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
CTA performance stands out during an uneventful summer
The summer months are notoriously difficult and slow for the markets, which means there are not as many surprises as usual in the August numbers for hedge fund performance; however, predictability shouldn’t be sniffed at in today’s uncertain climate.
Edginess continued to be the watchword, particularly for equities strategies, where returns reflected lower exposure levels, although there was the odd outlier. CTA proved an exception as a strategy, with many enjoying a strong August, setting the managers’ fair for the final quarter.
Man celebrated the conclusion of its merger with GLG by posting a 6.5% August returns; while Tulip Trend posted 5.45% through 20 August to catapult its YTD numbers to 7.9%.
One CTA that’s left with a lot to do in the final quarter if it’s to reach parity is Eagle Global. It fell a further 4.8% through 20 August and is left to recover from a -13.86% YTD return.
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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"
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