Category Archives: Syndicated
U.K. Hedge Funds Look to European Watchdog to Ease Brexit Fears
(Bloomberg) The future of London as the hedge-fund capital of Europe, along with the 700 billion pounds ($906 billion) of assets money managers control, may be determined by a market watchdog this month. The Paris-based European Securities and Markets Authority […]
Ex-Barclays Traders Sentenced to up to Six-and-a-Half Years For Libor Rigging
(Reuters) Four former Barclays (BARC.L) bankers were sentenced to between 33 months and six-and-a-half years in jail by a London judge on Thursday for conspiring to rig global benchmark interest rates. Calcutta-born Jay Merchant, 45, the most senior of the […]
Temasek Puts $3 Billion in Avanda’s Hedge Fund-Like Vehicle
(Bloomberg) Temasek Holdings Pte put $3 billion with a fund managed by Avanda Investment Management Pte, started last year by former GIC Pte senior executives. The state investment firm invested with the Avanda Global Multi-Asset Master Fund, which is managed […]
Man Group’s Contrarian Ruble Bet Pays Off As Hedge Funds Rush In
(Bloomberg) Backing the ruble seemed like a lonely bet for Man Group Plc’s Guillermo Osses five months ago, but now the strategy is paying off — and the rest of the market is racing to catch up. The head of […]
South Korea Pension Picks Blackrock, Grosvenor To Manage Hedge Fund Investments
(Reuters) South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said it had chosen a BlackRock Inc unit and Grosvenor Capital Management to manage investments in funds of hedge funds in 2016. NPS, which plans to begin investing […]
China Hedge Funds Turn More Bullish On Stocks After Brexit Vote
(Bloomberg) China’s hedge fund managers, including some of the best performers during last year’s rout, are turning bullish on stocks as the nation’s shares remain resilient after Britain’s vote to leave the European Union. About 76 percent of funds planned […]
Dymon Hedge Fund Positioned On Right Side Of Brexit Tops Peers
(Bloomberg) A top-performing hedge fund is sticking with wagers on a stronger yen and a weaker pound after the positions paid off following the U.K. referendum to leave the European Union. The Dymon Asia Currency Value Fund jumped an estimated […]
Investors Added $6.57B into Hedge Funds in May; Macro Inflows Ahead Of Brexit
(Valuewalk) The hedge fund industry’s assets climbed above the psychological $3 trillion milestone for the first time in 2016 as investor allocations were positive for the third month in the last four. It appears the redemption pressures from last year’s […]
Maryland Endowment Plans to Cut Worst-Performing Hedge Funds
(Bloomberg) The University of Maryland’s endowment is planning to yank the most expensive and worst performing hedge fund investments, following other managers who are frustrated with high fees and low returns. “Some hedge fund managers are doing very well and […]
Two British Hedge Funds Out Of 67 Surveyed By Preqin May Leave Country
(Reuters) Two British hedge fund firms out of 67 surveyed by data provider Preqin are considering moving operations out of the country after the vote to leave the European Union on June 23. London plays host to $472 billion in […]
The world according to a $2 trillion investment chief you’ve probably never heard of
(The Business Insider) Mark Haefele is probably the most influential voice in the market you’ve never heard of. A former lecturer and acting dean at Harvard University who was also once a hedge fund manager, Haefele is now global chief […]
Growing Unease as British Mutual Funds Block the Exit Doors
(New York Times) This week, six asset management firms in Britain decided to refuse, for the moment, cash demands from those seeking to escape funds that invest in commercial real estate in the country. The rush for the exits followed […]