Harvard seeks to manage more money internally: report
Reuters – Harvard University’s multibillion dollar endowment is adopting a strategy of selling off some holdings in hedge funds, private-equity firms and other money managers to bring more money under...
View ArticleHedge Fund Rankings Released
West Palm Beach (HedgeCo.net) – The Hedge Fund Journal’s Funds of Hedge Funds GLOBAL50, produced in association with Newedge Prime Brokerage Group, reports that minus a few exceptions, funds were happy...
View ArticleTransparency the key word among hedge fund heads
Canada.com – Holding a hedge fund conference at a casino may not be the best optics for an industry that was cast as one of the free-wheeling gamblers of the financial crisis, but players in the...
View ArticleHarbinger Capital Limits Year-End Redemptions on Largest Hedge Fund
New York (HedgeCo.Net) – New York-based Harbinger Capital Partners has capped year-end withdrawals from its largest hedge fund after investors moved to pull $3.5 billion of capital. The hedge fund, run...
View ArticlePaulson Not on Board with Redemption Restrictions
New York (HedgeCo.Net) – John Paulson, head of hedge fund firm Paulson & Co., recently spoke his mind on the wave of redemption freezes that many managers have chosen to impose. “We think it’s a...
View ArticleNew Year to Change Hedge Funds
Markets Media News – The New Year is likely to see several important shifts in alternative investing, according to Don Steinbrugge, managing partner of Agecroft Partners, a global consulting and...
View ArticleSteel Partners Seeks to Convert Biggest Fund to Public Company
Bloomberg – Activist investor Warren Lichtenstein is seeking to convert his largest hedge fund into a publicly traded partnership after clients sought to withdraw 38 percent of their money. The $1.2...
View ArticleWachovia to Buy Back Auction Rate Securities from Clients
New York (HedgeCo.Net) – Wachovia customers who invested in auction rate securities prior to their collapse will most likely get their money back. The SEC announced a settlement yesterday with...
View ArticlePorsche trades give funds ammunition: report
Times of the Internet – Hedge funds have gained ammunition for complaints against German sports car maker Porsche after it said it made almost 400 million euros (514 million dollars) in bets on German...
View ArticleSantander Bank Struggles to Meet Redemptions, Seeks to Halt Withdrawals
New York (HedgeCo.Net) – Spanish bank Santander is seeking to freeze redemptions after stating on Monday that they currently lack the liquidity to meet the rising demands for withdrawals. Investors in...
View ArticleEmerging markets set to perform well
Business24-7 – Middle East hedge fund investors expect emerging markets, the US and Asia (excluding Japan) will outperform in 2009 despite economic downturn, according to a survey conducted across the...
View ArticleHedge fund head says times right for global macro
Reuters – In a period when volatile markets battered most hedge funds, global macro funds are proving their worth, Graham Capital Chairman Kenneth Tropin told Reuters. During one of the hedge fund...
View ArticleMrs. Madoff Has Assets “Unrelated” to Husband’s Scam
New York (HedgeCo.Net) – While authorities are trying to locate and freeze all of the assets of admitted Ponzi schemer Bernard Madoff, lawyers representing his wife, Ruth, claim that she has millions...
View ArticleHedge 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...
View ArticleFund of Hedge Funds Industry Shrinks by 30% – Says InvestHedge Billion Dollar...
The funds of hedge funds industry shrank by nearly 30% in 2008. Volatile markets, zero liquidity, and year-end average returns of -16.63% led to the asset outflows for the global funds of funds...
View ArticleHedge funds that stay liquid, stay alive
Reuters – The heat is on hedge funds to outperform markets and prove their worth to skeptical investors, and to do so requires strategies based on riding out spikes in volatility, seeking liquidity and...
View ArticleHedge Funds Find Arb Opportunity in SPACs
Street.Com – In a fact sheet about the fund, which engages in several arbitrage strategies, AQR outlined plans to take advantage of a lack of liquidity in the "thinly traded" SPAC market. A spokesman...
View ArticleHedge Funds Available In Sweden For The First Time
West Palm Beach (HedgeCo.net) – The Swedish state pension platform, PPM, is including Salus Alpha funds in their premium pension portfolio with immediate effect. The Salus Alpha funds that were chosen...
View ArticleStability can help boost alternative investments
Business24-7 – Stability, and not necessarily an upward move by economies, would be enough to attract investors back to alternative investments such as hedge funds, says Dr Frank Gerhard of Barclays...
View ArticleSalus Alpha Hedge Funds Awarded Extraordinary Performance Award
West Palm Beach (HedgeCo.net) – Vienna based hedge fund manager Salus Alpha Group Services GmbH has been awarded the alternative investments award of geld-magazins for extraordinary good performance...
View ArticleSwiss Hedge Fund Manager Announces Equity Buyback and Investment Program
West Palm Beach (HedgeCo.net) – Swiss alternative investment company ALTIN AG has said it intends to maintain its share price by buying back between 5% and 10% of its own shares, its Board of Directors...
View ArticleHedge Funds Not as Weak as Media Portrays
Seeking Alpha – For the last few months, the media has portrayed the hedge fund industry as in desperate need to hang on to as much capital as possible. Hedge fund limited partners have purportedly...
View ArticleFoHF gain liquidity tool
Financial Standard – Australian fund of hedge fund managers can manage liquidity levels in real time after Northern Trust enhanced the firm’s Hedge Fund Monitor product. The feature, which is available...
View ArticleFund of hedge funds Castle to add London listing
Reuters – Castle Alternative Invest, a Swiss-listed fund of hedge funds, plans to list in London to improve the liquidity of its shares, its investment manager LGT Capital Partners said on Tuesday. The...
View ArticleHedge funds to get $60 billion boost
Financial Standard – Pension funds around the world are expected to pump up their $547 billion hedge fund allocation by more than $60 billion before December as they look to balance assets and...
View ArticleEx-Insight managers launch multi-asset firm
MONACO (Reuters) – Former Insight Investment fund managers Patrick Armstrong and Ana Cukic-Armstrong have launched a new fund management business that will invest in a broad range of assets and seek to...
View ArticleRenaissance Hedge Fund Launch
West Palm Beach (HedgeCo.net) – Quantum Global Financial Corp. has launched the multi strategy New Renaissance Fund with over 37% return for its first 11 months ended May 29, 2009. The fund uses a...
View ArticleBlueMountain to post record returns
Financial Standard – US-based hedge fund BlueMountain Capital Management hopes its forecast 20 per cent plus returns, lower fees and new liquidity rules will appeal to local super funds allocating new...
View ArticleBull Path Converts Hedge Fund Into Long Short Mutual Fund
West Palm Beach (HedgeCo.net) – Bull Path Capital Management recently announced the conversion of one of its long-short hedge funds into a long-short equity mutual fund the ‘Bull Path Long Short Fund’...
View ArticleEx-Lehman Trader to Start Credit Hedge Fund as Banks Pare Risks
Assan Din, a former Lehman Brothers Holdings Inc. credit trader, is setting up a hedge fund to trade corporate bonds and derivatives in Asia. SaKa Capital’s fund, which will have a capacity of more...
View ArticleHedge funds head for bumper first half
Times Online – Hedge funds are on course to deliver their best first-half performance in a decade, as investors renew their faith in the sector in the wake of last year’s calamitous losses. Hedge...
View ArticleUCITS Fund Launch By FX Concepts
HedgeCo.net (West Palm Beach) – New York-based currency manager FX Concepts is launching a new Luxembourg-domiciled fund investing in its flagship Global Currency Program (GCP). The fund has been set...
View ArticleBook Review: Hedge Funds (An Analytic Perspective)
Seeking Alpha – Hedge Funds: An Analytic Perspective by Andrew W. Lo is a highly technical and intellectual analysis of hedge funds. Mr. Lo has filled his book with many advanced, detailed concepts...
View ArticleCan hedge funds be synthetically replicated?
Morningstar – A new breed of clone funds seeks to capture "alternative beta." It wasn’t long ago that hedge funds were on the very cutting edge of finance. Their pitch was simple: they could deliver...
View ArticleLNG eyes debt play on cash-strapped companies
The Guardian – Hedge fund LNG Capital is eyeing the debt of companies at risk of running short of cash, seeing the potential for high returns at an early stage of the credit crisis when companies are...
View ArticleHedge Fund Replication Mutual Fund Marks One Year Anniversary
HedgeCo.net (West Palm Beach) – One of the first no-load, open-end mutual funds designed to replicate broad-based hedge fund performance characteristics, the ‘IQ ALPHA Hedge Strategy Fund’ (IQHIX) has...
View ArticleFunds loosen strings on redemption periods
Business24-7 – Investment funds that extended redemption periods because of adverse conditions in the market have started to cut their notice periods. The move comes in response to positive factors...
View ArticleBad News Bears: The Travails of Journalists Turned Financiers
New York Times Blogs – Sure, it’s tough being a journalist these days. But if you think the news business is in trouble, try being a journalist turned financier. Some of the reporters who have left...
View ArticleClik here to view.
Harvard seeks to manage more money internally: report
Reuters – Harvard University’s multibillion dollar endowment is adopting a strategy of selling off some holdings in hedge funds, private-equity firms and other money managers to bring more money under...
View Article