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Brevan Howard Capital Management LP has started an investment fund run by a team of former Deutsche Bank AG market strategists in New York, as Europe’s second-biggest hedge-fund firm expands its presence in the U.S. Click here to continue reading.
PVE Capital LLP is preparing to launch a hedge fund focused on collateralized debt obligaions in response to demand from U.S. investors seeking exposure to European credit, according to chief investment officer Gennaro Pucci. To read more, click here.
Lyxor Asset Management plans to allocate almost 500 million euros ($660 million) to Japanese long-short equity managers over the rest of the year, according to Jeanne Asseraf-Bitton, global head of cross-asset research. To read more, click here.
Altin, the closed-end fund of hedge funds with $250 million in assets, is looking to allocate money to global macro and event-driven managers in a move to add risk to the portfolio, according to Michael Malquarti, portfolio manager for Alternative Asset Advisors S.A., the investment manager of the listed fund. To read more, click here.
Gottex Fund Management Holdings Ltd., the $6 billion Lausanne, Switzerland-based firm, is looking for activist, event-driven and long-short equity funds, as part of a move away from credit, chief investment officer Kevin Maloney said. To read more, click here.
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Losses on junk-bond ETFs are outpacing the broader U.S. high-yield market by the most in three years, signaling a deepening slump for debt that traded at record-high prices less than a month ago. Click Here for More
Fundana S.A., the $850 million Geneva-based fund of hedge funds, intends to hire about eight managers by the end of the year, according to senior analyst Bruno Guillemin. Click here to continue reading this sample article.
Credit Suisse AG is searching for equity long/short and fixed incomerelated absolute return strategies to add to its pair of UCITS-only multi-manager programs, according to Oliver Wiedemeijer, portfolio manager of the programs. To continue reading click here:
Senior management of Alegra Capital Ltd. will relocate from Pfaeffikon, Switzerland to Vaduz, Liechtenstein as the firm shifts management of its Alegra ABS Fund to a newly formed subsidiary. The changes were sparked by the Alternative Investment Fund Managers, or AIFM, rules that are set to take effect next summer, according to Alegra chief executive officer Daniel Riediker. Continue reading.