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Ex-Canada Pension Manager Seen Raising $1.1 Billion for New Fund

bloomberg.com — 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.

Och-Ziff Plea Stalls Rise of Hedge-Fund Billionaire’s Protege

bloomberg.com — 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.

Perry’s Retreat Piles Pressure on Hedge Funds Chasing Mergers

bloomberg.com — 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.

Former BlueCrest Money Manager Tej Johar Said to Plan Hedge Fund

bloomberg.com — 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.

Soros Helping to Turn Back Tide of Hedge-Fund Outflows in Europe

bloomberg.com — 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 Hires Two Ex-Visium Money Managers for Equities Team

bloomberg.com — 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.

Aylward Said to Raise $300 Million for London Credit Hedge Fund

bloomberg.com — 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 Said to Add $1.3 Billion in Assets This Year

bloomberg.com — 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.

Hedge Fund Marshall Wace Ups Wagers Against Deutsche Bank Shares

bloomberg.com — 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.

Lansdowne’s Roden Says Hedge Funds Shouldn’t Blame ETFs for Woes

bloomberg.com — 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.
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Sep 30, 2016

Och-Ziff's bribery plea stalls the rise of the hedge-fund billionaire’s protege  http://bloom.bg/2d0yvBF  via @markets wt @wildfranz

Sep 30, 2016

Gibbins, Rokos Hedge Funds Top Macro Titans Bemoaning Low Rates  http://bloom.bg/2d0D4fe  via @markets

Sep 30, 2016

Meet the Israeli diamond magnate at the heart of Och-Ziff’s Africa ambitions  http://bloom.bg/2d0cnaA  @markets by @wildfranz & @GeigerWire

Sep 30, 2016

Och-Ziff Plea Stalls Rise of Hedge-Fund Billionaire’s Protege  http://bloom.bg/2d0yvBF  via @markets

Sep 29, 2016

Perry’s Retreat Piles Pressure on Hedge Funds Chasing Mergers  http://bloom.bg/2cXyKO8  via @markets

Sep 29, 2016

RT @liamvaughanBBG: Och-Ziff Unit Said Expected to Plead Guilty Over Africa Bribes. Nice scoop from colleagues @geigerwire @wildfranz https://t.co/24xlSuwuTC

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