Hedge Fund News (125 Articles)



Citadel. SAC. Millenium.

Steven Cohen. Eddie Lampert. John Paulson.

The latest happenings from the murky world of the hedge fund industry. Frozen investor redemptions, outsized profits and stories of market manipulation. It's all here in the Hedge Fund News section.

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John Paulson's Disastrous Year Continues

John Paulson has had a disastrous year in 2011, as one of his biggest funds is reportedly down over 50% YTD.

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Is This It For John Paulson?

John Paulson has turned in an absolutely horrific year in 2011, leading many to wonder what the future holds for his firm.

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John Paulson Continues To Take a Beating in 2011

John Paulson's hedge funds continue to struggle. The struggles were compounded by a recent 20% drop in Hewlett Packard.

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Even The Best Make Mistakes

Earlier today it was revealed that Paulson and Co. Inc. had dumped the entirety of their stake in Sino-Forest Corp.

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Is John Paulson Losing His Magic Touch?

According to Reuters, one of John Paulson's largest funds is down 20% YTD.

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Top 25 Hedge Fund Managers Made a Combined $22.07 Billion in 2010

The 25 richest hedge fund managers in the world made over $22 billion last year, with uber-guru John Paulson leading the list.

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Bernard Madoff Speaks Out - "They Had To Know"

Bernard Madoff recently conducted an interview with a writer from the New York Times, in which he alleges that a number of firms were complicit in his fraud.

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Oops! Even Big Hedge Funds Can Make Mistakes Too

SAC Capital Advisors LP got stung in OREX just like many other investors - the hedge fund recently reported a new 7.2 percent stake in the company.

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Massive Insider Trading Bust Coming?

Federal authorities are reportedly concluding a 3 year investigation that may end up ensnaring some of the country's largest hedge fund investors and institutional firms.

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David Einhorn (Publicly) Sets His Sights on The St. Joe Company

David Einhorn of Greenlight Capital Partners publicly called out The St. Joe Company earlier this week, saying that JOE's balance sheet was misleading and inaccurate.

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Bridgewater Associates Tops List of Largest US Hedge Funds

Bridgewater Associates, according to AR Magazine, finished the first half of 2010 as the largest hedge fund in the United States.

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John Paulson Sends Investors Into a Frenzy

John Paulson had some sobering news for investors during a recent speech - double-digit inflation is coming to the United States, and coming soon.

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Adobe Burns A Number of (Previously) Enthusiastically Bullish Institutional Investors

A number of institutional investors upped their positions in Adobe during the first quarter, only to be rewarded with a massive drop during Wednesday's trading action.

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The Largest Holdings of Some of the World's Largest Institutional Investors

Where were some of the largest holdings of some of the largest institutional investors last quarter?

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Institutional Investors Continue To Be Indifferent Towards Yahoo!

Institutional investors continued to be indifferent towards Yahoo during the second quarter of 2010. Can the company recapture investors' imaginations going forward?

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Institutional Investors Conflicted on Goldman Sachs in Q2

Institutional investors were conflicted on whether or not to buy Goldman Sachs during Q2, especially with Goldman's settlement negotiations with the SEC still under way.

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Q2 Hedge Fund Report (Finally) Launches

The Davemanuel.com Q2 Hedge Fund report finally launched earlier today. The report contains information on the activities of 96 of the largest funds in the world.

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Stanley Druckenmiller Calls It Quits

Stanley Druckenmiller of Duquesne Capital Management has decided to shutter his fund after over 30 years in the industry.

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John Paulson Files His Q2 13F-HR: 20 New Positions Revealed

John Paulson, manager of Paulson and Co. Inc., was active during Q2 2010, buying 20 new positions and selling just 3.

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Is John Paulson's Magical Streak About To Come To An End?

According to Reuters, John Paulson's Advantage funds took a bit of a beating in June and are down for the year. Is this the end of John Paulson's magical multi-year streak?

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These 25 Stocks Were Not Popular With the Institutional Investor Crowd Last Quarter

These 25 stocks had the largest number of reductions to existing positions of the 97 funds that we track in our database last quarter.

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Institutional Investors Loved These Ten Stocks The Most Last Quarter..

Which ten stocks were most popular with institutional investors last quarter? Which ten stocks were added to the most last quarter?

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Institutional Investors Continue to Love (And Accumulate) JP Morgan Chase and Co.

Which stock was owned by 50 of the 97 hedge funds and other institutional investors that we track in our database last quarter? The answer? JP Morgan.

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SAC Capital Advisors LP Q1 Holdings Details

SAC Capital Advisors LP released their Q1/2010 13F-HR earlier this week. The filing contained a number of surprising moves for the company.

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Paulson & Co Inc Buys MGM Mirage, Sells Philip Morris

What was John Paulson and his firm, Paulson and Co Inc buying in the first quarter of 2010? What were they selling? Find out here.

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Did a Goldman Sachs Director Tip Off Raj Rajaratnam About Warren Buffett's Investment In The Company?

Did a Goldman Sachs director tip of the head of the Galleon Group hedge fund about Warren Buffett's investment in the company?

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John Paulson Turns Bullish

John Paulson, in a recent conference call with the investors in his fund, revealed that he has taken a much more bullish view of the US economy and real estate market.

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John Paulson Is NOT Being Targeted By The SEC In Goldman Sachs Probe

There has been plenty of false information circulated about the SEC's civil lawsuit against Goldman Sachs - one of the biggest is that John Paulson is also a target of the inquiry. This is not true.

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David Tepper of Appaloosa Management Made an Estimated $4 Billion in 2009

David Tepper of Appaloosa Management LP made an estimated 4 billion dollars after aggressively purchasing shares of the battered financial sector at the height of the market downturn in 2009.

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The Hedge Fund Industry Continues Its Comeback

The hedge fund industry continues to make a comeback in 2010, with 90 new hedge fund opening up their doors in the first quarter of the year.

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John Meriwether - Third Time's A Charm?

Third time's a charm for John Meriwether? He certainly hopes so, as the founder of LTCM will be looking to open up his third hedge fund in 2010.

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John Paulson's Four Billion Dollar Plus Long Positions

Paulson and Co. Inc. had a total of four long positions as of Q4/09 that were worth more than $1 billion. What were they?

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Harry Markopolos Destroys SEC in New Book

In his new book No One Would Listen: A True Financial Thriller, Harry Markopolos systematically dissects the SEC and exposes them to the world as incompetent and not capable of handing the task of enforcing the rules and regulations of the markets.

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A Peak Inside Paulson & Co LLC's Q4 13F-HR Filing

A peak inside the Form 13F-HR filing from Paulson and Co LLC from the fourth quarter of 2009. There were plenty of new positions opened, including in Apollo Group and 3Com.

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John Paulson's Latest Purchase - SuperMedia Inc.

John Paulson, through his Paulson and Co., Inc. investment firm, recently filed a 13-D in which it was announced that they had a 17.4 percent position in Supermedia, Inc.

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Citadel, SAC Capital Help Lead Resurgent Hedge Fund Industry Higher in 2009

The hedge fund industry came storming back in 2009, led by the likes of Paulson Advantage, SAC Capital and Citadel. The entire industry returned about 20 percent for the year.

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SAC Capital Now In the Crosshairs of the Government?

Feds will allegedly examine transactions made at SAC Capital thanks to a plea bargain agreement that was made with Richard Choo Beng Lee.

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Raj Rajaratnam of Galleon Group Hedge Fund Arrested on Insider Trading Charges

Raj Rajaratnam, who is the founder of the Galleon Group hedge fund, has been arrested on insider trading charges, along with five other prominent people.

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John Paulson: The World's Most Influential Hedge Fund Manager

John Paulson, without a doubt, is currently the most influential hedge fund manager in the world due to his extraordinarily accurate calls over the past couple of years.

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Bernard Madoff: I Can't Believe That I Wasn't Caught Sooner

During his first jailhouse interview, Bernard Madoff revealed to a couple of lawyers in attendance that he couldn't believe that his scheme wasn't uncovered earlier by the SEC.

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JWM Partners LLC To Shutter Its Doors

John Meriwether (of LTCM fame) recently announced that he will be shuttering another one of his funds, according to Bloomberg.com.

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Many Top Hedge Funds Are Off to Strong Starts in 2009

The hedge fund industry, which experienced an absolute drubbing in 2008, is on the upswing after the first five months of 2009.

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Arthur Samberg Decides to Shutter Pequot Capital Management Inc.

Pequot Capital Management announced earlier this month that it is shuttering its doors, citing the negative effects of an ongoing SEC investigation as the main reason.

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George Soros: "Economic Freefall Has Been Stopped"

George Soros, once of the most profitable traders who has ever lived, recently proclaimed that he believes that the downward trend in the global financial crisis is coming to an end.

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James Simons, John Paulson Top List of Highest-Earning Hedge Fund Managers in 2008

James Simons and John Paulson topped the list of the highest-earning hedge fund managers in 2008, as both were able to bank a total profit of over $2 billion dollars for themselves on the year.

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2009 Expected To Be Another Tough Year For Hedge Funds

A recent survey of well-heeled investors by Deutsche Bank would seem to indicate that there is a great deal more pain coming for the hedge fund industry in 2009, led by an increase in investor withdrawals.

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Some Hedge Funds Are Actually Considering A Lawsuit Against Porsche

Some of the hedge funds that sustained massive losses during the Volkswagen short squeeze of October 2008 may actually be considering a lawsuit against Porsche.

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Citadel Investment Group On The Comeback Trail?

Is the Citadel hedge fund back on the comeback trail? The company recently announced that it is resuming limited withdrawals, while its two biggest funds are up 6% in 2009.

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Paulson Advantage Plus Fund Up 37.6% in 2008

John Paulson had another big year in 2008, as his family of hedge funds turned in another strong performance, bucking an overall trend that saw many of the major hedge funds in the world suffer through terrible years. Paulson's Advantage Plus fund returne

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Boaz Weinstein Loses $1.8 Billion Dollars, Starts Hedge Fund

Boaz Weinstein, a formerly ultra-successful credit trader at Deutsche Bank AG, has announced that he will be leaving the firm after his group suffered through a $1.8 billion dollar loss in 2008.

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Harry Markopolos Testifies In Front of Congress

Harry Markopolos offered testimony to Congress earlier today, and the results (for the SEC) was not very pretty. Markopolos lambasted the agency, calling them overmatched and unable to detect any kind of substantial fraud.

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Hedge Fund Transparency Act of 2009 Introduced

The Hedge Fund Transparency Act of 2009 has been introduced by a Republican and Democrat senator, and many believe that regulation of the shadowy industry is imminent.

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John Paulson Strikes Again, Banks At Least $380 Million Dollars Shorting Royal Bank of Scotland

John Paulson, fresh off of his billions of dollars in profits betting against the US housing market, is at it again - the hedge fund manager made hundreds of millions of dollars shorting RBS.

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Morgan Stanley Analyst: Hedge Funds May Lose 37% Of Assets in 2009

A Morgan Stanley analyst claimed that the hedge fund industry may lose another 37% of its assets in 2009, which would drop the total number of assets under management to $750 billion dollars, down from $1.8 trillion in 2007.

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Harry Markopolos Completely Nailed The Madoff Fraud, But the SEC Did Nothing

A 19-page document that completely outlined the case against Bernard Madoff was recently made available to the public. How could the SEC have not shut Madoff down, based on this information?

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The SEC Issues Statement re: Madoff Scandal - We Messed Up

The SEC took the extraordinary step of admonishing themselves on Tuesday night, saying that they should have caught the Madoff fraud much easier. They also announced their intentions for an internal investigation at the SEC.

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Citadel Suspends Redemptions In Kensington and Wellington Funds

Citadel Investment Group announced late last week that they had frozen investor redemptions in their two largest funds, the Kensington and Wellington funds. This just caps a horrific year for the hedge fund giant.

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The Biggest Swindler of All-Time? Bernard L. Madoff

Bernard L. Madoff, once a respected money manager, has been arrested on charges of defrauding investors out of an estimated $50 billion dollars. How did this happen?

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Bill Fleckenstein to Close Short-Only Hedge Fund, Open Long-Short Fund

Bill Fleckenstein, well-known perma-bear, has announced that he is closing his short-only hedge fund and opening a new long-short fund.

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John Paulson Continues to Dominate

John Paulson, the man who correctly predicted that the housing market was going to collapse, is set to post another big year in 2008.

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Fortress Investment Group LLC Halts Redemptions From Its Drawbridge Global Macro Fund

Fortress Investment Group LLC Has Halted Redemptions From Its Drawbridge Global Macro Funds, after investors requested almost half of their money back.

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Citadel Investment Group LLC Continues To Struggle in November

Citadel Investment Group LLC continued to struggle in November, losing another 13% of its value in its two biggest funds, bringing the YTD total to a 47% loss. Can Citadel survive?

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BVI Global Fund Ltd (of Tudor Investment Corp) Temporarily Suspends Withdrawals

Tudor investment Corp. recently announced a plan to split their BVI Global Fund Ltd. into two separate funds, including the "Legacy" funds that would hold the firm's hard-to-sell assets.

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Satellite Asset Management LP Halts Client Withdrawals

Satellite Asset Management LP, founded in 1999 by three former employees of Soros Fund Management LP, has temporarily frozen investor withdrawal requests in three of its funds.

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Artemis Asset Management Ltd. Winding Down Their Artemis Absolute Return Hedge Fund

Artemis Asset Management Ltd. announced on Monday that they would be winding down operations of the Artemis Absolute Return Hedge Fund.

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Citadel's Kensington Global Strategies Fund, Wellington LLC Fund Have Their Counterparty Credit Ratings Cut by S&P

More bad news for Citadel today after S+P cut their ratings on Citadel's Kensington Global Strategies Fund and the Wellington LLC fund.

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$60 Billion Dollars in Hedge Fund Investor Redemptions in October

The hedge fund industry was rocked in October after investors pulled a total of $60 billion dollars of assets from the $1.7 trillion dollar industry.

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Citadel Continues to Deny, Deny, Deny

Is the Citadel Investment Group on the brink of collapse, or are other hedge funds spreading false rumors to hasten Citadel's fall?

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Icahn Enterprises GP Inc. Feeling the Pinch as Well

Carl Icahn and Icahn Enterprises LP have been forced to inject capital into Icahn Enterprises GP Inc. to deal with increased investor redemption demands.

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Platinum Grove Asset Management LP, Another Myron Scholes Hedge Fund, Is Struggling As Well

Platinum Grove Asset Management LP, a hedge fund co-founded by Myron Scholes, is down a reported 38% on the year.

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Blue Mountain Capital Management LLC Halts Redemptions in Its Blue Mountain Credit Alternatives Fund

Another hedge fund is under duress - this time it is the Blue Mountain Credit Alternatives Fund, which has temporarily halted investor redemptions. The fund has done much better than the hedge fund industry as a whole this year.

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HFRX Global Hedge Fund Index Down 19.6% YTD

The HFRX Global Hedge Fund Index is down nearly 20% on the year, offering a much grimmer picture of the under-siege hedge fund industry.

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Can the Citadel Investment Group Survive?

Can the Citadel Investment Group recover after sustained major losses in 2008? Rumors are swirling about the health of the multi-billion dollar fund.

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Hedge Fund Industry Posts Worst Month Since At Least 2000

The hedge fund industry posted its worst month since at least 2000 in September after succumbing to the falling global stock markets and credit contagion. The industry posted a one-month loss of 4.75% in September.

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Millenium Global Investments Closes Their Emerging Credit Fund

Millenium Global has closed their Emerging Credit Fund, citing the global economic meltdown and subsequent change in bank financing options as the reason.

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Christian Siva-Jothy Ignores Downturn in Hedge Fund Industry as His SemperMacro Fund Posts Large Gain in September

Christian Siva-Jothy and his SemperMacro fund posted an extremely strong gain in September as equity markets plunged. Siva-Jothy is a former head of proprietary trading at Goldman Sachs.

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Andrew Lahde Flips Wall Street The Bird, Rides Off Into Sunset

After posting a stunning 870% gain in 2007, Andrew Lahde has decided to close the door of his hedge fund permanently, but not without a few choice words for Wall Street.

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Some Notable Hedge Fund Heavyweights, Including Steven Cohen of SAC Capital Advisors, Liquidated Many of Their Positions in Recent Days

Many of the "heavyweights" in the hedge fund industry moved to heavy cash positions over the past few days, which surely contributed to last's weeks slaughter in the stock market.

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John Paulson Forced to Reveal His Big Short Positions in UK Banks

John Paulson has been forced by the Financial Services Authority in the UK to reveal his short positions in publicly listed UK banks.

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The Church of England Attacks Short-Sellers and Debt Traders

The Church Of England Launched a Surprising Attack Against Short-Sellers, Calling Them "Grave Robbers" and "Asset Strippers"

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British Ban on Short Selling Will Prove To Be Disastrous For Some Hedge Funds

The FSA ban against short-selling in certain firms will leave many hedge funds scrambling.

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SEC Might Require Hedge Funds to Disclose Short Positions?

Proposed SEC Legislation Would Require Major Hedge Funds To Disclose Their Short Positions

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Soros Fund Management LLC Has Large Exposure to Lehman Brothers

Just like when Bear Stearns plunged earlier in the year, Lehman Brothers is plunging and stingi...

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RK Capital Management LLP Down As Much as 30% in August

RK Capital Management fell as much as 30% in August due to the stunning decline in commodities prices.

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Mark "Goldfinger" McGoldrick to Run His Own Hedge Fund

Mark "Goldfinger" McGoldrick has announced that he will be launching a new five billion dollar special situations hedge fund.

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Hedge Fund Capital Inflows Have Slowed to a Trickle in 2008

Hedge fund capital inflows are slowing down at an alarming rate, due to the drop-off in the real estate market and the subprime mortgage meltdown.

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Ospraie Management LP Is Shutting Its Ospriae Fund

Ospraie Management announced earlier this week that they would be closing their Ospraie commodity fund due to heavy losses.

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Atticus Capital Has Lost Over Five Billion Dollars in 2008

According to various sources (Forbes, Reuters and others), activist hedge fund Atticus Capital has d...

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What is the High Water Mark as It Applies to Hedge Funds?

This is a term that you have probably heard mentioned (if you follow the world of hedge funds), but ...

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Altor Equity Partners Closes Three Billion Dollar Altor Fund III

Despite "turbulent fundraising markets", Altor Equity Partners have successfully closed their third ...

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Tudor Investment Tensor Fund Up Nineteen Percent YTD

Tudor Investment's Tensor Fund is currently up almost 19% YTD according to an article in the New Yor...

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Ron Insana Closing Insana Capital Partners "Legends" Hedge Fund

The idea was a simple one.

Ron Insana would open a hedge fund called "Legends". The hedg...

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Harbinger Capital Partners Funds Raises Stake in Cablevision

Things are about to get a bit more interesting for Cablevision and its management - it was revealed ...

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Andor Capital Management LLC Shutting Its Doors

It's the end of an era as Andor Capital Management LLC has announced that it will...

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BP Capital Drops in July

BP Capital, the hedge fund run by famed investor T. Boone Pickens, suffered a 35% drop in the commod...

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Chinese Hedge Fund Manager Shells Out $2.1 Million for Lunch Date with Warren Buffett

Warren Buffett is without a doubt the best investor that ever lived.

But are his words o...

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Horizon Asset Management Down More Than 20 Percent in Q1 2008

The turbulent markets have exacted a toll on another extremely large family of funds, as Horizon Ass...

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Pardus Capital Management LP Halts Investor Redemptions

Another large, notable hedge fund has halted (temporarily) redemptions from its fund.

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John Meriwether Back in the News, For All of the Wrong Reasons

A John Meriwether fund is in trouble again.

John Meriwether doesn't...

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Brevan Howard Asset Management's Flagship Fund Up 17% in 2008

It's not all doom and gloom in the hedge fund industry right now. Even though there is a continuous ...

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Endeavor Capital Loses 27% In One Day

According to the Financial Times, Endeavor Capital, a three billion dollar London-based hedge fund, ...

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Paulson and Co. Continues Their Red-Hot Run

If you thought that Paulson and Co. was destined for a let-down after 2007's massive year, then John...

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Carlyle Capital Corporation Gets Pounded After Failing to Meet Margin Calls

Carlyle Capital Corporation touched off a wave of selling on Thursday, especially in mortgage real e...

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JP Morgan Tops List of Biggest US Hedge Fund Managers in 2007

Credit crunch? What credit crunch?

Even though three of the top ten largest hedge fun...

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Focus Capital is the Latest Hedge Fund Casualty

Focus Capital, a one billion dollar hedge fund (or at least, it used to be a one billion dollar hedg...

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Blue River Asset Management Avoids Collapse By Raising $100 Million in New Capital

Hedge fund firm Blue River Asset Management managed to avoid the fates of several other prominent he...

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Phil Goldstein of Bulldog Investors Fund Challenging SEC on Hedge Fund Advertising Laws

Phil Goldstein of the Bulldog Investors Fund is preparing to take on the SEC over the coming weeks o...

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Spy Wars? Elliott Management Corp Sues Cedar Hill Capital Partners LLC, Alleging "Corporate Espionage"

Elliott Management Corp has sued rival hedge fund Cedar Hill Capital Partners LLC, alleging that the...

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Peloton Partners LLP Asset Seizures A Sign of Things to Come for Hedge Funds?

Yesterday we told you that Peloton Partners had decided to shut down their "ABS Master Fund", a fund...

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Peloton Partners LLP To Shut Down ABS Fund; Halts Redemptions for Multi-Strategy Fund

Another day, another hedge fund casualty.

Today, the Wall Street Journal and Reuters ...

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Highbridge Capital Management LLC Turned in a Mixed Year in 2007

The world's largest manager of hedge funds, JP Morgan, saw its Highbridge funds turn in decidedly mi...

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Alan Greenspan Working as an Advisor for Paulson & Co? That's Just Wrong

Of all of the thousands of hedge funds that Alan Greenspan could have taken an advisory position wit...

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Paulson Credit Opportunities Fund - How the Fund Had Such an Explosive Year in 2007

In 2007, according to Bloomberg, the Paulson Credit Opportunities Fund returned almost 600%, finishi...

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Ten of the Top Performing Hedge Funds of 2007

In 2007, news of poorly performing hedge funds seemed to dominate the financial headlines. There was...

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Lahde Capital Up an Eye-Popping 1000% in 2007

Lahde Capital, a hedge fund run out of Santa Monica California by Andrew Lahde, has returned an abso...

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New Wave of Quant Fund Trouble Coming

I'm telling you right now - you are going to be hearing about another wave of quant fund selling and...

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Not All Hedge Funds Have Had Rough Years

You may think when you open up the Wall Street Journal or the business section of your local paper t...

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Breaking Down the Payout Structures of Most Hedge Funds

If you were ever wondering how hedge funds make money, then this article is for you.

...

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Want to Buy a Piece of Steven Cohen's SAC Capital? Here's Your Chance

When you talk about successful traders, and I mean, really successful traders, Stev...

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Quant Hedge Funds: How Did They Lose So Much Money?

Many people out there are probably confused when they hear about quant hedge funds taking huge losse...

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Goldman Sachs Global Equity Fund Gets 3 Billion Dollar Bailout

Goldman Sachs on Monday announced that they would be sinking $2 billion dollars of their own money i...

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Tykhe Capital: Some Funds Down as Much as 31% Month to Date

Sorry to pile on the bad news, but it's bad out there in quant land.

Tykhe Capital, w...

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Goldman Sachs Global Alpha Hedge Fund Down 26% in 2007

Is another major quant hedge fund about to bite the bullet?

Several investors in the ...

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Liquidation of Quant Hedge Fund Positions Behind Market Fluctuations?

This has not been a good year to run a quant hedge fund.

One after another, these "ma...

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Starting up a Hedge Fund: What are the Costs Involved?

To be sure, running a hedge fund sure sounds like an appealing job. The money, the power, the presti...

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