Hedge Funds and CTAs

ValueAct Capital will close to new investors next year after raising $500 million, the firm said.

The San Francisco-based activist hedge fund currently manages $4.5 billion, and expects to reach the $5 billion mark in the first or second quarter of next year. When it does, it will close to new investors for three years.

In another sign that the hedge fund industry is all but fully recovered from the financial crisis, the U.K. Financial Services Authority authorized more new hedge funds in the third quarter than it had in two years.

October was a good month for commodity trading advisers, according to research firm Newedge Group.

For years, Ermitage Group has managed money for the California Public Employees' Retirement System. Now, the hedge fund firm has a new role: information technology provider.

The head of Morgan Stanley's asset management business reiterated that the bank may sell off its minority stakes in several hedge funds.

Shumway Capital founder and namesake Chris Shumway is reducing his day-to-day role at the Greenwich, Conn.-based hedge fund.

Perry Capital's last equity specialist has left the firm and may launch a hedge fund of his own.

The Cenario Volatility Fund hedge fund has debuted with $9.1 million in an uncapped equity offering, according to regulatory filings.

Muhr founded Cenario Capital Management in 2009. Prior to this, he had been co-founder and CEO of Volaris Advisors, a pioneer in the trading of volatility as an asset class.

Fund of hedge funds firm Liongate Capital Management has announced that it is participating in the establishment of the Hedge Fund Standards Board Investor Chapter.

Commodity trading adviser Quantitative Investment Management will reopen both of its funds on Dec. 1, it said today.