Hedge Funds and CTAs

Former Templeton Global Advisors president Jeffrey Everett is taking his hedge fund north.

Activist hedge fund manager Nelson Peltz has joined the board of directors of Legg Mason after his Trian Fund Management built up a 4.3% stake in the asset management firm.

Not too many years ago, the seemingly inexorable rise of hedge funds looked to some commentators like the death knell for mutual funds.

Hedge funds have become the most popular place for new investment in Brazil as the country’s industry posts some of the best hedge fund returns in the world.

Farallon Capital Management, the huge San Francisco hedge fund, is thinking succession plans.

Mark Kurland, the other hedge fund founder accused of insider trading in the Raj Rajaratnam case, has denied any wrongdoing.

The former top trader at credit fund manager Credaris has teamed up with London hedge fund shop Matrix Group to launch at $100 million hedge fund.

The new Matrix-PVE Global Credit Fund is headed by Gennaro Pucci, head of trading at Credaris until April. While Pucci and UBS veterans Christian Evans and Rachel Barnard will handle the management of the fund, Matrix will provide operational and infrastructural support, including compliance and sales.

Hedge fund Cadogan Management, plunged into uncertainty in recent weeks over its on-again, off-again divorce from parent Fortis Bank, has taken a big step toward resolving that uncertainty.

Despite a difficult year for the average commodity hedge fund, one newcomer has had little trouble attracting assets, and investors have been rewarded for their confidence thus far.

International Standard Asset Management, the hedge fund led by former Man Group CEO Stanley Fink, doesn’t like single-commodity funds.