Tiger Asia Management LLC, the New York-based hedge fund being investigated by U.S. and Hong Kong regulators, fell 16 percent this year, hurt by bets against Chinese stocks, said a person with knowledge of the firm.
Yale University, whose endowment strategy is a model for U.S. schools, said its investments rose 8.9 percent, trailing Harvard University and the three other Ivy League funds that have reported returns for the past year.
SAC Capital Advisors LP and Wellington Management Co. received requests for documents from federal investigators looking into insider trading, according to two people familiar with the matter. Janus Capital Group Inc. also was asked for information.
Lee Ainslie’s Maverick Capital Management LP, Steve Mandel’s Lone Pine Capital LLC and Ricky Sandler’s Eminence Capital LLC are beating global markets in 2012 as most stock hedge funds underperform for a fourth straight year.
Winton Capital Management LLC, the London-based firm founded by David Harding, collected more than a 10th of the cash flowing into hedge funds this year as a handful of managers dominated money-raising.
Daniel Och , founder of $25 billion hedge fund firm Och-Ziff Capital Management Group LLC , looks out from the podium over the crowd of investors and money managers nibbling on chicken salad at Manhattan’s St. Regis hotel and repeats a quip from investor Warren Buffett .