Hedge Funds and CTAs

Bridgewater Associates, the world's largest hedge fund, will outsource its back-office functions, hiring the Bank of New York Mellon to handle the job.

After more than tripling its assets under management over the past year-and-a-half, Sandler Capital Management is taking a breather.

A year after joining BlackRock from Brevan Howard Asset Management, Ian Winship has a new fund of his own.

In a fatal blow to a months-long effort by hedge fund managers and others underwhelmed by the potential Republican challengers to President Barack Obama next year, New Jersey Gov. Chris Christie said yesterday that he will not seek the nation's highest office.

PineBridge Investments has added a former JPMorgan Asset Management executive to head its institutional sales and client services effort in the Americas.

A former family office has restyled itself as a financial advisory business and lured a Barclays Wealth director to help run it.

London-based financial services firm bfinance has hired MSCI vet David Crawford as business development director and added six analysts to its research and development team.

U.S. hedge funds with at least $1 billion in assets managed a combined total of $1.399 trillion at the beginning of July, led by the largest American hedge fund, Bridgewater Associates, AR magazine's semi-annual Billion Dollar Club survey shows. The $102 billion jump amounts to an 8% increase since the beginning of the year. Globally, the industry grew even more, adding 18.6% to rise to $2.16 trillion.

As copper prices plummet, one hedge fund is belatedly celebrating its foresight.

August was the worst month for hedge funds in almost three years, and September wasn't much better, capping off the worst quarter for the industry since the height of the financial crisis.