European Hedge Funds Correspondent
Laurence's Feed
Oct 17, 2013

Man Group ends run of client exits with $700 mln net inflow

LONDON, Oct 17 (Reuters) – Hedge fund firm Man Group
ended two years of client withdrawals with a surprise inflow of
new money in the third quarter, helped by strong performance
from its stock-picking GLG unit as equity markets rallied this
year.

But the former FTSE 100 firm, whose clients have drawn down
cash for the previous eight consecutive quarters, remained
cautious in its outlook for asset flows due to “continued
uncertainty in the macro-economic environment”, CEO Manny Roman
said.

Oct 8, 2013

Computer-driven hedge fund Density to shut down

LONDON (Reuters) – Sweden-based hedge fund Density is to close after a poor performance, its manager told Reuters on Tuesday, as computer-driven funds struggle to cope with markets dominated by central bank money-printing.

Density’s troubles reflect those of high-profile computer-driven (also known as commodity-trading advisor or CTA) funds such as BlueTrend, Man Group’s AHL and Cantab Capital’s CCP fund, which have also suffered losses as central bank actions disrupt the long-running market trends they like to follow.

Oct 2, 2013

Investors turn their backs on ‘robot’ hedge funds

LONDON (Reuters) – Investors in the $330 billion computer-driven hedge fund sector are pulling out money for the first time since 2008, data showed on Wednesday, signaling the possible start of a bigger exit from the industry.

These so-called CTAs (commodity trading advisors), which employ mathematicians and physicists to build programs betting on market trends, have been in demand since they racked up large profits during the credit crisis.

Sep 20, 2013

Commodity hedge fund Clive Capital to close down

LONDON, Sept 20 (Reuters) – Commodity hedge fund Clive
Capital is to close down, blaming a lack of investment
opportunities for its poor performance and investor outflows,
making it the latest commodity fund to call it a day.

“We perceive there to be limited, suitable opportunities at
this point in the economic-demand and the commodity-supply
cycles to enable us … to generate the strong returns of the
past,” Clive said in a letter sent out to investors on Friday.

Sep 17, 2013

Hedge funds enjoy post-crisis popularity with ‘safe’ image

LONDON (Reuters) – Hedge funds may be making their clients less money than mainstream financial markets, but with their portfolios increasingly seen as a safer, low-volatility option in a tough investment landscape they have more cash to manage than ever.

The industry’s coffers hit a record $2.4 trillion (1.5 trillion pounds) globally in 2013, swollen by money from U.S. and European pension funds seeking help to find returns in the face of low interest rates and unpredictable markets post-financial crisis.

Sep 17, 2013

Analysis: Hedge funds enjoy post-crisis popularity with ‘safe’ image

LONDON (Reuters) – Hedge funds may be making their clients less money than mainstream financial markets, but with their portfolios increasingly seen as a safer, low-volatility option in a tough investment landscape they have more cash to manage than ever.

The industry’s coffers hit a record $2.4 trillion globally in 2013, swollen by money from U.S. and European pension funds seeking help to find returns in the face of low interest rates and unpredictable markets post-financial crisis.

Aug 21, 2013

Hedge fund Toscafund bets UK growth will outpace U.S.

LONDON (Reuters) – The resurgent UK economy is set for faster growth than the United States for much of the rest of the decade, according to Toscafund, one of Europe’s biggest equity hedge fund managers.

The London-based firm has been betting on a revival in the UK economy since last year when many commentators were predicting a triple-dip recession.

Aug 7, 2013

Winton escalates computer-driven hedge fund arms race

LONDON (Reuters) – Winton Capital, one of the world’s biggest hedge fund firms, has developed a new model of its flagship fund, hoping its greater allocation to equities and risk will produce better returns in a sector struggling to make money.

The move by Winton – a computer-driven trader set up in 1997 by multi-millionaire David Harding, the co-founder of Man Group’s flagship AHL fund – could affect tens of billions of dollars held by pension funds and other investors in its main Futures fund.

Aug 4, 2013

Insight: Untangling the UK bid for a Bulgarian pension fund

LONDON/SOFIA (Reuters) – British company United Capital, which agreed last month to buy most of Bulgaria’s biggest private pension fund Doverie, has no stock market listing, no website and no phone number.

Its registered office is a terraced house in the town of Grays in Essex, occupied by Tanja Pazarcik, who works for Insolution Service, an agency that helps people set up companies. It uses the address for a number of its clients. Pazarcik says she forwards United’s mail to an address in Austria but otherwise knows little about the firm.

Aug 4, 2013

Untangling the UK bid for a Bulgarian pension fund

LONDON/SOFIA, Aug 4 (Reuters) – British company United
Capital, which agreed last month to buy most of Bulgaria’s
biggest private pension fund Doverie, has no stock market
listing, no website and no phone number.

Its registered office is a terraced house in the town of
Grays in Essex, occupied by Tanja Pazarcik, who works for
Insolution Service, an agency that helps people set up
companies. It uses the address for a number of its clients.
Pazarcik says she forwards United’s mail to an address in
Austria but otherwise knows little about the firm.