Hedge Funds and CTAs

Aspect Capital has jumped onto the UCITS III bandwagon, offering a regulation-friendly version of its algorithmic trading hedge fund.

Sumitomo Trust & Banking Co. has shuttered a US$50 million hedge fund.

Frank Grimaldi worked on investment opportunity origination at New York-based Brevet Capital.

Artradis Fund Management, once Singapore's biggest hedge fund firm, is closing its doors after two years of negative returns.

The volatility specialist plans to return cash to investors in both its AB2 and Barracuda funds by the end of next month. The firm currently has about US$800 million in assets under management, down from US$4.5 billion just two years ago.

Paulson & Co.'s flagship hedge fund was still down by double-digits in August. It ended the year up double-digits. How? With (more than) a little help from Citigroup.

Strong performances from its hedge funds helped BlackRock beat analysts' expectations in the fourth quarter.

"Hedge funds finished strongly in 2010, and most have now fully recuperated from 2008's hangover," Morningstar's Nadia Papagiannis said.

Renaissance Technologies is fighting to hold on to about $100,000 after the New York State Department of Labor ruled it should have treated its security guards as employees.

SAC Capital Advisors has bought up a 5.3% stake in delivery chain Domino's Pizza, the hedge fund giant disclosed in a regulatory filing.

The Bank of New York Mellon has named a hedge fund executive its new head of client management for the Asia-Pacific region.