Hedge Fund News: Starboard Value, Bridgewater Associates, Soros Fund Management

Some of the Biggest Hedge Funds Are Bleeding Cash (Bloomberg)
Richard Perry, who started his hedge fund 28 years ago, has seen assets in his Perry Capital shrink to $4 billion, from $10 billion last September. That 60 percent drop comes as the firm’s main fund fell 18 percent from the end of 2013 through July. Perry isn’t the only manager struggling. John Paulson’s assets, on the decline since 2011, are down an additional 15 percent this year. And Dan Och, who like Perry cut his teeth at Goldman Sachs Group Inc., is now managing $39.2 billion at his Och-Ziff Capital Management Group, compared with $44.6 billion at the start of the 2016.

Investing Giants Head to Delivering Alpha as Fed, Election Loom Large (CNBC)
Giants of investing, business and policy will talk about the state of markets and the U.S. economy at the Delivering Alpha conference Tuesday in New York City. Top investing minds will discuss where they see opportunities in a U.S. stock market that is floating near all-time highs. They’ll also give their thoughts on navigating the risks posed by a key Federal Reserve meeting next week and the looming presidential election. Here are some of the key speakers at this year’s event, which is presented by CNBC and Institutional Investor.

Ex-Farallon’s Brantberg Said Hiring for Startup Hedge Fund (Bloomberg)
Mikael Brantberg, a former managing director at Farallon Capital Management, has hired four senior executives as he prepares to start his own London-based hedge fund by the end of the year, according to a person with knowledge of the matter. Brantberg has recruited Farallon colleague Joachim Bale, as well as Thomas Metscher, who is leaving Pamplona Capital Management to join the new fund to be called Lodbrok Capital, said the person, asking not to be identified because the information is private. Bale and Metscher are part of the investment team.

Ex-SAC Trader Said to Shut Hedge Fund Backed by Alibaba Founders (Bloomberg)
Andrew Bazarian, a former employee at billionaire investor Steven A. Cohen’s firm, will shut his Asia-focused hedge fund whose backers include a firm that invests money for Alibaba Group Holding Ltd. executives, according to people familiar with the matter. Bazarian opted to close Pinyin Capital Management Hong Kong Ltd.’s hedge fund after it lost money this year, making it difficult to attract additional investors, and its biggest backer Blue Pool Capital decided to withdraw its capital, said the people, who asked not to be identified because the information is private.