Wealth Bulletin- Odey Asset Management has created a fund of hedge funds subsidiary to broaden its offering to wealthy investors.
It has hired two people from Credit Suisse to run the business from Guernsey. The business marks a new direction for the hedge fund manager. Last week, Financial News reported the firm will close its $39m […]
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Los Angeles Times - The hedge fund industry can only exist because investors believe their fund managers will deliver above-average returns over time, despite the portfolios’ hefty fees.
Master investor Warren Buffett, who has long derided those fees, now has made an interesting bet with a firm that runs so-called funds-of-hedge-funds: He’ll beat their net returns […]
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Asian Investor - Hedge fund manager CQS has hired Michael Schulz and Laura Hui from the prime broking department of Lehman in Hong Kong.
Schulz is taking the post of risk manager for Asia at CQS. In Lehman’s prime broking unit, he was senior vice-president for portfolio financing and risk management. Between 2000 and 2005, he […]
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