aid
Greenville News – Two key leaders of South Carolina’s Legislature said Friday they would have problems agreeing to accept some of the federal stimulus money passed by the U.S. House if Gov. Mark Sanford decides not to ask for it. […]
Education endowments put more with hedge funds
Reuters – Universities and schools put more money into alternative investments like hedge funds in fiscal 2008, researchers reported on Tuesday. The Commonfund Institute, a group that polled 628 educational endowments on their investment tastes, found their appetite for alternatives […]
FACTBOX-Companies exposed to Madoff
Forbes – Following are some of the companies exposed to the alleged $50 billion securities fraud by Wall Street pioneer Bernard Madoff: * AUSTIN CAPITAL MANAGEMENT – The company managed money for the Massachusetts state pension fund, which lost […]
Education endowments put more with hedge funds
Universities and schools put more money into alternative investments like hedge funds in fiscal 2008, researchers reported on Tuesday. The Commonfund Institute, a group that polled 628 educational endowments on their investment tastes, found their appetite for alternatives increased slightly […]
Elliott Hedge Fund Bought Fictitious Securities From Dreier
Bloomberg – Elliott Management Corp., the $12.8 billion hedge-fund firm founded by Paul Singer 32 years ago, told clients that it bought securities from Marc Dreier, the New York lawyer jailed for alleged fraud. Elliott lost money on promissory notes […]
Accountant for missing Sarasota hedge fund manager wasn’t certified
ABC Action News – “I feel sick to my stomach. I don’t sleep well at night; I am up and down every couple of hours. Leslie Collier was on the verge of retirement until she discovered a week ago that […]
Hedge fund assets likely to lose up to $450bn
Business Report – Hedge funds lost more money last year than any year on record. It may get worse this year, forcing fund managers to overhaul investment strategies, reduce fees and make it easier for clients to withdraw cash. The […]
Hedge Fund Assets May Fall $450 Billion After Worst Performance
Bloomberg – Hedge funds lost more money in 2008 than any year on record. It may get worse in 2009, forcing fund managers to overhaul investment strategies, reduce fees and make it easier for clients to withdraw cash. The $1.2 […]
Authorities think money manager planned to vanish
Arlington Heights Daily Herald – A missing hedge fund manager who owed investors a $50 million payout told his wife in a note he felt guilty about mismanaging people’s money, and threatened to kill himself, according to a sheriff’s report […]
