Hedge Funds and CTAs

Investors in Marshall Wace Asset Management’s MW Tops fund voted on the London-based firm’s proposal to shutter the vehicle and move its assets to a UCITS III-compliant, but unlisted, hedge fund it runs.

Stanley Druckenmiller is getting going.

The Duquesne Capital Management chief is closing his $12 billion hedge fund, citing the difficulty of maintaining above-average returns and the “heavy personal costs” of 30 years in the hedge fund business.

Former hedge fund manager Ajay Kapur has joined Deutsche Bank to head the firm’s Asian equity strategy team.

Dara Akbarian’s short hedge fund career is over, at least for the time being.

Cheyne Capital Management today laid out plans to restructure, rebrand and reduce risk in its listed mortgage hedge fund, Queen’s Walk Investment.

Investors fled the Gartmore Group in the second quarter following the firm’s suspension of one of its top hedge fund managers.

Deutsche Bank’s former top proprietary stock trader has resurfaced at hedge fund Graham Capital Management.

Credit Suisse has brought back Lesley Goldwasser to run a new unit seeking to provide long-term financing for hedge funds.

Heads of sales and marketing for the U.S. and Europe at BlueCrest Capital Management have an average tenure of about six months. Bob Shea, the former UBS Global Asset Management executive, no doubt hopes to hold the job for slightly longer.

Hedge fund VCG Special Opportunities Master Fund suffered another blow in court yesterday,  where it has been battling to recoup losses it suffered as a result of investing in a series of credit-default swaps.