Sunday, 22nd November 2009

 

5 February 2009 - Press Briefing

Hedge funds post modest gains

The average hedge fund is up more than 1% this year, preliminary figures from Hedge Fund Research have shown, according to report in The Wall Street Journal.

Tudor Investment Corp’s BVI Global fund, with $10bn (€7.8bn) in client assets, is believed to have gained almost 2.5% through late January. Multistrategy hedge funds run by Dan Loeb at Third Point and Phil Falcone at Harbinger have also been in the black through late January, investors said, as cited in the WSJ report.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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