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BlueBay Shuts Global Macro Fund As Manager Quits

Nov 20 2014 | 1:53pm ET

BlueBay Asset Management will close a US$1.4 billion macro hedge fund after its manager resigned from the firm.

Neil Phillips plans to start a hedge fund of his own. But rather than simply replace him as head of the Global Macro Fund, London-based BlueBay said that it is in “the best interest of investors” to shut the fund and return money to clients.

 

Latest News

Sotheby’s Chief, Loeb Target To Leave

Nov 21 2014 | 8:32am ET

Third Point’s Daniel Loeb at last has the scalp he sought at Sotheby’s.

Carlyle’s Rubenstein Says P.E. Ownership Like Being In The Louvre

Nov 21 2014 | 8:30am ET

If Warren Buffett treats his companies like masterpieces, David Rubenstein treats his like, well, better masterpieces.

Hedge Funds Could Face 35% Tax To Get Money Out Of Iceland

Nov 21 2014 | 7:53am ET

Hedge-fund creditors of Iceland’s failed banks have had hundreds of millions of dollars stuck in the country since the financial crisis. They may soon be able to take it out—but could be subject to a severe haircut for the privilege.

Ex-Credit Suisse Trader’s Hedge Fund Sees Crowded Yen Shorts

Nov 21 2014 | 7:50am ET

Charlie Chan, a former Credit Suisse Group AG proprietary trader who now runs his own hedge fund, is looking to get out of his position selling the yen.

Cheyne Capital Vet To Launch Hedge Fund

Nov 21 2014 | 7:44am ET

Simon Davies, who managed money at Cheyne Capital Management for 11 years, plans to start trading an event-driven fund with Sand Grove Capital Management next year.

Claren Road Hit With $1.9 Billion In Redemptions

Nov 20 2014 | 1:50pm ET

Claren Road Asset Management has been buffeted by redemption requests following its dismal October.

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In Depth

Hedge Funds Take Interest In ‘Soft Deposits’

Nov 19 2014 | 11:56am ET

New York-based Winchester Equities, headed by Avi Benamu and Jack Hazan, funds soft deposits for property developers short of ready cash. To find out more about the firm, which has attracted backing from hedge funds and a family office, FINalternatives' Mary Campbell spoke recently with Benamu.

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    Nov 4 2014 | 9:45am ET

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    Oct 22 2014 | 9:46am ET

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