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Intelligence
The firm recently reduced its 30% firmwide side pocket to a 20% investor-level threshold.
The Third Point Offshore Fund was up 19.2% through the end of April and remains far ahead despite losing ground in May.
After closing his firm, Intrepid founder Steve Shapiro plans to expand his investment focus.
Citadel will move into the 6,800-square-foot office in early June.
Mark Kingdon's $4.6 billion firm eliminated an early redemption penalty.
Whitebox Advisors and Alden Global are among those to raise more than $100 million for new funds in recent months.
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In-depth
Demand for aid went up during the recession—at the same time growth of hedge fund philanthropy slowed.
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The Interview
The Republican candidate for comptroller is a former partner of Silver Point Capital.
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The Niche Player
Pine River Capital Management has grown from a $5 million fund operating out of a cabin in the woods to a $1.8 billion firm.
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Profile
Beaten-down markets have been a boon for Baupost, which has become the sixth-largest hedge fund in the United States & a force to be reckoned with.
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Research and Rankings
At least $587 billion in U.S. hedge fund assets now use independent administrators, up from $438 billion last year. Citco continues to be the top administrator, with $147 billion, according to the AR database.
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Strategies
Though last year's easy trades are gone, clever managers are still finding ways to play the capital structure game.
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Performance
Boston-based Venus Capital Management, a firm set up in 1994 by former PaineWebber broker Vik Mehrotra, plans to open its global macro strategy to outside investors in 2011.