Hedge Fund News: Alan Howard, Boaz Weinstein, David E. Shaw

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Milken Time: Wall Street Jets West For ‘Davos With Palm Trees’ (CNBC)
If Wall Street’s masters of the universe can make it to the Swiss Alps, they’re definitely going to Los Angeles. The financial community will once again figure prominently at the Milken Institute’s Global Conference next week—sometimes called “Davos with palm trees”—just like they did at the World Economic Forum in January. Major macroeconomic thinkers will be in the mix too, including Mohamed El-Erian (Allianz) and Nouriel Roubini (NYU). That’s not to mention hedge fund heavyweights Ken Griffin (Citadel), Alan Howard (Brevan Howard), Steve Cohen (Point72) and Boone Pickens (BP Capital).

JPMorgan Credit-Swaps Trader Shukhman Said Leaving for Aesir (Bloomberg)
Roman Shukhman, who traded credit derivatives at JPMorgan Chase & Co. through two debt booms and the 2008 financial crisis, is leaving the bank to join hedge fund Aesir Capital Management, according to two people with knowledge of the matter. Shukhman, 36, joined JPMorgan in 2001 as the bank pioneered a credit-default swaps market that would expand to $62 trillion of outstanding contracts before the crisis. He traded indexes that allow hedge funds, banks and other investment firms to wager on the creditworthiness of North American companies.

Canon Says Owns 84 pct of Axis, Won’t Raise Offer (Reuters)
Canon Inc said on Friday it owned 84 percent of the shares in Swedish video-surveillance firm Axis AB, and said it was extending the period for other shareholders to accept but would not raise its offer price of 340 Swedish crowns per share. The Japanese camera maker is aiming to take full control of Axis in its 23.6 billion Swedish crowns ($2.73 billion) takeover, but hedge fund Elliott Management has complicated the bid after it raised its stake in Axis to 10 percent.

Firm of Clinton Son-in-Law Said to Consider Currency Fund (Bloomberg)
Eaglevale Partners, the hedge fund firm co-founded by the son-in-law of Bill and Hillary Clinton, is considering raising a dedicated foreign exchange fund after successful currency bets in its main investment vehicle, two people with knowledge of the matter said. The firm, which is based in New York and counts Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein among its clients, has invested in foreign exchange out of its roughly $400 million global macro fund since 2012.


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