Hedge Funds and CTAs

For Monterey Capital Management, 2010 was more of the same, as the firm's Japan hedge fund posted near 20% returns.

Swiss fund of hedge funds EIM is losing its London chief and his royal touch.

The new Indus PacifiChoice Asia Fund debuted with US$10 million.

Fund of hedge funds shop Guidance Capital has been sold to investment firm William Blair & Co., its first foray into the hedge fund space.

UBS has launched a trio of new hedge fund exchange-traded funds tracking the HFRX Global Hedge Fund Index.

Last year, Kenneth Griffin's campaign contributions helped fuel the big Republican victories to humble President Barack Obama. Now, the Citadel Investment Group chief is doing all he can to make Obama's former right-hand man the next mayor of his hometown.

Russell Investments has hired a fund of hedge funds veteran to boost its institutional consulting group in the Americas.

Texas-based Frost Investment Advisors has launched a mutual fund incorporating hedge fund and private equity strategies.

Building on the success of their first real estate-themed fund, Florida-based Transcendent Investments Management is rolling out a second vehicle—this one focused entirely on distressed residential properties.

Many brand-name hedge funds did as they are supposed to—and paid to—do in 2010, topping their hedge fund peers, with some even besting a strong stock market.

One of the biggest hedge funds was among the best: Bridgewater Associates' flagship added 38% last year. Bridgewater's rivals across the Long Island Sound, Renaissance Technologies, would have done even better if not for its 44% performance fee: The firm's Medallion Fund was up 30% net of fees, anyway.