Hedge fund managers are having a hard time making a buck this year, unless they get a boost from a whole lot of market beta
The U.S. economy stands a 31% chance of double-dipping into recession in the next year.
The U.S. economy stands a 31% chance of double-dipping into recession in the next year.
TCW Asset Management has given investors in its Special Mortgage Credits Fund I and II until Feb. 19 to decide whether to liquidate their investments.
The demise of Ivy Asset Management apparently had been anticipated for some months by its employees.
A ranking of the world's largest hedge fund managers sharply illustrates the ravages the financial crisis wreaked on firms in the past two years
Hedge fund industry performance in 2009 was the best in a decade, according to Hedge Fund Research. The HFRI Fund Weighted Composite index returned 20.04% for the year ended Dec. 31, the industry's highest since the 31.29% return of the index in 1999.
Hedge funds produced positive returns for the seventh consecutive month in September, with the HFRI Fund Weighted Composite index gaining 3.02% for the month, according to data from Hedge Fund Research.
Institutional investors are examining every aspect of their fund-of-hedge-funds portfolios and the managers in charge of them in the wake of the performance debacle of 2008, liquidity problems and the seismic shock of Bernard L. Madoff's massive Ponzi scheme.
Highly secretive Renaissance Technologies Corp., hit by performance problems and huge redemptions in its largest open hedge fund, may concede greater transparency in the strategy for large institutional investors.