Funds Hub

Money managers under the microscope

Another year of losses for hedge funds?

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Are we heading for another down year for hedge funds?

I ask because after a choppy six months or so, during which the FTSE 100 is down 3.6 pct, hedge funds have also lost 1.12 pct.

Some commentators are predicting a rebound in equities and other assets, but others expect further volatility, which could be harmful to funds’ returns.

Our stablemate Lipper, the fund research firm, is sticking its neck out for a better H2, arguing that earnings will surprise on the upside, double-dip fears will fade, and commodity investing will continue to throw up arbitrage opportunities. You can read Lipper’s latest report here.

I remember, at the Reuters Hedge Fund & Private Equity Summit in spring 2008, asking outspoken fund manager Hugh Hendry whether hedge funds might finish 2008 in the red after a tricky start to the year and losses of 4.4 pct in Q1.

GAIM 2009: Hendry’s investment outlook

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Watch maverick fund manager Hugh Hendry, partner and CIO at Eclectica Asset Management, talk about his investment outlook at this week’s GAIM 2009 hedge fund conference in Monaco.

A hectic schedule

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The hedge fund circuit can be exhausting.

rtxfqrlLast Thursday saw the plush fundraising dinner of ARK, the charity headed by Arpad Busson, fiance of Uma Thurman, at London’s Waterloo International.

The next date in the European hedge fund industry’s diary is next week’s annual GAIM conference, held in Monaco (where else?).

Odey’s Barclays boost

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There’s nothing like backing up your stock market calls with a nice healthy profit, and Crispin Odey has done just that, revealing a 27.74 percent return in April from his European fund.

rtr23livHaving last month said the rally in equities could turn into a new bull market and having recently tucked away a few banks into his portfolio (after last year making money shorting banks), Odey has profited from the astonishing recovery over the past two months in Barclays shares, which alone accounted for nearly half the fund’s return last month.

Written in the stars

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It is not often that Reuters journalists carefully take down the words of an investor who regularly consults an astrologer, but then not every investor recorded a 32 percent increase in his portfolio in 2008.

As head of Eclectica Asset Management, Hugh Hendry cuts a figure not often seen in modern-day financial investing: a besuited Malcolm McLaren-esque counter-culture figure rather than a pointy-headed quant analyst.

Reuters Hedge Funds and Private Equity Summit

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Next week sees Reuters running its annual Hedge Funds & Global Equity Summit from 23rd-25th March, with some top speakers lined up.

rtr1z954Regulation is looming for both industries, as G20 leaders prepare to consider recommendations from finance ministers at next month’s summit in London, and is likely to be one of the hot topics.

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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