BlueCrest equity hedge fund up 10 percent this year, defying stocks rout... [more]From Reuters/Streetinsider.com: BlueCrest's equity hedge fund has gained about 10 percent this year, data seen by Reuters showed, riding out volatile global equity market moves that have led to deep losses for many peers.
One of the biggest hedge fund firms in Europe, led by billionaire Michae
TPG-backed Northstar to close $800 million funding round... [more]From WSJ.com: Northstar Group, which counts U.S. private-equity giant TPG Capital as a shareholder, will soon close an $800 million funding round, the latest company to join the list of firms seeking to hold cash for investment opportunities in a volatile Asia market. Singapore-based Northstar raise
Maryland state pension fund allocates $100m to Nephila... [more]From Artemis.bm: The Maryland State Retirement and Pension System has allocated $100m to one of the funds managed by the largest catastrophe insurance and reinsurance linked investment manager, Nephila Capital.
According to a report in Pensions & Investments the allocation came as the Maryland
Comment - A clearer picture of hedge funds... [more]From Wallstreetpit.com: The headline was dramatic: “Hedge Funds Do Half as Well as You Think.” In August, Bloomberg reported on a study of the hedge fund industry that argued hedge fund databases did not sufficiently control for biases when presenting average annualized returns. The study’s authors
Asia - China’s homegrown hedge funds fret over industry shake-up... [more]From SCMP.com: Once star performers in China’s summer of stock woes, homegrown hedge funds are poised to undergo an industry-wide shakeup, with small players out and heavyweights left to survive as their key source of revenue was cut off after Beijing’s market rescue measures. “We thought a bear mar
People - Pine River said to cut a team trading currencies in Hong Kong... [more]From Bloomberg.com: Pine River Capital Management, the hedge-fund firm with about $15.4 billion in assets worldwide, cut a Hong Kong-based team that traded emerging-markets currencies, according to people with knowledge of the matter.
The four-person team led by Jacky Cheung used the Quantitat
Mystery group attacks hedge fund's Daughters of Charity hospitals deal... [more]From Bizjournals.com: The Daughters of Charity Health System's long saga of trying to sell or — now — gain fresh financial backing for its money-losing nonprofit hospital system is heating up once again. Lawsuits are flying, California Attorney General Kamala Harris plans to start public hearings on
Activist News - Elliott asks Polycom to consider a merger with Mitel Networks... [more]From Valuewalk.com: Elliott Management encouraged the board of directors of Polycom to consider a merger with Mitel Networks after acquiring active stakes in both companies. Polycom is a voice, video and content-sharing solutions provider. Mitel Networks is a business communications and collaboratio