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Latest Headlines
Latest Headlines
Hedge funds to save the financial system?
Hedge funds ( hedge fund news) seem to be surviving the financial reform movement in decent shape--which may be a really good thing. A recent commentary in the Washington Post notes that financial risk isn't going away. The issue is "how to entrust it to responsible players. The crash of 20
Hedge funds: The future beckons
We noted recently that hedge funds have staged a comeback following the pyrotechnics of 2008. Performance has improved, and assets are again flowing in. Total assets under management has risen, again recovering to the $2 trillion mark. But the industry has changed--for the better in many ways. Lim
Too-big-to-fail fight brewing in Washington
The SEIU-led anti-big bank rally made a stop in Washington , picketing the offices of Goldman Sachs. Only about 100 protesters showed up with their signs, but that was good enough to get some coverage in Politico . The most memorable prop: a big red homemade vampire squid puppet, replete
John Meriwether to shutter fund
"For many investors, John Meriwether is by now just another hedge-fund manager." Ouch! So says one expert to Bloomberg , which reports that Meriwether is closing down his Relative Value Opportunity II fund, after losing 44 percent from September 2007 to February 2009.
Meriwether of course i
More on the new private bailout facility
Shades of Long-term Capital Management? To hold up other would-be failing banks, banks including JPMorgan Chase, Goldman Sachs, Morgan Stanley and Citigroup have committed $7 billion each for a bailout pool. A bank will be able to borrow in cash up to one-third the size of the pool. That number co
Carlyle collapse a rude awakening
When you think of top private equity funds, you think of the likes of KKR , the Blackstone Group and the Carlyle Group . We tend to think of them as uber-financiers, backed up by the best and brightest culled from top investment banks. So when one of the faces defaults on a hedge fund, i
Does the use of multiple prime brokers boost risk?
Although most hedge funds use more than one prime broker, the question remains: Does this pose any problems for investors? The Financial Times reports that the GAO is concerned that when information is held by several service providers, and not readily shared, it makes it harder to assess the
What's next for Ralph Cioffi?
Is there life after a hedge fund blow up? Sure. Just ask John Meriwether, still better known as the leader of Long-Term Capital Management, which collapsed in 1998 for JMW Partners, and has fared well in recent years. Is Ralph Cioffi, who managed the Bear Stearns hedge funds that in many ways kic
Big banks banding to save SIVs
An announcement as early as today could be forthcoming from a group of banks that have been in talks to create a large investment fund to prevent severe losses in various mortgage and other markets. This is at the behest of the Treasury Department. Banks involved include Citigroup, Bank of Americ
And the top hedge fund manager is...
Will the current turmoil re-order the hedge fund rankings? It is distinctly possible. Long-term Capital Management at one point ranked as a pretty darn big fund. For now, the leader of the pack seems to be Highbridge Capital Management, owned by JPMorgan Asset Management, which remained th
