European Hedge Funds Correspondent
Laurence's Feed
Jun 19, 2012

Crisis has barely begun-GLG hedge fund manager Baz

MONACO, June 19 (Reuters) – The global financial crisis has
barely started and is likely to last for at least another 15 to
20 years as major economies cut debt levels, according to Jamil
Baz, one of Europe’s most prominent hedge fund managers.

Baz, chief investment strategist at GLG Partners, told the
GAIM 2012 conference in Monaco that total debt levels in a
number of major economies had actually risen since 2007 and had
much further to fall before reaching “a semblance of
equilibrium”.

Jun 19, 2012

Crisis has barely begun-GLG hedge fund manager Baz

MONACO, June 19 (Reuters) – The global financial crisis has
barely started and is likely to last for at least another 15 to
20 years as major economies cut debt levels, according to Jamil
Baz, one of Europe’s most prominent hedge fund managers.

Baz, chief investment strategist at GLG Partners, told the
GAIM 2012 conference in Monaco that total debt levels in a
number of major economies had actually risen since 2007 and had
much further to fall before reaching “a semblance of
equilibrium”.

Jun 18, 2012

Man Group finance head exits as “fightback” begins

MONACO/LONDON (Reuters) – Embattled hedge fund firm Man Group Plc dropped its finance chief on Monday in its latest management reshuffle designed to regain investor confidence and reverse poor performance at the flagship AHL fund.

Man said Kevin Hayes was leaving immediately and would be replaced by Jonathan Sorrell, son of WPP Plc chief Martin Sorrell and formerly Man’s head of strategy and corporate finance.

Jun 17, 2012

Hedge fund managers in nervous mood for Monaco summit

MONACO (Reuters) – Three days in sun-soaked Monaco won’t be enough to stir hedge fund managers from their downbeat mood, made worse by a euro zone crisis that has prompted much soul-searching about the industry’s future after years of lackluster returns.

Restaurateurs, bartenders and hoteliers getting ready to welcome an army of high-rolling financiers to this year’s GAIM Conference in the Mediterranean principality could find money and mirth in short supply as recent poor performance weighs.

Jun 13, 2012

Polar Capital profits rise after bumper inflows

LONDON, June 13 (Reuters) – Fund firm Polar Capital
posted higher profits after its strongly-performing funds
attracted more than $1 billion of net client cash over the past
year, and its CEO pointed to further inflows despite investor
caution over the euro zone debt crisis.

The London-based firm, which has been winning clients to its
mutual funds at a far greater rate than investors have exited
its hedge funds, said pretax profit for the year to end-March
rose 5 percent to 9.6 million pounds ($14.9 million), roughly in
line with analyst forecasts.

Jun 8, 2012

Hedge fund firm SAC hires ex-Edoma manager Villa

LONDON, June 8 (Reuters) – SAC Capital, one of the world’s
best-known hedge fund firms, has hired portfolio manager Louis
Villa from Edoma Partners, the fund set up by ex-Goldman Sachs
star Pierre-Henri Flamand that has so far failed to shine
after a high-profile launch in 2010.

Villa, who formerly worked at equity hedge fund Talaris
Capital, left Edoma at the end of April and joined U.S. firm
SAC, which manages $14 billion globally, as a partner in its
London office last month, according to the UK Financial Services
Authority’s register.

May 29, 2012

Hedge funds take bets against core euro zone bonds

LONDON, May 29 (Reuters) – Hedge funds are piling into bets
against the bonds of core euro zone countries like Germany and
France, signalling a growing fear that nations once considered
safe havens could be dragged down by the crisis in peripheral
states like Greece and Spain.

After a buoyant first quarter for markets, when fears over
the euro zone debt crisis receded thanks to a 1-trillion-euro
($1.3 trillion) cash boost from the European Central Bank, hedge
funds have been quick to make sure they don’t miss out as
concerns over the future of the single currency resurface.

May 21, 2012

SPECIAL REPORT: The algorithmic arms race

LONDON (Reuters) – It’s the day after Cambridge physicist Stephen Hawking’s 70th birthday party and David Harding, the head of one of the most successful hedge funds in the world, is bubbling with talk of black holes.

Given the financial crisis of the last few years, some might see that as an unwise topic of conversation for a hedge fund manager. But for Harding, a physicist, the geekier the better.

May 21, 2012

Special Report: The algorithmic arms race

LONDON (Reuters) – It’s the day after Cambridge physicist Stephen Hawking’s 70th birthday party and David Harding, the head of one of the most successful hedge funds in the world, is bubbling with talk of black holes.

Given the financial crisis of the last few years, some might see that as an unwise topic of conversation for a hedge fund manager. But for Harding, a physicist, the geekier the better.

May 21, 2012

The algorithmic arms race

LONDON, May 21 (Reuters) – It’s the day after Cambridge
physicist Stephen Hawking’s 70th birthday party and David
Harding, the head of one of the most successful hedge funds in
the world, is bubbling with talk of black holes.

Given the financial crisis of the last few years, some might
see that as an unwise topic of conversation for a hedge fund
manager. But for Harding, a physicist, the geekier the better.