Funds Hub
Money managers under the microscope
Morning Line-Up: Bluecrest, Pershing, Gartmore
News and views on the asset management industry from Reuters and elsewhere:
California hedge fund manager settles SEC probe – Reuters
Hedge funds tapped rescue program – WSJ
Pershing Square funds up 3.5-4.9 pct in Q3 – WSJ
Gartmore tells 35 staff likely to lose jobs – source – Reuters
Senior staff exit hedge fund firm Bluecrest – source – Reuters
China’s first gold fund to boost demand for gold – Gold Prices
Turcan Connell launches absolute return fund – Hedgeweek
Know your hedgie – Pix from Monaco
Reuters snappers have been grabbing some headshots of hedge fund managers at GAIM this year. Thought we’d showcase a few here:
Leda Braga, President of BlueCrest Capital Management, attends the GAIM International (Global Alternative Investment Management) hedge fund conference in Monaco, June 15, 2010. REUTERS/Sebastien Nogier (MONACO - Tags: BUSINESS HEADSHOT)
Morning Line-Up
News and views on the hedge fund industry from Reuters and elsewhere:
Hedge fund AQR goes ‘Mom & Pop’ - WSJ
GLG pay day – FT
BlueCrest’s Platt turns Grandma’s advice in hedge fund gold- Bloomberg
Moore Capital recruits Brevan Howard founder for a senior global macro role - CityAM
Morning line up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
EU move to curb hedge, private equity manager pay - Financial Times
Hedge fund strategies post positive returns in October - Hedgeweek
Ex-head of Santander Swiss hedge arm on Madoff charges - Financial Times
BlueCrest to shift staff to Geneva - Financial Times
Phone home
Spare a thought for quant-heavy hedge fund firm BlueCrest.
The company’s systematic trading funds rely on the supercooled servers that crunch the numbers to run their, hopefully money-making, algorithms, so it must have come as quite a shock when their Japanese hardware was put under lock and key when Lehman bit the dust.
One year on and the firm is still waiting for a postcard. BlueCrest traders have even started calling the imprisoned server ‘ET’, after the castaway alien in Steven Speilberg’s teary blockbuster.
