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Intel
Man GLG, Man Group’s discretionary investment unit, has appointed EOF Partners founder Sof Yiannakas and his team of two analysts – Andreas Christoforou and Giorgi Tevzadze – to run a new European opportunities long-short equity strategy.
Insight
The pace of Hedge Fund redemptions accelerated slightly in August to -$18.92 billion (-0.38% of industry assets), according to the Barclay Fund Flow Indicator published by BarclayHedge.
Intel
Hedge funds advanced in October, as equity markets posted a strong recovery, with the DJIA surging to the largest monthly gain in over 40 years, while generational inflation continued, and the US Federal Reserve prepared to raise interest rates.Â
PARTNER CONTENT
Investor appetite for hedge funds has gained momentum as the need for absolute and relative returns continues to grow in the wake of a challenging and volatile macro-economic environment. Strong performance in this environment will be driven by active investment and risk management, diversification, and stock selection, both long and short.
Intel
Elliott Management, the biggest shareholder in Swedish Match, is set to make around $150 million after deciding to back Philip Morris International’s $15.7 billion offer for the smokeless tobacco specialist, according to a report by the Financial Times.
Partner Content
Hedge fund managers are looking to build stronger partnerships with their advisers. As volatility and uncertainty continue to hammer markets, managers want efficient, timely responses to help minimise risk and address any concerns before making decisions.
Intel
Citadel was the leader of the multi-strat hedge fund pack in October outpacing its rivals with a 1.52% gain that took performance so far this year to 30.7%, according to a report by BusinessInsider.
Intel
Hedge fund Pershing Square Holdings cut its year-to-date losses to 12% in October putting on 10% over the month, according to a report by Bloomberg. The gain was ahead of the S&P 500 index, which was up 8%, but trailed the 14% increase of the Dow Jones Industrial Average, its best monthly return since 1976.Â
Partner Content
Cybersecurity is a diverse and to most, a generally unfamiliar challenge, which the investment management industry needs to approach from several angles in order to be effective.Â
Intel
Crispin Odey has closed three funds, including his flagship European fund, to new investors having chalked up record gains so far this year, according to a report by Bloomberg. Odey wants to keep assets at a manageable level after the main European fund gained 193% on the back of turmoil in the UK gilt market.
