Mergers and acquisitions are not a common step for hedge funds. But the increased stresses of the industry, including skyrocketing costs and investors’ penchant for established entities, is forcing many funds to close their doors. Some are opting to merge with bigger institutions, like Eisler Capital which is acquiring Glen Point Capital in a rare …
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One of the world’s oldest and most famous hedge funds, Caxton Associates, is moving its headquarters to London form New York. The change is seen as a symbolic boost to the financial services industry of the UK as the consequences of Brexit creep closer. Caxton was founded in 1983 by Bruce Kovner, a legendary investor …
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London-based hedge fund EDL Capital is moving to Switzerland. Edouard de Langlade, who used to be part of Moore Capital, has decided to take his fund out of London and join the sector in Switzerland. EDL is a macro hedge fund started by Langlade in September 2015. Macro hedge funds bet on macroeconomic trends and …
London-based hedge fund executives saw their take home pay crumble as their base salaries and bonuses imploded in 2013. According to Emolument.com, a company which analyses salary levels, there has been a serious change in the volatility in what hedge fund professionals are paid, especially among the highest paid individuals. Figures show that compensation packages …
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The Man Group Plc (EMG) is the largest publicly traded hedge fund manager in the world, but that has not prevented them from suffering from bad economic times. They say that clients relieved them of a net value of $1 billion in funds during the first quarter of 2012, and other costs such as employee …
In London hedge funds are working hard to change their image, and one of the first steps they are taking is moving out of exclusive Mayfair and finding humbler digs in more ‘down-to-business’ parts of London. Mayfair has long been the denizen of the hottest hedge fund firms, as well as the most expensive office …
Founded in 1992 with its headquarters in London, Culross Global Mangement Ltd (CGML) has been managing portfolios of Hedge Funds since 1995. The Culross Global Fund and the Culross H Fund were selected as nominees for 19 industry awards since 2007, and was the winner ten times, honored for superior risk adjusted returns. In November …
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The Greed of London’s Hedge Funds It seems that no matter how much money one accrues, they always want more. Well, at least that’s been the case for hedge funds around the world. Today however, those in London are getting a bit of a lesson in greed and perhaps they won’t be able …