Meet the most powerful woman in hedge funds

From CNBC:

Leda Braga formally started Systematica Investments this month after years under prominent European hedge fund firm BlueCrest Capital Management. Geneva-based Braga manages the same amount she ran at BlueCrest, $8.5 billion, easily making her the most powerful female hedge fund manager in the world in charge of her own shop...

Braga, 48, has quickly risen to elite status in the hedge fund world.

Brazilian by birth, Braga got a Ph.D. in engineering from Imperial College London, where she also lectured. She then worked at JPMorgan Chase as a quantitative analyst on the derivatives research team, according to firm materials. At JPMorgan, Braga was a colleague of Michael Platt, who founded BlueCrest in 2000. After a stint at JPMorgan spinoff Cygnifi Derivatives Services, Braga joined BlueCrest in 2001.

Keep reading on the CNBC website.


"CQS: Strategic offensive" - FT

FT reports in it's City Insider section about a new strategic offensive by CQS, the hedge fund run by Sir Michael Hintze:

Lord Richards of Herstmonceux… has joined the global advisory board of $14bn hedge fund CQS. The UK’s former chief of the defence staff has taken up the non-fiduciary role, which involves offering strategic and geopolitical advice to CQS, the hedge fund founded by British-Australian billionaire Sir Michael Hintze.

During Lord Richards’ career, he commanded forces in East Timor and most notably Sierra Leone, where he led the defence of its capital Freetown against rebel forces, acting on his own initiative. Less well known is that Lord Richards spent an evening as a bodyguard for actress Joan Collins in Berlin in 1988. And his karaoke tune of choice is Elvis Presley’s Now or Never. It emerged this week that the last Labour government’s City minister, Lord Myners, has also joined CQS’s global advisory board. 

Michael Hintze's end of year note to investors

In his end of year message to investors, Sir Michael Hintze has warned of the potential impact of dropping oil prices on global markets and advised on the effect of the end of quantitative easing (QE). According to Business Insider, Hintze's message to CQS investors read in part:

“There are many crosscurrents globally in terms of economic growth, central bank policies and geopolitical risks. While the completion of Taper in the US is in effect a tightening of monetary policy, Governor Yellen’s Fed will likely be accommodative and ‘behind the curve’ as it relates to any interest rate hikes and the central bank policies of China, the Eurozone and Japan continue to be positively accommodative. We believe the US dollar should continue to strengthen. The near 40% fall in Oil prices over the last six months should be supportive of global GDP growth in the medium-term. In addition to being supply-led, it may also be a reflection of weakening end-demand and add to the deflationary bias, which we believe will likely create cause for concern among more indebted countries in the longer term. Geopolitical issues also continue to threaten stability.”