Paulson to open second real estate fund (Fund News)
Bloomberg reports that Billionaire John Paulson is starting another private-equity fund to invest in real estate, marking the second time this month that his money-management firm has revealed plans to raise additional assets.
Lansdowne exits Prudential short after �??meaningful�?? losses (Fund News)
Bloomberg reports that Lansdowne Partners Ltd., the biggest European hedge-fund firm focused on stock picking, said it abandoned a more than four-year bearish bet against Prudential Plc (PRU) after suffering �??meaningful�?� losses.
Benros Capital Partners LLP, a London hedge fund founded by former Goldman Sachs Group Inc. (GS) traders, is shutting down after less than two years as shareholder Brummer & Partners AB pulled its investment.
Commodity hedge funds lose nearly a quarter of AuM (Fund News)
Commodity hedge funds lost at least 20 percent of their assets last year after investors pulled out large sums following the sector�??s worst annual performance in more than a decade.