LONDON (Reuters) – Hedge fund manager Man Group said clients continued to pull money out of its funds but at a slower rate than some analysts had forecast, helping lift its shares from recent lows.
The former member of the blue-chip FTSE 100 index .FTSE, whose shares are down nearly 70 percent since the start of 2011 on the back of poor fund performance and client outflows, also said its performance fees were boosted by a strong first half from its GLG unit.
WARSAW/LONDON, July 15 (Reuters) – Hedge funds are betting
against Poland’s sovereign bonds and currency, taking advantage
of a sell-off in emerging markets and slowing domestic growth to
target a country that has been a top pick for foreign investors.
The European Union’s biggest ex-communist country has been
viewed by many investors in recent years as the star of the new
EU members, with 10-year bond yields – the most
popular paper among foreigners – roughly halving since joining
the bloc in 2004.
LONDON (Reuters) – Hedge funds view the prospect of an end to U.S. money printing as a chance to buy riskier assets, including troubled euro zone bonds and U.S. stocks, and show they can perform better when markets are less predictable.
A Reuters survey of 14 European and U.S. hedge fund managers, collectively managing approximately $90 billion in assets, found the end of so-called quantitative easing in the world’s largest economy was regarded as a buying signal, not the start of a long bear market.
LONDON (Reuters) – BlueCrest Capital Management’s BlueTrend fund, one of the world’s biggest computer-driven hedge funds, has suffered one of its worst ever peak-to-trough losses over the past six weeks.
LONDON (Reuters) – Veteran credit trader Iftikhar Ali is launching his own hedge fund firm, a source close to the new company told Reuters, as traders look to cash in on turbulent bond markets.
Ali, former head of international proprietary credit trading at Bank of America (BAC.N: Quote, Profile, Research, Stock Buzz) and more recently hedge fund manager at Observatory Capital, plans to launch Rhodium Capital in the fourth quarter of the year, the source said.
MONTE CARLO, Monaco, June 20 (Reuters) – Former chess
grandmaster-turned hedge fund manager Patrick Wolff is betting
on a stock market crash in China, where he says corruption and
bad debts have spiralled to dangerous levels.
Speaking to Reuters on the sidelines of the GAIM conference
in Monaco this week, Wolff said investors were too focused on
trying to work out when easy money policies will taper off in
the United States and ignoring a looming correction in China.
MONTE CARLO, Monaco, June 19 (Reuters) – European and Asian
hedge fund firms are finding the potentially lucrative U.S.
market impossible to ignore, but as tough as ever to negotiate.
Delegates at the annual GAIM conference in Monaco this week
talked about the difficulties, particularly for small funds, in
attracting new money to an industry once at the top of
investors’ wish lists.
MONACO, June 18 (Reuters) – The euro zone’s debt crisis may
be far from over, while Japan’s money-printing gamble to revive
its economy could destabilise global markets if it doesn’t work,
some hedge fund managers say.
They are taking the view that the rally in financial markets
over much of the past year, fuelled by central bank money
printing, could mask a failure to tackle some European
countries’ and banks’ debt problems, and the sell-off of recent
weeks may be the start of a longer downward move.
MONTE CARLO, June 18 (Reuters) – Hedge funds, once seen as a
quick route to riches for managers and investors alike, are
trying to reinvent themselves as more socially conscious and
make money all the same.
After an extended run of poor returns, executives at a
slimmed-down annual industry conference in Monaco on Tuesday
were as likely to be found talking about charitable giving as
top trading ideas. Managers have latched onto the idea that
social responsibility and making money could go hand in hand.
LONDON (Reuters) – Some macro hedge funds are using the recent sell-off in the Mexican peso as an opportunity to buy into the currency.
Macro funds – which bet on stocks, bonds and currencies and which were made famous by the likes of George Soros – piled into the peso in recent months, hungry for profits after a tough two years in which they struggled to cope with markets dominated by political and central bank actions.