A new fund set up by David Allen is close to securing a 1 billion-euro ($1.1 billion) investment from Canada's Public Sector Pension Investment Board, according to two people familiar with the matter. Allen's AlbaCore Capital is also in talks with additional potential investors, said the people, who asked not to be identified because they're not authorized to speak about it.
At the turn of the century, hedge-fund billionaire Daniel Och sent protege Michael Cohen, still in his twenties, to spearhead Och-Ziff's expansion into Europe. Cohen's team bet so successfully on equities and corporate deals that less than a decade later he was able to buy a 900-acre estate in the English countryside.
Larger discretionary macro and event-driven hedge funds are most at risk of shutting down as low returns weigh on the industry, according to the chief executive officer of the world's largest publicly traded hedge-fund manager.
Tej Johar, a former money manager at BlueCrest Capital Management, is preparing to start his own hedge fund in London, according to a person with knowledge of the matter. Johar's Broad Bridge Capital LLP will pursue an event-driven strategy, betting on corporate events such as mergers and acquisitions as well as restructurings, said the person, asking not to be named because the plan is private.
As hedge funds hemorrhage cash at the fastest pace since the financial crisis, a new crop of money managers is starting to buck the trend in Europe with backing from some of the industry's biggest names, including George Soros and Donald Sussman at Paloma Partners LLC.
BlueCrest Capital Management has hired two former money managers at Visium Asset Management in London, expanding its equities-trading team. Robert Bonte-Friedheim and Owen Taylor started at the investment firm run by billionaire Michael Platt this month, according to Ed Orlebar, a spokesman for BlueCrest.
John Aylward has received about $300 million from investment firm Paloma Partners LLC for his new London-based credit hedge fund, according to two people with knowledge of the matter. Sona Asset Management started trading earlier this month and will manage money exclusively for Paloma for a time before raising capital from external investors, said the people, asking not to be identified because the information is private.
Paloma Partners has boosted assets by $1.3 billion this year, defying a flight of capital from the global hedge fund industry by investors punishing poor performance. The firm now manages $5.3 billion, according to a person familiar with the matter who asked not to be named because the information is private.
Marshall Wace LLP expanded its bets against Deutsche Bank AG even as other investors cut their short positions to the lowest in almost three months. Marshall Wace had a short position valued at $151.1 million on Sept. 16 after the London-based hedge fund firm added more than 400,000 shares to its previously disclosed shorts, the company said in a filing on Monday.
Hedge funds perform badly because their investment analysis has failed and not as a result of an increase in exchange-traded and quant funds, according to Stuart Roden, chairman of Lansdowne Partners. Blaming passive investing strategies and volatility for poor performance by hedge funds is a "bad excuse," Roden said at the Legends 4 Legends alternative investment conference in Amsterdam on Thursday.
Muck Rack makes it simple to find people, tweets, or articles that mention any name, keyword, company, hashtag etc. We've compiled this guide to help you make the most of your search.
Selecting a term
Start searching tweets, articles from media outlets, articles mentioned in tweets, journalists'
names, titles and bios with some suggested searches:
Companies or Topics (e.g. iPhone, Microsoft)
Phrases (e.g. "cloud computing") — use quotes to keep the terms together
Twitter handles (e.g. @username) — returns those who have mentioned or replied to
Names (e.g. "David Pogue")
Hashtags (e.g. #sxsw, #london2012)
Bio details (e.g. vegan, Olympics, father)
Muck Rack's Advanced Search allows for many boolean operators.
Find results that mention multiple specified terms, use AND or
+. For example, ensure each result contains both Elon Musk and Mark Zuckerberg by
searching Obama AND Romney or Obama + Romney.
Use the operators OR or , to broaden your search when you'd like either of
multiple terms to appear in results. (This is the default behavior of our search when no operators
are used.) For example, search for democrat OR republican to find results that refer to
Democrats and/or Republicans.
Use NOT or - to subtract results from your search. For
example, searching Disney will yield results about the Walt Disney Company as well as Walt Disney
World Resort. To exclude mentions of Disney World, search for Disney -World or Disney
When using one of these operators with a phrase, enclose it in quotation marks. For example, you can
find results about smartphones excluding Apple's iPhone 4S by searching smartphone -"iPhone
Use parentheses to separate multiple
boolean phrases. For example, to find journalists talking about having fun in Disney World or
Disneyland, search for ("disney world" OR disneyland) AND fun.
An asterisk can be used to search for any variation of a root word truncated by the asterisk. For example, searching for admin* will return results for administrator, administration, administer, administered, etc.
A near operator is an AND operator where you can control the distance between the words. You can vary the distance the near operation uses by adding a forward slash and number (between 0-99) such as strawberries NEAR/10 "whipped cream", which means the strawberries must exist within 10 words of "whipped cream".