May 20 (Reuters) – Intermediate Capital Group Plc
said assets under management rose to a record 18 billion euros
($19.9 billion) at end-March, driven by strong demand for
higher-yielding assets in Europe, boosting its shares.
A 39 percent surge in assets from the prior year included a
record 6.4 billion euros of new money raised by the firm, which
specialises in providing mezzanine finance, private debt and
LONDON (Reuters) – Britain’s railway pension manager RPMI will boost the money it invests in funds that replicate some of the active strategies of fund managers at lower cost to a third of its 21 billion pound portfolio.
The shift is part of a two-year portfolio rejig entering its final stage, which has seen RPMI cut its investments in actively-managed mutual and hedge funds, its Investment Director Ciaran Barr said in an interview.
LONDON (Reuters) – Guard Capital, a macro hedge fund led by two former top traders at Goldman Sachs and Noble Group will stop taking money from new investors from July 1 after a more than ten-fold increase in assets since its launch last August, sources said.
The Hong-Kong based hedge fund, 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, focuses on major economic trends and bets on currency and interest rate markets.
LONDON, May 8 (Reuters) – Man Group, the world’s
largest listed hedge fund firm, on Friday became the latest
company to feel the ire of investors over director pay, with
bonus plans of executives drawing particular dissent.
From Sanofi to Barrick Gold Corp ,
companies around the globe from a variety of sectors have seen
pushback from shareholders, particularly with regard to
LONDON, May 8 (Reuters) – Man Group Plc’s funds
under management (FuM) have risen by about $9 billion this year
to a record $82 billion, although the world’s biggest listed
hedge fund firm continues to be cautious on the outlook for
first half flows.
FuM rose 7 percent to $78.1 billion in three months to end
of March, with an additional $2.4 billion from its earlier
announced acquisitions of NewSmith and the fund of funds
business of Bank of America Merrill Lynch.
LONDON (Reuters) – BlueCrest’s flagship macro hedge fund, managed by billionaire Michael Platt, gained 2.8 percent in April, recording its highest monthly return in more than five years, an investor newsletter seen by Reuters showed.
The gain marks a sharp recovery by the BlueCrest Capital International fund, which had seen billions of dollars in outflows after two years of poor returns and a near 6 percent loss in January, partly from bets that went sour after an unexpected surge in the Swiss franc.
LONDON, May 6 (Reuters) – BlueCrest’s flagship macro hedge
fund, managed by billionaire Michael Platt, gained 2.8 percent
in April, recording its highest monthly return in more than five
years, an investor newsletter seen by Reuters showed.
The gain marks a sharp recovery by the BlueCrest Capital
International fund, which had seen billions of dollars in
outflows after two years of poor returns and a near 6 percent
loss in January, partly from bets that went sour after an
unexpected surge in the Swiss franc.
LONDON, May 1 (Reuters) – British investment trust SVG
Capital survived an investor rebellion at its annual
general meeting on Friday, when nearly 40 percent of votes were
cast against its pay policy for top executives and the
re-election of its chairman.
At last year’s meeting just 5.5 percent of votes were cast
against the election of Chairman Andrew Sykes and 1 percent
against the pay policy, a SVG Capital statement showed.
LONDON, April 28 (Reuters) – Alliance Trust has agreed to
revamp its embattled board by appointing two of the three
directors pushed by Elliott Advisors, handing a partial win to
the activist just hours before other investors were due to vote
on the shake-up.
The last-minute compromise marks the end of one of the
highest-profile shareholder rebellions against a British company
and sets the stage for further change at the 127-year old
company led by Katherine Garrett-Cox.
LONDON, April 28 (Reuters) – Omni Partners is aiming to
raise $250 million this year in its second fund lending to
companies, looking to profit by extending short-term loans
secured against residential and commercial properties in
The hedge fund firm launched a similar so-called direct
lending fund last year and lent about $50 million from it across
92 loans, earning 10.4 percent return for its investors in the