Hugh Hendry’s main fund, Eclectica, slumped 9.4 percent this year through August.
Andy Hall shot to fame during the global financial crisis, when he pocketed $100 million trading oil for the U.S. bank.
Muhammed Yesilhark says his new algorithm will run money for clients just like he does.
Event-driven funds handed investors a return of about 10 percent last year.
The loss deepened the $8.7 billion hedge fund’s slump this year to 3.8 percent.
The hedge fund industry could learn a lot from the aggressive strategies of Amazon.com, money manager Dmitry Balyasny said.
The fund, run by billionaire Alan Howard, lost 2.4 percent in the first quarter.
Hedge funds are improvising with new approaches to recruit technologists.
Poor performance and high fees are combining for a nasty client backlash, an executive at this firm says.
Glen Point was among a small number of hedge funds to raise new money last year.
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