Hedge Funds and CTAs

Goldman Sachs CEO Lloyd Blankfein said the Wall Street giant has raised one hedge fund and plans another to capitalize on the credit crunch.

While many hedge funds burned by the collapse of the subprime market have recovered in recent months, one of the first the feel the heat is still suffering.

Morgan Stanley has taken a stake in another hedge fund—its sixth in the past two years—and one run by a familiar face.

Och-Ziff Capital Management raised $1.15 billion in its initial public offering yesterday, selling 36 million shares at the high end of its forecast price range.

Tactical hedge fund strategies drove industry returns last month, as the RBC Hedge 250 Index returned 2.49%. The investable benchmark is now up 9.31% year-to-date.

London-based Pioneer Alternative Investments has strengthened its fund of hedge funds research team with a trio of hires.

It took more than two years, but the hedge fund sued by Overstock.com has finally countersued.

For the second straight quarter, Fortress Investment Group is in the red, after a special charge wiped out its profit.

Christopher Hohn is apparently not satisfied with just one scalp at the Frankfurt Stock Exchange, according to media reports in Germany.

It wasn’t exactly Bill Miller’s storied streak, but Carl Icahn’s three-year run of positive quarterly returns has come to an end.