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  • NEW YORK, March 17- Billionaire investor William Ackman's already very bad week got worse on Thursday. "The fund's performance since we initiated the rating on PSH in May 2015 has been weaker than peers, in contrast to its stellar track record in previous years," S&P analysts wrote, noting that the fund lost money on 11 of 12 positions since October 2015.

  • TOKYO, March 17- Fixed income hedge funds are likely to have the worst quarter in their history in the three months to March 31, hit by a lack of market liquidity, Dan Fuss, a veteran fund manager known as the Warren Buffett of bonds, said on Thursday. Fuss, vice chairman and portfolio manager of Loomis Sayles, which oversaw $229.1 billion as of Dec. 31, said regulations...

  • *Hedge fund managers in bid to save licenses amid closure threat. HONG KONG/ SHANGHAI, March 17- China's hedge fund industry has been thrown into disarray as managers rush to comply with stringent new rules, introduced overnight, that could see over half the industry shut down by August, fund managers and lawyers told Reuters. "It is very difficult for the regulators...

  • BOSTON, March 15- Hedge funds on Tuesday lost an estimated $5.3 billion on drugmaker Valeant Pharmaceuticals' stock meltdown, with billionaire investors William Ackman and Jeffrey Ubben taking the brunt of the hit- losing more than $700 million each, according to data from research firm Symmetric.IO. Ackman's $12 billion Pershing Square Capital Management...

  • Canyon Capital, which holds a 4.5 percent stake in the company, has been seeking to persuade Ambac to find ways to accelerate the settlement of $4 billion in insurance claims. Ambac said in response to the hedge fund's nominations that, including deferred payments, Canyon Capital's credit exposure is $376 million. The Los Angeles- based hedge fund on Monday...

  • LONDON, March 14- After deserting commodities markets during last year's slide, some hedge funds are starting to move back in, betting a recent pick-up in energy prices could signal a turning point. Leading commodities indexes rallied on Friday after the International Energy Agency signalled a possible floor in the price of oil which has slumped 65 percent...

  • Blackstone Group has agreed to sell Strategic Hotels & Resorts Inc. to a Chinese firm for $6.5 billion.

  • Leon Black, chairman and chief executive officer of Apollo Global Management

    Apollo Global is nearing a deal to acquire Fresh Market for more than $1.3 billion, people familiar with the matter told Reuters.

  • NEW YORK, March 9- Hedge fund firm Gottex Fund Management has shut down its two-year old mutual fund that offered retail investors a taste of endowment strategies which use hedge funds, private equity and real estate, according to a regulatory filing. Trustees for the Gottex Endowment Strategy Fund said they would liquidate the fund, according to a filing made in...

  • Hedge fund sales desks at four of Wall Street's biggest banks told Reuters that many U.S. players had made money betting against China by the time Beijing took aggressive steps to prop up the currency in early January. That has left in place chiefly "tail risk" funds like Mark Hart's Texas- based Corriente Partners or Kyle Bass, who have suggested China would have to...

  • NEW YORK, March 7- The average hedge fund posted tiny gains last month to beat the broader stock market index, according to new data released on Monday. Research firm Hedge Fund Research's Hedge Fund Weighted Composite Index inched up 0.5 percent in February after having dropped 2.46 percent. Some activists, including William Ackman's Pershing Square Capital...

  • LONDON, March 7- Hedge funds have switched from a very bearish view on crude oil prices at the end of last year to a much more bullish one, especially for Brent. Such funds and other money managers had amassed a combined net long position in the three main contracts on NYMEX and ICE amounting to 445 million barrels of crude by March 1. The combined net long position has...

  • BOSTON, March 3- Northern Trust Corporation is beefing up its alternative assets business by buying hedge fund of funds manager Aurora Investment Management, the trust bank said. The deal will unite Chicago based Aurora, which had been owned by Natixis Global Asset Management and oversees roughly $5.7 billion, with its cross-town neighbor, Northern Trust's 50...

  • LONDON, March 3- Hedge funds, whose speculating contributed to the pound's devaluation in 1992, have yet to make major bets on Britain leaving the European Union because few expect it to happen and most doubt a big payout from market moves around the June vote. "It's not a high-quality exposure to have on," said GAM portfolio manager Anthony Lawler in London, who...

  • Samir Barai, the founder of Barai Capital Management, was sentenced by U.S. District Judge Deborah Batts in Manhattan to two years of supervised release and ordered to forfeit $216,603. Barai pleaded guilty in 2011 to securities fraud and other charges over a scheme that also involved Noah Freeman and Donald Longueuil, two former portfolio managers at...

  • BOSTON, Feb 29- Billionaire investors Barry Rosenstein and Daniel Loeb's hedge funds lost more money in February as both managers were hit by volatile markets shaped by fears about slower growth and uncertainty over how the Federal Reserve will react. David Einhorn's Greenlight Capital was one of the first funds to report good news to investors, telling...

  • BOSTON, Feb 29- Hedge fund Luxor Capital Group, which suffered double-digit losses last year, has been placed on a so-called watch list by influential industry consultant Cliffwater, according to a memo seen by Reuters. Cliffwater, which advises on roughly $55 billion in alternative assets invested in hedge funds, private equity and real estate funds, told the...

  • LONDON, Feb 29- Hedge funds are turning more positive about the outlook for crude oil prices, according to the latest positioning data from regulators and exchanges. Hedge funds and other money managers held a combined net long position in the three main crude oil futures and options contracts amounting to 383 million barrels on Feb. 23. The net long position in...

  • Warren Buffett, chairman of Berkshire Hathaway Inc.

    Buffett acknowledged that while he and 3G "follow different paths" in running businesses, 3G has been "extraordinarily successful."

  • BOSTON, Feb 26- The Collins Alternative Solutions Fund, a mutual fund that offered hedge fund strategies to retail investors, has been shut down after suffering a double-digit decline in 2015 and falling more this year. "The board concluded that it would be in the best interests of the fund and its shareholders that the fund be closed and liquidated," Collins...