Hedge Funds and CTAs

Stockholm-based Emeralt Investments has launched a new Eastern European-focused hedge fund with seed capital from a Swedish investment company.

Two years after his last hedge fund went belly-up, United Capital Markets' John Devaney is mulling a new debt fund.

Devaney is drawing up rough plans for a fund called Client First. Under that plan, Devaney would personally take the first $20 million in losses in exchange for a bigger cut of the profits in good times. Since shuttering his Horizon Strategy fund during the summer of 2008, Devaney has been managing his own $60 million fortune, and says he has doubled his money over the last two years.

A pair of famously vocal hedge fund managers turned in fairly average performances in September.

People in and around the British hedge fund industry are dismissing a report that some one-quarter of London's hedge fund employees have decamped to Switzerland.

If their replicators are any indication, the average hedge fund added 3% last month.

Paul Russell has returned to hedge fund Global Advisors as chief operating officer after a three-year stint with Clive Capital.

Add Passport Capital to the list of hedge funds that outperformed their peers but badly lagged the broader markets in September.

Newly-formed Simple Alternatives has launched its first product, a mutual fund of hedge funds that aims to live up its name.

BlackRock CEO Laurence Fink's son, Joshua, made his father very, very proud with an exceptionally strong September for his hedge fund.

As stocks enjoyed their best September since the Great Depression, two prominent hedge fund managers went in different directions.