Monthly Archives: April 2017
Fund Managers Reveal Their Currency Strategies
(Bloomberg) Short the dollar on any bounce. Bet on a recovery of the euro after the French elections. Position for the yuan to strengthen. These are some of the strategies fund managers such as AMP Capital Investors Ltd. and Amundi […]
We just saw ‘one of the most catastrophic periods’ for hedge funds in decades
(Business Insider) It’s been a rough several months for hedge fund investors. Third Point’s Dan Loeb thinks this period has been the toughest since Third Point opened up shop in December 1996. At the top of his latest letter to […]
Positive Returns and Negative Flows for Hedge Funds in March
(Daily Alts) Positive Returns and Negative Flows for Hedge Funds in MarchMarch 2016 was the best month for hedge funds in two years, with overall industry performance coming in at +2.29% for the month, according to eVestment. Nevertheless, investors withdrew […]
What Do Institutional Investors Want from Their Hedge Fund and Private Equity Portfolios?
(Preqin) Institutional investors are a vital source of capital for the alternative assets industry and, as the industry matures, private equity and hedge funds have come to play an increasingly important role in investors’ portfolios. Preqin’s Private Equity Online and […]
Hedge Fund Hires British Earl As Partner
(eFinancial Careers) Never let it be said that financial services careers in the City are the preserve of the British elite – but a London hedge fund has just hired an Earl. William De La Warr, also known as Lord […]
Deutsche Bank Lures Hedge-Fund Money As Credit Concern Abates
(Bloomberg) Deutsche Bank AG said hedge funds are parking more money at its prime brokerage, even amid difficult markets, as the German lender has reassured investors of its worthiness as a counterparty. Prime finance was “supported by higher client financing […]
Fortress Divests Control Of Convex Asia Amid Fund Shakeout
(Bloomberg) Fortress Investment Group LLC is exiting its Convex Asia strategy, the latest to divest control of a business amid the hedge-fund industry’s biggest shakeout since the 2009 financial crisis. City Financial Investment Company Ltd., based in London, has agreed […]
Ex-Merrill’s Wittlin To Shut WCG Hedge Fund After Nine Years
(Bloomberg) Barry Wittlin, a former top proprietary trader at Merrill Lynch & Co. who manages money for billionaire Alan Howard’s hedge fund, is closing his firm after almost a decade. Wittlin said he will liquidate assets in his hedge fund […]
Equinoxe Alternative Investment Services awarded ‘Best Administrator for Middle Office Services” at the HFM European Hedge Fund Services Awards 2016
(HedgeCo.Net) Equinoxe has been awarded Best Administrator for Middle Office Services at the HFM European Hedge Fund Services Awards 2016 at the Hurlingham Club in London. These awards recognize and reward those hedge fund service providers that have demonstrated exceptional […]
The Failure of Hedge Fund Neutrality
(Bloomberg) It’s been a terrible six months for hedge funds, so bad that Third Point said in a letter on Tuesday that some strategies had become “a hedge fund killing field.”The pain has been particularly severe for so-called market neutral […]
Hedge Fund Investors Have Fallen in Love With Merger Arb (Again)
(Bloomberg) With hedge funds losing money and bleeding assets, a handful of firms and clients are pinning their hopes on corporate marriages — just as the best returns might be behind them. Billionaire John Paulson’s Paulson & Co., Manikay Partners, […]
Ex-Citi Exec Sues Claiming Whistle-Blower Mistreatment
(Bloomberg) Marco Arosio, a former executive at Citigroup, sued the bank for unfair dismissal, according to filings from a London employment tribunal. The complaint by Arosio, who worked in rates trading and structuring according to his LinkedIn page, alleges his […]