Hedge Funds

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Hedge fund profits drop 30 percent in 2014, bonus pool shrinks

LONDON - The hedge fund industry's profits fell by 30 percent to $21.9 billion in 2014 from $31.2 billion a year ago as poor returns led to lower performance fees, Citigroup said in a report on Thursday.

Ex-Dalton fund manager readies March launch for Asia hedge fund

LONDON - Former Dalton Investments portfolio manager Tony Hsu is preparing to launch his own hedge fund in March to bet on shares of entrepreneur-led Asian firms and against state-run companies, according to a source and the fund's marketing material.

28 Jan 2015

Hedge funds earned $1.5 trillion for investors in last 10 years

LONDON - Hedge funds earned $1.5 trillion for their investors over the last ten years and more pension funds are increasing the amount of money they allocate to them, trade body Alternative Investment Management Association (AIMA) said on Wednesday.

28 Jan 2015

Swiss franc move helps Man Group's computer-driven hedge funds gain

LONDON - Man Group's computer-driven hedge funds gained up to 5.7 percent through mid-January, party benefiting from the Swiss National Bank's move to get rid of a cap on the franc that sent the Swiss currency soaring last week.

23 Jan 2015

Ex-Goldman, Noble traders' macro hedge fund avoids Swiss franc loss

LONDON - Guard Capital, a macro hedge fund firm launched by two former top traders at Goldman Sachs and Noble Group, has gained 2.5 percent so far in January, sources said, steering clear of the pain some of its peers suffered after the Swiss franc soared.

23 Jan 2015

Ex-Citi FX head readies $500 million hedge fund launch in April

LONDON - Former global head of foreign exchange at Citigroup, Anil Prasad, is preparing to launch his own macro hedge fund in early April with initial start-up capital of at least $500 million, three sources familiar with the matter said.

23 Jan 2015

Hedge fund exit requests hit two-year low in January

LONDON - Investor requests to take out money from hedge funds are down more this month than in January last year, data from SS&C portfolios showed on Thursday.

23 Jan 2015

Brevan Howard settles dispute with co-founder Rokos

LONDON - Hedge fund group Brevan Howard, has settled its dispute with co-founder Christopher Rokos and has agreed to help the star trader launch his own investment fund later this year.

22 Jan 2015

Exclusive: Hedge fund COMAC to return money after Swiss franc move, poor returns

LONDON/BOSTON - COMAC Capital is returning money to outside investors after suffering heavy losses on a currency trade last week, becoming the second hedge fund in less than a week to take dramatic steps after being battered by the Swiss franc's unexpected surge.

21 Jan 2015

Boss of UK hedge fund Weavering convicted in fraud case

LONDON - The boss of collapsed UK hedge fund Weavering could be jailed for up to 10 years after being found guilty of fraud by a London court on Monday, giving Britain's Serious Fraud Office (SFO) one of its most senior financial scalps since the credit crunch.

20 Jan 2015

Yes Bank leads race for Deutsche's Indian fund arm -sources

MUMBAI - Indian lender Yes Bank is the main suitor in a race for Deutsche Asset Management (India) Pvt. Ltd's mutual fund business in India, two sources who are directly involved in the process said, although talks are still at an early stage.

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ICICI sets quarterly record profit as Q3 net rises 14 pct

MUMBAI - ICICI Bank Ltd, India's biggest private-sector lender, booked a 14 percent rise in quarterly profit on Friday, roughly matching analyst estimates and setting a record, as growth in income from interest and fees outpaced growth in bad loans.

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