One William Street Capital was founded by David Scherr, who worked for Lehman for 21 years.
During last year's fourth quarter, 288 new funds were launched and 154 funds were liquidated, according to HFR.
Carlyle group's David Rubenstein looks to help investors that suffered losses.
The New York-based hedge fund manager’s new public entity will be called has $11.5 billion in assets under management.
The Greenwich Global Hedge Fund Index rebounded in February, jumping 2.21% after January’s drop of 2.79%.
Despite a sinking stock market, investment research firm Morningstar Inc. is mapping plans to increase its product lineup in 2008.
Blackstone Group today announced fourth-quarter losses of $170 million, compared with a profit of $1.18 billion one year earlier.
The Hennessee Hedge Fund Index advanced 1.4% in February but remains down 1.2% for the first two months of the year.
Hedge fund assets grew by only 10% in the second half of the year, marking the smallest half-year increase since 2002.
The suits were filed in U.S District Court in Manhattan by the $58 million VCG Special Opportunities Master Fund.
Investors have seized two Bear Sterns hedge funds, in hopes that they will gain a chance to meet the company in court, according to the Financial Times.
Regulators and participants are strengthening market discipline but oversight is still needed, the report says.
At a time when recession fears are rattling the stock market, some financial advisers are looking to trees for growth.
Morningstar Inc.'s recent launch of a star-rating system for hedge funds is the ultimate move into the mainstream for an asset class that has long thrived as an exclusive alternative investment.
The composite Eurekahedge Hedge Fund Index fell 3.1% in January, the worst performance since the company began keeping data in January 2000.
The firm was “the unfortunate victim of misconduct by certain former employees,” according to a client letter.
At campaign stops, Sen. Hillary Clinton argued that hedge fund executives shouldn't be immune from certain taxes.
Investors are prohibited from withdrawing funds from CSO Partners.
