Monthly Archives: January 2009

Hedge Fund Whiz Einhorn Jumps on the Gold Wagon

January 29, 2009 : Permalink

BusinessWeek – With the price of gold racing higher over the past two months, more investors are coming around to the notion that the precious metal may be the best option to protect against a possible economic catastrophe. Among the […]

Hedge fund Steel Partners seeks to dismiss Icahn suit

January 29, 2009 : Permalink

Reuters – Steel Partners this week asked a Delaware court to dismiss a lawsuit filed against the hedge fund firm by billionaire investor Carl Icahn, saying he is "looking for a scapegoat" for investment losses that happened as the financial […]

Ex-Citadel Manager Returns 18% With Atom Japan Fund

January 29, 2009 : Permalink

Bloomberg – Atsuko Tsuchiya, the Japanese hedge- fund adviser who left Merrill Lynch & Co. to found her own firm, led Atom Japan Equity Fund to an 18 percent return in 2008, beating rivals who suffered the worst year on record. […]

Artradis, Top Asia Hedge Fund in 2008, Looks to More Volatility

January 29, 2009 : Permalink

Bloomberg – Artradis Fund Management Pte., whose volatility funds posted the best returns among Asian hedge funds last year, is betting continued market swings will help them outperform again in 2009. While volatility will decline to “more normal levels” from […]

Madoff Red Flags Could Have Been Raised by Santander’s Software

January 29, 2009 : Permalink

Bloomberg – Banco Santander SA’s hedge fund unit used risk software that according to its developer may have “waved red flags” about Bernard Madoff investments. “You definitely would have seen it,” Riskdata SA Chief Executive Officer Ingmar Adlerberg said in a […]

Deephaven’s Hedge Fund Bought by Stark Investments

January 28, 2009 : Permalink

West Palm Beach (HedgeCo.net) – Deephaven Capital Management signed a deal on Tuesday to sell the assets of its flagship hedge fund, Knight Capital Group Inc., to Stark Investments. The founders, Brian Stark and Mike Roth, will give Deephaven investors […]

FACTBOX-Companies exposed to Madoff

January 28, 2009 : Permalink

Forbes – Following are some of the companies exposed to the alleged $50 billion securities fraud by Wall Street pioneer Bernard Madoff:   * AUSTIN CAPITAL MANAGEMENT – The company managed money for the Massachusetts state pension fund, which lost […]

Paulson Fund Makes at Least $420 Million Shorting RBS

January 28, 2009 : Permalink

Bloomberg – Paulson & Co., the hedge fund run by billionaire John Paulson, made at least 295 million pounds ($420 million) since September by short selling Royal Bank of Scotland Group Plc. Paulson held a short position of 0.87 percent […]

OPEC Calls for Curbing Speculators, Blames Hedge Funds for Rout

January 28, 2009 : Permalink

Bloomberg – OPEC wants U.S. regulators to curtail oil trading by hedge funds and speculators who helped make last year the most volatile in crude oil trading. Abdalla el-Badri, secretary-general of the Organization of Petroleum Exporting Countries, is seeking rules […]

Eze Castle & Reuters Sponsor Obama Hedge Fund Strategy Panel

January 28, 2009 : Permalink

West Palm Beach (HedgeCo.net) – Hedge fund tech. provider Eze Castle Integration and Thomson Reuters are sponsoring a panel to discuss hedge fund strategies and regulatory considerations for the Obama administration, the ‘Obama Administration & Hedge Fund Strategies panel’. Hedge […]

Education endowments put more with hedge funds

January 28, 2009 : Permalink

Reuters – Universities and schools put more money into alternative investments like hedge funds in fiscal 2008, researchers reported on Tuesday. The Commonfund Institute, a group that polled 628 educational endowments on their investment tastes, found their appetite for alternatives […]

Treasury Select Committee MPs accuse funds of cashing in on misery

January 28, 2009 : Permalink

Times Online – Hedge funds were accused by MPs yesterday of gambling against the taxpayer when they bet that the share prices of British banks would fall. Appearing before the Treasury Select Committee, four leading hedge fund managers were told […]