HedgeFundBlogger.com Daily Newsletter by Richard Wilson |
Posted: 27 Apr 2011 08:57 PM PDT New York Hedge Fund IndustryNew York Still Dominates the Hedge Fund IndustryThe latest estimates reinforce a bit of common knowledge: New York is the home of the hedge fund industry. Second place belongs to London, but the city only manages about half of what New York City hedge funds controls.New York manages by far the most hedge fund assets compared with other cities in the world, with London in a distant second place, according to research from TheCityUK. Related to: New York Hedge Fund IndustryTags: New York Hedge Fund Industry, New York Hedge Fund, New York Hedge Funds, New York City Hedge Fund Industry, New York City Hedge Funds |
Longtop Financial Technologies Hedge Funds Posted: 27 Apr 2011 08:41 PM PDT Longtop Financial Technologies Hedge FundsHedge Funds with Stakes in Longtop Financial TechnologiesThe last couple of days have not been kind to Longtop Financial Technologies, or its hedge fund investors. The firm's stock has fallen an incredible 25% in the last few days since Citron Research put out a report alleging that Longtop Financial Technologies' financial statements were fraudulent. Seven hedge funds may have been hurt by this as they held large positions in the firm at the end of 2010.1. Lee Ainslie's Maverick Capital: $142 Million invested at the end of December Related to: Longtop Financial Technologies Hedge FundsTags: Longtop Financial Technologies Hedge Funds, Longtop Financial Technologies, Hedge Funds Longtop, Investors, Fraud |
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