Hedge Funds and CTAs

Last year, the family that has controlled the Pittsburgh Steelers football team since its inception balked at handing the reins over to hedge fund billionaire Stanley Druckenmiller.

A new Hong Kong-based hedge fund platform founded by Morgan Stanley’s former Asia prime brokerage chief is adding an Elliott Advisors executive as chief operating officer.

Hedge fund consulting boutique Atrato Advisors has tapped Hyacinth Chu, an 11-year veteran of the prime brokerage businesses of Morgan Stanley and UBS, as a managing director.

When the hedge fund industry was in freefall last year, it was widely assumed that the end of an era was at hand.

Hedge fund giant Citadel Investment Group’s bid to transform itself into a financial services giant will begin in earnest next month with the opening of a fixed-income sales and trading business.

It’s been a busy few days for Harbinger Capital Partners.

Following news that it trimmed it stake in The New York Times Co.—at a loss—the New York-based activist hedge fund shop announced plans to buy a satellite company and sell off a big chunk of its stake in a major power company.

Hedge funds have had their best year-to-date in almost a decade, and are being handsomely rewarded by investors with fresh infusions of cash.

Activist hedge fund manager William Ackman is betting on the economic revival, as well as a recession-proof standby.

Investors are returning to Charlemagne Capital, but that didn’t save the London hedge fund firm from posting a precipitous drop in profit for the first half.

Hedge funds lagged the broader markets in August and have fallen behind for the year, according to the latest figures from HedgeFund.net.