{"id":8566,"date":"2008-09-09T00:00:00","date_gmt":"2008-09-09T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"some-hedge-funds-see-assets-shrivel-in-1st-half","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2008\/some-hedge-funds-see-assets-shrivel-in-1st-half.html","title":{"rendered":"Some hedge funds see assets shrivel in 1st half"},"content":{"rendered":"<p>Reuters &#8211; Some of the world&#8217;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.       <\/p>\n<p>Renaissance Technologies, which runs one of the world&#8217;s most successful hedge funds that also charges some of the world&#8217;s highest fees, saw assets under management shrink by 14.71 percent during the first six months of the year. The firm, run by former mathematics professor Jim Simons, managed $29 billion at the end of June, according to a survey conducted by magazine Absolute Return.<\/p>\n<p>While total assets may have shrunk, its $8 billion Medallion fund soared 48 percent at the end of July, net of fees, the New York Post reported, citing people familiar with the returns.<\/p>\n<p>Farallon Capital Management&#8217;s assets declined 8.3 percent to $33 billion, and Goldman Sachs Asset Management saw assets fall 7.9 percent to $26.9 billion.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.reuters.com\/article\/fundsFundsNews\/idUSN0847280820080908\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Some of the world&#8217;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. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[534,673,816,803,117,723,2588,83,170,1851,101,2587,47,358,1353],"class_list":["post-8566","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-biannual-survey","tag-carnage","tag-composite-index","tag-external-managers","tag-investment-arm","tag-mapeley","tag-mathematics-professor","tag-medallion","tag-money-managers","tag-msn-moneycentral","tag-raanan-agus","tag-renaissance-technologies","tag-third-party","tag-value-investors","tag-vanguard"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8566"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8566\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}