Skittish investors made it a painful year-end for hedge funds

Hedge funds got a double dose of pain at the end of 2018. Skittish investors yanked $ 22.5 billion during the fourth quarter from the $ 3.1 trillion in assets managed by the struggling hedge fund sector, according to report released by Hedge Fund Research on Friday. That’s on top of the average hedge fund tanking 5.8…
Business | New York Post


Hedge fund Elliott raises pressure on Mitek after takeover bid rejected

Hedge fund Elliott Management on Tuesday asked Mitek Systems Inc to scrap a so-called “poison pill” to let it buy more stock and said it may press for board changes after the software company took…

Reuters: Wealth


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Eddie Lampert’s hedge fund claims no ‘windfall’ from Sears demise

Think billionaire Eddie Lampert made a bundle off Sears’ demise? “Nothing could be further from reality.” That’s according to testily written court papers filed on Friday by Lampert’s hedge fund ESL Investments, which fired back at accusations that its deals to siphon off Sears assets over the past decade — from department stores to the…
Business | New York Post