Wednesday, 25 November 2015
Last updated 15 hours ago
Jul 20 2011 | 11:23am ET
Soros Fund Management's flagship hedge fund has about three-quarters of its assets in cash as the New York-based firm waits out the economic uncertainly in hopes of finding better opportunities.
A 6% loss through mid-June pushed Keith Anderson, the manager of the $25.5 billion Quantum Endowment Fund, to pull back. He ordered his portfolio managers to cut back on their trades, Bloomberg News reports, leaving the fund about 75% cash, one of many hedge funds overweight cash amidst perplexing economic times.
Moore Capital Management is another; the firm cut risk after it lost about 6% in the first half.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…