BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Managed Account Allocations to Surge in 2010]]>http://www.bloggingstocks.com/2010/02/10/managed-account-allocations-to-surge-in-2010/http://www.bloggingstocks.com/2010/02/10/managed-account-allocations-to-surge-in-2010/http://www.bloggingstocks.com/2010/02/10/managed-account-allocations-to-surge-in-2010/#commentsFiled under:

Investors are getting down with managed accounts this year. This approach is "clearly becoming more mainstream," alternative investment research firm Preqin reports, with 16% of the 50 institutional investors it surveyed using them within their portfolios. Another 23% are considering an allocation to managed accounts in 2010. Several reasons were cited, including greater transparency (41%), better liquidity terms (22%) and increased regulatory oversight (22%), which were the three most common reasons cited.

Continue reading Managed Account Allocations to Surge in 2010

Managed Account Allocations to Surge in 2010 originally appeared on BloggingStocks on Wed, 10 Feb 2010 14:45:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Alternative investmentsAlternativeInvestmentshedge fundHedge fundsHedgeFundHedgeFundsinthenewstransparencytransparentWed, 10 Feb 2010 14:45:00 EST<![CDATA[Hedge fund manager John Paulson rakes in $45.3 million in a gold trade]]>http://www.bloggingstocks.com/2009/12/04/hedge-fund-manager-john-paulson-makes-45-3-million-in-a-gold-tr/http://www.bloggingstocks.com/2009/12/04/hedge-fund-manager-john-paulson-makes-45-3-million-in-a-gold-tr/http://www.bloggingstocks.com/2009/12/04/hedge-fund-manager-john-paulson-makes-45-3-million-in-a-gold-tr/#commentsFiled under: ,

There's nothing like a quick profit. Hedge fund manager, John Paulson, made $45.3 million in five weeks in a single gold trade. Bloomberg reports he owns 10.3 million shares of Detour Gold (DRGDF). Since purchasing the shares in October, they soared 35% to close at CAD $18 per share in Toronto.

Paulson, who manages $30 billion, has invested heavily in several gold companies. He is the largest shareholder of Anglo Gold Ashanti Ltd. (AU) with 12% of the company's stock. He also has stakes in Kinross Gold Corp (KGC) and Gold Fields Ltd. (GFI).

Continue reading Hedge fund manager John Paulson rakes in $45.3 million in a gold trade

Hedge fund manager John Paulson rakes in $45.3 million in a gold trade originally appeared on BloggingStocks on Fri, 04 Dec 2009 10:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>auDRGDFGBRRFgfigoldhedge fundsHedgeFundsJohn PaulsonJohnPaulsonkgcFri, 04 Dec 2009 10:40:00 EST<![CDATA[Are hedge fund managers stretching the truth?]]>http://www.bloggingstocks.com/2009/10/14/are-hedge-fund-managers-stretching-the-truth/http://www.bloggingstocks.com/2009/10/14/are-hedge-fund-managers-stretching-the-truth/http://www.bloggingstocks.com/2009/10/14/are-hedge-fund-managers-stretching-the-truth/#commentsFiled under: ,

Out of every five hedge fund managers, one is prone to fibbing, according to research from NYU's Stern School of Business. This is likely to pour salt in the wound of an industry that's been in rough shape for the past year. And, it'll probably add a bit more pressure for transparency.

The NYU report uses data from 444 due diligence reports that investors commissioned from 2003 to 2008. The research team put the information against the test of reality to see where the differences are. The most common stretch of the truth was the amount of their own money the managers put into their hedge funds, fund performance and regulatory and legal histories. One fund inflated its assets under management by $300 million, while another wasn't up front about one of its partner's legal records (he had stolen a Chinese junk).

Continue reading Are hedge fund managers stretching the truth?

Are hedge fund managers stretching the truth? originally appeared on BloggingStocks on Wed, 14 Oct 2009 10:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>business schoolbusiness schoolsBusinessSchoolBusinessSchoolsfeaturedfund managersFundManagershedge fundhedge fund managementhedge fund managershedge fundsHedgeFundHedgeFundManagementHedgeFundManagersHedgeFundsnew york universityNewYorkUniversitynyusternWed, 14 Oct 2009 10:00:00 EST<![CDATA[James Simons: Legendary hedge fund pro calls it quits]]>http://www.bloggingstocks.com/2009/10/09/james-simons-legendary-hedge-fund-pro-calls-it-quits/http://www.bloggingstocks.com/2009/10/09/james-simons-legendary-hedge-fund-pro-calls-it-quits/http://www.bloggingstocks.com/2009/10/09/james-simons-legendary-hedge-fund-pro-calls-it-quits/#commentsFiled under: ,

In the hedge fund business, there are many who can post a few years of strong gains. But how many can beat the averages for three decades?

Well, it's a rare feat. And, it means you'll be a billionaire.

This has been the case with James Simons, who is the leader of Renaissance Technologies. However, according to a recent letter to investors, he plans to retire by the end of the year. He is 71 years old.

Over the past couple years, Simons has been loosening the reins at the firm, so as to provide for a smooth transition. Actually, in his place will be co-CEOs: Bob Mercer and Peter Brown.

Continue reading James Simons: Legendary hedge fund pro calls it quits

James Simons: Legendary hedge fund pro calls it quits originally appeared on BloggingStocks on Fri, 09 Oct 2009 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Hedge FundsHedgeFundsinthenewsJames SimonsJamesSimonsRenaissance TechnologiesRenaissanceTechnologiesFri, 09 Oct 2009 10:30:00 EST<![CDATA[Atticus to cut two of three hedge funds]]>http://www.bloggingstocks.com/2009/08/12/atticus-to-cut-two-of-three-hedge-funds/http://www.bloggingstocks.com/2009/08/12/atticus-to-cut-two-of-three-hedge-funds/http://www.bloggingstocks.com/2009/08/12/atticus-to-cut-two-of-three-hedge-funds/#commentsFiled under: ,

What began as a $6 million endeavor in 1996 is coming to a (partial) close. Atticus Capital is shuttering two of its three hedge funds and is returning $3 billion to shareholders. The move is strictly a personal one, according to CEO Timothy Barakett in a letter to investors. Atticus is slicing its flagship fund and a smaller one, but is keeping its European Fund, which has $1.2 billion under management.

Prevailing market conditions led Barakett to begin liquidating many of the Atticus Global portfolio's holdings, an effort he expects to be complete by the end of September. Investors can expect to receive around 95% of their money in early October, with the rest being disbursed after the fund's final audit later in the year.

Continue reading Atticus to cut two of three hedge funds

Atticus to cut two of three hedge funds originally appeared on BloggingStocks on Wed, 12 Aug 2009 09:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>atticusatticus capitalAtticusCapitalBarakettfinancial crisishedge fundhedge fund managershedge fundsHedgeFundHedgeFundManagersHedgeFundsinthenewsphilanthropyrecessionWed, 12 Aug 2009 09:00:00 EST<![CDATA[Ponzi manager pleads guilty and settles civil charges]]>http://www.bloggingstocks.com/2009/06/26/ponzi-manager-pleads-guilty-and-settles-civil-charges/http://www.bloggingstocks.com/2009/06/26/ponzi-manager-pleads-guilty-and-settles-civil-charges/http://www.bloggingstocks.com/2009/06/26/ponzi-manager-pleads-guilty-and-settles-civil-charges/#commentsFiled under:

Hedge fund manager Michael Regan has pleaded guilty to running a Ponzi scheme. Manager of the Massachusetts-based River Stream Fund, he admitted to defrauding around 70 investors. The fund held just shy of $20 million in assets ... despite the relatively meager $101,600 sitting in its accounts. The fund purported to return 20 percent a year since 2001, paying out $9 million in "profits" and returned capital.

Continue reading Ponzi manager pleads guilty and settles civil charges

Ponzi manager pleads guilty and settles civil charges originally appeared on BloggingStocks on Fri, 26 Jun 2009 15:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>fraudfraud investigationFraudInvestigationfraudshedge fundhedge fund collapsehedge fundsHedgeFundHedgeFundCollapseHedgeFundsinthenewsmassachusettsponziponzi schemeponzi schemesPonziSchemePonziSchemessecsecurities and exchange commissionSecuritiesAndExchangeCommissionFri, 26 Jun 2009 15:00:00 EST<![CDATA[Hedge fund goes public . . . through the backdoor]]>http://www.bloggingstocks.com/2009/06/05/hedge-fund-goes-public-through-the-backdoor/http://www.bloggingstocks.com/2009/06/05/hedge-fund-goes-public-through-the-backdoor/http://www.bloggingstocks.com/2009/06/05/hedge-fund-goes-public-through-the-backdoor/#commentsFiled under: ,

Since early 2007, it's been rough for the shareholders of Cowen Group Inc (NASDAQ: COWN), a mid-tier investment bank. The company's stock price has gone from $20 to low of $3.54.

But lately, Cowen's stock price has perked up, primarily because of takeover overtures. For example, there was an offer from Rodman & Renshaw at $7 per share.

However, this was rebuffed. Instead, yesterday Cowen agreed to a so-called "reverse merger" with hedge fund Ramius LLC, which will own 71% of the new entity. On the news, Cowen's shares increased 37%.

Continue reading Hedge fund goes public . . . through the backdoor

Hedge fund goes public . . . through the backdoor originally appeared on BloggingStocks on Fri, 05 Jun 2009 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>cowencownHedge FundsHedgeFundsinthenewsInvestment BankingInvestmentBankingRamiusFri, 05 Jun 2009 12:30:00 EST<![CDATA[Is the world's most successful hedge fund under SEC investigation?]]>http://www.bloggingstocks.com/2009/05/15/is-the-worlds-most-successful-hedge-fund-under-sec-investigatio/http://www.bloggingstocks.com/2009/05/15/is-the-worlds-most-successful-hedge-fund-under-sec-investigatio/http://www.bloggingstocks.com/2009/05/15/is-the-worlds-most-successful-hedge-fund-under-sec-investigatio/#commentsFiled under: ,

It certainly appears that way. WSJ picks up on dissent among investors in Renaissance Technologies, a massive quantitative hedge fund run by the highly secretive geek James Simons. Observers have been wondering how Renaissance's in-house Medallion Fund has managed to continue to outperform the stock market handily while funds open to outside investors have performed miserably. Simons' outside investors funds were apparently obliterated in the massive short squeeze also known as the most recent bear market bounce.

Continue reading Is the world's most successful hedge fund under SEC investigation?

Is the world's most successful hedge fund under SEC investigation? originally appeared on BloggingStocks on Fri, 15 May 2009 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>hedge fundsHedgeFundsJames SimonJamesSimonMedallion FundMedallionFundRenaissance TechnologiesSECFri, 15 May 2009 14:00:00 EST<![CDATA[Hedge funds break off talks with Treasury Department about Chrysler debt]]>http://www.bloggingstocks.com/2009/04/30/hedge-funds-break-off-talks-with-treasury-department-about-chrys/http://www.bloggingstocks.com/2009/04/30/hedge-funds-break-off-talks-with-treasury-department-about-chrys/http://www.bloggingstocks.com/2009/04/30/hedge-funds-break-off-talks-with-treasury-department-about-chrys/#commentsFiled under: ,

Early this morning, the Associated Press reported that talks between Chrysler's lenders and the Treasury Department had "disintegrated." The parties were trying to lower Chrysler's $6.9 billion in secured debt, a move that many hoped would stave off bankruptcy.

It appears that the hedge funds (roughly 40 of them) that hold roughly 30% of Chrysler's debt are looking for a deal better than the one struck between the banks and the government. The four banks that hold 70% of the automaker's debt agreed to erase that debt for $2 billion -- the hedge funds want more.

Continue reading Hedge funds break off talks with Treasury Department about Chrysler debt

Hedge funds break off talks with Treasury Department about Chrysler debt originally appeared on BloggingStocks on Thu, 30 Apr 2009 08:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>automakerautomakersbankruptcychapter 11Chapter11ChryslerChrysler LLCChryslerLlcfeaturedFiathedge fundsHedgeFundsThu, 30 Apr 2009 08:20:00 EST<![CDATA[Family Dollar: Cheap stock for beating Wall Street?]]>http://www.bloggingstocks.com/2009/04/08/family-dollar-cheap-stock-for-beating-wall-street/http://www.bloggingstocks.com/2009/04/08/family-dollar-cheap-stock-for-beating-wall-street/http://www.bloggingstocks.com/2009/04/08/family-dollar-cheap-stock-for-beating-wall-street/#commentsFiled under: , , , ,

Family Dollar (NYSE: FDO) has had quite a run. Over the year shares in the super discount store chain have risen by roughly 65%, rising from just under $20 on April 7, 2008 to a closing price of just over $33 on April 6, 2008. The obvious reason is the awful economy.

Earnings later this morning are hotly anticipated. Our Piqqem Sentiment for Family Dollar is positive but beginning to trend down. Will cheap keep beating the Street?

Continue reading Family Dollar: Cheap stock for beating Wall Street?

Family Dollar: Cheap stock for beating Wall Street? originally appeared on BloggingStocks on Wed, 08 Apr 2009 07:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>discount storesDiscountStoresdltrfdohedge fundsHedgeFundswalmartwmtWed, 08 Apr 2009 07:00:00 EST<![CDATA[Will $1 trillion toxic waste plan enrich hedge fund billionaires?]]>http://www.bloggingstocks.com/2009/03/25/will-1-trillion-toxic-waste-plan-enrich-hedge-fund-billionaires/http://www.bloggingstocks.com/2009/03/25/will-1-trillion-toxic-waste-plan-enrich-hedge-fund-billionaires/http://www.bloggingstocks.com/2009/03/25/will-1-trillion-toxic-waste-plan-enrich-hedge-fund-billionaires/#commentsFiled under:

On Monday, the stock market rose 498 points -- a move that many attributed to the announcement over the weekend of a plan to buy $1 trillion in toxic waste that uses government loans to lure investors -- such as hedge funds -- into buying extremely risky securities.

That sounds like the same thing that got us into the financial crisis in the first place. It also sounds like the sort of thing that hedge funds do for a living -- and those hedge funds are making a handful of skilled people into billionaires.

Continue reading Will $1 trillion toxic waste plan enrich hedge fund billionaires?

Will $1 trillion toxic waste plan enrich hedge fund billionaires? originally appeared on BloggingStocks on Wed, 25 Mar 2009 13:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>executive payExecutivePayfeaturedhedge fundsHedgeFundsJames SimonsJamesSimonsJohn PaulsonJohnPaulsonpublic-private investment progPublic-privateInvestmentProgtoxic wasteToxicWasteWed, 25 Mar 2009 13:20:00 EST<![CDATA[Hedge fund investors trying something new: Due diligence]]>http://www.bloggingstocks.com/2009/03/23/hedge-fund-investors-trying-something-new-due-diligence/http://www.bloggingstocks.com/2009/03/23/hedge-fund-investors-trying-something-new-due-diligence/http://www.bloggingstocks.com/2009/03/23/hedge-fund-investors-trying-something-new-due-diligence/#commentsFiled under:

When looking at hedge funds, an investor will check out a variety of risk measures. But over the years, there was something that was often overlooked: fraud.

However, as the credit markets seized up, we discovered that there were some shady hedge fund operators. Of course, the biggest example was Bernard Madoff, whose Ponzi scheme may have reached as high as $65 billion.

As should be no surprise, investors are now conducting investigations and background searches on hedge funds. Good idea, huh? Unfortunately, it's too late for many investors.

Continue reading Hedge fund investors trying something new: Due diligence

Hedge fund investors trying something new: Due diligence originally appeared on BloggingStocks on Mon, 23 Mar 2009 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Hedge FundsHedgeFundsMon, 23 Mar 2009 12:30:00 EST<![CDATA[Doomsday Scenario: Hedge funds front running clients, Twitter bubble peaks]]>http://www.bloggingstocks.com/2009/03/20/doomsday-scenario-hedge-funds-front-running-clients-twitter-bu/http://www.bloggingstocks.com/2009/03/20/doomsday-scenario-hedge-funds-front-running-clients-twitter-bu/http://www.bloggingstocks.com/2009/03/20/doomsday-scenario-hedge-funds-front-running-clients-twitter-bu/#commentsFiled under: , , , ,

It's Friday, and a big storm is approaching the West Coast, a fitting end to a wild week. The SEC is investigating whether certain hedge funds allowed employees and favored clients to redeem their money before less favored clients. If allegations are true, then this gives new meaning to the term "front running", and should prove a great way to rebuild the reputation of an industry already viewed as having questionable ethics.

Continue reading Doomsday Scenario: Hedge funds front running clients, Twitter bubble peaks

Doomsday Scenario: Hedge funds front running clients, Twitter bubble peaks originally appeared on BloggingStocks on Fri, 20 Mar 2009 15:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ackmanbankruptcyfront runnerFrontRunnergeneral growthgeneral growth propertiesGeneralGrowthGeneralGrowthPropertiesGGPhedgehedge fundsHedgeFundshome pricesHomePriceshousingmallsnorthern californiaNorthernCaliforniareal estateRealEstateFri, 20 Mar 2009 15:50:00 EST<![CDATA[Doomsday Scenario: Hedge fund jobs evaporate, but are big banks really back?]]>http://www.bloggingstocks.com/2009/03/10/doomsday-scenario-hedge-fund-jobs-evaporate-but-are-big-banks/http://www.bloggingstocks.com/2009/03/10/doomsday-scenario-hedge-fund-jobs-evaporate-but-are-big-banks/http://www.bloggingstocks.com/2009/03/10/doomsday-scenario-hedge-fund-jobs-evaporate-but-are-big-banks/#commentsFiled under: , , ,

Sorry, hedgies. Headhunters think you have another 20,000 job losses ahead in 2009, representing a 10% industry contraction. As if it wasn't bad enough that your base salaries were getting hammered.

Yet Vikram Pandit shocked with news that Citigroup, Inc. (NYS: C) may run a profit. The question -- for how long? Credit cards, commercial real estate, and many other shoes still dropping. Our Piqqem Sentiment on TARP recipients shows neutral across the board, so could Vik be right, and could it be that the gloom is lifting? Has TARP really been great coverage?

Continue reading Doomsday Scenario: Hedge fund jobs evaporate, but are big banks really back?

Doomsday Scenario: Hedge fund jobs evaporate, but are big banks really back? originally appeared on BloggingStocks on Tue, 10 Mar 2009 17:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPLbanking stocksBankingStocksCCitigroupHBChedgehedge fundsHedgeFundsPALMsmartphonesTARPTue, 10 Mar 2009 17:40:00 EST<![CDATA[Doomsday Scenario: Rotten Apple, hedge fund lies, bad case of natural gas]]>http://www.bloggingstocks.com/2009/03/06/doomsday-scenario-rotten-apple-hedge-fund-lies-bad-case-of-na/http://www.bloggingstocks.com/2009/03/06/doomsday-scenario-rotten-apple-hedge-fund-lies-bad-case-of-na/http://www.bloggingstocks.com/2009/03/06/doomsday-scenario-rotten-apple-hedge-fund-lies-bad-case-of-na/#commentsFiled under: , , , , , ,

Apple, Inc. (NASDAQ: AAPL) is a company with $31 per share in cash on hand that just can't get a break. Analysts have begun downgrading the stock on fears that sales of Macs and iPhones will slow. As Apple hadn't been beaten down enough, shares dove today. Sentiment on Apple is rapidly deteriorating.

Meanwhile, Hedge Fund Research, a company that tracks hedge fund returns, released its February stats for how the hedgies performed. According to HFR, the hedgies beat the market soundly, losing only 0.5% in the month.

Continue reading Doomsday Scenario: Rotten Apple, hedge fund lies, bad case of natural gas

Doomsday Scenario: Rotten Apple, hedge fund lies, bad case of natural gas originally appeared on BloggingStocks on Fri, 06 Mar 2009 17:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Appleconsumerhedge fundsHedgeFundsnatural gasstatisticsFri, 06 Mar 2009 17:40:00 EST<![CDATA[Doomsday Scenario: Could Warren Buffett be wrong?]]>http://www.bloggingstocks.com/2009/03/04/doomsday-scenario-could-warren-buffet-be-wrong/http://www.bloggingstocks.com/2009/03/04/doomsday-scenario-could-warren-buffet-be-wrong/http://www.bloggingstocks.com/2009/03/04/doomsday-scenario-could-warren-buffet-be-wrong/#commentsFiled under: , , , , , , , ,

Here's the latest PM dose of happy doom. Tyler over at ZeroHedge points out that CDS (credit default spreads) on Berkshire Hathaway are hitting all time highs, implying that the risks Berkshire's (NYS: BRK.B) robust cash machine could break down (and even default at some point) are rising fast. Piqqem Sentiment on Berkshire B-class shares is negative, natch, after Buffett's recent mea culpa for losing money last year. If Buffett has lost his mojo, then does anyone have any magic left?

Continue reading Doomsday Scenario: Could Warren Buffett be wrong?

Doomsday Scenario: Could Warren Buffett be wrong? originally appeared on BloggingStocks on Wed, 04 Mar 2009 17:37:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>buffettbuffett stocksBuffettStockshedge fundsHedgeFundsrecessionWed, 04 Mar 2009 17:37:00 EST<![CDATA[Want to buy a second-hand hedge fund? Come to SecondMarket]]>http://www.bloggingstocks.com/2009/02/27/want-to-buy-a-second-hand-hedge-fund-come-to-secondmarket/http://www.bloggingstocks.com/2009/02/27/want-to-buy-a-second-hand-hedge-fund-come-to-secondmarket/http://www.bloggingstocks.com/2009/02/27/want-to-buy-a-second-hand-hedge-fund-come-to-secondmarket/#commentsFiled under: , ,

"Did you go to Sally's yesterday (Salvation Army)? "Why yes, I bought a nice skirt and a matching blouse."

How about a second-hand hedge fund? A wild idea has been born by Second Market, which describes itself as the world's largest market place of illiquid assets.

Continue reading Want to buy a second-hand hedge fund? Come to SecondMarket

Want to buy a second-hand hedge fund? Come to SecondMarket originally appeared on BloggingStocks on Fri, 27 Feb 2009 14:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Barry SilbertBarrySilberthedge fundsHedgeFundsilliquid assetsIlliquidAssetsinthenewsSecond MarketSecondMarketFri, 27 Feb 2009 14:30:00 EST<![CDATA[Is Geithner trying to out-pander Paulson?]]>http://www.bloggingstocks.com/2009/02/20/is-geithner-trying-to-out-pander-paulson/http://www.bloggingstocks.com/2009/02/20/is-geithner-trying-to-out-pander-paulson/http://www.bloggingstocks.com/2009/02/20/is-geithner-trying-to-out-pander-paulson/#commentsFiled under:

Treasury Secretary Hank Paulson made his bones pleasing his former colleagues on Wall Street by using a chunk of $350 billion taxpayers' TARP to pay $16 billion in bonuses to the bankers who got us into this mess. But let's face it, bankers only make tens of millions in bonuses. The really big bucks -- that is the annual earnings in excess of $1 billion -- go the the hedge fund and private equity runners. And that's where Paulson's replacement is upping the ante.

Rather than pandering to bankers who will now have their salaries capped at $500,000 if they take TARP money, Tim Geithner is going to make $1 trillion of taxpayer money available to those hedge fund honchos at the very pinnacle of the Wall Street food chain. To be fair, not all that $1 trillion will come from Treasury. In the initial phase, the Treasury will provide just $20 billion and the Fed will provide $180 billion -- but the Treasury could increase its commitment to $100 billion to allow the Fed to lend up to $1 trillion.

Continue reading Is Geithner trying to out-pander Paulson?

Is Geithner trying to out-pander Paulson? originally appeared on BloggingStocks on Fri, 20 Feb 2009 11:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>geithnerhedge fundsHedgeFundsinthenewspaulsontalftarpFri, 20 Feb 2009 11:45:00 EST<![CDATA[Perry Capital's first loss in 20 years]]>http://www.bloggingstocks.com/2009/02/03/mea-culpa-perry-capital-s-first-loss-in-20-years/http://www.bloggingstocks.com/2009/02/03/mea-culpa-perry-capital-s-first-loss-in-20-years/http://www.bloggingstocks.com/2009/02/03/mea-culpa-perry-capital-s-first-loss-in-20-years/#commentsFiled under:

Founded in 1988, Perry Capital has posted a stunning investment track record. But, in 2008, there was no place to hide, as all asset classes broke down. And, as a result, Perry Capital posted its first annual loss in 20 years (down 27%).

Well, the NY Times was able to snag the firm's shareholder letter. And, it's pretty good reading.

First of all, Perry Capital actually made some good bets. For example, the fund went short on subprime securities.

Continue reading Perry Capital's first loss in 20 years

Perry Capital's first loss in 20 years originally appeared on BloggingStocks on Tue, 03 Feb 2009 12:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Hedge FundsHedgeFundsinthenewsPerry CapitalPerryCapitalprivate equityPrivateEquityTue, 03 Feb 2009 12:00:00 EST<![CDATA[Hedge funds lose more customers and the market faces more selling]]>http://www.bloggingstocks.com/2009/01/15/hedge-funds-lose-more-customers-and-the-market-faces-more-sellin/http://www.bloggingstocks.com/2009/01/15/hedge-funds-lose-more-customers-and-the-market-faces-more-sellin/http://www.bloggingstocks.com/2009/01/15/hedge-funds-lose-more-customers-and-the-market-faces-more-sellin/#commentsFiled under: ,

According to the FT, hedge funds bled out another $150 billion in assets in December. The paper reports "The size of the once lucrative industry has almost halved in the past year, to $1,000bn under management, according to data from TrimTabs Investment Research and Barclay Hedge."

That may be hard on the hedge funds and hard on the investors who took out much less money from the funds than they put in. It is harder on the stock market.

Both hedge funds and mutual funds have faced tens of billions of dollars in lost assets. Part of that is due to the market drop and part is due to investors who want to take their money and put it under their beds. But, for every redemption in equity funds, there is likely to be a sale of stocks from that fund. The selling, which seems to be accelerating, puts more downward pressure on the overall markets.

Many small investors have believed that hedge funds have an unfair edge. They have sophisticated traders and legions of analysts. The little guy with nothing but the stock tables can't keep up. Now the hedge funds are undermining that little guy again. They are selling into a market he keeps hoping will recover.

Douglas A. McIntyre is an editor at 24/7 Wall St.

Hedge funds lose more customers and the market faces more selling originally appeared on BloggingStocks on Thu, 15 Jan 2009 10:53:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>hedge fundsHedgeFundsinthenewsThu, 15 Jan 2009 10:53:00 EST