Biden No Hedge Fund Lover
HedgeFund.Net – According to Joseph Biden, the hedge fund industry and private equity deserve the blame for the global credit crisis. The Delaware senator and running mate of Democratic presidential...
View ArticleObama adviser lobbied to protect Fannie
The Washington Times – A transition adviser to President-elect Barack Obama earned millions of dollars overseeing an office that led a lobbying effort to prevent increased oversight of mortgage giant...
View ArticleMain Citadel Hedge Funds Dropped Estimated 53% In ’08
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...
View ArticleMetLife Net Falls 12% on Losses From Hedge Funds, Real Estate
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...
View ArticleHedge-Fund Assets Set to Drop $192 Billion by March, UBS Says
Bloomberg – Hedge-fund assets will likely drop by about $192 billion this quarter after the industry posted record losses in 2008, according to estimates by UBS AG. Global assets will likely fall to...
View ArticleHedge Funds May Cut 20,000 Jobs as Losses Erode Fees
Hedge funds may cut 20,000 workers worldwide this year, a record 14 percent of the industry’s jobs, as investment losses and client withdrawals erode fees. The dismissals will come on top of the 10,000...
View ArticleHedge-Fund Pay May Fall 25% in 2009 as Fees Evaporate
Bloomberg – Compensation for U.S. hedge-fund employees may drop as much as 25 percent this year as the firms try to recoup last year’s investment losses. The decline will cut hedge-fund paychecks to...
View ArticleGoldman Sachs Boosts Risk-Taking at Fastest Pace on Wall Street
Bloomberg – Goldman Sachs Group Inc., unbowed by the securities industry’s worst year since the Great Depression, increased its trading bets at the fastest rate on Wall Street. Goldman Sachs’s...
View ArticleMost hedge fund strategies lost money in June -Lipper
Reuters UK – Most strategies employed by hedge fund managers globally failed to generate positivereturns in June as stock markets moved sideways and commodity prices slid during the month, according to...
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