Pershing Square hedge fund loses YTD gains after China decline... [more]Komfie Manalo, Opalesque Asia: William Ackman’s Pershing Square Capital Management lost all its gains so far this year, following the market rout caused by Chinese worries.
In a report to investors on Wednesday, Ackman said that his hedge fund, Pershing Square, had returned 10% (net) YTD thro
Ainslie’s Maverick said to shop quant-driven stock-picking fund... [more]From Bloomberg.com: Maverick Capital, the $9 billion investment firm led by Lee Ainslie, is speaking with investors about a quant-driven fund that will wager on stocks, according to a person briefed on the plan. The Maverick Fundamental Quant fund would operate separately from Maverick’s main invest
Regulatory - UCITS funds must not escape EU disclosure push... [more]From FTAdviser.com: The UK’s top consumer protection body has urged European regulators to rethink rules that will delay greater disclosure of UCITS fund costs, saying the plans will create an uneven playing field for different products.
The Financial Services Consumer Panel (FSCP) has used it
Commodities - Mining hedge funds just bought these copper deposits... cheap... [more]From Oilprice.com: …As reported by local Chilean press, the buyer of Anglo American's for-sale copper assets in the country was confirmed as the U.K.'s Audley Capital, a billion-dollar hedge fund specializing in natural resources.
Audley will now take control of the Mantoverde and Mantos Blanc