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Citi: Hedge Fund Profits Plunge, Small Funds Hit Hardest

Jan 30 2015 | 4:44am ET

Profits in the hedge fund industry are set to decline by 30% due to poor performance in 2014, according to a recent survey by Citi.

While hedge fund industry profits in 2013 reached $31.2 billion, poor performance in 2014 cut that figure by 30% to only $21.9 billion, a loss of nearly $10 billion, Citi estimates in their Third Annual Hedge Fund Industry Operating Metrics Survey.

 

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ValueAct Wins MSCI Board Battle

Jan 30 2015 | 2:31pm ET

MSCI Inc. announced it will appoint three new independent directors, Wayne Edmunds, D. Robert Hale, and Wendy Lane to the its board of directors, effective March 10.

Ackman Invests In Clearfield Capital Management

Jan 30 2015 | 2:27pm ET

Activist hedge-fund manager Bill Ackman has committed the largest sum he has ever invested with another hedge fund manager.

Again Capital: Oil Prices Trending Lower

Jan 30 2015 | 2:24pm ET

John Kilduff, partner at energy fund Again Capital, said that fresh concerns about ISIS and Iraq are unlikely to push crude oil prices much higher.

Former Contrarian Capital Exec. Pleads Guilty To $9 Million Theft

Jan 30 2015 | 5:46am ET

A former Contrarian Capital Management executive pled guilty on Thursday to stealing $9 million from the Connecticut-based hedge fund.

Meet Asia’s Hottest Young Hedge Funds

Jan 30 2015 | 5:30am ET

Some of Asia’s newer hedge funds were a magnet for investors last year.

Maples Fund Services Adds To New York Team

Jan 30 2015 | 4:22am ET

Maples Fund Services has hired Greg Wildes as a senior vice president to focus on managing client relationships and expanding opportunities for continued growth of the fund services business in North America.

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In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives recently caught up Morano, director of the Zurich-based Custoza Family Office, to discuss the performance of his Classic Car Fund and his predictions for the future of investing in classic automobiles.

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