Credit Suisse/Tremont Hedge Fund Index Is Down, Returning -2.61 in July
MarketWatch - USA
Credit Suisse/Tremont AllHedge Index Down 2.68% Net in July Credit Suisse/Tremont Blue Chip Index Down 2.34% Net in July Credit Suisse/Tremont LEA Index Down 4.20% Net in July.
Morningstar Hedge Fund Report, July 2008
HedgeCo.net - West Palm Beach, FL, USA
Hedge funds saw their worst monthly performance in the history of the Morningstar 1000 Hedge Fund Index. The index returned a negative 3.07% in July 2008, an eventful month for the markets.
Goldman And Morgan Link Hedge Fund Lending To Their Own Financial Health
DealBreaker.Com - New York, NY, USA
Morgan Stanley and Goldman Sachs are linking their lending to hedge funds to the market's assessment of the credit worthiness of the investment banks.
The Hedge Fund Hustle
Seeking Alpha - New York, NY, USA
What would you think if you discovered your mutual fund manager had turned over his portfolio almost 3 times? No, not in a year, in a day. Every trading day for a month. At any long only institution I know, men in white coats would within days have bundled the clearly demented portfolio manager away for some much needed downtime.
Change In The Air For Fund Of Funds Fee Structures
FINalternatives - New York, NY, USA
Funds of hedge funds have been and will continue to be an integral part of hedge fund investing. While many investors can and have chosen to bypass FoHF structures in order to invest “direct”, for the past 10 years assets under management under the FoHF structure grew faster than AUM for all hedge funds combined.
Citi Private Bank pushes more alternatives
Asian Investor (subscription) - Hong Kong
Investing in real assets makes more sense in this volatile and uncertain environment, says Jennifer Tay, head of portfolio counselling for Asia-Pacific.
Meet the Hedge Fund Comic
National Post - Toronto, Ontario, Canada
Did you hear the one about the hedge fund comic? Ben Shoval, who manages a US$260-million family-owned hedge fund called Ambit Funding, is developing a stand-up comedy routine based on his business. "A hedge fund is like a mutual fund on steroids," Shoval tells the audience. "It's like the Barry Bonds of investments. Barry goes to Mexico for his juice. We go to the Cayman Islands."
Journal Reporter Leaves For Hedge Fund Job
FINalternatives - New York, NY, USA
The hedge fund industry pays better than journalism, and so another veteran reporter has fled for greener pastures.
Hedge fund group spent $600K lobbying gov't in 2Q
CNNMoney.com - USA
A trade group representing hedge funds spent $600,000 in the second quarter to lobby on proposals to raise taxes on the industry and regulate it more closely, according to a recent disclosure form.
Public Pension Fund Hoping to Up Hedge Fund Stake
HedgeCo.net - West Palm Beach, FL, USA
At a time when most investors are becoming increasingly weary of high risk hedge funds, public pension funds are upping their stake, hoping to make up for recent lackluster performances.
Tokio Marine Makes Gradual Shift to Hedge Funds as Prices Drop
Bloomberg - USA
Tokio Marine & Nichido Fire Insurance Co., a unit of Japan's biggest casualty insurer, may boost its investments in hedge funds by as much as 30 billion yen annually.
Your own hedge fund, in 10 easy steps
SmartBrief - Washington, DC, USA
London hedge fund manager Crispin Odey has just paid himself £28m after tripling his firm's profits last year. But what exactly do these outfits do, how do they make a fortune in a slump - and can anyone start one? Andrew Clark explains the 10 steps to becoming a 'hedgie'
Hedge-Fund Managers Are Not Welcome at the Waverly
New York Magazine - NY, USA
Almost two years after the Waverly Inn opened, the NYT finally reveals to the world that it's the city’s exclusive A-list hot spot - and Hedge Fund Managers aren't welcome.
Hedge fund seeks FSA help over spoof rumours
Wealth Bulletin - London, England, UK
Sabre Fund Management, which specialises in quantitative trading, has complained to the Financial Services Authority that false rumours have been spread about the hedge fund incurring large losses due to a rogue trader, according to a report in The Daily Telegraph, London.
A TV reporter gambles, and loses, on running a hedge fund
International Herald Tribune - France
Ron Insana was one of the people who chased that dream. Insana spent more than a decade as one of the most prominent anchormen at CNBC, the financial news channel on cable television that has become a constant presence in just about every Wall Street office and trading room.
Hedge fund to sell Thanet windfarm in Kent
Times Online - UK
The Christofferson Robb hedge fund is in talks to sell one of Britain’s largest proposed offshore wind farms less than a year after it bought the project.
Bear Stearns Honcho Joins Hedge Fund
Markets Media (press release) - New York, NY, USA
The former head of repo financing activities for mortgage and structured products at Bear Stearns has landed at Sorin Capital Management as the hedge fund firm's chief operating officer.
Hedge funds at a loss to cope with mood swing
Times Online - UK
SRM, the hedge fund group that took a huge bet on Northern Rock as it was imploding last autumn has reportedly lost 85 per cent of its investors' money, amid evidence of a terrible spell this summer for many hedge funds.
Hedge Fund Files For Bankruptcy
Hartford Courant - United States
SageCrest Finance LLC, a hedge fund run by investment firm Windmill Management LLC, sought bankruptcy protection from creditors.
Stock Research - Another Hedge Fund Warns- Basis Capital - This is just the beginning
Corsavoo.com - Bastia, Corse, France
Basis Capital has invested in US home loans which are less than creditworthy. The hedge fund claims that the collateral in their portfolio is sound, but sound is a matter of judgment...
Golden Goose About To Be Cooked?
RightSide Advisors - Los Angeles, CA, USA
George Soros hedge fund disclosed it bought a $811 million stake in Petrobras. This makes the Petrobras holding 22% of the fund.
Hunter's New Hedge Fund Up 230% Through July
FINalternatives - New York, NY, USA
The fall-off in the commodities markets has fueled the continued renaissance of Brian Hunter, the former Amaranth Advisors trader.
T Boone Pickens feels the pain from oil price slide
guardian.co.uk - UK
The billionaire Texas financier T Boone Pickens is suffering a costly headache from the volatile price of oil which has caused the value of investments in his hedge fund, BP Capital, to plunge.
Hedge Fund Tracking: Clarium Capital
Seeking Alpha - New York, NY, USA
Clarium is a $6 billion global macro hedge fund run by Peter Thiel, the co-founder of PayPal.
Hedge Fund's Market-Beating ETF Strategy
Investor's Business Daily (subscription) - USA
Ignore the headlines, analyst forecasts and especially the talking heads on TV. Trade strictly based on what you see in the stock charts, says Deron Wagner, hedge fund manager and founder of Morpheus Trading Group.
Soros buy puts shine on Lehman shares
MarketWatch - USA
Shares of Lehman Bros. Holdings Inc. rose more than 6% at one point Friday as news that famed investor George Soros' hedge fund boosted its stake in the company brought out buyers.
Prudential appoints hedge fund veteran as chairman
Times Online - UK
Prudential, the UK insurance giant, has appointed former hedge fund heavyweight Harvey McGrath as chairman, replacing Sir David Clementi, who will retire at the end of the year.
Auda International Set to Ramp Up Hedge Fund Unit
Earthtimes (press release) - London, UK
When Auda International LP, a leading alternative asset manager with approximately $5 billion under management, named Ernest Boles Chief Executive Officer late last year, one of his top priorities was to continue to align the firm's hedge fund products with the evolving investment requirements of its global client base.
Hedge fund firm Avenue Capital posts losses in June
Reuters - USA
Avenue Capital, a $20.5 billion hedge fund firm that specializes in credit strategies, posted its largest monthly losses in six years in June, the firm told investors.
A tough year for these hedge fund laggards
Globe and Mail - Canada
The laggards among Canadian hedge funds this year.
Hedge fund Turnberry to liquidate, give money back
Reuters - USA
Hedge fund Turnberry Capital Management LP, which specializes in distressed debt, is telling investors that it plans to shut down and return their money after many asked for it back.
Hedge Fund Suffers Sharp Losses
Wall Street Journal - USA
The two-year-old hedge fund founded by Jonathan Wood, a former UBS AG trader, is down about 85% from its inception through July, according to a person familiar with the matter.
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IndUS Business Journal - Waltham, MA, USA
Late last November, Donald Trump Jr. - the son of the brash American real estate tycoon and reality-TV star - appeared at the high-profile Cityscape India 2007 real estate conference in Mumbai to give a speech on the subcontinent's booming property market.
FINalternatives - New York, NY, USA
Another former executive from a defunct UBS hedge fund group is planning his own hedge fund firm. Brian Harris, who ran the commercial real-estate lending business at Dillon Read Capital Management, is in the advanced stages of preparing his first hedge fund for his new firm, Ladder Capital.
FINalternatives - New York, NY, USA
New York-based Cohen & Steers has seeded a pair of onshore and offshore long/short real estate hedge funds to take advantage of the hemorrhaging global real estate market.
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Hedge Fund News
FiNTAG
Barron's - USA
Hill-Rom Holdings stock performance of late is enough to make investors ill, but an activist hedge fund has raised its stake in the provider of medical technologies and equipment.
Computerworld New Zealand - Auckland, New Zealand
E-tales is still digesting the interesting bid for two Telecom board seats by US hedge fund Elliott International, which holds a mere 3% of shares. ...
New Zealand Herald - New Zealand
Eyebrows were raised this week when New York hedge- fund Elliott International nominated two Kiwi businessman - including recently appointed Infratil director Mark Tume - to join the Telecom board.
General News | People and Funds | Launches| Hedge Fund Activism | Crime and Law
Ex-hedge fund manager ordered to pay $300 million
Reuters UK - UK
Paul Eustace, a former hedge fund manager, was ordered to pay nearly $300 million for having cheated clients by sending out fake account statements, the Commodity Futures Trading Commission said on Tuesday.
Alleged Hedge Fund Fraudsters Targeted Orthodox Jews
FINalternatives - New York, NY, USA
A Chicago hedge fund has been charged with swindling the Orthodox Jewish community out of $255 million in a Ponzi scheme.
SFO to look at role of fund in Silverjet failure
Times Online - UK
The UK's Serious Fraud Office is considering whether to start an inquiry into the collapse of Silverjet, which went into administration at the end of May.
NYSE Bars Ex-Bear Rep. Over Hedge Fund Trading
FINalternatives - New York, NY, USA
A former Bear Stearns employee has been barred by the New York Stock Exchange for helping hedge fund clients illicitly trade mutual funds.
Miami Hedge Fund Swindler Sentenced
HedgeCo.net - West Palm Beach, FL, USA
Hedge fund fraudster Salman Shariff has been sentenced to 57 months behind bars, years after swindling millions from trusting investors.
Former hedge fund manager sentenced
Bizjournals.com - Charlotte, NC, USA
A former Miami hedge fund operator is paying for years of fraud that allowed him to live a life of luxury, including the purchase of a modeling agency for his girlfriend to operate, according to the U.S. Attorney’s Office.
General News | People and Funds | Launches| Hedge Fund Activism | Crime and Law
