Monthly Archives: January 2009

NYU Granted Extension Amidst Madoff Losses

January 7, 2009 : Permalink

New York (HedgeCo.Net) – New York University scored a victory yesterday, when they won a court order that sought an extension on a temporary ban that would halt J. Ezra Merkin from making any more transfers with the school’s funds.  […]

Adolf Merckle, German tycoon who lost millions on VW shares, commits suicide

January 7, 2009 : Permalink

Times Online – One of Europe’s most influential industry magnates has thrown himself in front of a train after his business empire began to crumble. Adolf Merckle, the 74-year-old head of a conglomerate that employs thousands in Britain and elsewhere […]

Chairman of Hedge Funds Care to Ring the NASDAQ Closing Bell

January 7, 2009 : Permalink

West Palm Beach (HedgeCo.net) – President and Chairman of Hedge Funds Care (HFC), John Budzyna, will preside over the Closing Bell to mark the 11th Annual New York Open Your Heart to the Children Benefit to be held at Cipriani […]

Charities hurt in Madoff case get charity

January 7, 2009 : Permalink

MSNBC – Nonprofits that are struggling because their donors lost money with Bernard Madoff are getting a bailout — but not from the government. Richer foundations are stepping in to help. Human Rights Watch, The Center for Constitutional Rights and […]

Is now the right time for open source in hedge funds?

January 7, 2009 : Permalink

CNET News – I’ve blogged about Marketcetera before, a cool open-source hedge fund trading platform. Later this week I’ll be posting an update after I interview the Marketcetera team, but keep bumping into stories that make me wish the interview […]

Rival Launches RRSP Fund

January 7, 2009 : Permalink

West Palm Beach (HedgeCo.Net) – Cayman Island based hedge fund manager Rival Capital Management Inc., announced the launch of the Rival North American RRSP Growth Fund, an RRSP eligible fund that will invest in the current Rival North American Growth […]

Main Citadel Hedge Funds Dropped Estimated 53% In ’08

January 7, 2009 : Permalink

CNN Money – Citadel Investment Group’s main hedge fund lost 53% for 2008, according to a person familiar with Citadel’s preliminary estimates. The $10 billion Kensington and Wellington funds lost about 9% during the first 24 days of December, punctuating […]

N.Y. judge restrains Merkin funds in Madoff lawsuit

January 7, 2009 : Permalink

Boston Globe – A judge extended an order on Tuesday barring hedge fund founder Ezra Merkin from shutting down funds that had invested with accused swindler Bernard Madoff or withdrawing money from them. New York State Supreme Court Justice Richard […]

Give backs and free management from some hedge funds

January 7, 2009 : Permalink

BloggingStocks – Over the past few weeks you probably saw signs in retail stores touting "big sales" with discounts of 50% to 70& off. It seems that Wall Street has caught on to main street’s way of doing business – […]

Dubai leads in Islamic finance with new Shariah hedge fund index

January 7, 2009 : Permalink

Mena Report – The Dubai Multi Commodities Centre Authority (DMCCA) and Shariah Capital, Inc. (SCAP.L) today announced the Dubai Shariah Hedge Fund Index, the first internationally-recognised index comprised exclusively of Shariah compliant hedge funds.  The Dubai Shariah Hedge Fund Index […]

Paulson’s Pellegrini Said to Resign to Start Own Hedge Fund

January 7, 2009 : Permalink

Bloomberg – Paolo Pellegrini, the hedge-fund manager who helped Paulson & Co. make more than $3 billion in 2007 on bets the U.S. housing bubble would burst, resigned to start his own fund, a person familiar with the matter said. […]

Hedge Funds Will Be Ruined by Withdrawal Limits:

January 6, 2009 : Permalink

Bloomberg – Looking for a new definition of a hedge fund? How about an organization that takes 20 percent of the profits on your money in the good times, then refuses to let you have it back when the weather […]