HEDGE FUND NEWS

Bloomberg - Nicola Horlick’s money-management firm, Bramdean Alternatives Ltd., pulled money out of hedge funds run by Nobel prize-winner Myron Scholes and James Dinan to focus on more defensive funds as volatility increases.
“In response to the continuing market turbulence,” Bramdean “is increasing the focus on capital preservation,” the London-based company said in a statement today. […]

Boston Globe - Massachusetts again has some of the best money managers in the world. But unless you’re a public employee or the parent of a Harvard student, you won’t benefit much from this tremendous talent.

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Wealth Bulletin- Money managers at public pension funds have adopted a surprisingly bullish stance on investing in hedge funds despite the turmoil plaguing the alternative investment vehicles, a recent survey by Hedge Fund Manager Week showed, according to a report in The New York Times.
About 50% of the respondents said they already allotted a […]

Bloomberg - Whenever pension funds, mutual funds and insurance companies decide they should own dollar assets that are out of favor with hedge funds, the hedge funds lose.
Institutional investors bought more dollars than they’ve sold this year, according to State Street Corp. and Bank of New York Mellon Corp., the largest money managers for institutions. […]

Bloomberg- Whenever pension funds, mutual funds and insurance companies decide they should own dollar assets that are out of favor with hedge funds, the hedge funds lose.
Institutional investors bought more dollars than they’ve sold this year, according to State Street Corp. and Bank of New York Mellon Corp., the largest money managers for institutions. That’s […]

Reuters) - Starting a hedge fund was long considered the road to riches for money managers, but the path has become much rockier in the last months.
"It is materially harder to start a hedge fund today than it was two or five years ago," said David Bailin, who heads Bank of America Corp’s alternative investments […]