Indian hedge fund hits $500 million in assets with extraordinary returns – Reuters
Ravi Mehta, who started his fund, Steadview, with just $500,000 in July 2009, has seen assets balloon to $500 million. Focusing primarily on India, the fund has made 12 times the returns of peers with bets on consumer and tech stocks… Read more
Six years later, hedge funds still feasting on Lehman – Business Week
Six years since the financial crisis, a slect group of firms, including Paulson & Co., King Street Capital Management LP, Varde Partners Inc., Halcyon Asset Management LLC and Solus Alternative Asset Management LP continue to collect staggering amounts of money trading in the Lehman debt… Read more
The great hedge fund mystery: Why do they make so much? – The New Yorker
As Vox’s Matt Yglesias pointed out, the $21.1 billion accumulated by the top twenty-five hedge fund managers in 2013 was more than the combined salaries of all the kindergarten teachers in the country. Is the two and twenty here to stay?… Read more
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