Archive for December, 2011

US Investor Acquires 2.4 Billion UK Hedge Fund Group

$351.7 billion US investment manager, Federated Investors, Inc., is acquiring Prime Rate Capital Management from UK hedge fund, Matrix Group Limited. Prime Rate Capital Management’s family of UCITS hedge funds include: Prime Rate Sterling Liquidity Fund, Prime Rate Euro Liquidity Fund and Prime Rate US Dollar Liquidity Fund. Together worth approximately GBP 1.5 billion ($2.4 billion.) “The agreement will [...]

Hedge Fund Strategy

J.P. Morgan Lays Off Three Senior Hedge Fund Execs

AR Magazine reports that J.P. Morgan’s hedge fund, Highbridge Capital Management, has laid off three senior execs, including two portfolio managers, as its long/short fund continues to struggle. The dismissals were confirmed by two people familiar with the firm who preferred to remain anonymous, AR said. With its $1.8 billion long/short equity fund down 12.6% [...]

Hedge Fund Strategy

GlobeOp: Hedge Funds Close 2011 On A Positive Note

Hedge fund flows as measured by the GlobeOp Capital Movement Index advanced 1.55% in December. “December closes the year on a positive note with net inflows of 1.55 percent, driven primarily by healthy subscriptions,” said Hans Hufschmid, chief executive officer, GlobeOp Financial Services. The GlobeOp Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions [...]

Hedge Funds