Investors Pulled $32 Billion from Hedge Funds in July
September 5, 2007, 7:12 am
For hedge funds, July, it seems, was the cruelest month. Until the August figures are released.
Hedge funds, with a combined $1.9 trillion in assets, in July posted the largest drop in investments in seven years, and a deeper slide could be seen in August, a research firm said on Monday. Redemptions for all hedge funds totaled $32 billion in July, according to the TrimTabs BarclayHedge Fund report, the largest amount since 2000....
dealbook.blogs.nytimes.com
BlueCrest closes fund after poor results
By James Mackintosh
Published: September 7 2007 20:42 | Last updated: September 7 2007 20:42
The market turmoil claimed another hedge fund casualty on Friday when BlueCrest, one of London’s biggest hedge funds with $11bn (£5.4bn) under management, decided to close its $550m Equity fund because of poor performance.....
ft.com
Citigroup to Shut Tribeca Hedge Fund, Expand Old Lane (Update3)
By Jenny Strasburg
Sept. 5 (Bloomberg) -- Citigroup Inc. will close its $2 billion Tribeca Global Investments LLC hedge fund and return money to clients five months after it agreed to buy investment manager Old Lane LP, which uses a similar strategy....
bloomberg.com
Global Advisors to Shut Two Commodity Hedge Funds (Update3)
By Saijel Kishan
Sept. 5 (Bloomberg) -- Global Advisors LP, the commodities hedge fund firm co-founded by former JPMorgan Chase & Co. energy trader Daniel Masters, is shutting two of its three funds after losses in all commodity markets this year....
bloomberg.com
Hedge fund manager Tobias found dead in Florida
Wed Sep 5, 2007 3:16pm ET
BOSTON, Sept 5 (Reuters) - Hedge fund manager Seth Tobias, who ran Circle T Partners LP, was found dead in his swimming pool early Tuesday morning, Florida police said on Wednesday....
today.reuters.com
SEC rule to tackle hedge fund fraud
Stephanie Baum
29 Aug 2007 updated on 30 Aug 2007 at 13:44
Hedge fund managers will face a new restriction when the Security and Exchange Commission’s anti-fraud rule goes into effect on September 10, against a backdrop of spectacular failures in the $1.5 trillion (€1.1 trillion) industry.
The five SEC commissioners in July voted unanimously to adopt a new rule clarifying hedge fund fraud. It prohibits advisers to investors in hedge funds as well as pooled investor vehicles from making false or misleading statements to investors or defrauding investors and prospective investors....
financialnews-us.com |
