Saturday, 21st November 2009

 

23 January 2009 - Press Briefing

Investors withdrew record $152bn from hedge funds in final quarter

Investors withdrew a record $152bn (€116.6bn) from the hedge fund industry in the final three months of last year, figures released on Wednesday by Hedge Fund Research have shown, according to report in The New York Times.

The situation could have been far worse if several leading players like Citadel and Fortress had not blocked the redemptions and contained client exits.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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