Hedge Fund Roundup 5/18/2012
by Staff Writer on May 18, 2012
Lessons From a Hedge Fund Conference Every year, the Ira Sohn foundation invites a group of esteemed money managers to present investment ideas to raise money for pediatric cancer and other children’s illnesses. And every year, those ideas are picked over by investors like jackals around a carcass. For a first-time attendee at this year’s conference on May 16, a few things stood out after six hours of listening to some of the industry’s top figures.
Magnetar, Notorious Hedge Fund, Has Been In Trouble Many Times … Read More »
Hedge Fund Roundup 5/17/2012
by Staff Writer on May 17, 2012
Hedge Fund All-Stars Appearing at Yankee Stadium Yankee Stadium seems like the perfect setting for a meeting of the hedge fund industry’s heavy hitters. Turns out that will be the case Thursday when Goldman Sachs holds its annual hedge fund symposium at the home of the New York Yankees, according … Read More »
Hedge Funds News of The Day 5/15/2012
by Staff Writer on May 15, 2012
Hedge Fund Charity Raises US$22.8 Million One of the industry’s glitziest and most prominent charities raised £14.2 million (US$22.8 million) at its annual fundraiser in London. Absolute Return for Kids, better known as Ark, lauded the return as an “extraordinary show of … Read More »
Hedge Funds News of The Day 5/14/2012
by Staff Writer on May 14, 2012
BREAKING: Phil Falcone’s Failed Wireless Venture LightSquared Has Filed For Bankruptcy LIGHTSQUARED FILES FOR BANKRUPTCY. This has just been reported by Bloomberg. Lightsquared, of course, is the wireless venture of hedge funder Phil Falcone whose fund, Harbinger Capital, owns 96% of the telecom company. Falcone himself has put $3 billion … Read More »
Hedge Fund News of The Day 5/11/2012
by Staff Writer on May 11, 2012
Goldman Sachs Redeems $250M From HFs Investment bank Goldman Sachs has redeemed about $250 million from stakes in hedge funds. According to a Bloomberg article, New York-based Goldman took out its investments during the first quarter of 2012, leaving it … Read More »
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