Gaia faces heavy redemptions after Japan earthquake (Fund News)
Gaia Capital Management's Japan-focused hedge fund, started by a former Goldman Sachs trader, lost more than three quarters of its roughly $150 million assets in just two months as the March 11 earthquake blew aside its assumptions, a letter to investors obtained by Reuters showed.
RAB Capital, the beleaguered hedge fund that was once a poster child for London??s finance boom, is to delist amid a crippling wave of redemption requests from investors.
Clive Capital loses more than $400m in last weeks oil slide (Fund News)
Clive Capital, the world's largest commodity hedge fund, lost more than $400 million due to the collapse of the price of oil last week, according to the Financial Times on Sunday.
Kiener confesses to running a Ponzi-Scheme (Fund News)
K1 Group founder Helmut Kiener, accused of running a $500m Ponzi scheme, told a court he manipulated account statements and lacked the ??courage? to shut his hedge fund after he realized the scale of the losses.