hedge funds

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Tanking Hedge Funds Take Chunk Out of Market

Investor panic could shrink industry 15%

(Newser) - Now is not a good time to run a hedge fund. Panicking investors are pulling out of the underperforming funds, and that alone could cost the industry 15% of its assets by year’s end, Bloomberg reports. Hedge funds aren't seen as a primary cause of the global financial crisis,...

Times Tough for I-Bankers, in 'Marie Antoinette' Kind of Way

Tough times prompt some soul searching, but titans confident they'll regain Wall St. primacy

(Newser) - With Wall Street in free fall, many of its elite I-bankers are seeing the status quo turned upside-down, Vanessa Grigoriadis writes in New York. Once at the top of the heap, working for companies that praised them as smartest people out there, some are fighting to survive on the Street,...

Not Quite Main Street's Fantasy Football

Fueled by hedge-fund types, Wall St. league boasts $1M purse

(Newser) - While the world suffers through financial meltdown, some of the world’s wealthiest money managers are easing the mood by competing in one of Wall Street’s most exclusive boys clubs: A $1 million fantasy-football league. Hedge-fund titans predominate among owners, who pay $100,000 annually for their teams—and...

Now Brace for Short-Sellers
 Now Brace for Short-Sellers 
Oct 8, 2008 6:01 AM CDT

Now Brace for Short-Sellers

Wall Street steels for end of ban short-selling

(Newser) - The controversial three-week ban on short-selling financial stocks ends at midnight tonight and analysts are uncertain about the impact on an already-traumatized Wall Street. Financial shares have plunged 23% since the ban was imposed, suggesting short-selling might not have played as large a role as suspected in earlier declines, reports...

Hedge Funds in Hot Seat After Market Plunge

Plunging stock prices, redemptions coincide to deal industry a one-two punch

(Newser) - At a time when markets need their money more than ever, the $2-trillion hedge fund industry could fall victim to bad timing, as yesterday's plunge coincides with today’s deadline for many investors to withdraw before year’s end, the Wall Street Journal reports. Funds may be forced to sell...

Hedge-Fund Exodus May Add to Woes
 Hedge-Fund Exodus 
 May Add to Woes 
ANALYSIS
Sep 29, 2008 9:43 AM CDT

Hedge-Fund Exodus May Add to Woes

Deadline looms tomorrow for investors to bail from already-struggling market

(Newser) - Hedge funds are bracing for a major test of wills tomorrow, the deadline for investors to withdraw from the funds for the rest of the year, the New York Times reports. A spate of withdrawals could cause a cascade of flight from the $2 trillion industry, which has seen its...

Wolfe: Stars Went to Hedge Funds Long Ago

Tom Wolfe watches as the Masters of the Universe flee New York for Greenwich hedges

(Newser) - Tom Wolfe has been fielding a lot of questions about where the Wall Street crisis leaves the Masters of the Universe now, writes the author of the seminal book about the excesses of 1980s traders in the New York Times. But, he notes, the real investment banking superstars left for...

Pickens' Own Energy Funds Down $1B

Oil magnate's plan for own investments not so sharp

(Newser) - T. Boones Pickens' energy plan might need some tweaking —at least when it comes to his own investments. Even as the billionaire campaigns for his energy independence proposal, his energy-focused hedge funds have lost about $1 billion this year, the Wall Street Journal reports. “It's my toughest run...

Hedge Funds Poised to Profit as Banks Shun Risk

Private equity eyes trading territory ceded by changes at Goldman, Morgan Stanley

(Newser) - With the last two large US investment banks going commercial in an effort to stay afloat, private-equity and hedge funds are stepping into the void, the Wall Street Journal reports. Taking on roles previously filled by the likes of Goldman Sachs and Morgan Stanley, hedge funds like Citadel and private-equity...

Tough Times Ground Hedge Fund High-Fliers

Specialized investment industry dragged back to earth by shaky market

(Newser) - The recent market turmoil has taken a good deal of the shine off of hedge funds, as managers are unable to reproduce their heretofore exemplary results in poor market conditions, the New York Times reports. The average hedge fund lost 4% this year, the worst overall results in the industry’...

Harvard's Endowment Shines in Tough Financial Year

$35B fund sees modest 7%-9% growth

(Newser) - Harvard’s endowment did better than most in the down market, reports the Wall Street Journal. The $35 billion fund, which ended its fiscal year in June, earned 7% to 9%. “That would be easily the best performer among the foundations and endowments that we track," says a...

Yoga Helping Traders Bear Market Tumult

High finance may seem incompatible, but practice is booming

(Newser) - The yoga industry is doing big business on the financial market as bankers and traders look for ways to take a step back and rise above the whirlwind, the Wall Street Journal reports. Life in the market “is the antithesis of what yoga is about in terms of inner...

First Half of '08 Worst Ever for Hedge Funds

0.75% drop is a record for industry that's only reported 1 losing year

(Newser) - Hedge funds have fallen an average of 0.75% in the first half of 2008, the worst yearly start for the industry since Hedge Fund Research began collecting data in 1990. Even 2002, the only year on record in which the $1.9 trillion industry lost money, was sunnier. "...

Hedge Funds Turn Bullish on Lobbying

As Congress ponders new taxes, regulations, industry opens wallet

(Newser) - The hedge-fund industry is stepping up its lobbying efforts, Politico reports, having belatedly realized how tempting a target it presents to cash-strapped politicians. Facing attacks from both sides of the aisle for their tax-free offshore accounts and lightly taxed incomes, hedge funds upped lobbying spending to $1.9 million last...

Bridge 'Suicide' Ruled Fugitive
 Bridge 'Suicide' Ruled Fugitive 
Jun 17, 2008 3:57 AM CDT

Bridge 'Suicide' Ruled Fugitive

Hedge fund founder on the lam: marshals

(Newser) - A New York hedge fund manager who bilked investors out of $400 million has been declared a fugitive by federal authorities, reports Bloomberg. "Suicide has been ruled out,'' said a spokesman for the US Marshals Service. Samuel Israel disappeared the day he was scheduled to begin a 20-year...

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