Hedge Funds and CTAs

Sweden's Brummer & Partners is setting up an Asian event-driven hedge fund shop to be headed by a former Millennium Management portfolio manager.

Gartmore Group, the embattled hedge fund manager fighting for its survival, will cut more than 10% of its staff in Britain as part of its cost-cutting efforts.

November was one of the worst months of the year for the hedge fund industry, which saw broad losses. But it was easily the best month of the year for William Ackman and Pershing Square Capital Management.

Hedge funds suffered their worst month since May's "flash crash" in November, according to the Bloomberg Aggregate Hedge Fund Index.

Hedge funds were among the biggest beneficiaries of a Federal Reserve bailout program that lent tens of billions of dollars in an effort to inject liquidity into the asset-backed securities market.

Frontier Capital Management is set to launch its second vehicle, a fund of managed futures hedge funds.

His real-estate troubles in Colorado aren't keeping Louis Bacon from buying more of it.

David Makula’s Oak Street Capital Management of Chicago has raised $5.2 million for the Oak Street Capital SPV 1 hedge fund, according to regulatory filings.

New York Life Investments will acquire a majority stake in the $4 billion private equity and fund of hedge funds shop Private Advisors.

The Signet Group, a $1.7 billion fund of funds founded by Robert Marquardt, has signed a deal with the consulting and services firm Wilshire Funds Management.