Tag Archives: third-party
Hedge fund’s Chanos-financials have seen the worst
Reuters – Hedge fund manager Jim Chanos, who makes money betting that companies’ stock prices will fall, said financial stocks have probably seen the worst and his fund has fewer short positions now than it did in the past. "We […]
Hedge Fund Glory Days Fading Fast
New York Times – Making millions — or even a few billion — by managing a hedge fund has been a running dream on Wall Street in recent years. But suddenly even the masters of this $2 trillion universe are […]
RAB Capital plans to revamp flagship fund
Financial Times – RAB Capital is planning to restructure its flagship hedge fund, which plunged more than a third this year, and offering investors lower fees in return for agreeing not to withdraw their money for three years. It is […]
Some hedge funds see assets shrivel in 1st half
Reuters – Some of the world’s biggest hedge funds suffered a dramatic drop in assets in the first half of 2008 as financial markets tumbled and many investors asked for their money back, according to a survey released on Monday. […]
‘Goldfinger’ makes comeback with launch of $5bn hedge fund
Telegraph.co.uk – Mark McGoldrick, a former Goldman Sachs trader whose track record earned him the nickname ‘Goldfinger’ during his career with the Wall Street bank, is making a comeback with a new $5bn (£2.8bn) fund. McGoldrick, who famously earned $70m […]
Hedge fund Ore Hill limits redemptions
Reuters – Hedge fund Ore Hill Partners, which specialises in credit strategies, has barred clients from redeeming their money from its flagship offering, imposing a freeze just as investors clamored for an exit, the company said on Friday. The firm, […]
Temasek may invest more in Western banks
Reuters – Singapore sovereign wealth fund Temasek Holdings, which has pumped billions of dollars into ailing lenders such as Merrill Lynch, said it may invest more in Western banks if the opportunity arose. The fund also said its assets rose […]
Hedge Funds Take Huge Loss as Mood Swings
Financial-Planning.com – Many alternative asset managers, who brag about their ability to make money regardless of market conditions, posted their worst figures in years last month after worldwide sentiment suddenly changed on energy prices, financial stock and the U.S. dollar. […]
Turnberry Capital to liquidate its fund
Stamford Advocate – A Greenwich hedge fund company is among hundreds of the risky investment entities that have closed or are projected to close this year amid volatile equity and commodity markets. Turnberry Capital Management told investors last week that […]
Short reign of luck and leverage
Times Online – Jon Wood, the ballsy and opportunistic hedge fund manager who wagered that there was value in Northern Rock even as the bank was collapsing last autumn, has reportedly lost 85 per cent of his investors’ money. He […]
Running a Hedge Fund Is Harder Than It Looks on TV
Do you remember a time, only a short while ago, when virtually anybody could start a hedge fund? It seemed so easy: billions of dollars were being thrown around like confetti, even at first-time managers. You could make money with […]
