Old Fund Opening to New Owners

For the first time in Blenheim Capital Management’s history ownership of the company is opening to new blood. Willem Kooyker, the 74-year-old pioneer in commodities investing, launched the fund almost thirty years ago, specializing in natural resources, such as oil, agriculture, metal and everything in between. With about $1.5 billion assets under management, at its …

Trump Backer Helped UK Pass Brexit

Billionaire Trump supporter and US hedge fund manager Robert Mercer, not only helped finance the President’s campaign, but also played a crucial part in the UK’s vote to exit the European Union. Owner of the right-wing news organization Breitbart, Mercer is suspected of using his data-analytics firm, Cambridge Analytica, to give expert advice to the …

Hedge Fund Figures Tallied for 2016

Eurekahedge has compiled much of the data to evaluate hedge fund performance and fund flows throughout the challenging 2016 investing year. Managers have reported a performance-based gain of $35.1 billion in 2016. Net asset outflows totaled $55.1 billion. The vehicle with the largest redemptions were long/short equities with an outflow of funds totaling $29.1 billion. …

California’s Agile Fund Adds Hedge Fund Experts to Managing Team

Agile Fund Solutions, a money management firm based in California, announced that Greg Gleeson and Andrea Schweikert will be joining the company as hedge fund specialists. Vincent Calcagno, CEO of Agile, explained the move to hire hedge fund specialists: “Southern California presents a major opportunity for Agile. Greg is a veteran player in the SoCal …

Competition Forcing Hedge Funds to Lower Fees

Just like any other industry, competition combined with poor results is forcing hedge funds to charge less for their services to entice customers. The current fee structure, known as 2-and-20, for the 2 percent fee charged on the total number of assets managed, and for the 20 percent of return managers take as their share …

Two US Hedge Fund Managers Picked for South Korean Pensions

The National Pension Service of South Korea, the third-largest pension fund in the world, chose to US-based funds to invest their money. The funds are BlackRock Inc and Grosvenor Capital Management, to manage investments in funds of hedge funds this year. NPS will give each firm as much as $500 million, according to the pensions …

Giant NYC Pension Fund Expected to Divest from Hedge Funds

The country’s largest pension fund for municipal employees, the New York City Employees’ Retirement System, is preparing to vote on Thursday to divest its investments out of hedge funds. It is expected that a majority of the pension fund’s trustees will choose move its money out of risky and high-fee-burdened hedge funds to funds which …

Triada Capital Shows Gains Where Others Loose

Asian hedge funds have had their worst year so far in 2016 as a group. Yet there are a few funds that are showing profits despite the harsh financial climate. One of those is Triada Capital. This Hong Kong-based firm includes among its founders an all-women team of credit investors from CQS Management. This group …

Fund Looking Towards Southeast Asia for Profits

The FengHe Asia Fund, led by Matt Hu, thoroughly beat its peers last year by shorting China-related stocks and putting its assets in Vietnam and the Philippines. Deng Jiewen is part of the five-member team that manages FengHe, said that the economies of Southeast Asia are doing a better job of running their economies than …

Orange Capital Hedge Fund Closing Shop

Co-founder Daniel Lewis of Orange Capital announced to his investors that, after two years of poor returns, activist hedge fund Orange Capital will be returning funds to its investors. “Our performance simply has not met our own high standards,” said Lewis in a message to investors. The fund opened in 2005, and returned 12.1 percent …