Hedge Funds troubled by European Sovereign Crisis & Regulations

July 5th, 2011
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Sovereign crises in Europe have made the going tough for hedge funds that invest in Euro-zone countries. For example, the New York Times reports that Algebris Investments, a London-based hedge fund, was down 7% through the first six months of 2011 from exposure to European financial stocks that lost ground due to the Greek debt crisis.

The best performing fund, Jat Capital, which was up 19%, stayed away from financials and focused instead on technology and Internet stocks that delivered solid returns.

Philippe Jabre, founder of Geneva-based Jabre Capital Partners, reduced his hedge fund’s exposure to European financial institutions amidst general concerns about Euro-zone stocks, bonds, liquidity issues and the possibility of short-selling rule changes.

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For Detailed Investor Profiles on these Investors, click below:
Jabre Capital Partners
Related People: Philippe Jabre
Related Entities: GLG Partners*; JABCAP; Jabre Capital Partners; Jabre Captial Fund; PF(LUX) – Convertible Bonds
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

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