Hedge Fund News: Phil Falcone’s Ban, The Fall of FX Concepts & David Shaw’s Big Move

A changing of the guard in commodities hedge funds (eFinancialNews)
A super-cycle during the last decade, driven by high demand from China, created fertile ground for funds making big, directional bets. However, in more recent years clear trends have deserted the market and volatility has reduced, according to hedge fund managers, resulting in mixed performance and some high-profile closures. The likes of the UK’s Clive Capital and US-based Arbalet Capital have closed, or are closing, but firms including Frere Hall Capital Management and Andurand Capital Management are already emerging as new names to watch.

Gottex Fund Management Invests in Hong Kong’s Headland Strategic Ltd. (WSJ)
The investment arm of alternative asset-management group Gottex Fund Management Holdings Ltd. (GFMN.EB) is investing in Hong-Kong based institutional investor Headland Strategic Ltd., a move to take advantage of the region’s emerging hedge-fund industry. Gottex Fund Management Sarl will take a minority equity stake in Headland Strategic Ltd. in order to help the institutional investor invest in and advise hedge funds throughout Asia, according to a press release Tuesday.

The Supreme Court Just Dealt Argentina A Big Blow In Its Case Against Hedge Fund Managers (BusinessInsider)
One of Argentina’s last hopes in its fight against a few hedge fund creditors was that The Supreme Court would hear the country’s case and rule in its favor. Now that’s gone. The Supreme Court has refused Argentina’s plea to hear the case. The country can appeal, but it doesn’t look good. In June, Argentina filed a writ of certiorari to the U.S. Supreme Court asking the court to overturn a ruling by the 2nd U.S. Circuit Court of Appeals made last October.

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