Hedge Funds >>>
Click here to view Hedge Fund Brief editor Nathaniel Baker report the threat of a dangerous global slowdown on Bloomberg Television’s “Money Moves”. “80% of the world economies, including the largest ones, that would include the U.S., are basically shrinking”, said Ray Dalio, founder of Bridgewater Associates LP. Dalio also said the interconnectedness of economies are reinforcing [...]
Click here to view Hedge Fund Brief editor Nathaniel Baker talk about Brazil’s distressed market in a video interview.
Morgan Creek Capital Management LLC, the $8 billion Chapel Hill, North Carolina based adviser to institutions and wealthy families, is searching for credit lending and European distressed debt for allocations, according to Mike Hennessy, managing partner at the firm. Morgan Creek is also looking for hedge funds investing in emerging- market equities, Hennessy said. Morgan Creek has about [...]
Rafael Fritsch, founding partner and chief investment officer of Rio de Janeiro-based JGP Credito Root Capital, spoke to Bloomberg’s Nathaniel Baker about the distressed market in Brazil. Fritsch’s firm, a partnership between JGP Credito and Root Capital LLP, launched a $250 million fund in June. Q: Can you give our readers some quick background on [...]
Norfolk, Virginia-based Signature, the fastest-growing multi-family office last year according to Bloomberg rankings, is evaluating hedged equity managers for allocations. The firm, with $2.6 billion in assets, generally favors long/short, event-driven and longbiased managers, according to Chris Rusbuldt, principal. Initial allocations range from $1 million to $20 million, Rusbuldt said in a telephone interview last [...]
John Shaw III, chief executive officer of New York-based Castle Capital Management LLC, spoke to Bloomberg’s Nathaniel Baker July 19 about his hedge fund. The former head of program trading at Knight Capital discussed the fund’s relative value strategy and how it has gone about raising money. Q: Your fund is relatively new, launching Jan. [...]
Global hedge funds, measured by the Bloomberg Aggregate Hedge Fund Index, climbed 0.2 percent in July, trailing stocks, as the MSCI All-Country World Index returned 1.4 percent on speculation the ECB would buy bonds to help cut borrowing costs and save the euro. Global macro funds advanced while long-short equity and multistrategy managers declined. MKP [...]
Click here to watch! Nathaniel E. Baker is the editor of Bloomberg L.P.’s Hedge Funds Brief. He was most recently a senior editor at The Deal LLC. He began his journalistic career at Institutional Investor, where he was managing editor of Alternative Investment News and contributed to The Journal of Alternative Investments, among others.
Hedge funds across strategies are decreasing their net exposures and increasing their cash levels, as the European debt crisis drives managers to protect capital. Net exposure among global equity long/short managers decreased to 13 percent in June, the lowest level in five years, from 22 percent in May, according to a JPMorgan chase & co. prime [...]
Passport Energy Fund, managed by John Burbank’s Passport Capital LLC, dropped 14 percent in June, bringing this year’s losses to 18 percent, according to a person familiar with the matter. Steve Bruce, a spokesman for Passport, declined to comment. Read more here>>