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Aug 27, 2015

‘Black swan’ hedge fund Qbasis cashes in on market ructions

LONDON (Reuters) – Qbasis, a hedge fund which more than doubled clients’ money during the 2008 financial crisis, is cashing in again by exploiting fresh turmoil in global markets.

The fund, which aims to profit from market dislocations, as described in the “black swan” theory of academic Nassim Nicholas Taleb, gained about 11 percent this month to Aug. 24, Chief Executive Florian Wagner told Reuters.

Aug 13, 2015

Ex-Goldman trader’s hedge fund set to join Asia’s billion dollar club

LONDON, Aug 13 (Reuters) – Hong Kong-based Guard Capital is
set to join a tiny group of hedge funds managing $1 billion or
more in Asia, sources familiar with the matter said, amid
increased demand for funds betting on currencies and interest
rates.

The so-called macro hedge fund was launched by Leland Lim,
the former co-head of macro trading for Asia Pacific ex-Japan at
Goldman, and Allan Bedwick, who was the head of macro
trading in Asia for Noble Group, last August with
$49.4 million.

Aug 12, 2015

Exclusive: Star trader Rokos courts investors for blockbuster hedge fund launch

LONDON/BOSTON (Reuters) – A former top Brevan Howard trader is courting investors for a hedge fund launch which promises to be among the biggest in the sector this year and which sources say is already on course to attract its initial target of some $3 billion.

Chris Rokos, 44, who made $4 billion for Brevan’s fund between 2004 and 2012 thanks to a track record of winning bets on economic trends, set up Rokos Capital Management in March after ending a legal dispute with his former employer.

Aug 12, 2015

Star trader Rokos courts investors for blockbuster hedge fund launch

LONDON/BOSTON, Aug 12 (Reuters) – A former top Brevan Howard
trader is courting investors for a hedge fund launch which
promises to be among the biggest in the sector this year and
which sources say is already on course to attract its initial
target of some $3 billion.

Chris Rokos, 44, who made $4 billion for Brevan’s fund
between 2004 and 2012 thanks to a track record of winning bets
on economic trends, set up Rokos Capital Management in March
after ending a legal dispute with his former employer.

Aug 5, 2015

Global macro hedge funds rebound in July, some stock funds fall

BOSTON/LONDON (Reuters) – Big hedge funds that bet on currencies and interest rates had their best July in years, according to figures obtained by Reuters, while the performance of stock-picking hedge fund managers was mixed due to market gyrations.

The returns put most prominent macro-focused hedge funds into the black for the year, after losses in April and June, but they still lag their equities-focused rivals year-to-date, according to the figures.

Aug 5, 2015

Shire seen having to sweeten $30 billion offer to win Baxalta

LONDON, Aug 5 (Reuters) – Shire Chief Executive
Flemming Ornskov will need to dig deeper in his pocket if he
wants to win U.S. biotech company Baxalta.

The Danish doctor running the London-listed drugmaker from
offices in Massachusetts is not taking the easy option with his
$30 billion run at Baxalta.

Jul 20, 2015

Crash curbs early European appetite for China’s ‘A-Shares’

LONDON, July 20 (Reuters) – Tumbling share prices and
trading suspensions have tempered any early enthusiasm for
mainland Chinese equities among overseas funds, confirming the
cautious approach evident in their limited exposure despite
official attempts to lure them in.

Three government programmes designed to help overseas
investors buy Chinese stocks have had limited takeup and it will
likely take a measure such as inclusion in more mainstream stock
market indexes for that to change dramatically.

Jul 16, 2015

Britain trims Lloyds stake to less than 15 percent; $20 billion raised so far

LONDON (Reuters) – Britain has reduced its stake in Lloyds Banking Group (LLOY.L: Quote, Profile, Research) to less than 15 percent, moving closer to a full privatisation, having raised 13 billion pounds ($20 billion) so far from the sale of its shares.

Lloyds was rescued during the 2007/09 financial crisis, costing taxpayers 20.5 billion pounds and leaving the government with a 43 percent stake. Britain’s finance ministry began selling its shares in September 2013 and is on track to return the bank to full private ownership next year.

Jul 16, 2015

Britain trims Lloyds stake to less than 15 pct; $20 bln raised so far

LONDON, July 16 (Reuters) – Britain has reduced its stake in
Lloyds Banking Group to less than 15 percent, moving
closer to a full privatisation, having raised 13 billion pounds
($20 billion) so far from the sale of its shares.

Lloyds was rescued during the 2007/09 financial crisis,
costing taxpayers 20.5 billion pounds and leaving the government
with a 43 percent stake. Britain’s finance ministry began
selling its shares in September 2013 and is on track to return
the bank to full private ownership next year.

Jul 15, 2015

Hedge fund investors fear lockdown amid China, Greece difficulty

LONDON (Reuters) – Hedge fund clients face a nervous wait to see if firms betting on the troubled Chinese and Greek markets can avert emergency measures that give them power to lock away investors’ cash.

Both China and Greece have taken steps in the last month to curb sell-offs in their stock markets by imposing trading restrictions. Hedge funds exposed to the two markets are now finding it tough to value their holdings.

    • 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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