LONDON, Dec 4 (Reuters) – Hedge funds are preparing to
resist Greece’s attempt to cut its debt by holding out against a
government bond buyback in the hope of bigger gains further down
Greece had to offer a higher price than expected at a 10
billion euro ($13 billion) buyback on Monday after hedge funds
buying bonds pushed prices higher.
LONDON (Reuters) – UK proposals for an investor forum to improve relations with company boards face a challenge garnering support from hedge funds and sovereign wealth funds and avoiding charges of collusion, executives say.
Speakers at the Reuters Global Investment Outlook 2013 Summit this week said efforts to create a workable shareholder forum – as proposed in this summer’s Kay Review – could be hampered by the difficulty in working with shorter-term or secretive investors, who are an increasingly powerful shareholder force.
LONDON (Reuters) – Hedge funds’ glory days seem a long way off as they head into a tricky 2013, with bumper profits likely to remain elusive in markets now dominated by political and central bank action.
Speakers at the Reuters Global Investment 2013 Outlook Summit said the $2 trillion industry, which has disappointed investors with below-market returns this year and losses last year, faces a headache making money in an environment where markets are choppy and not as buoyant.
LONDON (Reuters) – For a few hedge funds, Greek debt is turning into one of the trades of the year.
News that Athens – backed by euro zone ministers and the International Monetary Fund – will buy back some its own debt from private investors sets a floor under the price of its bonds, handing many who picked them up at rock-bottom levels big gains.
LONDON (Reuters) – CQS founder Michael Hintze, one of Europe’s most influential hedge fund managers, believes European loans and some corporate debt are “totally mispriced”, and says stocks look attractive.
Hintze, ranked sixth in this year’s Sunday Times Hedge Fund Rich List with a 580 million pound ($929 million) fortune, told the Reuters Global Investment 2013 Outlook Summit that next year offers plenty of opportunities for his CQS Directional Opportunities fund, which was up 29 percent in the first 10 months of 2012.
LONDON, Nov 22 (Reuters) – The UK’s fund management trade
body has taken the first steps to set up a forum to improve
relations with UK companies, putting into practice a report this
summer aimed at preventing a Barclays-style board implosion.
The Investment Management Association (IMA), trade body for
the UK’s 4.2 trillion pounds ($6.7 trillion) asset management
sector, is assessing support among institutional investors for a
forum as proposed by July’s government-backed Kay Review.
LONDON, Nov 20 (Reuters) – Singapore commodities trader Olam
is not the only stock on shortsellers’ radar -
higher-profile names such as Italian carmaker Fiat and
Brazilian oil group Petrobras are also being
Speaking at a conference, hedge fund managers including
Chris Cooper-Hohn – the founder of The Children’s Investment
Fund (TCI), U.S. shortseller Muddy Waters, and Kynikos founder
Jim Chanos named stocks they saw as overvalued.
LONDON (Reuters) – Top hedge fund managers picked stocks as diverse as News Corp, holding company Porsche, and cosmetics maker L’Oreal on Monday at a hedge fund event seen by investors as revealing the industry’s top stock picks.
The Ira Sohn Conference, being held for the first time in London, attracted such speakers Chris Cooper-Hohn, the media-shy founder of The Children’s Investment Fund Management (TCI), Kynikos Associates founder Jim Chanos, Egerton Capital’s John Armitage, and Muddy Waters’ Carson Black.
LONDON (Reuters) – Hedge funds have been quietly building up stakes in the fledgling oil explorers operating off the Falklands, betting that companies will ignore the threats made by Argentina to disrupt the activity.
Lansdowne Partners, one of Europe’s most powerful hedge funds, Crispin Odey’s Odey Asset Management and Blackfish Capital, owned by the Rowland family, have all acquired stakes, regulatory filings show, as investors grow more excited over drilling prospects and a clear plan for the first oil field development.
LONDON, Oct 25 (Reuters) – Odey Asset Management has sharply
increased its stake in Man Group Plc, taking a bold bet
on a fightback by the struggling computer hedge fund firm.
Odey, founded by veteran fund manager Crispin Odey and which
is known for its lucrative bet in 2009 on a recovery in
Barclays shares, has increased its stake in Man to 5.15
percent, worth some 70 million pounds ($113 million).