hedge fund

Mr Obama said he rejected the idea that "asking a hedge fund manager to pay the same tax rate as a plumber or teacher is class warfare" .

Hildebrand is also a realist who spent the early years of his career working for a US hedge fund.

Investment bankers are losing their jobs or at least seeing their bonuses cut, and hedge-fund managers are going out of business.

It claims, for an additional fee, to be able to put together a portfolio of the best hedge-fund managers.

But if you make a 39% return on equity when everything goes right, what if things go wrong, and a hedge fund or two blows up in your face?

Bear had been the only big firm that refused to help out Long-Term Capital Management, a hedge fund that came close to the brink in 1998.

However, the two cities have continued to see their share of hedge fund assets slide.

Several of Morgan Stanley's hedge fund clientele said they were likely to return to the bank once markets stabilises.

Twenty years ago, if you wanted to run a hedge fund in the British Isles, you probably had to do it in London.

If this were just a case of hedge-fund managers and bankers spending their bonuses, then the bubble argument would have great power.

His subsequent hedge-fund work was one day a week.

He couldn't say precisely how much of the portfolio underlying the deal was designed by Paulson & Co. , the hedge fund betting on a decline.

Flamand is setting up his own hedge fund and a Goldman Sachs executive in London said last month that the firm supports Flamand's plan.

Apart from his university commitments, he works for a small hedge fund and runs his own investment company on the side.

And yet it turned out for the hedge fund that both markets were dominated by the same few investors.

He is now working for - you guessed it - a hedge fund.

Try to extract money from a hedge fund manager or the founder of a private equity fund and he loses all sense of proportion.

At the time of its near demise, it was not even a major money center bank, but a hedge fund with about 200 employees.

As an analysis tool, though, it puts absolute return back where it should be: at the heart of hedge fund management.

Since the collapse of Lehman Brothers, the number of hedge fund launches has fallen far from its peak.

A massive shake-out of the bloated hedge fund industry is likely in the next two years.

They need not do the bidding of every hedge fund manager with some options but good ideas ought to be taken seriously.

The heart of the document is one straightforward claim: that Goldman misrepresented the role played by Paulson & Co, a hedge fund.

Tracking hedge fund managers and shifting funds between them offers an alternative to tracking the markets for wealthy investors.

New York hedge-fund manager who made some of the biggest profits from the global credit crisis said yesterday that there was worse to come.

Hedge fund debt disaster Then there was the collapse of the Long-Term Capital Management hedge fund in 1998.

By working out the right combination of these factors, hedge-fund clones are able to offer theindustry's advantages at low cost.

They were willing to listen to slick hedge-fund managers who promised to make 30 percent a year on high velocity yak-hide arbitrage.

More telling though is the fact that the hedge fund business, as he indicates, hasn't been as much fun as of late.

Executives and hedge fund managers began bragging about compensation packages that would have been considered shameful a few decades before.

It was the greatest opportunity of his career, hedge fund manager John Paulson told investors in 2006.

Those returns contrast with a year-to-date gain of about 1% for the average hedge fund, though Tuesday, according to data tracker HFR Inc.

Mr. Rogers said he was called by a Japanese hedge-fund manager this week in whose fund he had invested.

For that minority which wants the security that hedging offers, the Asian hedge-fund record is still not compelling.

Zai, a veteran of the American housing bubble, currently works as an analyst for a New York-based hedge fund company.

"They need to strike the right balance between due process and a witch hunt, " said one hedge fund manager who asked not to be named.

Our coverage from Monte Carlo continues tomorrow with a look at how the recession has hit the hedge fund industry.

Traders and hedge-fund types are expected to scrap for every bit of momentary advantage to make their money.

Mukesh Ambani, the richest man in India, set up a joint venture with an American hedge fund to enter India's financial-services industry.

As a result of this regulation, oversight of hedge-fund activities will be greater, as will the cost of launching and operating a fund.

Apparently she makes them run a dummy hedge fund for a year and sees how they get on.

Is to promote sustainable economic development, to provide customers with added value and a hedge fund personal services important industry.

The next generation Bruce Wasserstein wants to run a hedge fund, not be a banker.

A former hedge-fund manager who made a fortune shorting stocks has switched to the long side, and is raking in money in the process.

Mr. Soros was a pioneer of the modern hedge fund and is one of the world's most well-known investors.

For a young man with no trading pedigree and no hedge fund experience, this investment was admission to the major leagues .

The burgeoning hedge fund and private equity industries are both a cause and a symptom of a dangerously lopsided America.

Markets have been able to absorb blows, including the $6bn collapse of the hedge fund Amaranth Advisors, without faltering.

"DSK was a politician and an economist who would push his own ideas, " says one hedge fund manager who monitors the IMF.

That is undeniably true: he has a degree in electrical engineering, a PhD in finance and was an investment banker and a hedge fund manager.

"THIS is going to be the next great trade, " one American hedge-fund executive effused early this year.

Volt Capital was designed to be a hedge fund, utilizing some of the AI expertise to analyze the stock market.

Hardly a week goes by without the implosion of a hedge fund.

For a small hedge fund, the annual fee may not be enough to pay the bills.

how pathetic that they cover their ignorance by blaming hedge-fund managers in London.

Prosecutors say Mr Gupta had a financial interest in the success of Galleon, Mr Rajaratnam's hedge fund, because he was an investor.

In this political climate, if everyone calmed down and hedge fund managers paid some more tax, that would be fair enough.

"You have to understand, " he told me, "Iceland is no longer a country. It is a hedge fund. "

George Soros, the hedge fund manager, said the Fed was "well behind the curve" .

The hedge fund Amaranth Advisers lost $6bn in September as the result of a single trader's bet on the natural gas market.

For the moment, the balance is maintained by what Nick Carn of Odey, a hedge-fund group, calls "mutually assured destruction" .

The hedge fund managers came first, but the support system that followed them has now become one of the main attractions for newer managers.

The model of the hedge fund industry they popularised, able to deploy billions of dollars on a whim, is fast becoming a thing of the past.

Hedge fund fee structures rarely allow investors to claw back fees if years of profits are wiped out by a single year's giant loss.

Every week a billion-dollar hedge fund or private equity firm seems to announce an office there.

Erika, his character from a tough background, manages to get to just such a school established by a billionaire hedge fund trader.

The bank is discussing plans to either spin off Phibro into an independent hedge fund or open it to outside investors, the people said.

Yet, looking back on her six years at the hedge fund, which she declines to name, she wishes she'd worn more jackets to work.

can be said to be a hedge on the conservative investment strategy hedge fund management forms.

Once a buttoned-up industry, its change in attitudes is now apparent, from the open-necked hedge fund managers of Mayfair to the big banks.

Hedge fund manager Jim Chanos, who made his billions shorting Enron, believes China is an even bigger bubble waiting to be pricked.

The next year, the New York Fed bailed out Long Term Capital Management to avoid wider market impact from the hedge fund's short positions.

This would be a joint American-EU effort to come up with common standards in such areas as hedge-fund regulation and intellectual property.

Hedge Fund's organizational structure is usually a partner system.

Interactive combination of these two respects has made effective investment boundary of hedge fund extremely expand outward.

Hedge-fund executives, gathering in Las Vegas for an industry event (see article), are not pleased with all the attention they're getting.

And it moved its best traders to a hedge fund, leaving the B-team to manage the bank's positions.

Mr Lanchester's short book will not add much to the knowledge of your average hedge-fund manager and central banker.

Mr Rajaratnam was clearly not worried about getting caught since the Galleon hedge fund had a mass of legitimate information and research.

and a portfolio with international diversification but without the illiquid private-equity, hedge-fund and real-estate portions.

For now, private-equity and hedge-fund executives, whose money-management empires can afford the steep rent, occupy much of the building.

Mr. Paulson, the most celebrated hedge-fund manager in recent years, is going through the worst period of his career.

Hedge fund administration is part of a burgeoning cottage industry that attempts to make funds more transparent to investors.

The group allegedly included several hedge-fund traders, two lawyers and a former junior analyst at a credit-rating firm.

Tim Spangler, a London-based lawyer with hedge-fund clients around the world, says banks are "fighting to keep talent in the building. "

The lead character is the studio itself, which after a storied past as a Hollywood icon is looking at a frugal future as a hedge-fund asset.

Mr Madoff was in effect running a hedge fund but did not charge hedge fund fees.

As for his vague explanations, they were no vaguer than those of many other hedge-fund managers and even mutual-fund managers.

All of this seems scary. It's enough to make a hedge fund manager afraid to use the phone.

The flood of money pouring into the hedge fund industry has seen the best fund managers shut their doors to new money.

But once that initial spate of spin-offs has occurred, where will budding hedge-fund managers be able to prove their mettle?

However, with so many hedge fund strategies faltering, not even a "safety in numbers" approach has added up to much.

Policymakers and investors have been obsessed in recent years about the potential for a hedge fund collapse to spread financial panic.

One hedge-fund executive quips that his instincts tell him to "go long on real estate in Connecticut. "

Ken Griffin, who founded Chicago's $12bn Citadel hedge fund, has emerged as a strong buyer of contemporary art.

Last November the agency charged a French doctor for allegedly tipping off a trader at a hedge fund about a death in a clinical drug trial.

So far, investors have seen only a handful of big, dedicated Asian hedge fund of funds.

Hedge-fund titan John Paulson on Thursday owned up to a series of recent mistakes.

The other is Todd Combs, a youngish fund manager whom Buffett plucked from a hedge fund to help run the investment portfolio.

She's had no luck, though, with her fiance, Brian, who works at a hedge fund.

Some of this faulty decision-making may also reflect the underlying rationale of hedge-fund investments.

The launch is expected to raise up to $1. 5bn, which would make it the largest global hedge fund start-up since 2007.

So you see, there could be a little Ponzi scheme in every hedge fund.

In any case, the brilliant hedge fund operator predicts "earnings are likely to have peaked and will decline from current levels. "

Japan is, in effect, short its own currency and, to aggravate matters further, so is the international hedge fund community.

Ginger Capital Fund is a greater China-focused hedge fund with an international investment approach to analysis and risk management.

Bull-Dog Sauce introduced a poison pill defence to stop the U. S. hedge fund's takeover attempt.

He worked as a trader and an analyst at several firms before founding his own hedge fund in 1973 with $12 million, mostly investor money.

Finally, when a hedge fund company goes public, the presumption of sound risk-management must be diluted.

Cohn took pains to dispel the image painted by rivals of Goldman Sachs as a giant hedge fund that depends on proprietary trading.

For instance, John Paulson, a hedge-fund boss known for his lucrative bet against the housing market, will soon offer a UCITS III product.

Maybe your hedge fund is hurting, your trust funds have been trimmed, or your seven-figure bonus just isn't what it used to be.

Yet if a hedge fund moves from London to Geneva, it does not reduce the risk of the British financial system one jot.

In its foray into U. S. hedge-fund investing, CIC has so far favored firms it already knows well.

The Absolute Return Equity fund, initially available in Spain and Italy, is one of the first Ucits III vehicles based on a pure hedge fund.

Typically, an investor can sell a stake for 1-5% less than its current value to another investor in order to leave a hedge fund.

Last October a New York hedge fund was sued by a trader who had allegedly been made to take female hormones for behaving too aggressively.

"It's more like an ugliness contest, " says one hedge-fund manager.

Amaranth, the hedge fund group destroyed by energy market losses, boasted of the sophistication of its risk models.

For years, managing a hedge fund, and making a fortune for yourself in the process, was the running dream on Wall Street.

Turns out that hedge fund managers are, well, a little loose with the facts. I'm sure you're completely shocked by this revelation.

A spoof "Dear Investor" letter from a macro hedge fund manager to his clients is currently doing the rounds on the internet.

A White House spokeswoman says his actions supporting hedge fund regulation prove he is not biased.

I imagined myself smiling at the hedge fund managers who came in and out: "Hello, it's milder today isn't it? "

If it gives up its small deposit-taking arm, it can go back to being a broker-cum-hedge fund, free to trade as it likes.

In many cases they cannot invest in a hedge fund with less than $100m in assets or less than a three year track record.

'In five years, I would love to be running my own hedge fund, ' he says.

A few optimists expect a gradual hedge-fund migration from New York and Connecticut to Texas as states hike tax rates.

GEORGE SOROS, one of the original hedge-fund managers, believes that every boom in the making is tested.

Especially in the United States, consultants are playing a bigger role in introducing hedge fund managers to pension funds.

With hedge fund dislocation likely to continue for days, similarly strange moves, and volatility, could be the norm.

And in 2009, he quit his day job as a hedge-fund manager to concentrate on Khan Academy, a sort of one-man university.

Meanwhile, a senior executive at a London-based hedge fund says the postbag is now crammed with CVs.

Investors around the world listen closely to Soros' comments as his hedge fund makes big bets on currencies, interest rates and stocks.

Dickson also noted that margin calls and hedge fund liquidations may be exacerbating selling as the stock market falls.

Hugh Hendry, one of the hedge fund industry's most voluble figures, has long been critical of China's property boom.

Our hedge fund was bearish on the macro landscape, but positioned for a counter-trend upside trade heading into that fateful day.

The biggest case is against hedge-fund giant Raj Rajaratnam, who ran Galleon Group and is now on trial in lower Manhattan.

In June, Bull Path Capital Management converted a long-short equity hedge fund into a mutual fund.

He has never met Mr. Siris, but maintains, in an interview, that the hedge fund's recent dismal performance numbers 'speak for themselves. '

Within days of leaving office, the former Fed chief spoke to a private gathering of hedge-fund managers, organised by Lehman Brothers.

George Soros, a famous hedge-fund investor, is still reviled for aggravating and profiting from the crisis.

It would also leverage their balance sheets to a greater degree than either hedge fund activist seeks.

As hedge-fund clients began yanking their money from Lehman, the firm assured them it was on solid financial footing.

One of Bear's biggest attractions for J. P. Morgan is its prime brokerage business which caters to hedge fund clients. J. P.

From being masters of the universe two years ago, hedge-fund managers now fear becoming servants of Brussels.

As contagion spread from Asia to Russia, Brazil and a large US hedge fund, the turmoil was dubbed the first crisis of modern globalisation.

It was then that I realized it was basically a hedge fund, betting on the decline of interest rates.

However, a hedge fund manager in London I know is taking wagers on both.

As those funds make capital calls, investors have to send in their cash -- another factor in the redemption trend, hedge-fund managers say.

Institutional investors and hedge-fund bosses do not deserve the attention they are getting.

I'm a hedge fund manager and I fear I'm going to be lynched on my way in to work in Mayfair.

If some bank or big hedge fund has been caught out by the sudden sell-off, the events of February 27th could have lasting implications.

The impact of the hedge fund managers' purchasing power has not been evenly felt.

HEDGE-FUND executives have been moaning recently about the American government's prosecutorial zeal.

Mr Soros, according to one study, has made more for clients than any other hedge fund manager.

Scoop began as a club for day traders called "the inside Scoop" before evolving into a hedge fund.

Last week I spoke to a brilliant hedge-fund manager I know, and he was a raging bull.

One big hedge fund shareholder, David Einhorn of Greenlight Capital even sold off his shares last week due to the issue.

A bank that acts as a prime broker to a hedge fund has detailed knowledge of its trading activities.

HEDGE-FUND and private-equity managers earn a lot of money, more than most people think justified by their contribution to society.

An example using legendary hedge-fund manager Paul Tudor Jones best explains the point.

So far this freedom has helped the local hedge-fund industry, without hurting the punters .

Did Summers spend so much time with the hedge fund, or its investors, sovereign wealth funds and so on, that he started to think like them?

The founder of Galleon Group, a hedge fund which once managed $6. 5 billion, faces up to 205 years in prison when he is sentenced in July.

They held the inaugural Value Investing Congress, a gathering of antsy hedge fund managers, at the Time Warner Centre in New York this week.

When people find out I used to run a hedge fund, they often ask me, "What is a hot investment right now? "

If these documents are any guide to the prevailing investor zeitgeist, downward pressure on hedge fund fees is in the offing.

Some blame the hedge fund speculators who have funneled large amounts of money into futures contracts in food markets.

Canned beans and shotguns were about the only long positions that paid off for hedge fund managers this year.

Mr Smith withdrew $300m from one hedge fund when the manager, having agreed to provide the information, did not do so.

Those lower returns failed to offer the diversification that hedge fund investors crave, experts said.

But Crispin Odey, one of London's most respected hedge fund managers, was seeing things differently.

That made the annual transatlantic hedge-fund give-off between ARK and the organisation that inspired it even less of a contest than usual.

"In the hedge-fund industry the only bad thing you can do is lose people's money, " says a financial consultant.

Short positions on the Chicago Mercantile Exchange, often used as a proxy for hedge fund activity, hit record levels in October.

It may be that hedge-fund styles are so opaque that investors are forced to rely simply on recent returns.

The FBI seized the recordings and computer records of that hedge fund on Nov. 12, the complaint said.

At the start of the year a wave of optimism was washing over the Asian hedge fund industry.

The pullback is a sign of how the hedge-fund industry could change amid the seismic shifts in the financial landscape.

CIC owns stakes in both firms, making them familiar partners as it dips its toes into the hedge-fund world.

And that may explain why so many hedge-fund managers get rich, and why their clients are much less likely to do so.

TPG and its hedge fund affiliate TPG-Axon offered to put as much as $3bn into Merrill.

In aggregate the results have been stunning, comparable to the returns of the most blistering hedge fund.

Also in his camp: John Paulson, the hedge-fund manager who made billions betting mortgage-backed securities would implode. Mr.

This was, after all, a hedge fund that delivered implausibly consistent, and consistently good, returns.

The warning will come as efforts to introduce stronger controls over the hedge fund industry increased over the weekend.

Its in connection with the collapse of a hedge fund that heavily bet on subprime mortgages before the market collapsed.

The era of hedge-fund managers being unable to pay the rent may soon be dawning.

The Asian hedge fund industry has grown rapidly since the turn of the century.

Some of the most prominent traders and hedge fund teams have struggled to start new vehicles in the current environment.

This strategy works for all types of niches, including dog training, hedge fund investing, copywriting, fundraising and physical therapy.

After the business collapsed, he started his own hedge fund, Centaurus Energy.

MOST hedge-fund managers like to stay out of the spotlight.

Meanwhile, in New York a (still) formidable American hedge fund recently circulated private research that echoes the reasoning of Mr Smith.

Sri Lankan-born Raj Rajaratnam was for a time worth more than 1 billion dollars, a prominent hedge fund boss.

Another evening, topics of conversation around the bar ranged from Bermuda reinsurers to hedge-fund fraud.

John Hempton, chief investment officer at hedge fund Bronte Capital, based in a suburb of Sydney, Australia, agrees.

They claim that the hedge fund profited from Venezuelan currency trading while working for the state oil company.

One hedge-fund manager here told me London property was a 'laundromat for Russian money. '

its assets are three-quarters the size of the hedge-fund industry before accounting for hedge-fund borrowing.

The FBI is seeking information about a Primary Global consultant and his hedge-fund clients, these people say.

"My view is that we have to go on with quantitative easing for as long as we possibly can, " says Crispin Odey, a City hedge fund manager.

The biggest single hedge-fund category is "equity long-short" , which mixes bets on falling, as well as rising, share prices.

A couple of months ago, Ray Dalio founder of the Bridgewater hedge fund presented his staff with equally nutty reading matter.

Indeed a month ago a prominent author and hedge fund manager suggested that "every single human being" should be short Treasuries.

"Everyone's looking to be better positioned in case the shit hits the fan, " says a hedge-fund manager.

Custody banks are winning lots of hedge-fund business as a result of this.

Investors should take reports of the launch of "China's first hedge fund" with a pinch of salt.

And to be honest, I still didn't totally understand the function of a hedge fund.

But even in good times, the withdrawal of money from a hedge fund impinges its performance.

A hedge fund is an investment group often organized as a limited partnership.

Mark Hart of Corriente Advisors, a hedge fund, has bought put options on the yuan, betting that the value of the currency will decline.

Punting on clapped-out securities is now on many a hedge fund's list of favoured strategies.

The SEC argues that these derivatives gave the hedge fund an incentive to select mortgage securities that would bomb. And bomb they did.

A few years ago, one might have expected a person such as Ella to join a bank, a hedge fund or a management consultancy on graduation.

THE inside information she gave him was "absolutely perfect" , a former hedge-fund executive testified on June 6th.

The Spanish bank agreed to pay $235m to square possible legal claims arising from its Geneva-based hedge-fund group.

The remaining capital was largely farmed out to other hedge fund managers.

Earlier this year, Citigroup had to inject capital into another hedge fund, hobbled by its purchase of a big book of corporate loans.

This trend for the hedge-fund industry to abandon its opacity will accelerate over the coming year.

Through those ownership stakes, CIC gains indirectly from fees the firms collect for selecting and monitoring hedge-fund allocations.

Hedge fund pioneer Michael Steinhardt has criticized hedge fund managers for becoming nothing more than asset gatherers.

Those who spotted problems in advance and advised clients not to invest include Aksia and Albourne Partners, two hedge fund consultancies.

Indeed, a glimpse into the tensions has been revealed in an e-mail from hedge fund BlueMountain to dealers.

"Enron was a high risk hedge fund disguised as a diversified energy company. "

One hedge-fund manager says the bans sparked a "self-feeding frenzy" as investors tried to dump restricted stocks.

"It is clearly the brutal unwinding of a hedge fund position. Somebody has got burned in a big way, " said a trader at a large US bank.

Wall Street chroniclers one day could look back at the early 21st century and easily dub it the Era of the Hedge Fund.

Yuri Plyam was also fined and prohibited from acting as a commodity pool operator (hedge fund term) for three years.

Today, the ire of the usually powerful who find themselves powerless is directed at short-sellers and hedge fund managers.

Then the hedge fund industry comes into being and gradually develops to meet the preferences of different investors.

Hedge fund GLG Partners just lost an appeal against the French market regulator for insider trading in Vivendi shares.

Still, the day may soon come when China is a better short story than a long story, and a better hedge fund game than a private equity game.

In the past two years, several big hedge fund managers floated or sold stakes to banks, including Lehman and Morgan Stanley.

This could hit Asian managers particularly hard and slow the growth of the region's relatively small hedge fund industry.

That creates leverage that makes it look like a 'hedge fund on steroids, ' Mr. Buiter wrote.

Hedge fund managers Paul Marshall and Amit Rajpal of Marshall Wace argue that Brazil's credit market is heading for a US-style crisis.

Last month, the SEC followed its counterpart and issued the hedge fund with a subpoena.

Hedge-fund investors, though supposedly more sophisticated than your average Joe, pay a similar price for chasing performance.

VOC is run by a small hedge fund management firm based in New York that stumbled on China almost by accident.

In 2007 Bear Stearns and Goldman Sachs were among the banks that recapitalised troubled hedge fund units.

One of the main problems for potential hedge fund managers in China is a simple lack of tools.

But Mr. Li bombed out in 1998, his first year as a hedge fund manager.

Kurt Vonnegut once told a story about seeing Joseph Heller at a wealthy hedge-fund manager's party at a beach house in the Hamptons.

Within two weeks following the announcement, the hedge fund liquidated its position for a profit of more than $820, 000, the complaint said.

More recently US investors have invested heavily in foreign equities, including the emerging markets, along hedge fund lines.

However, neither the US nor European hedge fund markets can match the meteoric rise of the Asian industry in recent years.

Early this year, he quit to become a managing director investing in technology stocks at Galleon Group, a $7 billion hedge fund in New York.

First, this paper described the basic theory of hedge funds and-examines the status of overseas hedge fund industry.