Glen Point raises $2 billion

It is one of the largest hedge-fund startups in Europe this year. Former BlueBay Asset Management managers Neil Phillips and Jonathan Fayman have raised almost $2bn including money from George Soros, for their hedge fund Glen Point Capital, according to Bloomberg. Glen Point bets on macroeconomic trends with a focus on emerging markets. BlueBayclosed its $1.4bnmacro hedge fund after Phillips, 46, and Fayman, 33, left in November 2014. People joining Broad Reach, Light Sky Macro

Broad Reach Investment Management, the emerging markets-focused hedge fund set up by former Spinnaker Capital portfolio manager Bradley Wickens in March, has been hiring.

According to eFinanialCareers, Dan Worth, who was most recently a partner and portfolio manager at hedge fund Vinci Zaffarano Capital (which shut this year), has signed up. Ed Steele, who was most recently the chief risk officer and COO at Nomura's now shuttered equities business, has the taken same role at Broad Reach.Isidore Smart, who was an associate within the fixed income strategy team Bank of America Merrill Lynch in New York, has joined as an economist. Charlie Bird, who previously worked for Brevan Howard and Och-Ziff Capital Management, is an execution trader.

Ben Melkman, who left Brevan Howard in June after seven years to start his own hedge fund, Light Sky Macro, has just started hiring for his new fund: Joseph Mauro, the former he......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.