Hedge Fund News Wrap: Week Ending 02/13/15

(Forex Magnates) – Figures from Hedge Fund Research (HFR), which monitors performance of the overall hedge fund industry, show that FX funds had their best January since at least 2008. Elsewhere, Barclay Hedge produced surveys which indicated that algorithmic-based momentum funds were the strongest in January. Among them, currency funds returned 3.4% during the month, compared to HFR’s data where they reported a 2.1% gain in currency funds during January.

The gains are based on longer-term dollar strength which has taken place since the second quarter of 2014. The momentum was the cause of algorithmic-based FX funds outperforming so far to start the year.

Read the entire article at Forex Magnates
More coverage: The Wall Street Journal and The Australian

Apple Inc. Dumped by a Popular Hedge Fund

(ValueWalk) – Apple Inc. has been dropped by the popular hedge fund Bridgewater Associates, and the firm’s current holding was cut by half as of the end of 2014 compared to the third quarter of 2014. During the same period, the hedge fund raised its bet on tech juggernaut Microsoft Corporation.

The iPhone maker is seeing a startling rise in its shares, but Hedge Funds like Bridgewater Associates are going against the flow. The firm’s total holdings in Apple at the end of 2014 was $28.6 million, a drop from $53.9 million from the end of the third quarter of 2014. During the same period, the hedge fund increased its Microsoft holdings 4,000% from just $679,000 at the end of the third quarter to $27.9 million at the end of 2014.

Read the entire article at ValueWalk
More coverage: Bloomberg News and CNNMoney

Morgan Stanley Eyes an Exit from Hedge Funds

(The Telegraph) – Morgan Stanley is weighing up an exit from the British hedge fund Lansdowne Partners as part of a retreat from alternative investment management.

The US bank has owned a 19% stake in Lansdowne since 2006, when it was also acquiring parts of FrontPoint and Avenue Capital under former boss John Mack.
Morgan Stanley sold FrontPoint in 2011 and is now understood to be mulling the sale of its other hedge fund investments.

Greg Fleming, president of Morgan Stanley Investment Management, said last year that hedge funds were no longer part of the bank’s long-term strategy and that the firm had been reviewing the holdings in order to “thoughtfully free up capital”.

Read the entire article at The Telegraph
More coverage: Reuters and FINalternatives