Tag:
High Water Mark
Latest Headlines
Latest Headlines
Funds still sweating out redemptions period
At least three big hedge funds have raised brows this year because of their big losses. Leading the pack of course is John Paulson, whose flagship Advantage funds are down significantly; the leveraged version is down about 50 percent. As it turns out, redemptions were relatively light as of Oc
Thursday: The Rajaratnam trial's final hour
Thursday is the big day for insider trading criminal mastermind Raj Rajaratnam, the biggest fish convicted in the ongoing insider trading crack down.
He could well represent the high water mark for prosecutors, though some big targets remain. So there is every reason for the prosecution to wan
Leon Black throws himself lavish birthday party
Much like the hedge fund industry, the private equity industry is driven by personal brands. The top dogs, even when they have all but passed the baton internally, are still critical to the smooth operations and public reputations of the company. They are "key men" in every sense of the word.
More hedge funds surpass high-water marks
It's turning out to be a decent year for hedge funds ( hedge fund news). Thee Dow Jones Credit Suisse Hedge Fund Index was up nearly 6 percent year-to-date as of September 30. That beat the Dow Jones Global Index by about 3 percent.
In September, the index hit a significant milestone: It su
Most hedge funds are below high-water marks
It's been a trying year for hedge funds ( hedge fund news), after a solid--even spectacular--2009. Here's one way to look at the industry's woes: About 54 percent of all hedge funds are below their high-water marks, according to research firm AR.
Barring a tremendous last-quarter rebound, w
Should more pensions get tough with hedge funds?
A few pensions have broken new ground when it came to pressing hedge funds to be more transparent about their fees and other dealings. For several years now, CalPERS has been aiming to secure better terms with all alternative investment funds.
The massive pensions tells ai5000 that it's
How to exit the fund business?
Do most people exit the hedge fund business on a high? Or on a low? Or under a regulatory cloud? Breakingviews weigh in with a piece that suggests people leave for all sorts of reasons, but it notes that most seem to decide to leave after some big losses. One of the few that left on high note:
Plunging hedge funds take incentives down too
Portfolio makes a very astute point about what happens to hedge fund manager incentives once they plunge in value. To put it bluntly, the incentive goes away. "Two and 20" works when the fund is rising or when it dips a just a bit. But after a massive plunge, some managers may be more likely t
Hedge fund deal's unique feature?
The deals for hedge funds these days aren't nearly as gripping as they were a year or so ago, when people were speculating which funds would go public. The deals these days tend to be of the bailout--take my assets, please!--variety. At least one appears to have involved no cash transfer at all.
Citadel battling at the rampart
What is a hedge fund firm like Citadel to do? It's top two funds--Kensington and Wellington--each fell more than 50 percent in 2008. Both were forced to clamp down on redemptions. Such losses would likely have proved fatal for smaller funds. Dow Jones suggests that Citadel benefits from its he
