Tag Archives: redemptions
HSBC sees “tipping point” in hedge fund outflows
Reuters UK – HSBC Global Asset Management says it is finally seeing inflows into some of its hedge funds and believes it may have reached a "tipping point" after a tough period of client withdrawals. Bill Maldonado, head of alternative […]
Investors turn the table on hedge fund terms
Reuters – Not only are Hedge funds losing clients and money, they are losing clout, too, as large investors turn the table on them and demand better terms. Stung by investment losses and vexed by so-called gates that limit redemptions, […]
Hedge fund industry still feeling Madoff effect
Reuters – Bernard Madoff is behind bars, but the effects of his fraud are still reverberating in the hedge fund industry, with more redemptions expected and investor confidence decimated. Traumatized investors are now more likely to closely monitor where their money […]
Big hedge funds’ golden era fading
Reuters – The golden age for super-sized hedge funds may be coming to an end as investors think about putting more money with smaller players, said an industry veteran who is setting up his own fund. "I think the established […]
Hedge Fund Assets to Fall 11% in 2009, Study Says
Bloomberg – The global hedge fund industry may shrink by 11 percent this year as funds liquidate and investor withdrawals persist, a Deutsche Bank AG survey said. Industry assets may fall to $1.33 trillion by December, according to 68 percent […]
Madoff Jailed After Guilty Plea
New York (Hedgeco.Net) – Bernard Madoff was finally promoted from house arrest to maximum security prison, after pleading guilty to the largest Ponzi scheme in history. Madoff, who swindled an estimated $65 billion out of the most elite investors, could […]
February Sees Lower Hedge Fund Redemptions
West Palm Beach (HedgeCo.net) – There were fewer redemptions in February 2009,($11 billion) compared to January,($30 billion), according to preliminary reports from Eurekahedge, pointing towards the easing of redemption pressures for hedge funds in the future. The Hedge Fund Index was down […]
Survey Reports $1.64 Trillion In Hedge Fund Assets
West Palm Beach (HedgeCo.net) – The top 10 hedge fund adminstraators reported $1.64 trillion in hedge fund assets under administration (AuA) in the Q4 2008, according to HFN, with Citco Fund Services, State Street Alternative Investment Solutions and Goldman Sachs […]
Atlantis Seeks Vote to Shut China Fund, Open New One
Bloomberg – Atlantis Investment Management Ltd., a London-based firm that oversees $1.8 billion, is seeking unitholders’ approval to liquidate the China Fortune Fund from which redemptions have been frozen since October. China Fortune Fund unitholders may choose to exchange their […]
Icahn Puts Another $250 Million Into His Fund
New York Times – The billionaire financier Carl C. Icahn put another $250 million into his hedge fund at the beginning of the year after suffering further losses in the fourth quarter on investments in Motorola and Yahoo, according to […]
Ackmans Pershing Square Target Fund Fell 33.3% in February
Bloomberg – William Ackman’s hedge fund that invests solely in Target Corp. fell 33.3 percent in February, bringing the loss since inception to 93 percent, according to an e-mail sent to investors. The decline in Pershing Square IV fund was […]
Hedge funds see $159-bn outflows in Oct-Dec period
Business Standard – Spooked by increasing performance losses and record investor redemptions, the global hedge fund industry saw net outflows worth $158.91 billion in the fourth quarter of calendar year 2008, the highest level since 1994. According to a report […]