Text size [+][-] Saturday November 21 2009GLOBAL EDITION
Home > Hedge funds
By Richard Beales
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The House oversight committee questioned John Paulson of Paulson & Co, George Soros, Jim Simons of Renaissance Technologies, Philip Falcone of Harbinger Capital Partners and Ken Griffin of Citadel at a hearing on November 13. The average hedge fund lost 15% in the 10 months to October, according to Hedge Fund Research. Funds are facing volatile markets and redemption requests from investors. Some have closed down, but unlike the more heavily regulated banks and other financial institutions affected by the ongoing credit woes, no hedge funds have yet received any government money. Investment firms managing more than $100m are due this week to lodge 13-F filings with the US Securities and Exchange Commission detailing their holdings of US stocks at September 30.
richard.beales@breakingviews.com