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.
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.
Crude oil has broken through levels not seen since 2014 and it appears to be entering a new phase, ending the downward super cycle that took crude from above $100 per barrel to under $30, and entering a phase where both supply and demand are expected to grow.