Ex-Autonomy Money Manager Shuts Brazil Hedge Fund, Heads to SPX bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
When Jim O’Neill devised the BRIC acronym for the economies of Brazil, Russia, India and China at the turn of the century, the former Goldman Sachs Group head economist did not intend the catchy phrase to be exploited for marketing investment funds.
Money managers scrambled to start funds anyway. The likes of Schroders PLC and Franklin Templeton along with Goldman Sachs Asset Management gobbled up billions of US dollars from clients looking to profit by combining investments in the four countries.
That marketing ploy has come crashing down and now faces an existential crisis.
Russia’s invasion of Ukraine has made
In the week ending February 11th 2022, eVestment January 2022 hedge fund performance data revealed that inflation, market volatility and geopolitical tensions in Europe appear to have taken a toll on the global hedge fund business in January, with a
Autonomy s flagship hedge fund down again in January hedgeweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hedgeweek.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg)
A series of ill-timed bets from Argentina to Brazil have set Autonomy Capital Research LLP’s flagship fund on course for its worst year since the financial crisis, with the firm’s assets now down $4.7 billion from a mid-2019 peak.