Funds Hub

Money managers under the microscope

Shorting Kazakhmys

Interesting to see increased short interest in Kazakhmys.

RTR28LU5This week we highlighted Cazenove hedge fund manager Tim Russell’s caution about the miner’s valuation and the consistency of its earnings.

According to Data Explorers, the short base has been rising steadily over the past three months to 0.9 pct from 0.1 pct.

(Another) Paulson payday

A large (and not entirely unexpected) payday for John Paulson’s European arm.

RTXNR8MFour members of Paulson Europe LLP shared 50.8 mln stg for the year to March ’09, up from 37.1 mln stg the previous year, company accounts show.

Gold – “the most dangerous asset”

A controversial call from hedge fund veteran Alan Miller.

RTR246NKThe ex-New Star CIO, now a partner at Spencer-Churchill Miller Private, warns that the most dangerous asset to buy is gold, which is near a 3-week high of $1,128 an ounce.

“I realise that I will be burned at the stake for being a heretic but the most dangerous asset must be gold,” he writes.

Morning line-up

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RTXCG5SEnlightening stories on the hedge fund industry from Reuters and elsewhere.

New hedge fund launches are smaller and cheaper – FT

Crispin Odey nets 30 mln stg – The Times

Lyxor hedge fund index up 1.1 pct – HedgeWeek

Q3 hedge fund starts exceeded closures – American Banker

Morning line up

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

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Hedge funds call for softening of EU plan for pay caps – Daily Telegraph

 

SFO probes Dynamic Decisions - Reuters

 

Fund manager Horseman to step down - Reuters

 

Insider trading becomes systemic at hedge funds – Bloomberg

 

Chinese sovereign fund hires Tudor manager - Wall Street Journal

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