Hedge Fund End?

According to Hedge Fund Research, 344 funds have already been liquidated within the third quarter which places liquidation at an all-time high. The total percentage of funds that have been liquidated this year (first nine months) was nearly 693. What we are seeing is an overall sale and let go of funds. We'll wait to see what 2009 brings. Any predicitions?

For more information on this issue, please visit the article we've referenced at WSJ.com.

Withdrawals bedevil hedge funds, and not just the poor performers

From IHT.com

For Bernard Madoff, the embattled hedge fund manager, the world came to an end when his funds were unable to meet $7 billion in withdrawals at a time when he was supposedly managing $17 billion.

It may seem a lot for people not in the know about hedge funds; however, this amout of money is typical for hedge fund organizations. Individuals looking to get out their money shoudl be able to do so unless there is a gate set up by the managing organization. Customers now have taken out upwards of %35 percent of funds, even funds performing all right in this economy.

So what do you think? Sould people be able to take their money out at anytime or should more restrictive gates be put into place? We'd love to hear your thoughts.

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Bloomberg: Madoff ‘Big Lie’ Hits Fairfield Sentry, Kingate Funds

From Bloomberg.com:

The biggest hit on the "Ponzi" Madoff scheme is Fairfield Greenwich Group who invested over $7 billion dollars into the Madoff firm. This is the first report of enormous losses by the inept Madoff firm. Surely more big names are to come.


The biggest loser may be Walter Noel’s Fairfield Greenwich Group, whose $7.3 billion Fairfield Sentry Ltd. invested with Madoff’s eponymous firm, three people familiar with the matter said. Another was Kingate Management Ltd., whose $2.8 billion Kingate Global Fund Ltd. invested with Madoff, they said.

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