Alternative Assets Internship Applying for an Internship at an Alternative Assets Firm Below is a guest post by Theo O'Brien of Private Equity Blogger.com on landing an internship or job in private equity and hedge funds. Also see our collection of hedge fund career resources here. About a year ago, I published a post here asking for interns to help with the private equity blog, the Private Equity Investment Group networking association, writing the free private equity e-book, and similar p... Read Full Story

Onshore Versions of Hedge Funds Hedge Funds Planning to Launch Onshore Versions We've been reporting on the changes to the European hedge fund industry and the latest development comes from Hedge Fund Intelligence which reports that over half of European hedge funds are planning to set up regulated onshore versions of their strategies or have already established these onshore funds.  In a survey of 650 houses, one fifth of European hedge fund managers have launched or are in the process... Read Full Story

Richard Wilson's Background My name is Richard Wilson and my background is in capital raising and working with hedge fund managers.  My career in the industry started in 2002 when I completed a project completing leading indicator trading research for a German-based hedge fund.  My job was to analyze the correlation and relationship between the currencies and commodities of Japan, New Zealand and Australia.  It was through this first project that I begin to learn about how hed... Read Full Story

Hedge Funds Stock Market Hedge Funds Investing More in Stock Market Hedge funds invested heavily in the stock market during the third quarter of 2009.  This represents hedge funds' biggest appetite for stock market risk in two years and may signal a broader recovery of the financial industry.  Goldman Sachs' most recent Hedge Fund Trend Monitor found that hedge funds amassed just over $600 billion of long equity positions and with an estimated $363 billion in short positions, net l... Read Full Story

Galleon Fund Defense Galleon Fund Disputes Government's Accusations Raj Rajaratnam of Galleon Fund is disputing the government's accusations that he participated in insider trading.  Mr. Rajaratnam's attorneys also argued that the government misled a judge when obtaining wiretaps. Billionaire hedge fund operator Raj Rajaratnam's (RAHJ rah-juh-RUHT'-nuhm) lawyers made the arguments in papers filed Tuesday in federal court in Manhattan. The Sri Lanka-born Rajaratnam is among 20 people c... Read Full Story

Hedge Funds Bank Capital Banks Raise 40% of Capital From Hedge Funds This Year Banks have been looking to anyone for capital to overcome the credit crisis and apparently hedge funds have been one of the largest rescuers.  A recent report estimates that hedge funds account for 40% of the capital raised by American and European banks this year, allowing the struggling banks to meet government capital requirements and avoid bankruptcy.  This could be a reason for minimizing the regula... Read Full Story

Hedge Funds Frozen Assets  Lehman May Return $11 Bil of Frozen Hedge Fund Assets Hedge funds have been fighting to regain over $35 billion of hedge fund assets which were frozen following the investment bank's fall last year.   Hedge funds are now considering a proposal that would return at least $11 billion of the frozen assets by March.  The proposal, put together by PricewaterhouseCoopers [PWC.UL], requires approval by 90% of Lehman's clients. "This agreement has been... Read Full Story

Citadel Investment Group Investors Citadel Seeks to Regain Investors' Trust After Steep Losses The story of Citadel's Kenneth Griffin is a great illustration of the obstacles facing hedge funds.  Last year, during the financial crisis Griffin's hedge fund lost $8 billion of his investors money and now he is in the difficult position of having to regain their trust.  Citadel Investment Group's larger hedge funds lost 55%, much higher than the average 19% decline.  Those losses ... Read Full Story

Hedge Funds Gold UpdateBig Hedge Funds Investing More and More in Gold Earlier this year we reported the trend of hedge funds investing in gold (see this story).  Hedge funds are concerned that government efforts to stabilize the economy will have a weakening effect on U.S. and European currencies.  In economic uncertainty, gold is often seen as a safe and profitable investment.  John Paulson is preparing to launch a gold fund in January and his hedge fund firm has become the l... Read Full Story

Future of Offshore Hedge Funds Future of Offshore Hedge Funds After the Financial Crisis With a wave of new regulations aimed at the hedge fund industry, it's hard to predict what the state of the industry will be in a couple years.  I found an interesting article discussing specifically the future of offshore hedge funds.  It is likely that the regulation will include not only European or American funds but also cover managers or investors operating offshore, so offshore hedge fun... Read Full Story