European Hedge Funds Correspondent
Laurence's Feed
Apr 29, 2013

France back in hedge funds’ sights as economy stutters

LONDON, April 29 (Reuters) – Hedge funds are restoring bets
that French bond prices will fall, speculating the country’s
gamble on increasing public spending to boost economic growth
will fail.

Funds have already been burnt on the trade. Last year, the
European Central Bank’s promise to buy government bonds to
restore confidence in the euro zone sent yields on French
10-year bonds tumbling by more than a third.

Apr 29, 2013

Charity shelves opulent London hedge fund gala dinner

LONDON (Reuters) – A lavish gala dinner that was a highlight of the London hedge fund industry’s social calendar and counted royalty among its guests has been quietly shelved.

The ARK Gala Dinner, which started in 2002, cost as much as 10,000 pounds ($15,500) a ticket, with entertainment over the years ranging from singers Elton John and Prince to a giant mechanical elephant.

Apr 21, 2013

Russia’s Usmanov knocks Mittal off top of rich list

LONDON (Reuters) – Russian businessman Alisher Usmanov has knocked Lakshmi Mittal off the top of this year’s Sunday Times Rich List with a jump in his fortune to 13.3 billion pounds after a tough year for the Indian steel magnate.

In a list of wealth in Britain whose top spots are dominated by Russian and Indian billionaires, Mittal drops to fourth after eight years at number one as his fortune tumbled 2.7 billion pounds to 10 billion.

Apr 21, 2013

Russia’s Usmanov knocks steel boss Mittal off top of rich list

LONDON (Reuters) – Russian businessman Alisher Usmanov has knocked Lakshmi Mittal off the top of this year’s Sunday Times Rich List with a jump in his fortune to 13.3 billion pounds ($20.3 billion) after a tough year for the Indian steel magnate.

In a list of wealth in Britain whose top spots are dominated by Russian and Indian billionaires, Mittal drops to fourth after eight years at number one as his fortune tumbled 2.7 billion pounds to 10 billion.

Apr 19, 2013

Solaise doubles assets as clients eye smaller hedge funds

LONDON, April 19 (Reuters) – A hedge fund set up by alumni
from some of the world’s biggest computer-driven traders of
futures markets has almost doubled assets in recent months, as
investors in the sector look to smaller firms to help them ride
out tough market conditions.

Solaise Capital, set up in late 2010 by former employees of
Winton, Man Group’s flagship AHL fund and Aspect
Capital, told Reuters that inflows from a pension fund client in
December and further inflows this year have lifted its assets to
around $165 million.

Apr 18, 2013

Howard tops hedge fund rich list as wealth hits 1.5 billion pounds

LONDON (Reuters) – Star trader Alan Howard has cemented his place as the wealthiest hedge fund manager in this year’s Sunday Times Rich List with a jump in his net worth, after further profits from his main hedge fund.

The Switzerland-based Howard, co-founder of Brevan Howard and one of the industry’s most media-shy managers, grew his total wealth by 100 million pounds to 1.5 billion pounds ($2.29 billion), according to the Sunday Times Hedge Fund Rich List.

Apr 18, 2013

Howard tops hedge fund rich list as wealth hits 1.5 bln stg

LONDON, April 19 (Reuters) – Star trader Alan Howard has
cemented his place as the wealthiest hedge fund manager in this
year’s Sunday Times Rich List with a jump in his net worth,
after further profits from his main hedge fund.

The Switzerland-based Howard, co-founder of Brevan Howard
and one of the industry’s most media-shy managers, grew his
total wealth by 100 million pounds to 1.5 billion pounds ($2.29
billion), according to the Sunday Times Hedge Fund Rich List.

Apr 16, 2013

Chef Simon Rogan abandons plans for London restaurant

CARTMEL, ENGLAND (Reuters) – Simon Rogan, one of the UK’s top chefs, has abandoned long-awaited plans to open a permanent restaurant in London, for fear his two Michelin-starred L’Enclume restaurant could suffer.

Rogan, who has regularly appeared on TV and who is well known for “foraging” ingredients from the surrounding countryside, told Reuters he abandoned plans for a London outlet after a recent restaurant opening in Manchester “almost killed” him.

Mar 28, 2013

Computer hedge fund firm Henri Capital shuts down

LONDON, March 28 (Reuters) – A hedge fund spinout from
Winton Capital, one of the world’s biggest hedge fund managers,
is shutting down after less than two years of trading, as even
the brightest start-ups find it tough attracting clients.

London-based Henri Capital, named after French mathematician
Henri Poincare, was set up by Joey Huang and Filip Wuytack to
manage Winton Octo, an equity long-short portfolio the pair had
been running in their capacity as senior researchers at Winton.

Mar 21, 2013

Cyprus worries may boost hedge fund exit requests

LONDON (Reuters) – Client demands to pull money out of hedge funds may rise further from a three-month high in March as investors grow nervous over Cyprus’s debt crisis, said hedge fund administrator SS&C GlobeOp.

SS&C GlobeOp’s Forward Redemption Indicator (FRI), a monthly snapshot of clients giving notice to withdraw their cash as a percentage of assets under administration, measured 4.33 percent in March.