Tag Archives: losses


Soros imitators reap riches in financial crisis

February 5, 2009 : Permalink

The Age – Hedge fund managers on average lost 18.7% of their clients’ money in 2008, for the worst performance since at least 1990, according to Hedge Fund Research Inc. Combine the losses with investor redemptions, and total hedge fund […]

MetLife Net Falls 12% on Losses From Hedge Funds, Real Estate

February 4, 2009 : Permalink

Bloomberg – MetLife Inc., the largest U.S. life insurer, said fourth-quarter profit declined 12 percent on losses from hedge funds and real estate ventures. Shares gained in extended trading as the company beat analysts’ estimates. Net income slipped to $985 […]

John Paulson Defies Market and Posts Huge Gains

February 2, 2009 : Permalink

New York Times – While his counterparts at other big hedge funds are trying to figure out whether they can stay in business, the fund manager John Paulson continues to rack up enormous profits. DealBook has obtained Mr. Paulson’s confidential […]

Hedge fund fees are being squeezed

January 30, 2009 : Permalink

MIGHT two-and-twenty become one-and-ten? Since 1990 the number of hedge funds has grown by 14 times to over 7,000, but abundance has not lowered prices. Funds typically still charge clients a management fee of 2% of assets and 20% of […]

Royal Bank of Canada Sued Over Failed Hedge Funds

January 27, 2009 : Permalink

Bloomberg – Royal Bank of Canada, the country’s biggest bank by assets, was sued by investors in Olympus United Funds who claim they lost more than $90 million in the funds’ collapse. Royal Bank, based in Toronto, “secretly managed” the […]

Student Hedge Fund Ends Year in the Black

January 26, 2009 : Permalink

Cornell Daily Sun – In the midst of the country’s economic recession, the Johnson Graduate School of Management’s Cayuga Fund, a hedge fund run by faculty and students, reported a 0.42 percent gain for the 2008 business year. Although the […]

Royal Bank of Canada Sued Over Failed Hedge Funds

January 26, 2009 : Permalink

Bloomberg – Royal Bank of Canada, the country’s biggest bank by assets, was sued by investors in Olympus United Funds who claim they lost more than $90 million in the funds’ collapse. Royal Bank, based in Toronto, “secretly managed” the […]

Deutsche Bank Says Had No Losses on Two Hedge Funds

January 21, 2009 : Permalink

Bloomberg –  Deutsche Bank AG, Germany’s biggest bank, said it suffered no losses from its U.S. hedge funds CQ Capital and Distressed Opportunities. The Frankfurt-based company invested no capital in the hedge funds, which are for institutional asset management clients, […]

Renewed fears as Lloyds shares crash

January 21, 2009 : Permalink

nebusiness.co.uk – LLOYDS Banking Group became the latest casualty of the bank sector sell-off yesterday as its shares plunged as much as 47%. Royal Bank of Scotland steadied a little after Monday’s mammoth 67% fall, but doubts over the Government’s […]

Hopes high as Obama takes office

January 20, 2009 : Permalink

Reuters – Barack Obama takes over as U.S. president on Tuesday with hopes riding high he can conjure up a rescue that will jolt the world’s biggest economy back to life and contain the financial crisis ravaging global markets. The […]

In Lieu of Bailout, a New Strategy

January 19, 2009 : Permalink

Atlanta Journal Constitution – Unlike the nation’s banks, hedge funds haven’t been lining up for government bailouts in the wake of losses they can’t handle. But the funds do share one Wall Street problem: a huge mismatch between the short-term […]

Bard College lost $3 million in Madoff scheme

January 16, 2009 : Permalink

Daily Freeman – Bard College said on Thursday that it lost about $3 million in investments tied to disgraced Wall Street financier Bernard Madoff. Bard spokesman Mark Primoff said the losses came in the Northern Dutchess school’s $270 million endowment […]