Does loyalty lie with the lawyer or the law firm?
Big changes were afoot in the London hedge fund legal scene last week, after New York-based Akim Gump swooped on Simmons & Simmons
08/09/2010
Conquest bucks the macro trend with a strong August
Macro funds were another strategy underexposed in August, reflected in a collection of flat numbers from managers.
Brevan’s Asia Fund was up 0.18% for the first half of August, its mammoth $20bn Brevan Howard fund was down a touch and its EM markets strategies fund returned 0.52%, both for the same period. Emso returned 0.48% by 25 August and the Gavea fund 0.28% by 20 August.
One fund that well and truly bucked the trend and blew the competition away was the Conquest Macro Fund. It was already having a decent year, up more than 12%, but then Marc Malek and his trusty portfolio managers posted 11% in August, taking the fund’s YTD number to 23.32%.
Since May, Conquest Macro has swung violently from positive to negative and back again. The fund returned close to 12% in May, fell 9% in July and bounced back 11% in August.
- Share
-
Text Size
Decrease text size
Increase text size
Editor's view: 8 February 2012
Speculative moves, a perceived landgrab and a potential bidding war in the hedge fund sector have all opened up in recent weeks
Comment: Julian Korek
"Advisers need to be analysing key considerations and determining where they fall in the spectrum of SEC registration; no easy task given the scope of the legislation"
Investor demand for CTAs is on the rise, says Agecroft Partners
Agecroft Partners is seeing widespread demand from institutional investors for Commodity Trading Advisors (CTAs), which is a dramatic change from the historical reluctance of many institutional investors and their consultants to allocate to this strategy.
Read More29/02/2012
UK: Open Protocol: The Challenge and Opportunities of Standardising Hedge Fund Risk Reporting
Join us and our panel of experts for HFMWeek's Subscribers' Club February's UK breakfast briefing…
29/02/2012
US: Endowments and Foundations in Hedge Funds
The next US HFMWeek Subscribers' Club breakfast, will take place on Wednesday February 29. Join…
02/02/2011
European Hedge Fund Services Awards 2012
HFMWeek's European Hedge Fund Services Awards are designed to recognise companies that have outperformed...
Be the first to comment on this article!