Saturday, 25 October 2014
Last updated 1 day ago
Mar 9 2010 | 3:47am ET
UCITS III-compliant vehicles are one of the fastest-growing segments of the hedge fund industry, except at Brevan Howard Asset Management.
Europe’s largest hedge fund manager has pulled the plug on its first UCITS fund and said goodbye to its managers, Financial News reports. Philip Payne and Ian Winship have left the firm.
The Brevan Howard Absolute Return Bond Plus Fund never attracted much interest from investors, “despite positive performance,” the London-based firm told investors last month. The fund was seeded with US$250 million.
Payne and Winship joined Brevan Howard in 2008 along with three colleagues from Aberdeen Asset Management. The other three, Adrian Hilton, Harry Melandri and Michael Siviter, remain at the firm.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.