Thursday, 27 November 2014
Last updated 15 hours ago
Jan 10 2014 | 1:07pm ET
Clareville Capital Partners beat two of the biggest names in the European hedge fund industry to be last year's top performing hedge fund in the region with more than $250 million in assets.
Clareville's US$291 million Pegasus Fund returned 54.1% through October, good enough to top Bloomberg Market's annual ranking of large and mid-sized European hedge funds. The firm beat out Lansdowne Partners' US$1.5 billion Developed Markets SIF, which rose 44.5% over the period, and The Children's Investment Fund Management, which returned 39.7%. TCI manages US$7.3 billion in assets.
Former GLG Capital star trader Philippe Jabre rounds out the top five, with his Jabre Capital Partners' US$520 million Multi-Strategy Fund up 37.8% and its US$507 million Global Balanced Fund up 37.5%.
Clareville took the top spot with several concentrated bets on British stocks. Notable winners last year included airline stocks International Consolidated Airlines Group and EasyJet, as well as online property company Rightmove, Dixons Retail and food wholesaler Booker Group.
Lansdowne's SIF fund didn't only do well by itself. As part of Lansdowne's flagship hedge fund, it helped vault the Developed Markets Fund to 15th place on Bloomberg Markets' list.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...