Friday, July 16, 2010

Michael Lau to spin-off Candlewood Investment Group from Credit Suisse

In late September of this year, Credit Suisse Group AG will spin-off two credit hedge funds in response to new regulations that limit the amount of capital that banks may lend hedge funds. According to Bloomberg, the Candlewood Special Situations and Candlewood Credit Value hedge funds will be spun-off as Candlewood Investment Group.

Here is the complete article.

Thursday, July 15, 2010

Top hedge fund firm launches of 2010 YTD raise over $700 million

The first six months of 2010 have seen a number of new firm foundings, fund launches, and spin-offs in the hedge fund world, some led by a new generation of young managers and others headed by industry veterans looking to start anew or reassert their investing prowess. But the figures from this year’s halfway point also mark an adjustment to the norms of hedge fund launches. The most noticeable changes are the dramatic fundraising difficulties facing hedge fund managers worldwide: so far this year, not one new hedge fund firm has launched with close to $500 million in assets under management, not to mention anything comparable to the $1 billion raised by Roc Capital Management and its founder Arvind Raghunathan or the $800 million Tony Chedraoui raised for the Tyrus Capital LLP launch last year.

To see complete article click here.

Monday, July 12, 2010

John Paulson’s hedge fund loses 6.9% in June

Paulson & Co.’s Advantage Plus hedge fund logged a 6.9% loss for the month of June, bringing its YTD performance down to -8.8%.

Thursday, July 1, 2010

Aswath Damodaran discusses US financial overhaul

Industry expert and top NYU Stern professor discusses the financial overhaul that Obama is expected to sign into law in the next few days. Not surprising, Damodaran is not very confident in the bill.