Funds Hub

Money managers under the microscope

INSIDER-Hedgie client targets modest returns


Hedge fund returns of 4-5 percent over money market rates is pretty good going, APG’s Gerlof de Vrij tells Reuters Insider.

Theirs not to reason why…

Hedge funds have had a tough time since the onset of the credit crisis, what with some poor performance in 2008, looming regulations from the U.S. and Europe, and the general vilification of bankers and financiers in recent years.

However, their plight was thrown into a whole new light yesterday at this week’s Hedge 2010 conference in London’s Canary Wharf, where Caroline Hoare, CEO of hedge fund firm GLC, drew a comparison with the charge of the light brigade.

INSIDER-GLC launches two new UCITS strategies


GLC CEO Caroline Hoare tells Reuters Insider the hedge fund plans to launch two new UCITS-compliant vehicles to draw in new investors.

Merrion profits from UK housing malaise

October may have been a strong month for markets (and therefore, by implication it seems these days, for hedge funds), but that hasn’t stopped some short-sellers from profiting.

Mike Nicol, manager of the Merrion European Absolute Return hedge fund, says he did well out of new short positions in housebuilders Barratt Developments  and Taylor Wimpey. Both fell around 21 percent during the month, while the FTSE 100 rose 2.2 percent.

Socially useful?


Andrew Baker, boss of hedge fund industry lobbyists AIMA, has taken umbrage at the “unsavoury terms” used to refer to his members.

He doesn’t like the biblical monikers of locusts or parasites and gets very prickly indeed at accusations the Mayfair money men might be socially useless.