Monthly Archives: August 2010
‘Cruz Missile’ Takes Off With New Fund
WSJ – Zoe Cruz, the former Morgan Stanley (MS) fixed-income banker whose direct style and profit-machine status earned her the nickname “Cruz missile,” has finally lifted off with her own hedge fund Voras Capital Management. Cruz, who has been fund-raising […]
Graham Capital Hedge Fund Hires Deutsche Bank’s Calderini
Bloomberg – Graham Capital Management LP, the $6.8 billion hedge-fund firm run by Ken Tropin, hired Pablo Calderini, the former head of equity proprietary trading at Deutsche Bank AG, as chief investment officer. “We plan to hire about 10 traders […]
Crude Oil Rises From Lowest in a Month Before U.S. Manufacturing Report
Bloomberg – Crude oil traded near its lowest level in a month in New York as retreating equities reinforced concern that the recovery will not be strong enough to revive fuel demand. Futures had gained as much as 0.7 percent […]
Hedge Funds Storm Back Into Treasurys, Corporate Bonds -Study
Dow Jones – Hedge funds stormed back into U.S. fixed-income markets this year, research and consulting firm Greenwich Associates said Wednesday, as these strategies outperformed stocks and other participants in the markets retreated. According to a survey of investors, Greenwich […]
Northern Trust wins £350m mandate for Dalton Strategic Partnership Funds
ISJ – Northern Trust wins £350m mandate for Dalton Strategic Partnership Melchior funds to provide custody and fund administration services Northern Trust has been appointed by global investment managers Dalton Strategic Partnership LLP to provide custody and fund administration services […]
Europe’s top 10 hedge fund managers take off
DowJones – A return of investor sentiment has helped Europe’s largest hedge funds lift their assets by more than a fifth over the past year, according to Financial News’ annual review of Europe’s biggest hedge funds, but a preference for […]
People Moves: Global Hedge Fund Manager BTIG Appoints Michael Nethercott as a Director
New York (HedgeCo.net) – Institutional trader, broker dealer and hedge fund related brokerage services company, BTIG, has appointed Michael Nethercott as a Director in Equity Sales Trading. Nethercott joins BTIG from Lighthouse Financial Group, where he was part of the […]
Apollo Said to Shut Metals Hedge Fund in London
Bloomberg – Apollo Management LP, a private- equity firm co-founded by Leon Black, closed its metals hedge fund in London, according to two people with direct knowledge of the matter. The New York-based firm put $40 million into the Apollo […]
Asia ex-Japan hedge funds lead gains in July-report
Reuters – Hedge funds focusing on Asia ex-Japan posted the strongest gains by region in July, but the funds remained in the red compared with the start of 2010, Eurekahedge said late on Tuesday. According to preliminary data from the […]
Hedge fund cuts Connaught stake after value tumbles
Reuters – Hedge fund Breeden European Partners has more than halved its stake in troubled social housing repairs group Connaught, after the value of its holding plunged by more than 13 million pounds in recent weeks. Breeden European, which was […]
Ex-Farallon Capital Manager Said to Plan Third Asia PE Fund
Bloomberg – Quvat Management Pte, run by a former executive of Farallon Capital Management LLC’s Indonesian affiliate, is raising its third private-equity fund focusing on Southeast Asia, said three people with knowledge of the matter. The Singapore-based firm, led by […]
Hedge Funds Turn Bullish On Equities
WSJ – Hedge funds have embarked on a buying spree of equities for the first time since before the Greek sovereign debt crisis, lured in by rising equity markets and lower volatility. Hedge funds became net buyers of equities–meaning that […]