Hedge Funds Europe >>>
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.
Edoma Partners LLP, the hedge fund started by former Goldman Sachs Group Inc. proprietary trader Pierre-Henri Flamand, plans to close after it lost money and assets shrank. “This is very disappointing for everyone concerned,” Flamand, 42, said in an emailed statement yesterday. “Considering the unprecedented market conditions, we felt the most responsible course of action was to return money to investors and cease investment [...]
FRM Holdings Ltd., the fund of hedge funds group that was acquired by Man Group Plc earlier this year, has turned bearish on long/short equity strategies and global macro managers. FRM, which has $19.5 billion under management, is currently “very underweight macro, and we’re very underweight equity long/short,” favoring statistical arbitrage, commodity trading advisers and structured credit, according to Luke Ellis, the London-based firm’s [...]
Saemor Capital BV, which runs the long/short Europe Alpha Fund, is pessimistic about the global markets in the coming months, chief investment officer Sven Bakker said. “We can see that people are optimistic about all the quantitative easing around the world,” Bakker said in a telephone interview. Now that “all of the QE announcements are behind us, I don’t see a lot of good news coming [...]
Ray Dalio, the billionaire investor who runs the world’s largest hedge fund, and billionaire George Soros this week said Germany could leave the euro zone. “If anyone is going to be forced out, it’s more likely that the Germans will be forced out,” Dalio, founder of Bridgewater Associates LP, said during a talk at the Council on Foreign Relations in New [...]
Pennsylvania, home to a quarter of all U.S. public pensions, has spent at least $2 billion since 1985 to help pay for managing the plans, including thousands that cover no more than 10 workers each. The subsidy has prompted towns such as Halfmoon and Elk Lick to set up even smaller plans, with fewer than [...]
Pamplona Capital Management LLP, the $6 billion London-based manager of hedge funds and funds of funds, says certain structured credit assets in the U.K. and Northern Europe present buying opportunities, according to a letter to investors. “We believe that the structured credit assets that we hold in the U.K. and Northern Europe are very attractively [...]