Saturday, October 24, 2009

GLG Partners Launches new fund from its Distressed Strategy

Thanks to an impressive 84% return this year in its distressed strategy, GLG Partners has decided to dedicate an entire fund to the strategy. According to the Financial Times, GLG Partners has launched a new fund which will invest in distressed European debt. Formerly a part of GLG's credit and market-neutral fund, the new fund launches with $300 million in assets under management.

To read the complete article, please click here.

Tuesday, September 8, 2009

Largest Hedge Funds Revealed: Bridgewater, Highbridge Capital, Paulson & Co, D.E. Shaw and Soros

AR Magazine recently released its list of largest hedge fund managers as well as its “Hedge Fund Report Cards.” The top five hedge funds by assets under management were Ray Dalio’s Bridgewater Associates ($37bn), JPMorgan/Highbridge Capital Management ($36bn), John Paulson’s Paulson & Co ($27bn), David Shaw’s D.E. Shaw & Co. ($26 bn) and George Soros’ Soros Fund Management

Some other notables on the list were:
- Jim Simons’s Renaissance Technologies Corporation
- Daniel Och’s Och-Ziff Capital Management ($20.7bn)
- Seth A. Klarman’s Baupost Group ($19bn)
- Farallon Capital Management ($18bn)

See Complete Article

Sunday, March 22, 2009

Harbinger to Launch Troubled Bond & Loan Focused Fund

Philip Falcone’s Harbinger Capital is launching a distressed fund. The firm is going forward with the launch, despite the fact that its flagship fund is limiting investor withdrawals.
See Source