Tag:
Redemption
Latest Headlines
Latest Headlines
George Soros fails in bid to overturn conviction
George Soros has been trying for nearly a decade to clear his name of an insider trading conviction in France, where a court found him guilty in 2002.
At issue: Trades in the stock of Société Générale that proved to be fabulously profitable for his Quantum Fund, which gained nearly $3 billion.
Bill Ackman may launch a closed end hedge fund
Hedge funds would love to secure funding from a source that would be willing to ride out the bad times as well as enjoy the good times. If the recent financial crisis taught the industry anything, it's that limited partners really desire the ability to redeem funds lightning fast. A good trader ne
SAC Capital secures new investments, performance remains strong
One big issue surrounding hedge fund powerhouse SAC Capital and its founder Steven Cohen is the extent to which limited partners are getting restive.
It was big news recently when one investor anonymously went public about his decision to redeem funds. That has prompted more questions about ho
SEC looking at SAC's MedImmune trades, limited partners nervous
The SEC has been taking a look at MedImmune's takeover by AstraZeneca for almost two years, as part of a larger probe of big health-care deals and an investigation of whether or not hedge funds and bankers were illegally trading on inside information.
Today's blockbuster news development that
Hedge fund Shumway returns all capital
What to make of the move by Shumway Capital to return all capital to its limited partners? Well, it comes at a time when the balance of power has swung a bit toward the investors. The financial crisis pushed redemption issues to the fore, and funds have become more investor-friendly.
"In Novem
Goldman Sachs redeems funds from Philip Falcone
Philip Falcone was among the winners in the financial crisis, as he bet big against sub-prime bonds and the like. But he stumbled badly after that. And investors are now yanking their investments. Goldman Sachs (NYSE: GS ) has joined the disgruntled list in a big way. Bloomberg reports the
Is the worst over for hedge funds?
We may get some additional spates of bad hedge fund news. But for the most part, more people are starting to feel that the worst may finally be over.
Case in point: Goldman Sachs Chief Financial Officer David Viniar said during a conference call with analysts and investors, "It feels like we a
Hedge funds see inflows rise slowly
The hedge fund industry has survived. In fact, the big are only getting bigger, and would-be clients are slowly wading their way back in. Big pensions and other funds are heavy on cash right now, and there's a sense that those funds will have to be put back to work. A Barclays survey predicts that
Peter Madoff, what role did he play?
People have been speculating about who might have aided and abetted Bernard Madoff in his Ponzi scheme. The spotlight now turns to his brother, Peter Madoff. A New York Times reporter has been shown redemption checks made out to clients of the Madoff advisory business that were signed not be B
Return of the hedge fund swashbucklers?
In the golden era of macro hedge funds, names like Soros, Robertson, Bacon and Kavner inspired awe. People still talk of Soros as the man who nearly broke the Bank of England. Quietly, these funds are coming back into favor, as so many other hedge funds tank.
Global macro funds actually gained
