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Apr 23, 2015

Seven billionaires in Britain’s top-25 richest hedge fund managers’ list

LONDON (Reuters) – Britain’s top-25 richest hedge fund managers’ wealth rose by 1.8 billion pounds ($2.70 billion) to 14.8 billion pounds over the past year, the Sunday Times Rich List showed.

Hedge funds typically charge 2 percent for management and take 20 percent cut in performance generated, making hundreds of millionaires every year in the $3 trillion industry.

Apr 23, 2015

Blackstone-backed Denjoy Capital to shut down hedge fund

LONDON/BOSTON (Reuters) – London-based Denjoy Capital Partners, backed by powerful investor Blackstone Group, is shutting down its European long-short equity hedge fund following a slump in returns, a letter to investors seen by Reuters showed.

Hedge funds were hit hard in Europe last year due to poor returns and rising costs as a result of a growing regulatory burden, which has led to a record number shutting.

Apr 23, 2015

Blackstone-backed Denjoy Capital to shut down hedge fund – document

LONDON/BOSTON, April 23 (Reuters) – London-based Denjoy
Capital Partners, backed by powerful investor Blackstone Group
, is shutting down its European long-short equity hedge
fund following a slump in returns, a letter to investors seen by
Reuters showed.

Hedge funds were hit hard in Europe last year due to poor
returns and rising costs as a result of a growing regulatory
burden, which has led to a record number shutting.

Apr 22, 2015

Alliance Trust rejects call to review management of portfolio

LONDON, April 22 (Reuters) – Alliance Trust has no
plans to review the in-house management of its 3.6 billion
pounds ($5.4 billion) investment portfolio, it said on
Wednesday, rejecting a key demand of activist shareholder
Elliott Advisors.

Chairwoman Karin Forseke told Reuters in reply to written
questions that the board recognised its responsibility to
“challenge all elements” of the British investment company’s
business, and said it would reflect on feedback from
shareholders since the rebel investor launched its campaign to
revamp Alliance’s board on March 16.

Apr 21, 2015

Exclusive: Ex-Lansdowne partner Kirk to join forces with $4 billion Pelham Capital

LONDON (Reuters) – Stephen Kirk, who left hedge fund manager Lansdowne Partners last year, has dropped a plan to launch his own independent company and will instead join forces with a $4 billion firm run by a former colleague, a letter to investors showed.

Kirk, 45, a former partner at Lansdowne, was in the process of setting up Campden Square Capital in London, aiming to start business with more than $200 million in one of the region’s larger 2015 launches, sources told Reuters in March.

Apr 21, 2015

Ex-Lansdowne partner Kirk to join forces with $4 bln Pelham Capital

LONDON, April 21 (Reuters) – Stephen Kirk, who left hedge
fund manager Lansdowne Partners last year, has dropped a plan to
launch his own independent company and will instead join forces
with a $4 billion firm run by a former colleague, a letter to
investors showed.

Kirk, 45, a former partner at Lansdowne, was in the process
of setting up Campden Square Capital in London, aiming to start
business with more than $200 million in one of the region’s
larger 2015 launches, sources told Reuters in March.

Apr 20, 2015

Ex-BlueBay veteran’s hedge fund Goldbridge shuts down

LONDON (Reuters) – Goldbridge Capital Partners, the hedge fund manager founded by two former BlueBay Asset Management veterans, has shut, one of its key investors said on Monday, following losses in its fixed income hedge fund last year.

Goldbridge, launched in 2011 by former BlueBay fund managers Gina Germano and Dipankar Shewaram, with backing from Northill Capital, managed less than $200 million, one source close to the company said. Shewaram left the firm last year, records with Britain’s Financial Conduct Authority showed.

Apr 15, 2015

All or nothing gives way to new deal for fund ‘star’ wantaways

LONDON (Reuters) – After watching billions of dollars of investor cash follow “star” managers exiting rivals, some Britain-based fund firms have taken a novel step to help cushion the blow: let the manager take their fund’s assets with them.

Given a firm’s value is based on taking a cut of the assets it holds, while investors only leave their cash with a manager on the basis of performance, asset managers have long sought to keep top performers sweet.

Apr 10, 2015

Exclusive: Ex-Taconic fund manager Hampaul readies own hedge fund

LONDON (Reuters) – Former Taconic Capital Advisors portfolio manager Kelly Hampaul is preparing to launch his own hedge fund in the second half of the year, sources said, joining a string of other high profile European start-ups expected in coming months.

A combination of buoyant equity markets and divergent monetary policies has helped push first-quarter European hedge fund returns past 4 percent, giving them their best start for three years, data from industry tracker Eurekahedge showed.

Apr 9, 2015

Exclusive: Ex-Taconic fund manager Hampaul readies own hedge fund – sources

LONDON (Reuters) – Former Taconic Capital Advisors portfolio manager Kelly Hampaul is preparing to launch his own hedge fund in the second half of the year, sources said, joining a string of other high profile European start-ups expected in coming months.

A combination of buoyant equity markets and divergent monetary policies has helped push first-quarter European hedge fund returns past 4 percent, giving them their best start for three years, data from industry tracker Eurekahedge showed.

    • 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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