India Funds Correspondent
Nishant's Feed
Mar 5, 2015

Forecast-beating results take Schroders’ shares to record high

LONDON, March 5 (Reuters) – British fund manager Schroders
Plc reported a better than expected jump in profits on
Thursday, as net inflows more than tripled and assets under
management (AUM) rose to a record level, sending its share price
to a fresh life-time high.

The result follows forecast-beating profit rises at rivals
such as Jupiter, Henderson and St James’s Place
, as investors flock to actively managed funds in the
search for better yields while interest rates remain depressed.

Feb 27, 2015

Dymon Asia’s $3 bln macro hedge fund lost 10.45 pct in Jan – data

LONDON, Feb 27 (Reuters) – Dymon Asia’s $3.1 billion macro
hedge fund lost 10.45 percent in January, performance data seen
by Reuters showed, a month where many peers lost heavily after a
surprise rise in the Swiss franc.

Singapore-based Dymon, set up by Danny Yong, a former
founding partner and chief investment officer of Abax Global
Capital, is one of Asia’s biggest home-grown hedge fund firms
with about $4.5 billion worth of assets under management.

Feb 25, 2015

Cautious outlook takes shine off Man Group’s results

LONDON, Feb 25 (Reuters) – A cautious outlook overshadowed
fund manager Man Group’s results on Wednesday, even
though the firm raised its dividend and share buyback plans and
beat full-year profit forecasts thanks to reduced costs and a
rise in performance fee income.

Since taking over in 2013 Chief Executive Manny Roman has
looked to restructure the world’s biggest listed hedge fund firm
after a near-90 percent collapse in its share price.

Feb 24, 2015

Strong dollar, performance fees help Ashmore top forecast

LONDON, Feb 24 (Reuters) – Emerging markets-focused fund
manager Ashmore Group beat first-half profit forecasts
as a stronger dollar and higher performance fees offset a drop
in assets under management.

Investors have been pulling out of emerging markets due to
slower economic growth in several of them and the prospect of
higher interest rates in the United States.

Feb 16, 2015

European hedge funds close at record pace as higher costs, poor returns bite

LONDON (Reuters) – Hedge funds in Europe are shutting down at the fastest-ever pace as rising costs, weak performance and a slowdown in the pace of new investment leads some embattled founders to bail out.

Four in every 10 funds which closed last year were in Europe, home to a large number of smaller funds, as the total number of closures rose to a record 370, Eurekahedge data showed, even as other regions benefited from a rise in global industry assets to a record near $3 trillion.

Feb 11, 2015

Man GLG macro hedge fund lost 9 percent in January, to shut

LONDON (Reuters) – A macro hedge fund managed by the GLG unit of Man Group lost 9 percent in January and is closing, sources said.

The performance contrasts with gains in the group’s hedge funds which use computer programs to drive their investment decisions. The $4.4 billion AHL Diversified fund gained 7.2 percent last month, while the $4 billion AHL Evolution fund returned 7.7 percent, according to data seen by Reuters.

Feb 11, 2015

Cygnus co-founder Ventosa readies utilities and energy hedge fund

LONDON, Feb 11 (Reuters) – Hedge fund veteran Alvaro Ventosa
is preparing to launch his own fund, aiming to bet on rising and
falling stocks in the utilities, energy and infrastructure
sectors.

Ventosa, who left Cygnus Asset Management in 2011 after
being one of its founding partners, is setting up a firm dubbed
Alvento Capital, having managed a similar fund for carbon and
energy investment firm and adviser CF Partners until last year.

Feb 10, 2015

Man GLG macro hedge fund lost 9 percent in January, to shut – sources

LONDON (Reuters) – A macro hedge fund managed by the GLG unit of Man Group lost 9 percent in January and is closing, sources said.

The performance contrasts with gains in the group’s hedge funds which use computer programs to drive their investment decisions. The $4.4 billion AHL Diversified fund gained 7.2 percent last month, while the $4 billion AHL Evolution fund returned 7.7 percent, according to data seen by Reuters.

Feb 10, 2015

Man GLG macro hedge fund lost 9 pct in Jan, to shut – sources

LONDON, Feb 10 (Reuters) – A macro hedge fund managed by the
GLG unit of Man Group lost 9 percent in January and is
closing, sources said.

The performance contrasts with gains in the group’s hedge
funds which use computer programs to drive their investment
decisions. The $4.4 billion AHL Diversified fund gained 7.2
percent last month, while the $4 billion AHL Evolution fund
returned 7.7 percent, according to data seen by Reuters.

Feb 6, 2015

Top 2014 hedge fund triples investor cash betting on India

LONDON, Feb 6 (Reuters) – A little known Mauritius-based
hedge fund more than tripled its investors’ cash in 2014 through
bets on small and mid-cap stocks in India, becoming the top
global performer in a year when its average peer produced
single-digit returns.

Last year’s bull market in India, fuelled by the election of
Prime Minister Narendra Modi, lifted the country’s benchmark S&P
BSE Sensex Index by 27 percent in dollar terms.

    • About Nishant

      "Reuters Asia hedge funds correspondent since December 2010. I joined Reuters in 2006 as India fund correspondent and later on moderated an online community of more than 200 Indian equity fund managers and sell side executives. I started my career as a reporter a decade ago at the Hindustan Times, one of India’s largest English newspapers. I worked at India’s top fund research firm Value Research for two years starting 2004 before moving to Reuters in 2006. In Hong Kong, my main focus is on hedge funds but I also write broadly on the mutual funds and wealth management industries. ..."
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