Hedge Funds Sue Porsche

A group of 4 US hedge funds is suing luxury carmaker Porsche for more than $1 billion. The funds accuse Porsche of repeatedly misleading the public about their intent to purchase Volkswagen.

The four hedge funds were shorting Volkswagen stock and the takeover announcement sent shares of Volkswagen skyrocketing.

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Hedge Funds Helping Haiti

Hedge Funds Helping Haiti

The Hedge Funds Helping Haiti Challenge is put to all hedge funds and other alternative investment managers across the globe: donate to any charity serving Haiti earthquake victims.

Hedge Fund Aid is recognizing those funds that donate by acknowledging them on their website and in press releases.

This seems like a great way to get your fund involved in an important cause while also showing the public how responsive the alternative investment community can be to crisis.

Hedge Funds Hit Hard by Redemptions in December

Hedge Funds Faced Tough Month as Redemptions Top $4 Billion in December

Though partially due to seasonal factors, hedge funds saw net outflows of more than $4 billion in December, ending what was a somewhat positive quarter for hedge funds overall.

According to Peter H Laurelli of HedgeFund.net“Although it is an outflow, it is still the lowest change in assets due to investor flow for the year.”

According to the article, investors pulled over $330 B from hedge funds in all of 2009, or 15% of total hedge fund assets. Much of this was early in the year as the US faced an unprecedented financial crisis:

Source: NYTimes Dealbook

List of Fund of Hedge Funds in California

Fund of Hedge Funds (FoFs) in California
Below is a partial list of fund of funds in the state of California:

Firm	City	State	Website	Type
Altegris Investments	San Diego	CA	www.altegris.com	Fund of Funds
Belvedere Global Investors	Belvedere	CA	www.sophia-capital.com	Fund of Funds
Coast Asset Management	Santa Monica	CA	www.coastasset.com	Fund of Funds
Coast Asset Management	Sausalito	CA	www.coastasset.com	Fund of Funds
Cogo Wolf Asset Management	San Francisco	CA	www.cogowolf.com	Fund of Funds
Financia Capital	San Francisco	CA	www.financiacapital.com	Fund of Funds
Gerken Capital Associates	Mill Valley	CA	www.gerkencapital.com	Fund of Funds
Grandway Asset Management	Pasadena	CA	www.grandway.com	Fund of Funds
Grosvenor Capital Management	San Francisco	CA	www.grosvenor.com	Fund of Funds
Hall Capital Partners LLC	San Francisco	CA	www.hallcapital.com	Fund of Funds
Harvest Capital Strategies	San Francisco	CA	www.harvestcaps.com	Fund of Funds
Hollencrest Capital Management	Newport Beach	CA	www.hollencrest.com	Fund of Funds
Ironwood Capital Management	San Francisco	CA	www.ironwoodpartners.com	Fund of Funds
Ivy Asset Management Corp.	San Francisco	CA	www.ivyasset.com	Fund of Funds
Lee Capital Management	Palos Verdes Estates	CA	www.rjlpartners.com	Fund of Funds
Morgan Stanley Investment Management Inc.	San Francisco	CA	www.morganstanley.com/im/	Fund of Funds
MVice President Asset Management	San Francisco	CA	www.mvpam.com	Fund of Funds
MVice President Asset Management	Tahoe City	CA	www.mvpam.com	Fund of Funds
Pacific Alternative Asset Management	Irvine	CA	www.paamco.com	Fund of Funds
Park Street Capital Advisors	San Francisco	CA	www.parkstreetcapital.com	Fund of Funds
Paul Capital Partners	San Francisco	CA	www.paulcap.com	Fund of Funds
Progress Investment Management Company	San Francisco	CA	www.progressinvestment.com	Fund of Funds
Telesis Capital	Marina del Rey	CA	www.telesiscapital.com	Fund of Funds
The Compass Group	Laguna Hills	CA	www.compassequity.com	Fund of Funds
Weston Capital Management	Los Angeles	CA	www.westoncap.com	Fund of Funds
Woodbridge Capital Partners	Lodi	CA	www.woodbridgecapitalpartners.com	Fund of Funds
Woodbridge Capital Partners	Santa Monica	CA	www.woodbridgecapitalpartners.com	Fund of Funds
PCG Asset Management	La Jolla	CA	www.pcgam.com	Fund of Funds

Source: HedgeFundJobList.com

List of Fund of Hedge Funds in Connecticut

Fund of Hedge Funds (FoFs) in Connecticut
Below is a partial list of fund of funds in the state of Connecticut:

Firm	Denver	State	Website	Type
Aetna Capital Management	West Hartford	CT	www.aetnacapitalmanagement.com	Fund of Funds
Alternative Investment Group	Southport	CT	www.altinv.com	Fund of Funds
Dawson-Herman Capital Management	Southport	CT	www.dawsonherman.com	Fund of Funds
Ferrell Capital Management	Greenwich	CT	www.ferrellcapital.com	Fund of Funds
Flag Capital Management	Stamford	CT	www.flagcapital.com	Fund of Funds
Greenwich Alternative Investments	Stamford	CT	www.greenwichai.com	Fund of Funds
Harbor Drive Asset Management	Stamford	CT	www.hdam.com	Fund of Funds
K2 Advisors	Stamford	CT	www.k2advisors.com	Fund of Funds
Millburn Ridgefield	Greenwich	CT	www.millburncorp.com	Fund of Funds
Parker Global Strategies	Stamford	CT	www.parkerglobal.com	Fund of Funds
Performance Equity Management	Greenwich	CT	www.peqm.com	Fund of Funds
Sands Brothers Asset Management	Greenwich	CT	www.sandsbros.com	Fund of Funds
The Compass Group	Westport	CT	www.compassequity.com	Fund of Funds
Walbert Capital Management	New Canaan	CT	www.walbertcapital.com	Fund of Funds
Weston Capital Asset Management	Westport	CT	www.westoncapital.com	Fund of Funds

Source: HedgeFundJobList.com

List of Fund of Hedge Funds in Florida

Fund of Hedge Funds (FoFs) in Florida
Below is a partial list of fund of funds in the state of Florida:

Firm	City	State	Website	Type
Anchor Point Capital	Coral Gables	FL	www.anchorpointcapital.com	Fund of Funds
Aspen Grove Capital Management	West Palm Beach	FL	www.aspengrovecm.com	Fund of Funds
Collins Capital Management	Coral Gables	FL	www.collinscap.com	Fund of Funds
Dominick & Dominick	Miami	FL	www.dominickanddominick.com	Fund of Funds
Fairholme Capital Management	Miami	FL	www.fairholme.net	Fund of Funds
Global Partners Group	Fort Lauderdale	FL	www.globalpartnersgroup.com	Fund of Funds
Harborlight Capital Management	Tampa	FL	www.harborlightcapital.com	Fund of Funds
HIRST Corporation	Lake Mary	FL	www.hirst.net	Fund of Funds
Karasel Asset Management	Boca Raton	FL	www.karasellp.com	Fund of Funds
LCM Global	Tampa	FL	www.lcmglobal.com	Fund of Funds
Lighthouse Investment Partners	Palm Beach Gardens	FL	www.lighthousepartners.com	Fund of Funds
Palm Beach Capital Advisors	Palm Beach	FL	www.pbcapitaladvisors.com	Fund of Funds

Source: HedgeFundJobList.com

List of Fund of Hedge Funds in Illinois

Fund of Hedge Funds (FoFs) in Illinois
Below is a partial list of fund of funds in the state of Illinois:

Firm	City	State	Website	Type
Adams Street Partners	Chicago	IL	www.adamsstreetpartners.com	Fund of Funds
Calder Capital Partners	Chicago	IL	www.caldercapital.com	Fund of Funds
Contego Capital Partners	Chicago	IL	www.contegocapital.com	Fund of Funds
Efficient Capital Management	Naperville	IL	www.efficientcapital.com	Fund of Funds
Evanston Capital Management	Evanston	IL	www.evanstoncap.com	Fund of Funds
FIS Group	Chicago	IL	www.fisgroup.com	Fund of Funds
Glenwood Capital Investments	Chicago	IL	www.glenwood.com	Fund of Funds
Guidance Capital	Chicago	IL	www.guidancecapital.com	Fund of Funds
HFR Asset Management	Chicago	IL	www.hfr.com	Fund of Funds
Lighthouse Investment Partners	Chicago	IL	www.lighthousepartners.com	Fund of Funds
Mesirow Advanced Strategies	Chicago	IL	www.mesirowfinancial.com	Fund of Funds
Millburn Ridgefield	Evanston	IL	www.millburncorp.com	Fund of Funds
Muller & Monroe Asset Management	Chicago	IL	www.m2am.com	Fund of Funds
Twin Bridge Capital Partners	Chicago	IL	www.twinbridgecapital.com	Fund of Funds

Source: HedgeFundJobList.com

List of Fund of Hedge Funds in Massachusetts

Fund of Hedge Funds (FoFs) in Massachusetts
Below is a partial list of fund of funds in the state of Massachusetts:

Firm	City	State	WeWebsite	Type
Balter Capital Management	Boston	MA	www.baltercap.com	Fund of Funds
Flag Capital Management	Boston	MA	www.flagcapital.com	Fund of Funds
Gottex Fund Management	Boston	MA	www.gottexfunds.com	Fund of Funds
Grove Street Advisors	Wellesley	MA	www.grovestreetadvisors.com	Fund of Funds
Highmount Capital	Boston	MA	www.highmountcapital.com	Fund of Funds
Knightsbridge	Cambridge	MA	www.knightsbridgeusa.com	Fund of Funds
Park Street Capital Advisors	Boston	MA	www.parkstreetcapital.com	Fund of Funds
PCG Asset Management	Waltham	MA	www.pcgam.com	Fund of Funds
Permal Capital Managemetnt	Boston	MA	www.permalcapital.com	Fund of Funds
Rockefeller & Co.	Boston	MA	www.rockco.com	Fund of Funds
Silvercrest Asset Management Group	Boston	MA	www.silvercrestgroup.com	Fund of Funds

Source: HedgeFundJobList.com

List of Fund of Hedge Funds in New Jersey

Fund of Hedge Funds (FoFs) in New Jersey
Below is a partial list of fund of funds in the state of New Jersey:

Firm	City	State	Website	Type
Benchmark Plus	Freehold	NJ	www.bpfunds.com	Fund of Funds
Fregoire Capital	Millburn	NJ	www.gregoirecapital.com	Fund of Funds
Pine Grove Associates	Summit	NJ	www.pinegroveassociates.com	Fund of Funds
Riverview Alternative Investment Advisors	Red Bank	NJ	www.riverviewadvisors.com	Fund of Funds
Sandalwood Securities	Roseland	NJ	www.sandalwoodsecurities.com	Fund of Funds
Summit Private Investments	Summit	NJ	www.spifunds.com	Fund of Funds
Tapestry Asset Management	Princeton	NJ	www.tapestryam.com	Fund of Funds
The MDE Group	Morristown	NJ	www.mdegroup.com	Fund of Funds

Source: HedgeFundJobList.com

List of Fund of Hedge Funds in New York

Fund of Hedge Funds (FoFs) in New York
Below is a partial list of funds of funds in the state of New York:

Firm	City	State	Website	Type
47 Degrees North Capital Management	New York	NY	www.47n.com	Fund of Funds
AC Investment Management	New York	NY	www.acimfunds.com	Fund of Funds
Adair Capital	New York	NY	www.adaircapital.com	Fund of Funds
Advanced Portfolio Management	New York	NY	www.apmcap.com	Fund of Funds
Aetos Capital	New York	NY	www.aetoscapital.com	Fund of Funds
Alpha Beta Capital Management	New York	NY	http://alphabetacapital.com	Fund of Funds
Alterama	New York	NY	www.alterama.com	Fund of Funds
Apache Capital	New York	NY	www.apachecapital.com	Fund of Funds
Arden Asset Management	New York	NY	www.ardenasset.com	Fund of Funds
Asset Alliance	New York	NY	www.assetalliance.com	Fund of Funds
Atlas Capital Group	New York	NY	www.atlas-cap.com	Fund of Funds
Auda Hedge	New York	NY	www.auda.net	Fund of Funds
Auda Private Equity	New York	NY	www.auda.net	Fund of Funds
Augustus Capital Trading Advisors	New York	NY	www.augustuscap.com	Fund of Funds
Barlow Partners	New York	NY	www.barlowpartners.com	Fund of Funds
Beam Capital Management	New York	NY	www.beamcap.com	Fund of Funds
Berens Capital Management	New York	NY	www.berenscapital.com	Fund of Funds
Blue Elite Funds	New York	NY	www.blueelitefunds.com	Fund of Funds
Bridgeworth Capital Management	New York	NY	www.bridgeworth.com	Fund of Funds
Brown Advisory	Fishkill	NY	www.brownadvisory.com	Fund of Funds
Butler Capital Investments	New York	NY	www.butlercap.com	Fund of Funds
Butler Capital Investments	Old Westbury	NY	www.butlercap.com	Fund of Funds
CA Partners	New York	NY	www.capartnersfunds.com	Fund of Funds
Cadogan	New York	NY	www.cadoganmanagement.com	Fund of Funds
Carleon Capital Partners	New York	NY	www.carleoncapital.com	Fund of Funds
Castlestone Management	New York	NY	www.castlestonemanagement.com	Fund of Funds
CDK Group	New York	NY	www.cdkgroup.com	Fund of Funds
Conrad Capital Management	Melville	NY	www.conradcapital.com	Fund of Funds
Corbin Capital Partners	New York	NY	www.corbincapital.org	Fund of Funds
Dawson-Herman Capital Management	New York	NY	www.dawsonherman.com	Fund of Funds
Dominick & Dominick	New York	NY	www.dominickanddominick.com	Fund of Funds
Dunbar Capital	New York	NY	www.dunbarcapital.com	Fund of Funds
EIM Group	New York	NY	www.eimgroup.com	Fund of Funds
Endevon Capital	New York	NY	www.endevoncapital.com	Fund of Funds
Entrust Partners	New York	NY	www.entrustcapital.com	Fund of Funds
Ferro Capital	New York	NY	www.ferrocapital.com	Fund of Funds

Source: HedgeFundJobList.com

List of Fund of Hedge Funds in Pennsylvania

Fund of Hedge Funds (FoFs) in Pennsylvania:
Below is a partial list of fund of funds in the state of Pennsylvania:

Firm Name	City	State	Website	Type
Ariane Capital Partners	Villanova	PA	www.arianepartners.com	Fund of Funds
Butcher's Hill Capital	Bristol	PA	www.butchershillcapital.com	Fund of Funds
FIS Group	Philadelphia	PA	www.fisgroup.com	Fund of Funds
Franklin Park	Bala Cynwyd	PA	www.franklinparkllc.com	Fund of Funds
Gardner Lewis Asset Management	Chadds Ford	PA	www.gardnerlewis.com	Fund of Funds
Grosvenor Capital Management	Philadelphia	PA	www.grosvenor.com	Fund of Funds
Hirtle, Callaghan & Co.	West Conshohocken	PA	www.hirtlecallaghan.com	Fund of Funds
Longboat Capital Management	Pittsburgh	PA	www.longboatcm.com	Fund of Funds
McCabe Capital Managers	King of Prussia	PA	www.mccabecapital.com	Fund of Funds
Newmarket Capital Partners	Philadelphia	PA	www.newmarketcapitalpartners.com	Fund of Funds
Peregrine Advisors	Wexford	PA	www.peregrineadv.com	Fund of Funds
Persimmon Capital Management	Blue Bell	PA	www.persimmoncapital.com	Fund of Funds
Rosemont Investment Partners	West Conshohocken	PA	www.rosemontpartnersllc.com	Fund of Funds

Source: HedgeFundJobList.com

List of Fund of Hedge Funds in Texas

Fund of Hedge Funds (FoF) in Texas:
Below is a partial list of fund of funds in the state of Texas:

Firm Name	City	State	Website	Type
Crestline Management	Fort Worth	TX	www.crestlineinvestors.com	Fund of Funds
Double Eagle Capital Management	Irving	TX	www.doubleeaglecapital.com	Fund of Funds
Fischer-Seitz Capital	Houston	TX	www.fischer-seitz.com	Fund of Funds
International Capital Management Corporation	Dallas	TX	www.icmc.com	Fund of Funds
Kenmont Capital	Houston	TX	www.kenmontcap.com	Fund of Funds
LCM Global	Dallas	TX	www.lcmglobal.com	Fund of Funds
Salient Advisors	Houston	TX	www.salientpartners.com	Fund of Funds
Third Coast Capital Management	Austin	TX	www.thirdcoastcap.com	Fund of Funds

Source: HedgeFundJobList.com

Top 50 Hedge Funds 2009

Below is a list of the Top 50 Hedge Funds for 2009. (Based on 2009 YTD Performance):

Fund	Country of Domicile	2009 YTD Return
GJ Investment Funds	USA	594.00%
LaGrange Special Situations Yield	Cayman Islands	457%
CKP Masters Aggressive Program	Switzerland	257%
LaGrange Capital Partners	USA	218%
Gaia Resources Fund	Cayman Islands	215%
Group G Investments	British Virgin Islands	202%
BTR Global Energy Fund	Cayman Islands	193%
RAB Northwest Warrant Fund	Cayman Islands	192%
Russian Prosperity B	Cayman Islands	189%
Russian Prosperity C	Cayman Islands	187%
Constellation Fund Equities	USA	186%
Russian Prosperity A	Cayman Islands	184%
Prosperity Cub	Cayman Islands	181%
Senvest Partners	Cayman Islands	179%
MMA Multigestion Emergents	France	176%
Vltava Sicav	Malta	173%
Troika Russia Fund	Cyprus	168%
Dynamic Power Hedge	Cana	160%
Kaltchuga Fund	British Virgin Islands	161%
Loyola Capital Partners	USA	158%
Salida Multi Strategy	USA	156%
AUK Capital Partners	USA	154%
Loyola Capital Fund	USA	154%
FAMA Brazil Challenger Equity	Cayman Islands	150%
Gerbino Gold Group	USA	147%
Victoire Selection Brazil	Cayman Islands	147%
Polo Fund	Cayman Islands	143%
Olesen Capital	USA	142%
ALphaNorth Partners Fund	Canada	142%
UFG Russia Alternative Fund	Cayman Islands	142%
GFTC New Value Trust	Canada	141%
Thunder Silver Partners	USA	140%
The Prosperity Quest Fund	Cayman Islands	140%
Zhongyuan Licai Hongli Longying Trust	China	137%
Golden China Fund	Cayman Islands	137%
Front Street Candian Energy Fund	Canada	136%
Ocean Star Fund	China	136%
Southridge Partners	USA	136%
Andromeda Global Credit	USA	135%
Golden China US Fund	Cayman Islands	135%
Investcorp Silverback Arbitrage	USA	135%
Barnegat Fund	Bermuda	132%
Concise Capital Offshore Fund	Cayman Islands	132%
Meridian Glb Gold & Resources	British Virgin Islands	130%
Elevated Value Focus	USA	127%
Thunder Gold Partners	USA	127%
FPP Yellow Tiger China Fund	Cayman Islands	126%
India Synthetic Warrant Fund	Guernsey	125%
Skopos Fund	Cayman Islands	124%
CAAM Invest	Luxembourg	124%

You will notice that most of the best performing hedge funds in 2009 are commodity and emerging markets funds.

Number of New Hedge Fund Launches Rises

After a slow year, the pace of new hedge fund launches is beginning to take off.

"It's a promising environment for new hedge funds," said Alex Ehrlich, the global head of Morgan Stanley's prime services business. "Money is coming in from seasoned investors, many of whom are preparing to redeploy capital."

In 2008, more than twice as many hedge funds liquidated as opened.

Here is a list of some new hedge fund launches in 2009/2010 (also includes established companies launching new funds):
Beacon Light Capital
RoundKeep Capital Advisors
Roc Capital Management
Ambit Capital
QuantZ Capital Management
Theory Capital Management
Flintlock Capital Asset Management
Black River Asset Managment
Van Hulzen Asset Management
Raffi Capital Management
SLP Capital
Esplanade Capital
Sugarloaf Rock Capital
Tidewater Capital
Harrier Hawk Management
Raven Rock Capital
Mudrick Capital

Hedge Fund Jobs Poised to Recover

Hedge Fund Jobs Poised to Bounce Back after Rough 2009:
After a slow summer, hedge fund jobs are poised to bounce back. This is according to the 2009 Hedge Fund Employment Report.

The report also details a number of other interesting facts about hedge fund jobs:

• Unsurprisingly, New York, Connecticut, and Massachusetts are the best states for getting hedge fund jobs.
• Greenwich, Boston, San Francisco, and New York are the best cities for getting hedge fund jobs.
• 2010 should have improved conditions for getting a hedge fund relative to 2009.

Very informative. You can read the full report here.