Articles and Video on Hedge Funds
HFR index returns through Q3
trueHFR said its fund-weighted composite fell for the fourth straight month in September, bringing the year-to-date return for the index to -1.35% through the third quarter.
Dyal Capital takes stake in Chenavari Capital Partners
trueDyal Capital Partners, the private equity business of money manager Neuberger Berman, is acquiring a passive minority interest in alternatives money manager Chenavari Capital Partners.
Bain Capital to liquidate absolute-return hedge fund after losses
trueBain Capital is liquidating its Absolute Return Capital hedge fund after more than three years of losses, citing a “challenging” environment for macro trading.
Supreme Court lets stand overturned insider-trading case decision
trueThe Supreme Court on Monday declined to revisit the federal insider trading case against hedge fund managers Todd Newman and Anthony Chiasson, whose convictions were overturned in December by the 2nd U.S. Circuit Court of Appeals in New York.
Nearly half of companies have no plan for fighting activist investor challenge — report
trueSome 46% of public company boards have no plan in place to respond to a challenge from an activist investor, said in a National Association of Corporate Directors report released Monday.
Managers get little bit of Seoul to work with giant Korea fund
trueHedge funds-of-funds firms are opening offices in Seoul this year as Korea's National Pension Service — the country's biggest, fastest growing pool of institutional capital — moves ahead with plans to make its first allocations to those investment vehicles.
Aurora darkened by direct investing push
trueAurora Investment Management LLC's assets under management in hedge funds of funds have declined precipitously, the victim — to some extent — of asset owners' decided preference for investing directly in hedge funds.
SEC wins in constitutional challenge to administrative law judge process
trueHouston hedge fund manager George Jarkesy Jr. on Tuesday lost his bid to stop an SEC administrative proceeding on constitutional grounds when a federal appeals court dismissed the case.
Barington Capital Group hires head of marketing
trueMarjorie Kaufman joined activist hedge fund manager Barington Capital Group as partner and head of marketing, Ms. Kaufman said in an e-mail.
Black River Asset Management to split into three employee-owned companies
trueBlack River Asset Management is splitting itself into three employee-owned investment boutiques.
Claren Road co-CIO to retire at end of the year
trueJohn Eckerson, co-founder and co-chief investment officer of hedge fund manager Claren Road Asset Management, will retire at the end of the year.
Canadian pension fund sues Saba Capital
truePublic Sector Pension Investment Board, Montreal, filed a lawsuit in New York State Supreme Court against hedge fund firm Saba Capital Management, accusing it of falsifying the value of bond holdings before the C$112 billion ($84.7 billion) pension fund sought to redeem a $500 million investment.
Average position overlap among hedge funds steady around 1.1%
trueThe average (long) position overlap in the hedge fund industry was about 1.1% in the second quarter of 2015, according to a report released Monday by research firm Symmetric. The average over the past 10 years is 1.2%.
Citadel losing longtime head of investor relations
trueScott Rafferty, Citadel's head of investor relations, says he plans to leave the firm at the end of the year.
Missouri Local Government Employees signs Bridgewater for portable alpha
trueMissouri Local Government Employees’ Retirement System hired Bridgewater Associates to run a $100 million portable alpha portfolio.