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Church of England pulls money from big hedge fund managers
The Church of England, one of the UK's largest single investors in hedge funds, is pulling money from large long/short equity managers following a run of lacklustre returns, according to people with knowledge of the matter. The decision follows high-profile losses at some of the most established equity hedge funds over the last two years. Crispin Odey’s Odey Asset Management has seen assets under management more than halve since early 2015 to $5.5bn, while assets at Alan Howard’s Brevan Howard have dropped from a peak of $42bn to $13bn this year. It is not known whether the Church is invested with either manager. ... (full story)
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- lasty
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KEEP THIS THREAD CLEAN
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- Pleiadian
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Don't wait for the wind, take to the oars.
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- shinny
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Nobody can be told what The Matrix is. You'll have to see it yourself.
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scale in, scale out
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COT: The precious data ignored
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Gone to a better place
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