Monthly Archives: January 2013
News Ex-Citadel managing director’s structured credit hedge fund secures seed deal
Hedge Funds Review – Grosvenor Capital Management has committed $85 million in seed capital for a structured credit hedge fund started by a group of former Citadel executives. Continuum Investment Management expects to launch its maiden hedge fund on February […]
Galena Energy Hedge Fund Chief Lixi Said to Leave Company
Bloomberg – Claude Lixi, the head of Galena Asset Management Ltd.’s energy hedge fund, left the London-based company, according to two people with direct knowledge of the departure. The people didn’t say whether he resigned or was fired, and asked […]
New hedge fund bucks trend with fees cut
Financial Times – One of the UK’s fastest-growing hedge funds is slashing its fees, in a move that it hopes will spark a rethink of the industry’s notoriously high charges. The new Core Macro fund being set up by Cambridge-based […]
Hedge Fund Launch: Herakles Trend Fund I
New York (HedgeCo.Net) – Herakles Capital Management, LLC., on January 4th, 2013 launched the Herakles Trend Fund I LP. “The principal objective of Herakles Trend Fund I is to invest and generate attractive, risk adjusted returns for its investors by […]
Hedge Fund People: BTIG Opens Atlanta Office
New York (HedgeCo.Net) – Global hedge fund and institutional trading firm BTIG LLC, has opened a new office in Atlanta dedicated to the Southeast region. This is the latest of BTIG’s moves to strengthen its local presence in key regional […]
Alix Capital announces winners of inaugural UCITS Alternative Index (UAI) Awards
Europe – Alix Capital, the Geneva-based provider of the UCITS Alternatives Index family of indices, has announced the winners of its inaugural UCITS Alternative Index (UAI) Awards. The awards, which will be held annually, honor the UCITS hedge funds that […]
Funds of hedge funds eye retail to halt meltdown
FN – The result is a growing number of funds being registered with the US Securities and Exchange Commission under the 1940 Investment Company Act, allowing these to be sold on the same basis as mutual funds. They can also […]
Robert Peston benefits from hedge fund boss’s generosity
Telegraph – News has reached this column of an alliance between Andrew Law, the chief of macro hedge fund Caxton Associates, and the BBC’s business editor Robert Peston. Law is bankrolling Peston’s schools charity, Speakers for Schools, after the pair […]
Galena Drops as Commodity Hedge Funds Trail for Second Year
Bloomberg – Hedge funds lost money for commodity investors for a second straight year as managers from the Galena Metals Fund to Clive Capital LLP trailed benchmark indexes of raw materials. The Newedge Commodity Trading index of 56 hedge funds […]
Dow Jones Credit Suisse Index: Hedge Fund Performance in 2012
New York (HedgeCo.Net) – The Dow Jones Credit Suisse Hedge Fund Index team today released its 2012 Hedge Fund Market Review . The report includes statistics on hedge fund performance and asset flows in 2012. Some key findings from the […]
Pacific Group to Convert One-Third of Hedge-Fund Assets to Gold
Bloomberg – The Pacific Group Ltd., founded by a former PaineWebber Inc. trader, is converting one-third of its hedge-fund assets into physical gold, betting that prices will go up as governments print more money to pay off debt. The Hong […]
Funds of hedge funds eye retail to halt meltdown
FN – The result is a growing number of funds being registered with the US Securities and Exchange Commission under the 1940 Investment Company Act, allowing these to be sold on the same basis as mutual funds. They can also access […]