Will hedge funds still be around in 5 years time?
Gerson Lehrman Group - New York, USA
This article argues that UCITS funds are a more suitable investment for most hedge fund investors, and that hedge funds will return to their roots as funds for the ultra-wealthy.
Hedge Funds Gained 0.4 Percent in January as Stocks Declined
Bloomberg - USA
Hedge funds, which posted record losses in 2008, eked out an average return of 0.4 percent in January, enough to generate their third-largest gain against U.S. stock markets.
A New World For Hedge Funds
Forbes - NY, USA
Fewer funds, lower leverage and maybe fewer limited partnerships--how the crisis tamed the wild hedge fund world.
Hedge fund investors have a great chance to cut fees
Financial Times - London, England, UK
Walk around London's Mayfair or New York's Midtown at the moment and - if you can avoid tripping over unemployed bankers - you can listen in on plenty of conversations about kicking hedge funds while they are down.
US Weighs Fed Program to Loosen Lending
Wall Street Journal - USA
Hoping to jump-start the financial system, the Obama administration is considering turning to a new program run by the Federal Reserve that has been a challenge to launch and depends heavily on hedge funds.
Public companies keen to invest in hedge funds says survey
Hedge Funds Review Magazine - London, England, UK
The overwhelming majority of public companies are keen to engage with hedge fund investors, with 89% proactively meeting with hedge funds as part of their investor relations programmes, according to a survey conducted by Bank of New York Mellon.
Hedge funds inch higher in January after dismal '08
Reuters - USA
Hedge funds started the year with tiny gains and handily outperformed a declining stock market in January after suffering the industry's worst-ever losses in 2008, data released on Friday show.
First Green Hedge Fund Directory Now Available
RenewableEnergyWorld.com - Peterborough, NH, USA
The Energy Hedge Fund Center has done it again as it offer the world's first directory of green hedge funds. Funds in carbon, renewable energy, cleantech, water, weather derivatives and forestry are all in one new directory for 2009.
Top SEC Regulator Backs Hedge Fund Oversight
CNBC - Englewood Cliffs, USA
A top U.S. securities regulator said Tuesday she generally supported requiring hedge funds to register with the Securities and Exchange Commission. SEC Commissioner Elisse Walter is the latest in a growing number of policymakers to express support for more oversight for the $1.4 trillion industry.
Contributing Factors To Hedge Funds' 2008 Failure
HedgeCo.net - West Palm Beach, FL, USA
Credit Suisse Tremont Index LLC released a new research piece, ‘One for the History Books: Hedge Fund Performance in 2008′, a review of the factors which contributed to hedge funds' dismal -19% return in 2008.
Congressional leaders propose new financial reins
The Associated Press
Congressional leaders are proposing new government oversight over Wild West corners of the financial markets that operate largely in secrecy and have been pinned as potential threats to stability. Fresh targets are hedge funds and the $60 trillion global market in credit default swaps - a form of insurance against loan defaults.
UK hedge fund regulations working just fine, thank you, Parliament ...
Pensions & Investments - Chicago, IL, USA
U.K. managers and industry group executives told a Parliament committee Jan. 27 that the country's regulation of hedge funds is working and would guard against the kind of fraud Bernard L. Madoff is alleged to have committed.
In Search of a New Hedge Fund Business Model
Seeking Alpha - New York, NY, USA
As hedge fund returns continue to disappoint, there has been a cacophony of voices calling for changes in approach to investment in hedge funds and for ...
Assets For Hedge-Fund Launches Fell In '08 - Absolute Return
CNNMoney.com - USA
Assets for new hedge-fund launches fell "significantly" in the U.S. last year as hedge funds had their worst-ever year of performance, according to hedge-fund magazine Absolute Return.
Hedge Fund Critic To Leave Top UK Economic Post
FINalternatives - New York, NY, USA
John McFall, the British legislator who called in several leading hedge fund managers in for a grilling last week, will step down as head of the influential Parliamentary committee he has led for nine years.
Goldman Sachs to Move Hedge Fund Event to New York From Miami
Bloomberg - USA
Goldman Sachs Group Inc., which reported its first quarterly loss as a public company in December, plans to hold an annual hedge fund conference in New York this year instead of Miami, a spokesman said.
State's Hedge Fund Losses Stoke Debate
New York Times - United States
New Jersey's decision to invest billions of dollars of state pension savings into lightly regulated hedge funds is prompting renewed debate, as the state has begun recording hundreds of millions of dollars in losses from the hedge fund holdings.
MetLife Says Big LBO Investors Face ‘Harshest' Losses
Bloomberg - USA
MetLife Inc., the largest U.S. life insurer, said investors in private-equity funds face writedowns in the first half of this year, with the “harshest” losses coming from the biggest buyout firms.
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A Hedge Fund Gambles on Death
BusinessWeek - USA
The market for exotic securities hasn't entirely gone away. It's just gone underground - six feet under, to be precise. Hedge fund Davidson Kempner Capital Management is plunging into life settlements—a market in which speculators buy-up unwanted life insurance policies from wealthy individuals looking to score some quick cash.
Dan Och Buys 1.6 Million Shares of His Hedge Fund Firm Och-Ziff
Bloomberg - USA
Daniel Och, chief executive officer of Och-Ziff Capital Management Group LLC, spent about $7 million buying shares over the past three months in the hedge fund firm he founded.
Tancredo hit by hedge fund fallout
Denver Post - Denver, CO, USA
Tom Tancredo is reeling in the debris of America's exploding hedge funds. "It all went south," the former candidate for U.S. president told me Monday. "It was a pretty devastating thing."
Novel Hedge Fund Lawsuit Ends With Family Amity
FINalternatives - New York, NY, USA
The family flap over the novel Hedge Fund Wives has come to an end. Natasha Boncompagni has settled a lawsuit filed against her by her sister and author Tatiana Hoover, admitting that she did not co-write the book, about four wealthy Wall Street wives.
Space tourist takes punt on hedge fund
Financial Times - London, England, UK
Mark Shuttleworth, the man dubbed the “first African in space” after paying $20m (£13.7m) to become the cosmos's second space tourist, has put $10m into a hedge fund backed by Michael Spencer, the billionaire founder of Icap, the interdealer broker.
Cohen's Hedge Fund Taxes Can't Fix Connecticut's Fallen Revenue
Bloomberg - USA
Philip Duff, Morgan Stanley's former chief financial officer, last month fired 80 of the 100 people at his 11-month-old hedge fund, and now he's looking to sublet excess office space in Greenwich, Connecticut.
Pershing Square's Target fund drops 40 pct in Jan
Reuters - USA
Hedge fund manager William Ackman's portfolio that bets exclusively on retailer Target Corp. lost about 40 percent in January, he told investors this week. The fund, Pershing Square IV, has now lost nearly all of the $2 billion that Ackman raise in 2007.
Galleon Hedge Fund Names Frank Wong as Asia Chairman
Bloomberg - USA
Galleon Group hired Frank Wong, who spearheaded DBS Group Holdings Ltd.'s growth in China, as chairman of its Asia business to help push the New York-based hedge fund's expansion in the region.
Kanetsu Will Close DragonHorse, Exit Hedge Funds
Bloomberg - USA
Kanetsu Asset Management Co. will liquidate hedge funds, including Japan's best performer last year, as commodities trading shrinks, a company executive said.
‘Disappointed' Perry Partners Apologizes for First Loss
New York Times - United States
We're sorry. That's the message the hedge fund manager and political power player Richard C. Perry sent to his investors recently after his firm, Perry Partners, experienced its first annual loss in its 20-year history.
Citigroup's Hill to Move to Singapore to Head Prime Brokerage
Bloomberg - USA
Andrew Hill, Nikko Citigroup Ltd.'s co-head of Japan prime finance sales, will move to Singapore this month to lure more hedge fund business for Citigroup Inc. in Southeast Asia and India.
Hedge fund RAB sells Asian business at £19m book loss
Independent - London, England, UK
RAB Capital, the troubled London-based hedge fund, has agreed to sell its Asian business as it tries to shore up its finances.
Hedge Fund Hell: Came Public Too Soon?
TheStreet.com - USA
A senior adviser at Kohlberg Kravis Roberts & Co. said Friday that competitors' decision to go public was unwise and that KKR was "lucky in being slow."
Arbitrage Lures Gabelli, Huntington After 920 Hedge Funds Fail
Bloomberg - USA
Mario Gabelli is buying Wyeth to book a 13 percent profit from its takeover by Pfizer Inc. Managers at Cohen & Steers Inc. are scooping up closed-end funds trading at a 16 percent discount to the value of their holdings. Huntington Asset Advisors Inc. is betting the widest gap between silver and gold prices in 14 years will narrow.
Deephaven Euro fund set for spin-off
Telegraph.co.uk - United Kingdom
Knight Capital, a Nasdaq-listed trading group, wants to demerge the London-based Deephaven European Event Fund, which last week won the EuroHedge award for best performance in 2008.
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Arkanar Financial Global Macro Hedge Fund Launch
HedgeCo.net - West Palm Beach, FL, USA
Alternative investment consultant and director, Bob Torkelund has announced the launch of a Cayman regulated fund, the Arkanar Global Macro SP. The fund is being monitored and the due diligence work done by the Cayman regulator before the launch took place.
Myojo Plans Tech-Stock Hedge Fund as Firm Rebuilds After Rout
Bloomberg - USA
Myojo Asset Management Japan Co., whose assets shrank 86 percent in 2008, plans a new fund focused on global technology stocks as the firm rebuilds after the hedge fund industry's worst year on record.
General News | People and Funds | Launches| Hedge Fund Activism | Crime and Law
Hedge Fund News
FiNTAG
Hedge fund has sold off most of its AMR shares
BusinessWeek - USA
Hedge funds that last year ranked as the third-largest shareholder of American Airlines' parent AMR Corp. have sold off nearly their entire position in the company.
Paulson Hedge Fund Asks Dow to Close Rohm & Haas Deal
Bloomberg - USA
Paulson & Co., the hedge fund run by billionaire John Paulson, urged Dow Chemical Co. to slash its dividend, sell new stock and issue bonds to pay for the stalled $15.4 billion takeover of Rohm & Haas Co.
Hedge Fund Follows Icahn Lead in Proxy Fight
Hedge Fund Net - New York, NY, USA
Hedge fund firm Eastbourne Capital Management is following activist investor Carl Icahn's lead and proposing a slate of directors for a biotechnology company.
General News | People and Funds | Launches| Hedge Fund Activism | Crime and Law
Hedge Fund Fraudster Sentenced To 40 Months
FINalternatives - New York, NY, USA
A hedge fund fraudster-turned-part-time chef has been sentenced to less than four years in prison for defrauding investors of $10 million. The sentencing of Vincent Montagna, which came down on Dec. 22, has attracted special attention because Montagna's lawyer is Ira Sorkin, who also represents accused Ponzi schemer Bernard Madoff, according to Bloomberg News.
Hedge Fund Manager, Others Accused Of Insider Trading
North Country Gazette - Chestertown, NY, USA
A former hedge fund manager, investment banker and two others have been charged with insider trading. Joseph Contorinis, Michael Koulouroudis and George Paparrizos were arrested Friday morning on charges of conspiracy and securites fraud. Nicos Achillea Stephanou was previously arrested on related securities fraud charges.
Ex-Hedge Fund Manager Charged With Insider Trading
Hedge Fund Net - New York, NY, USA
A former hedge fund portfolio manager was arrested and charged, along with two others, with a $7 million insider trading scheme.
Jailed Florida fund manager to be sent to New York
Reuters - USA
A U.S. court on Monday ordered jailed Florida hedge fund manager Arthur Nadel sent to New York to face charges he bilked investors out of possibly hundreds of millions of dollars.
Madoff
Madoff whistleblower raises questions about Walter Noel's hedge ...
FinancialWeek (subscription) - New York, NY, USA
Fairfield Greenwich Group, the largest feeder fund for Bernard Madoff with $7.5 billion invested, failed to notice red flags or perform due diligence that could have tipped it off to his massive fraud, according to a fraud investigator who blew the whistle on the alleged Ponzi scheme by Mr. Madoff's firm.
Mass. fund fires firm that put money with Madoff
MSNBC - USA
Massachusetts' state pension fund fired a hedge fund firm on Tuesday that lost millions by putting money with accused financial swindler Bernard Madoff.
Mass. fund fires firm that put money with Madoff
Reuters - USA
Massachusetts' state pension fund fired a hedge fund firm on Tuesday that lost millions by putting money with accused financial swindler Bernard Madoff. Trustees for the state's $38 billion pension fund voted to pull back $130 million from Austin Capital Management after the firm had lost $12 million of the state's money to Madoff.
Ex-Merrill CEOs, Execs. Lose In Madoff-Linked Hedge Fund
FINalternatives - New York, NY, USA
Two former Merrill Lynch CEOs and another one-time top executive said last week that they lost money very indirectedly invested with accused Ponzi schemer Bernard Madoff.
Hedge Fund Sues Auditors Over Madoff Losses
Hedge Fund Net - New York, NY, USA
Maxam Capital Management has reportedly sued its own auditors saying that they were responsible for losses from the alleged $50 billion Ponzi scam run by Bernard Madoff.
Luxembourg Regulator Seeks Liquidation Of Suicide's Hedge Fund
FINalternatives - New York, NY, USA
Authorities in Luxembourg announced plans to liquidate a Bernard Madoff-scarred hedge fund whose CEO was found dead, an apparent suicide, in December.
Madoff Hedge Fund Shut Down by Luxembourg Regulators
HedgeCo.net - West Palm Beach, FL, USA
Swiss bank UBS AG's money manager, Luxalpha, was one of the main European hedge funds that gave money to US money manager Bernard Madoff, it is now being shut down by CSSF, Luxembourg's financial supervisors.
General News | People and Funds | Launches| Hedge Fund Activism | Crime and Law
8 - 9 November 
Random portfolios select a sample of portfolios that obey a given set of constraints.
They have many uses -- measuring performance is one of the most important.
Performance can be measured much more accurately with random portfolios than
with other methods. The measurement can be on hypothetical strategies in backtests
as well as traditional performance measurement.