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FUND managers are important people. You will usually find they are responsible for how your individual savings accounts (Isas), unit trusts and pensions perform. But they do change jobs quite […]

The article states that hedge fund investors were preparing for losses following the December 3, 2015, announcement by central bank the European Central Bank (ECB) president Mario Draghi that the ECB was cutting interest rates to minus 0.3 percent and extending its bond-buying program. According to the article, many funds trading macroeconomic themes had bet against the currency the euro prior to Draghi's announcement. The article discusses declines in the stock market the Stoxx Europe 600.

The article states that European hedge funds such as Odey Asset Management LLP and Lansdowne Partners (UK) LLP lost significantly by betting against mining company Glencore PLC as of late October 2015. According to the article, Odey suffered a 19 percent drop in its OEI Mac fund and Odey's European fund lost 15.7 percent for October. The article presents comments from Odey founder Christian Odey.

The article discusses the price of insurance against a default on the debt of Swiss mining firm Glencore PLC paid by investors. According to the article, investors were paying $330,000 to insure against $10 million of Glencore debt for five years as of August 20, 2015, via credit-default swaps (CDS). The article states that Glencore also reported a significant half-year loss on August 20. The article presents comments from the financial services firm Hermes Investment Management credit analyst Andrey Kuznetsov.

The article states that the devaluation of the Chinese currency the yuan in August 2015 was providing a windfall to investors such as the firms Caxton Associates LLP, Noster Capital LLP, and Omni Partners LLP that bet against the currencies of China's regional trading partners such as Malaysia, Singapore, and Indonesia. The article also discusses how investors attempt to operate in Chinese markets.

The article states that Iceland prime minister Sigmundur David Gunnlaugsson proposed plans on June 8, 2015, to gradually ease restrictions on capital flows to Iceland. According to the article, a deadline of December 31, 2015, was set for creditors to compromise with government committees in charge of the estates of Iceland's three major banks that collapsed in 2008. The article states that the majority of claims against the banks were held by U.S. hedge funds such as Davidson Kempner Capital Management, Silver Point Capital LP, and Taconic Capital Advisors LP.

The article states that the central banking organization the European Central Bank (ECB) planned to escalate its purchase of bonds as part of its $1.245 trillion economic stimulus program in mid-2015. According to the article, comments by ECB executive board member Benoît Coeuré concerning the bond purchase program caused a rally in European stock and bond markets on May 19, 2015.

The article states that activist U.S. investors were attempting to force changes at European publicly traded companies during the early 21st century. It cites efforts by U.S. investment group P. Schoenfeld Asset Management's efforts to make French conglomerate Vivendi SA increase a special dividend, and U.S. investment group Elliott Management Co. to challenge British investment firm Alliance Trust.

The article discusses hedge funds that have benefited from the euro's decline against the U.S. dollar. The Pure Alpha fund of hedge fund firm Bridgewater Associates LP rose 7% during the first two months of 2015 due largely to bets against the euro. The primary fund of Brevan Howard Asset Management LLP has risen 2.7% in 2015 through mid-March. Other hedge fund firms noted include Moore Capital and D. E. Shaw Group.