Rally eases ‘pain trade’ for fund managers
Stockpickers have found past six weeks especially rewarding after the diminishing correlation of equity prices in response to macro shocks
Hedge funds
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Hedge funds ride European bank rally
Year so far has seen some of the strongest performance numbers from equity-focused managers since 2009
Cevian builds up stake in Cookson
Hedge fund now largest shareholder in industrial materials group
Ex-TCI star emerges at rival
Hattink joins six other ex-TCI stars at Thélème
Europe’s pensions flee hedge funds
But in the US, billions pour into the hedge fund sector
Church of England doubles hedge fund investments
Anglican portfolio now among biggest investors
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Comment and analysis
TCI goes where other funds fear to tread
Despite recent travails, chief executive Chris Hohn says the firm’s long-held way of investing is intact and is reaping dividends again
The outsider who has run foul of the FSA
David Einhorn, the fund titan who shorted Lehman, has sold himself short, write Sam Jones and Dan McCrum
Accidents, Einhorn and market abuse
Market abuse damages public confidence in the integrity of markets. That is a serious matter and the FSA is right to take it seriously
Gulf between US and UK ‘insider trading’
Lawyers and traders on both sides of the Atlantic have criticised the £7.2m fine on hedge fund mogul David Einhorn but for different reasons
Hedge funds give Greek bonds wide berth
Firms face great uncertainty if they take on Athens for larger sums as most of the country’s bonds are under sole jurisdiction of Greek laws
No bad news is good news for Man Group
The battered hedge fund hopes to rebound in 2012 despite looming job cuts, more market turmoil and problems with its computer-driven trader
Man Group: going with the outflow
The world’s largest listed hedge fund has turned to cost-cutting as it struggles to arrest the outflow of investor funds
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