Money managers under the microscope
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Hedge funds seek closure of Venus Remedies - Economic Times
New Merk funds offer currency for all – Reuters
Hedgies profit from bank rally – MarketWatch
Tudor’s Hillery joins Brevan Howard - FT Alphaville
Even the best hedge fund managers can sometimes get things wrong when markets are so volatile.
In his latest letter to investors star manager Tim Russell, the head of pan-European equities at Cazenove who made 9.4 percent last year in one of the toughest equity markets in living memory, reported a 4% loss in February.