Peloton to liquidate $2bn hedge fund
The Australian- PELOTON Partners, the hedge fund founded in 2006 by Ron Beller, a former Goldman Sachs partner, has told investors it is being forced to liquidate a $US2 billion ($2.1 billion) fund of...
View ArticleCFS hedge funds terminated
Money Management- Ratings house Standard and Poor’s has withdrawn its ratings from six of Colonial First State’s (CFS’s) fund-of-hedge-fund strategies. The ratings house announced today that the...
View ArticleDrake to shut down two remaining hedge funds
New York (HedgeCo.Net) – Drake Management will shut down its two remaining hedge funds one month after winding down the $2.5 billion Global Opportunities Fund. The $1.4 billion Absolute Return Fund...
View ArticleRockPort closes $450m cleantech fund
Altassets – Cleantech-focused venture capital firm RockPort Capital Partners has closed its third fund, RockPort Capital Partners III, on over $450m, the hard cap of the fund. It had an initial target...
View ArticleAnother handicap for hedge funds
CNNMoney.com – It’s time to say goodbye to Old Lane, the hedge fund management company bought by Citigroup last July. Citi paid a very dear $800 million to snag the fund and its founder Vikram Pandit,...
View ArticleFuture grim for two Bear Stearns hedge fund managers
New York (HedgeCo.Net) – Troubles keep arising for Bear Stearns, even after its demise and the resulting takeover by JPMorgan Chase. It seems investors are still targeting Bear after the implosion of...
View ArticleSeeder Pulls Out, New York Hedge Fund to Liquidate
New York (HedgeCo.Net) – New York hedge fund Manhasset Capital will start the liquidation process later this month after the decision was made by the fund’s seeder to pull out their $100 million...
View ArticleCitigroup to Close Another Hedge Fund
New York (HedgeCo.Net) – Citigroup Inc. will close its $400 million Tribeca Convertible hedge fund in what will help wind down the $2 billion Tribeca Global Investments Group, according to a report...
View ArticleTurnberry Hedge Fund to Liquidate
New York (HedgeCo.Net) – Turnberry Capital Management LP has decided to close its doors and liquidate its assets, after many investors inquired about getting their money back. The hedge fund, which...
View ArticleAndor Hedge Fund to Liquidate
New York (HedgeCo.Net) – Greenwich-based Andor Capital Management will liquidate its $2 billion hedge fund after posting losses due to unfavorable market conditions, following in the footsteps of many...
View ArticleDrake Shuts Down Hedge Funds, Looks to Future
New York (HedgeCo.Net) – Drake Management has officially closed up shop on all three of its hedge funds, delisting them from the Irish Stock Exchange yesterday. The firm decided to wind down their...
View ArticleInvestors reject Centaurus restructure
FT Alphaville – Centaurus Capital is running down its flagship hedge fund after investors with the London activist failed to back an emergency restructuring. Centaurus, founded by former BNP Paribas...
View ArticleDE Shaw, Farallon Restrict Withdrawals as Fund Freeze Deepens
Bloomberg – D.E. Shaw & Co. LP, the investment firm run by David Shaw, and Farallon Capital Management LLC limited withdrawals by clients, joining more than 80 hedge-fund managers to impose...
View ArticleShareholders Flee Fortress
Forbes – Fortress Investment Group pulled up the portcullis on its Drawbridge funds Wednesday, but it’s stock is under seige. Fortress Investment Group‘s directors voted to temporarily suspend pending...
View ArticleCitadel Cuts Asian Principal Investments, Exits Tokyo
Bloomberg – Citadel Investment Group LLC, the hedge fund manager founded by Kenneth Griffin, will close down its Tokyo office and Asian principal investments operations, cutting more than half of jobs...
View ArticleHedge Fund Adviser Tozai to Close After Redemptions
Bloomberg – Tozai Investment Advisory Ltd., a Tokyo-based hedge fund adviser, is closing its business after market losses and investor redemptions cut its funds’ assets to zero from a peak of $70...
View ArticleOch-Ziff Funds Said to Have Eliminated at Least 10 Jobs in Asia
Bloomberg – Och-Ziff Capital Management Group LLC, the New York-based hedge-fund manager that went public last year, eliminated at least 10 jobs in Asia, including partner Raaj Shah, said two people...
View ArticleCitadel to close its offices in Tokyo
Chicago Tribune – The Citadel Investment Group will shutter its Tokyo offices and cut 37 jobs from its Asian operations. The Chicago-based hedge fund will still have a presence in Hong Kong, where 25...
View ArticleInvestor starting long-short fund
Seattle Times – Bill Fleckenstein, a well-known Seattle investor who bets exclusively on falling stocks, is shutting his 12-year-old fund and starting a new one that will buy equities, too....
View ArticleEven strong hedge funds may go under
Reuters – Even some strong hedge fund managers may not survive the ongoing credit crisis due to a lack of funding or credit, the president of hedge fund John W. Henry & Co. said on Tuesday. "There...
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