Funds Hub

Money managers under the microscope

Morning line-up

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Hedge fund stories from the past 24 hours from Reuters and elsewhere:

 
rtxcg5sHedge fund boss accuses PM of ignoring crunch alarm bell – London Evening Standard

Citadel to oversee Lehman assets – FT Alphaville

Hedgie Paulson mad about Citi – New York Post

Hedge funds hiring again after downturn – Reuters

Blackstone gem – buyout leader excels in hedge sector – New York Post

Morning line-up

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Hedge fund stories from the past 24 hours from Reuters and elsewhere:

rtxcg5sNew UK tax sends hedge funds fleeing – WSJ

Citadel files $470 mln clain against Lehman – Reuters

Hedge fund assets fall by $200 bln – Telegraph

Europe’s largest hedge fund increases India exposure – Financial News

Why are analysts so wrong? – Global Investing

Madoff shadow looms over UBP

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MadoffWhile much of the hedge fund industry starts to draw breath and consider better times ahead, those firms tainted by the Bernard Madoff ponzi scheme continue to suffer.

UBP — which had exposure of about 1 billion Swiss francs to Madoff’s firm — on Wednesday said hedge fund assets had slumped by 20 billion Swiss francs in the first half and are now more than half the level achieved at the peak in June 2008. To be fair, the private bank isn’t giving up easily and has hired in new managers to liven up its offering.

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