The 100 largest hedge funds now control about 70% of hedge fund money, up almost 20% from 2003, according to Morgan Stanley's prime-brokerage unit, says a Wall Street Journal report.
The hedge fund industry posted record inflows of more than $60 billion during the first quarter, bringing total assets under management to $1.57 trillion, according to data released today by Hedge Fund Research Inc.
Despite being associated with one of the largest hedge fund implosions in recent memory, the multistrategy hedge fund model continues to represent the gold standard for much of the $1.2 trillion industry.
Hedge fund shares fast are becoming an important source of new donations for the Vanguard Charitable Endowment Program.
Citigroup Inc. is in talks to purchase Old Lane LP, a hedge fund run by former Morgan Stanley executive Vikram Pandit for more than $600 million, according to a Wall Street Journal report.
The Greenwich Global Hedge Fund Index rose 0.98% in March, bringing year-to-date returns to 2.82%, according to a preliminary report released today by Greenwich Alternative Investments LLC.
In the first criminal case against a hedge fund for market timing, Beacon Rock Capital LLC and a former broker were charged with defrauding mutual funds of $2.4 million.
BOSTON — Municipal bonds — which finance projects such as roads and sewers — may not be the sexiest investments, but if investor inflows count for anything, OppenheimerFunds Inc.’s Rochester unit looks like Sophia Loren.
The Securities and Exchange Commission is considering whether to raise the financial bar for investing in private-investment pools other than hedge funds.
WASHINGTON — The SEC’s efforts to protect hedge fund investors have stirred up free market enthusiasts, who are making it clear they don’t want the government limiting their investment options.
The former head of a Hailey, Idaho-based hedge fund was indicted on criminal charges that he carried out a fraudulent scheme that bilked investors out of $88 million, the U.S. Attorney's office said yesterday.
From direct lending to asset-based finance to commercial real estate debt.
