Opalesque TV: RBR, a Swiss stock picker that likes to leave the party early... [more]Benedicte Gravrand, Opalesque Geneva: When he set up RBR Capital in 2003, an asset management firm that runs long/short hedge funds and a long-only fund, Rudolf Bohli wanted to focus on local alphas, that is, alpha from the German speaking part of Europe. This worked well with investors and with
Patrick McCormack to shut down hedge fund Tiger Consumer... [more]Komfie Manalo, Opalesque Asia: Patrick McCormack is shutting down his hedge fund Tiger Consumer Management after 15 years "to spend more time with his family," reported Reuters. Tiger Consumer ended February up 4.6% (+3.9% YTD) and assets roughly $1.4bn, reported
Assets - Renshaw Bay seals new fundraising after Winters' move to StanChart... [more]From Reuters.com: Renshaw Bay, the London hedge fund founded and run by Bill Winters, hit fundraising targets for a 356 million pound ($542 million) investment vehicle on Friday, as investors showed little reaction to the imminent departure of the veteran banker. Renshaw said on Thursday its fund fo
UCITS Alternative Index Global up 1.46% in February (+2.64% YTD)... [more]Opalesque Industry Update - UCITS absolute return funds return strong performances in February. The UAI Global index progresses by 1.46% and is now up 2.64% for the year. While most strategies are positive this month, the main performance drivers are Long/Short Equity and Even-Driven funds with the
Taiwan's BLF to issue $2.4bn in alternative mandates... [more]From Asianinvestor.net: Taiwan’s Bureau of Labour Funds (BLF) is seeking managers for a total of $2.4 billion in global alternative asset strategies across 12 segregated mandates – four for real estate securities and eight for infrastructure securities.
The state institution is continuing to
People - Dubai hedge fund firm adds top UAE tycoon to board... [more]From Arabianbusiness.com: Dalma Capital Management Limited, a Dubai-based hedge fund manager, has announced that high profile business tycoon Mishal Kanoo has been appointed to its board as a licensed director.
Mishal Kanoo is also the deputy chairman of The Kanoo Group, one of the largest fam
…And Finally - Man caught after bragging plans to rob supermarket... [more]From Sky.com: An armed robber bragged about his plans to steal cash from a supermarket just minutes before he was picked up by police.
Andrew Hennells posted "Doing. Tesco. Over" on Facebook at 7.25pm on 13 February, 15 minutes before Norfolk Police were called by a member of the public who wi