Monthly Archives: January 2016
Passport Executive Garry to Depart $4.4 Billion Hedge Fund Firm
(Reuters) Tim Garry, second-in-command at $4.4 billion hedge fund firm Passport Capital, has decided to leave, according to a letter sent to clients on Thursday morning seen by Reuters.”Given his achievements at Passport, Tim is ready for a role with […]
Blackstone to launch hedge fund platform Senfina in Britain
(Reuters) – Blackstone Group is planning to bring its multi-manager hedge fund platform Senfina Advisors to Britain, three sources with direct knowledge of the move told Reuters.The platform, which allows investors to access a number of underlying hedge fund managers, […]
Chaos in China, One Hedge Fund Manager Dumps Everything
New York (HedgeCo.net) – The year has started as badly as possible for most world stock markets, but China’s market has seen the worst of it as the Shanghai Composite Index is down 11.7% in the first week and two […]
Time For Worried Investors To Start Betting On Hedge Funds?
(CNBC) Money spent on the high fees that come with investing in hedge funds might seem to have been a waste over the last six years, considering the performance of traditional assets. But with the bull market in stocks now […]
As Rival Hedge Funds Close, This London Short Seller Returned 20%
(Bloomberg) Horseman Capital Management’s biggest hedge fund gained 20.4 percent in 2015, with long running bets that stocks would drop paying off as global equity markets declined.The $867 million Horseman Global Fund, managed by Russell Clark, returned 5.6 percent in […]
PwC In $55 Million Settlement With Madoff Feeder Fund Investors
(Reuters) Price Waterhouse Coopers agreed to pay $55 million to settle claims it failed to audit properly the books of Fairfield Greenwich Group, the biggest operator of “feeder funds” for now-imprisoned swindler Bernard Madoff, court papers showed. The all-cash settlement […]
HSBC Downgraded By JPMorgan As Bad Loans In Asia Set To Surge
(Bloomberg) HSBC Holdings Plc will be one of the worst performers among European banks this year as waning growth in emerging markets more than doubles the bank’s bad loans in Asia, according to analysts at JPMorgan Chase & Co. HSBC’s […]
Brevan Howard’s Main Hedge Fund Down 1.99 Percent for 2015
(Reuters)Leading European hedge fund firm Brevan Howard’s main hedge fund lost 1.99 percent for 2015 after falling 3.91 percent in December, according to performance information seen by Reuters. It was the large fund’s second consecutive annual loss. The firm, led […]
Hedge fund is sick of Yahoo CEO Marissa Mayer
(CNN. MONEY) Starboard Value, an activist investing firm that owns a stake in Yahoo, wrote a scathing letter Wednesday to Mayer, Yahoo chairman Maynard Webb and the rest of the company’s board.In the letter, Starboard Value managing member Jeffrey Smith […]
Hedge Fund Asset Growth to Continue According to Outlook
New York (HedgeCo.net) – Institutional investment research firm eVestment recently released their 2016 Hedge Fund Industry Outlook and the firm sees the hedge fund industry continuing to grow. eVestment used data from 2015 as well as industry news and trends […]
Brevan Howard Making News on Two Fronts
New York (HedgeCo.net) – Geneva-based hedge fund firm Brevan Howard made news on two different fronts yesterday. On the one hand you had a story featured in a number of UK-based media outlets that centered on the firm’s profitability and […]
Why Hedge Fund Inflows Shrank in 2015
(Barron’s) Withering interest forfixed-income and “event-driven” investment strategies handedhedge funds a sluggish inflow in 2015 compared with a year earlier,according to a report from research firm eVestment. Through November2015, hedge funds had attracted $66.6 billion, on pace to finish wellbelow […]