Thursday, 21 August 2014
Last updated 4 hours ago
Aug 22 2008 | 12:05pm ET
Bramdean Asset Management’s listed fund of hedge funds is doing away with its less-super investments.
The London firm, run by “Superwoman” Nicola Horlick, pulled its investments in five of the eight hedge funds in its transitional portfolio. Among those canned in the fund’s biggest-ever monthly reshuffle was a fund run by Nobel Prize winner Myron Scholes.
“In response to the continuing market turbulence,” the firm “is increasing the focus on capital preservation,” it said in a statement.
The funds no longer managing money for £131 million (US$243 million) fund of funds are Scholes’ Platinum Grove Contingent Capital Offshore Fund, York Capital Management’s Asian and European funds, the Enso Global Equities Fund and Oak Hill Credit Alpha Fund. Bramdean also switched funds at James Simons’ Renaissance Technologies, moving its money from the Renaissance Institutional Equities Fund to the Renaissance Institutional Funds Fund International.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note