Hedge Fund News (127 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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The Time Hedge Fund Manager Eddie Lampert Was Kidnapped

A look back at the time that hedge fund manager Eddie Lampert was kidnapped and threatened with death.

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Bill Ackman To Reveal His Next Big Stake: Mondelez International

Bill Ackman of Pershing Square Capital Management has reportedly settled on his next big target - Mondelez International.

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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