Tuesday, 30 September 2014
Last updated 15 hours ago
Mar 19 2009 | 2:48am ET
The Bernard Madoff scandal was one of the biggest disasters to ever strike the hedge fund industry, a fact confirmed by new research on hedge fund liquidations.
Fully one-fifth of all North American hedge funds to begin liquidations last year were Madoff feeder funds, according to HedgeFund Intelligence. Three of the 10 largest hedge funds to go under last year were Madoff feeders: Fairfield Greenwich Group’s Fairfield Sentry Fund, J. Ezra Merkin’s Gabriel Capital and Ascot Partners, and the Tremont Group’s Rye Investment Management fund of hedge funds business.
All told, the feeder funds linked to the $50 billion Ponzi scheme perpetrated by Madoff purported to manage $16 billion.
Still, the Madoff scandal was not the only factor that felled hedge funds in record number last year. According to HFI, a whopping 200 hedge fund families began liquidating last year, a fourfold increase from 2007. Those funds managed a total of $84 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…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The trading world is inundated with strategies and techniques. Here’s one way traders can get a handle on information overload.