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Opalesque Exclusive: Belgian quant fund another winner in July and August
Industry sources told Opalesque that Belgium based Notger fund, quantitative systematic equity LS fund, was up 4.4% in July and has been up 1.75% in Aug till Friday (Aug. 10th), making money on both long’s and short’s.
Silver lining: Man CEO, hedge fund insiders buy own stock
From the FT: Every cloud has a silver lining. Those looking for positives out of the current turmoil on the markets should look no further than Man Group boss Peter Clarke. The hedge fund chief executive bought 20,000 Man shares at 482.02p on Friday, just before he went off on his summer holidays. With Man shares closing at 512p yesterday, he is already up on the deal. It is the third time in a fortnight that Mr Clarke - who took over from Stanley Fink in March - has bought Man equity, spending more than £360,000 on 70,000 shares since the start of the month. But the purchases made earlier in August at 525½p and 537.8p, remain under water.
Elsewhere in the hedge fund world, a couple of non-executive directors at RAB Capital were looking smart at yesterday's close. Taking advantage of the last week's share slide in financial stocks, Derek Riches, a former managing director of Merrill Lynch, purchased 200,000 shares on Friday...Full article: Source
Also covered by Reuters: ...................... To view our full article Click here
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