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Top Hedge Funds Rise In January

Feb 8 2012 | 3:50pm ET

It was a middling January for hedge funds, but some of the industry's biggest names managed to do better.

Pershing Square Capital Management's fund rose between 6.1% and 6.3% in January. Maverick Capital and Third Point weren't far behind, with the former bouncing back from a 15% drop in 2011 to return 5.89% last month, and Third Point Ultra added 5.8% after a 2.3% dip last year.

 

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Gupta Trial Delayed As Sides Squabble Over Charges, Evidence

Feb 8 2012 | 3:17pm ET

It promises to be an interesting three-and-a-half month run-up to Rajat Gupta's insider trading trial, as both sides continued to bicker and prosecutors promised additional allegations against the former McKinsey & Co. chief.

Bloomberg: Hedge Funds Up Just 0.2% In Jan.

Feb 8 2012 | 1:37pm ET

Stocks had their best January in almost 20 years last month. Hedge funds cannot say the same.

Lazard Launches Low-Minimum Fund Of Funds

Feb 8 2012 | 1:33pm ET

Lazard Asset Management has launched a new fund of hedge funds with a low minimum investment requirement.

New Charges In Hedge Fund Insider-Trading Case

Feb 8 2012 | 1:32pm ET

Level Global Investors co-founder Anthony Chiasson and former Diamondback Capital Management trader Todd Newman have a few more allegations to fight in court.

Goldman, Tudor Vets Ready Global Macro Hedge Fund Launch

Feb 8 2012 | 1:31pm ET

Goldman Sachs' former special situations chief will launch his new firm's maiden hedge fund next quarter.

Phony Hedge Funder Gets Eight Years

Feb 8 2012 | 12:58pm ET

A fake Atlanta hedge fund manager was sentenced to more than eight years in prison for ripping off investors to the tune of $8.8 million.

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In Depth

Q&A: Bringing Hedge Fund Strategies To The Mutual Fund World

Feb 8 2012 | 9:31am ET

Direxion president and CIO Dan O’Neill says portfolio diversification is about asset classes, but it’s also about strategies. To O’Neill’s way of thinking, Direxion has been in the alternative asset business for years, and now the firm is poised to launch additional “alternative” investments—both mutual funds and ETFs.

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Deborah PrutzmanDeborah Prutzman
 
 
 
 

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Publisher's Note

    Occupy GAIM Fizzles

    Jan 23 2012 | 11:26am ET

    South Florida’s version of Occupy Wall Street—Occupy Palm Beach Country—is staging what I’ve been told is a less-than-impressive protest outside the GAIM conference site. Read more…