Hedge fund tycoon Crispin Odey rakes in £220million from Brexit... [more]From Dailymail.co.uk: A hedge fund tycoon made more than £220 million for himself and his investors yesterday after betting on Brexit.
As many in the City nursed heavy losses, staunch Leave supporter Crispin Odey declared: ‘I think I may be the winner.’ He is one of a handful of hedge fund bos
Lyxor Hedge Fund Index down -0.1% as of June 21 (-3.3% YTD)... [more]The leave camp won in the historic EU referendum and the decision rattled markets. The UK has voted by 51.9% to 48.1% to leave the EU. The referendum turnout was 71.8%, the highest at a UK election since 1992. The long term implications of the vote are expected to be massive. Some optimists see this
Body language predicts dodgy hedge funds... [more]From FT.com: Hedge fund investors have been urged to scrutinize investment managers’ facial expressions and emotional state when deciding where to put their money in order to avoid potential blow-ups or regulatory issues.
New research from the University of California and TeamCo Advisers, a co
James Packer buys $13m stake in Aussie hedge fund... [more]From AFR.com: In funds management, where people and performance are everything, James Packer's latest deal is highly unusual. Mr Packer's $13 million investment in Contango Asset Management demands that certain key staff at the Melbourne-based boutique accept that they will not be paid bonuses, and
Hedge funds’ lucrative fee model seen facing smart beta threat... [more]From Gulfnews.com: Hedge funds, shrinking at the fastest pace since the financial crisis, face a challenge to their lucrative fee model: “smart beta” money pools that charge a quarter of the levy and often don’t demand a share of the profits. The search for lower fees will help propel the assets man
People - Former Man Group chief executive joins RWC board... [more]From FT.com: The former chief executive of Man Group, the world’s largest listed hedge fund company, has joined the board of RWC as part of the London-based investment manager’s efforts to boost its assets under management. Peter Clarke, who ran Man Group for six years before being replaced by Manny