Kris Devasabai

Strategy

Falling correlations signal better times for equity long/short hedge funds

Analysis from JP Morgan shows strong relationship between intra-stock correlation and equity long/short hedge fund returns

11 Mar 2013

Fund of funds

Principal muscles into FoHF sector with Liongate stake

US asset manager Principal Global Investors acquires majority stake in FoHF manager as traditional distributors move into the struggling sector

06 Mar 2013

Strategy

UK government scheme spurs creation of direct lending hedge funds

Lending boost

25 Feb 2013

Hedge funds

Preparations for buy-side clearing of OTC derivatives falling behind schedule

Into the unknown

22 Feb 2013

Investors

Endowments question merits of hedge funds after negative returns in 2012

Hedge funds remain the single largest allocation for US university endowments but an extended period of lacklustre returns is leading some in the endowment community to question their value.

01 Feb 2013

Hedge funds

Flurry of deals as big asset managers target stakes in hedge funds

The past couple of months have seen six established hedge funds sell minority stakes to large fund managers, including Neuberger Berman and GAM

30 Jan 2013

Hedge funds

SEF confusion stymies buy-side move to electronic swap execution

Future shock

30 Jan 2013

Hedge funds

Pressure on prime broker funding model threatens to drive up financing costs for hedge funds

Big squeeze

23 Jan 2013

Single manager

Ex-Citadel managing director's structured credit hedge fund secures seed deal

Grosvenor Capital Management has committed $85 million in seed capital for a structured credit hedge fund started by a group of former Citadel executives.

22 Jan 2013

Hedge funds

Mariner absorbs Concordia as hedge fund consolidation gathers pace

Concordia Advisors, which manages around $1 billion in relative value-oriented interest rate, credit and equity strategies, is to merge with $10 billion hedge fund Mariner Investment Group.

16 Jan 2013

Hedge funds

MKP sells stake to Dyal and bolsters senior management team

Private equity fund Dyal Capital Partners has made its fifth hedge fund investment with the purchase of a minority stake in MKP, a hedge fund manager specialising in global macro and credit strategies.