Hedge Crunch FinancialCompany Spotlight
Brevan Howard Doing Well Amid Current Financial Uncertainty
New Jersey-based Brevan Howard Asset Management is riding the storm of the coronavirus outbreak in excellent shape, predicting that March could be its best month since it was founded in 2003. The firm’s flagship macro hedge fund, Brevan Howard Master Fund, saw a rise of 17% during the first three weeks of March, adding up […]
BlueCrest Makes $2 Billion for Owner Michael Platt in 2019
Last year was a great year for Michael Platt, by anybody’s standards. Four years ago the head of BlueCrest Capital Management, Platt, decided to close his fund to new investors and to dismiss his old clients, leaving him the sole owner of his hedge fund. Platt, however, kept his trading teams working, amassing wealth exclusively […]
Hedge Fund TCI to Demand More Green from Companies
An unlikely investor is taking drastic steps to bring sustainability to his portfolio. Sir Christopher Hohn, the British head of the New York hedge fund TCI, will use his $30 billion worth of influence to demand that the companies in his portfolio disclose their carbon footprint and reduce their use of fossil fuels and greenhouse […]
First Compliant Cryptocurrency Hedge Fund Opens in Asia
The Circle Fund, with teams of investors in Shanghai, Hong Kong and New York, is the first Asian cryptocurrency hedge fund to be compliant with global regulations. The company behind the fund is made up of people with over five years of experience in the primary and secondary blockchain industry markets. The investors involved in […]
Parplus Fund Has No Management Fees
James Carney, founder of Parplus Partners, says his fund will never take a management fee. He will, instead, charge his clients a performance fee when and if his funds surpass the S&P 500 stock index. “Eat what you kill. That’s what I’ve been doing for 34 years,” said Carney, who is also the fund’s CEO. […]
BlueCrest Capital Ringing in the New Year with Great Gains for 2019
Michael Platt’s BlueCrest Capital, now a private investment firm, saw profits climb by about 50% this past year. The hedge fund has had a run of great years since it gave back outside investors’ funds and became a strictly family investment company. Until 2015 BlueCrest was one of the world’s largest hedge funds. The company […]
Deal Creates Largest Movie Operator in North America
Britain-based Cineworld is taking over Canada’s Cineplex Inc in a deal valued at $2.1 billion. The merger will create the largest cinema operator in North America. Cineworld offered US$25.56 (C$34) per share for the Toronto-based Cineplex, that is 42% more than its closing price before the weekend. Cineworld shares climbed by 1.4% in early trading. […]
Deutsche Bank’s James Ruane Moving to Bayview International Hedge Fund
As Germany’s largest bank, Deutsche Bank, is making big changes during its most comprehensive restructuring since it was established 149 years ago, James Ruane, head of the bank’s internal mergers and acquisitions, has chosen to depart. Ruane was a member of a small group working closely with Chief Executive Christian Sewing, which led the unsuccessful […]
Compare Apple to Amazon: How Different Company Cultures Get Great Results
Apple is a tech company founded in 1976 in Cupertino, California, whose pursuit of great design and beautiful products says “Money is no object.” Compare this to Amazon, founded almost 20 years later in Seattle, Washington, is a company known for its frugality that breathes “we’re gonna save you money.” Both companies rose to mega-fame […]
Smaller than Average Fund Reaping Better Than Average Returns
Launched in 2015, Monica Hsiao’s Triada Capital Ltd is the little fund that could. Hsiao, who is a native of Guam, started her fund with a mere $7 million, some of it from her parents’ savings. That number is only about one-third of what an average Asia-focused hedge fund company begins with, at least recently. […]