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.
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.
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.
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.
LONDON, March 21 (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
LONDON, March 20 (Reuters) – Some hedge funds have begun
quietly increasing their bets against Hungarian sovereign bonds
in the belief that the yields don’t properly reflect the
country’s political and economic outlook.
The amount of Hungarian sovereign bonds out on loan – an
indicator of short-selling by funds anticipating a drop in price
- has risen sharply in recent weeks, data shows, while short
interest in some other leading east European economies has
LONDON (Reuters) – Investors betting that actions by policymakers will prop up financial markets indefinitely could be making a “serious error”, says Brevan Howard, one of the world’s biggest and most respected hedge fund firms.
The comments by Brevan, which manages $40 billion and whose Master fund has never had a losing year, comes as European politicians wait to see whether debt-laden Cyprus will accept an international rescue and avoid a default that would shake the euro zone.
LONDON, March 18 (Reuters) – Man Group is to cap
future cash bonuses for its senior executives, the hedge fund
manager said in its 2012 annual report published on Monday.
Man said that short-term annual cash bonuses, which were
previously uncapped, would be limited to 250 percent of salary
for executive directors after discussions with shareholders.
LONDON, March 11 (Reuters) – China’s antitrust regulator
could become the new best friend of hedge funds seeking to
profit from the unpredictability of the youngest of the world’s
The country’s Ministry of Commerce (MOFCOM) is becoming a
key player in global mergers and acquisitions (M&A) as
increasing activity brings more deals within its remit, such as
Glencore’s takeover of miner Xstrata and
advertising group Dentsu’s purchase of Aegis.
LONDON, March 5 (Reuters) – Hedge fund managers could be
next in line after bankers to see further restrictions on their
pay if European lawmakers follow through on promises to target
the sector’s lucrative payouts.
After reaching a deal in the early hours of Feb. 28 to cap
bank bonuses at the same size as base salaries, or twice basic
if backed by shareholders, some politicians are now talking
about a “snowball” effect embracing other areas of finance.