Funds Hub

Money managers under the microscope

Morning line-up

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Hedge fund stories from the past 24 hours from Reuters and elsewhere:

rtxcg5sEU steered to strict hedge fund rules – Reuters

High fees, or no fees? – WSJ

Hedge fund bear throws in towel – FT

Hedge funds, brokers turn to poker – Sox First

New questions in Pequot case – AP

The art of investment

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A fund investing in the works of Banksy and Damien Hirst is the sort of thing you might expect to be launched at the height of a bull market, but Castlestone Management has chosen the depths of the current bear market to debut its Collection of Modern Art fund.

rtx79maThe fund, an 8-year investment vehicle with a minimum investment of $10,000 or 10,000 pounds, will buy up art in genres such as impressionist, post-war, contemporary, sculpture, urban art and photography, while its managers will be supported by experts from auction houses, dealers and artists.

Saving Hendry? Thanks but no thanks, says Hugh

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rtr1z9ud1It was always unlikely that a letter of advice was going to change the mind of maverick hedge fund manager Hugh Hendry.

 

And in his latest letter to investors, Hendry has smartly rebuffed any attempt to ‘save’ him from his bond investments.

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