Wednesday, 1 October 2014
Last updated 5 hours ago
Aug 25 2008 | 1:00am ET
A huge number of redemption requests has Ore Hill Partners closing the door.
Investors fleeing the fixed-income hedge fund shop, which is half-owned by Man Group, triggered an automatic gate provision at the firm’s $1.2 billion Ore Hill International Fund, it said. A spokeswoman for the firm told The Wall Street Journal that the fund’s directors are considering what steps to take in the interests of all of the fund’s investors.
The fund’s flagship was deluged by redemption requests for September, as investors seek to get out of a vehicle heavily invested in such distressed sectors as bank debt, bridge loans, high-yield bonds, structured credit and collateralized debt obligations.
Ore Hill, which was founded in 2002, manages about $3 billion.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...