LONDON, Oct 24 (Reuters) – Investors are likely to pull
money out of hedge funds in the fourth quarter, said Man Group’s
head of multi-manager Luke Ellis, after many funds
suffered big losses this summer amidst the euro zone’s deepening
Ellis, who oversees $14.5 billion in assets at the world’s
biggest listed hedge fund manager, said that while redemptions
across the $2 trillion industry have so far been muted despite
poor returns, clients considering changing their portfolios may
yet pull out.
LONDON, Oct 21 (Reuters) – Opportunistic hedge funds are
picking up bargains in corporate bonds after a sharp sell-off
this summer, preferring the sector to pricey-looking government
A number of managers believe credit markets are now pricing
in too-deep an economic slowdown and default rates that are too
high, and are picking up high-yield bonds in the United States
and Europe, often favouring short maturities, as well as senior
LONDON, Oct 13 (Reuters) – A sharp sell-off in commodity
markets in the past few weeks is wreaking havoc with the track
records of some of the biggest-name funds in the sector, many of
which now languish near the bottom of the $2 trillion industry’s
Funds like Mike Coleman’s Merchant Commodity fund and Willem
Kooyker’s Blenheim Capital sit on hefty double-digit losses for
the year after investors worried about global economic growth
recently dumped gold, copper and cocoa for less risky assets.
LONDON, Oct 13 (Reuters) – Fund manager Polar Capital
enjoyed net inflows of $160 million over the three
months to end-September, as sales of its mutual funds helped it
buck a recent trend of fund firms losing clients amid high
The firm said assets under management, on which fund firms
earn fees, rose nearly 2 percent to $3.94 billion over the six
months to end-September, around the levels it ran in late 2007
before the nadir of the credit crisis.
LONDON, Oct 12 (Reuters) – David Murrin and Susan Payne, the
UK-based husband and wife hedge fund team accused by one U.S.
thinktank of fuelling and exploiting a global commodity crisis,
are to split the two businesses they founded together after
agreeing to separate.
Murrin, a former oil company geologist well known in the
hedge fund industry for his outspoken geopolitical views, has
taken sole ownership and become CEO of London-based Emergent
Asset Management, a spokesman said on Wednesday.
LONDON, Oct 6 (Reuters) – A select band of shrewd hedge fund
managers have avoided September’s market pitfalls to post
healthy profits, even as Europe’s deepening debt crisis leaves
much of the $2 trillion industry nursing painful losses.
Bearish macro bets such as owning U.S. and European
government bonds, as well as being short equities, commodities
and the euro, have helped funds navigate a crisis that has seen
fears of a global recession and a banking crisis grow.
LONDON (Reuters) – Defensive stocks in sectors such as telecoms and utilities offer “outstanding value” and are set to benefit as investors switch out of over-priced government bonds, said Armstrong Investment Managers’ Patrick Armstrong.
Armstrong, whose London-based firm manages 251 million pounds in assets, said the telecoms, healthcare and utilities sectors had been hit by “indiscriminate selling” by index investors, and said he had added to telecoms holdings on Tuesday.
LONDON (Reuters) – Nimble hedge funds taking short-term bets are reaping the biggest profits from Europe’s debt crisis, as markets lurching on one policymaker’s comments to the next punish managers brave enough to take long-term positions on the eventual outcome.
As the Euro zone’s debt crisis deepens — stocks fell again on Monday on news Greece will miss deficit targets — investors who expect quick-thinking funds to snap up bargains in the sell-off or profit from short-selling may be disappointed.
LONDON, Oct 3 (Reuters) – AXA Investment Managers
has hired Francisco Arcilla from EIM, the Swiss-based firm
founded by high-profile executive Arki Busson, to head its 4
billion euro ($5.5 billion) fund of hedge funds unit.
Arcilla, who was co-head of investments and ran more than
$7.5 billion at EIM, will be Global Head of AXA Funds of Hedge
Funds and replaces Chris Manser, who left the group earlier this
year, the firm said on Monday.
LONDON, Sept 30 (Reuters) – Man Group is doubling
the number of planned job cuts to 400, a source told Reuters, as
the world’s biggest listed hedge fund manager trims costs after
last year’s takeover of rival GLG.
The news came two days after Man shocked markets with a
statement showing clients had pulled out $2.6 billion in assets
in the three months to end-September — the fastest pace since
early 2009 — sending its shares tumbling 25 percent on the day.