117 articles found within the last year.
Displaying results 1 - 20
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UK hedge fund maintains pay limit as fund drops almost 20%
London hedge fund manager Polygon Investment Management is ... Polygon's partners' basic pay was to be limited ... The London firm's three directors are founders Paddy ... The flagship fund has lost about 19% this ... Polygon declined to comment. ... Hedge funds have long trumpeted the concept of...
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Short-selling ban hits 130/30 funds
The ban on shorting financial stocks that has ... But hedge funds are not alone in their ... These funds, which use leverage in an attempt ... However, none produced a positive return over the ... This is not what investors expected when 130/30 ... But Larry Tabb, chief executive of Tabb, said:...
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Managers fight for survival through a turbulent year
Investors have shifted from trying to identify which ... As another specialist warned an industry shake-out was ... The difference in returns between the best 10% ... Larger firms were supposed to be more able ... Last week, Gottex Fund Management said it was ... Furthermore, investors in the $790m flagship special situations...
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Brevan Howard recruits high-profile names
Brevan Howard Asset Management, Europe’s largest hedge fund ... Philippe Lespinard, formerly the deputy chief executive at ... Vilas Gadkari, a founder of Rubicon Fund Management ... Krishnan Sadasivam, a co-founder of hedge fund KDA ... Luigi Buttiglione has joined the firm from Fortress...
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Revenue doubles at hedge fund Trafalgar
UK hedge fund manager Trafalgar Asset Managers increased ... Trafalgar recorded income of £26.1m in the year ... The increase reflected an increase in the firm's ... The firm ran 11 funds last year and ... Trafalgar Asset Managers' directors said in the accounts, ... Administrative expenses fell last year from £14.8m to...
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Paulson breaks record as returns defy downturn
Hedge funds run by US manager John Paulson, ... Investors said the Paulson Advantage Plus fund was ... The hedge fund industry as a whole was ... Paulson's Advantage fund was up 13.22% for the ... Paulson turned a $500m investment in its Credit ... Paulson & Co as a whole managed $35bn...
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RAB Capital investors back flagship strategy
Investors in the flagship investment strategy of London's ... In a rare move for the hedge fund ... Investors' willingness to commit their funds despite a ... Small mining companies with shares on London's junior ... Falkland Oil & Gas, the £76m exploration company ... In separate news RAB Capital is taking a...
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Short-selling is down but not out as industry fights back
Hedge fund industry practitioners continue to support the ... At least 14 regulators banned investors from increasing ... This ban comes ahead of a critical date: ... Christophe Bernard, managing director and a member of ... He said industry assets could fall by 25% ... Fund of hedge funds manager Fauchier Partners said...
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130/30 funds feel the pinch after regulator’s ban
While many hedge funds have argued against regulatory ... A 130/30 fund invests its assets according to ... Now, after months of difficult equities markets, the ... Market participants are waiting to see what impact ... Damien Loveday, a manager researcher at investment consultant...
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Man Group loses $5bn of new money
London-headquartered hedge fund manager Man Group has lost ... Man Group released the figures in a statement ... Peter Clarke, chief executive of the London-listed company, ... The loss leaves the group with $70.3bn under ... John Godden, founder of hedge fund consultants IGS...
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Goldman prime broking chief 'to retire'
One of Goldman Sachs' three global co-heads of ... Ravi Singh is set to retire in November, ... Singh became a managing director of Goldman Sachs ... His retirement comes at the end of a ... Hedge fund managers and prime brokers said clients ... The cost of borrowing dollars shot up last...
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Data reveal short sellers not to blame for UK bank falls
Short sellers could not have been to blame ... The level of stock borrowing of HBOS shares, ... Investors need to borrow stock if they want ... The levels of stock borrowing of other UK ... Jacob Schmidt, chief executive of independent hedge fund ... UK politicians have lambasted hedge funds as "spivs"...
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US hedge funds cut short positions before freeze
Hedge funds in the US cut most of ... The US and UK financial regulators last week ... Short-selling is the practice of borrowing securities from ... However, a report by analysts at French bank ... The report cited figures from the Commodity Futures ... The report said: "The latest CFTC report available...
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Flagship RAB Capital strategy continues to fall
The former chief executive of RAB Capital, who ... Philip Richards resigned from his chief executive post ... The strategy has three feeder funds including two ... The net asset value of RAB's special situations ... Its shareholders will be paying particular attention to ... A spokesman for RAB Capital said the decision...
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Hedge funds quick to close short positions
Investors had largely closed their short positions in ... An expected bounce in the prices of the ... Hedge funds borrow stocks from investors that hold ... The Securities & Exchange Commission, which introduced a ... The most leant UK financials stock, as measured ... However the proportion of equities among the companies...
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Top manager leaves hedge fund
The director of markets at Aspect Capital has ... Robert Wakefield left Aspect on September 17 and ... His departure follows that of Adam, who along ... Prior to setting up Aspect, Adam, Lueck and ... Harding went on to form Winton Capital, the ... Aspect Capital managed $4.3bn of assets as of...
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Managers face staff defections as bonuses look shaky
Mediocre performance this year has left only one ... About 90% of funds are below their previous ... -3.29% this year to July 31, as well ... Tom Brown, European head of KPMG’s investment management ... Brown said: “You would not build your business ... David Billings, partner at lawyers Akin Gump, said...
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Hedge funds pour scorn on UK shorting ban
The hedge fund industry has reacted angrily to ... The Financial Services Authority board, under chief executive ... Callum McCarthy, chairman of the FSA, said in ... McCarthy said the FSA will make an exception ... The ban is intended to create "a calming ... The action is similar to Wednesday's move by...
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Losses deepen at UK wealth manager
The UK arm of wealth management group WMG ... WMG Limited recorded a loss of £1.3m in ... The company’s filing included a paragraph in the ... Company accounts do not usually include a paragraph ... Dalman told Financial News that overall, the WMG ... The accounts of WMG Limited showed its revenue...
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Comment: Lehman/Merrill woe will be great news for big hedge funds
The owners of the world's largest hedge funds ... The initial effect of Lehman Brothers filing for ... Those that used the banks as prime brokers ... Non-clients can expect a knock-on effect from the ... Each of these three prime broking businesses may ... This will cut into all hedge funds' profitability...
