Hedge Funds and CTAs

Goldman Sachs will be allowed to keep its stake in a Tennessee bank because it is held by a bank-owned hedge fund.

British asset manager Hume Capital's Global Opportunities hedge fund is set to launch at the end of the month after getting mired in red tape.

It's status quo ante-2008 for a pair of Old Mutual hedge funds.

Société Générale has named a hedge fund founder and executive its new head of fixed-income and currency sales in the Americas.

Hedge fund Independent Franchise Partners is set to close its flagship stock fund after raising some US$5 billion in just two years.

The London-based firm, founded by former Morgan Stanley global franchise strategy head Hassan Elmasry, said its global fund will be closed to new investors by the end of this month.

Plenum Investments will launch a new hedge fund investing in something familiar, but in an unfamiliar place.

The co-CEO of Brevan Howard Asset Management has joined the firm's founder in Switzerland, and hopes he in turn will be joined by a horde of former bank proprietary traders.

Swiss Hedge Capital has launched a long/short equity fund based on its flagship Granada Europe Fund domiciled in its home country and regulated by the Swiss Financial Market Supervisory Authority.

36 South Investment Managers’ Black Swan Fund gained 234% in 2008. The fund, which capitalized on the unexpected, high-impact events known as black swans, was shuttered in 2010 after losses. Now the firm, relocated from New Zealand to London, is preparing to launch another tail risk vehicle, the Black Eyrar Fund.

Hedge fund journals everywhere—this one included—routinely rely on and trumpet hedge fund indices as accurate barometers of how the industry is performing. But a new study has revived concerns that indices are anything but an unvarnished look at hedge fund returns.