LONDON (Reuters) – Hedge funds may be making their clients less money than mainstream financial markets, but with their portfolios increasingly seen as a safer, low-volatility option in a tough investment landscape they have more cash to manage than ever.
The industry’s coffers hit a record $2.4 trillion globally in 2013, swollen by money from U.S. and European pension funds seeking help to find returns in the face of low interest rates and unpredictable markets post-financial crisis.
LONDON (Reuters) – The resurgent UK economy is set for faster growth than the United States for much of the rest of the decade, according to Toscafund, one of Europe’s biggest equity hedge fund managers.
The London-based firm has been betting on a revival in the UK economy since last year when many commentators were predicting a triple-dip recession.
LONDON (Reuters) – Winton Capital, one of the world’s biggest hedge fund firms, has developed a new model of its flagship fund, hoping its greater allocation to equities and risk will produce better returns in a sector struggling to make money.
The move by Winton – a computer-driven trader set up in 1997 by multi-millionaire David Harding, the co-founder of Man Group’s flagship AHL fund – could affect tens of billions of dollars held by pension funds and other investors in its main Futures fund.
LONDON/SOFIA (Reuters) – British company United Capital, which agreed last month to buy most of Bulgaria’s biggest private pension fund Doverie, has no stock market listing, no website and no phone number.
Its registered office is a terraced house in the town of Grays in Essex, occupied by Tanja Pazarcik, who works for Insolution Service, an agency that helps people set up companies. It uses the address for a number of its clients. Pazarcik says she forwards United’s mail to an address in Austria but otherwise knows little about the firm.
LONDON/SOFIA, Aug 4 (Reuters) – British company United
Capital, which agreed last month to buy most of Bulgaria’s
biggest private pension fund Doverie, has no stock market
listing, no website and no phone number.
Its registered office is a terraced house in the town of
Grays in Essex, occupied by Tanja Pazarcik, who works for
Insolution Service, an agency that helps people set up
companies. It uses the address for a number of its clients.
Pazarcik says she forwards United’s mail to an address in
Austria but otherwise knows little about the firm.
LONDON (Reuters) – Hedge fund manager Man Group said clients continued to pull money out of its funds but at a slower rate than some analysts had forecast, helping lift its shares from recent lows.
The former member of the blue-chip FTSE 100 index .FTSE, whose shares are down nearly 70 percent since the start of 2011 on the back of poor fund performance and client outflows, also said its performance fees were boosted by a strong first half from its GLG unit.
WARSAW/LONDON, July 15 (Reuters) – Hedge funds are betting
against Poland’s sovereign bonds and currency, taking advantage
of a sell-off in emerging markets and slowing domestic growth to
target a country that has been a top pick for foreign investors.
The European Union’s biggest ex-communist country has been
viewed by many investors in recent years as the star of the new
EU members, with 10-year bond yields – the most
popular paper among foreigners – roughly halving since joining
the bloc in 2004.
LONDON (Reuters) – Hedge funds view the prospect of an end to U.S. money printing as a chance to buy riskier assets, including troubled euro zone bonds and U.S. stocks, and show they can perform better when markets are less predictable.
A Reuters survey of 14 European and U.S. hedge fund managers, collectively managing approximately $90 billion in assets, found the end of so-called quantitative easing in the world’s largest economy was regarded as a buying signal, not the start of a long bear market.
LONDON (Reuters) – BlueCrest Capital Management’s BlueTrend fund, one of the world’s biggest computer-driven hedge funds, has suffered one of its worst ever peak-to-trough losses over the past six weeks.
LONDON (Reuters) – Veteran credit trader Iftikhar Ali is launching his own hedge fund firm, a source close to the new company told Reuters, as traders look to cash in on turbulent bond markets.
Ali, former head of international proprietary credit trading at Bank of America (BAC.N: Quote, Profile, Research, Stock Buzz) and more recently hedge fund manager at Observatory Capital, plans to launch Rhodium Capital in the fourth quarter of the year, the source said.