Hints and tips:
...But he resigned from GLG as his returns were starting to go down, and joined Louis Bacon’s hedge fund Moore Capital Management in 2008....
...Five unmissable stories this week GLG RIP: Robyn Grew is making her mark as the new CEO at Man Group, retiring the GLG brand — one of the best-known in the industry — and merging some teams together....
...Last year, Man reported an 18 per cent jump in profit to $779mn, driven by an increase in performance fees, much of which came from the group’s computer-driven macro funds....
...“It’s going to become more of a credit-picker’s market,” predicts Mike Scott, head of global high-yield and credit opportunities at Man Group GLG....
...Eight of the team, including four investment professionals, subsequently moved to Kirkoswald Capital, a US-based hedge fund firm launched by former GLG star trader Greg Coffey....
...BlackRock, GLG, Point72 and Citadel are among hedge funds running bets against the firm, according to Breakout Point and regulatory filings....
...After an 18-year stint at Goldman Sachs, he joined the swashbuckling hedge fund GLG Partners in 2005, just as markets were reaching a peak, and then helped to prime it for a listing two years later, just...
...After a bumper 2021, “Europe has underperformed”, said Mike Scott, lead portfolio manager at Man GLG....
...Mr Phillips and Mr Fayman managed a $1.4bn global macro fund at BlueBay before their departure in 2014....
...Former GLG star Philippe Jabre, Omega Advisors’ Leon Cooperman and Eton Park’s Eric Mindich are also among those to have closed funds in recent years....
...Last year, the FT reported that a GLG Partners fund created out of assets bought by star manager Greg Coffey before the crisis, including a large stake in a Siberian coal mine, had only recently made the...
...Mr Coffey, who has decided to cap the size of the fund at $2bn but had commitments from investors of about $3.5bn, is staging a comeback following several years of poor performance for so-called global macro...
...Mr Coffey ran about $7bn of funds at London-based GLG, where he made big gains from bullish positions in EMs....
...And Balyasny Asset Management’s Atlas Enhanced fund was down 3.7 per cent last month to November 23, taking its losses for the year to 6 per cent, according to numbers sent to investors and reviewed by the...
...The star was the GLG Continental European Growth Fund, part of the group’s discretionary trading unit, which has had a year-to-date return of 7.5 per cent net....
...Michael Scott has joined Man Group’s GLG discretionary investment arm as a credit portfolio manager. Mr Scott moved to the $113.7bn London-listed hedge fund manager from Schroders....
...Mr Coffey gained attention in the London hedge fund industry when he joined the GLG Emerging Markets desk, where he raked in double-digit returns....
...Mr Coffey built a reputation in London as one of the world’s most successful emerging markets macro investors in the run-up to the 2008 financial crisis while he oversaw a fund at GLG....
...Mr Coffey, an emerging markets macro trader who built a reputation for outsized returns in the run-up to the financial crisis at GLG, is due to launch in London later this year with expected commitments...
...The reversal of fortunes for macro strategies has seen other well-known managers and financiers prepare to launch their own macro funds, including former GLG and Moore Capital star trader Greg Coffey, Hassim...
...Not all macro funds are performing well, however....
...Mr Coffey made his name as one of the world’s most successful emerging markets investors in the run-up to the 2008 financial crisis when he ran macro hedge funds, which take bets on the global economy via...
...tips Mr Lowcock points to JPM Global Macro Opportunities fund as a good choice for a global equity fund....
...He is said to be fundraising for an emerging markets macro fund, KAM Portfolio Management, and aims to start trading in April or May....
...Although the “macro landscape continues to be challenging”, said Mr Johnson, 2017 had “started positively for the firm”, with nine transactions already executed in the first quarter....
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