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Laurence Fletcher

Hedge fund correspondent

Laurence covers hedge funds for the Financial Times, and writes news, features, investigations and opinion pieces. His work includes numerous exclusives about the collapse of $600m hedge fund Heather Capital, while his investigations into hedge fund Dynamic Decisions were part of a series that won a Gerald Loeb award, a New York Press Club award and a U.S. National Press Club award in 2012.

In 2021 he was part of an FT team that won a Loeb award in the Breaking News category for coverage of the collapse of Wirecard. In 2022 he won awards from the CFA Society of the UK and from Headlinemoney for his work with Tommy Stubbington on sovereign bonds and human rights.

He joined the FT in 2018, and previously worked at The Wall Street Journal, Reuters, Citywire and Bloomberg.

Email Laurence Fletcher @journofletcher  on Twitter (link opens in a new browser window)
Email Laurence Fletcher @journofletcher  on Twitter (link opens in a new browser window)

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  • Friday, 2 December, 2022
    Hedge funds
    Marshall Wace partners to share £720mn profits

    Bumper payout comes during highly mixed period for $3.8tn hedge fund industry

  • Friday, 25 November, 2022
    Hedge funds
    Hedge fund Rokos warns that sterling is ‘vulnerable’ to further falls

    Brexit, deglobalisation and pandemic deal bigger shock to terms of trade, investors told

  • Tuesday, 22 November, 2022
    FTX Trading Ltd
    Hedge funds left with billions stranded on FTX

    Crypto asset managers face long wait for the return of their assets

  • Wednesday, 16 November, 2022
    Hedge funds
    Short seller Muddy Waters bets against Uruguayan payments firm

    Major investors including General Atlantic and Tiger Global back dLocal

  • Saturday, 12 November, 2022
    FTX Trading Ltd
    Hedge fund admits half its capital stuck on FTX exchange

    Galois warns investors it could take ‘a few years’ to recover assets

  • Tuesday, 8 November, 2022
    Hedge funds
    Hedge fund firm Millennium to shake up investment operations

    Plan set out in letter to employees will see departure of co-CIO Bobby Jain

  • Tuesday, 8 November, 2022
    Hedge funds
    Big hedge funds shop for bargains in corporate debt markets

    Some managers say bond prices have fallen too far relative to the risk of default

  • Wednesday, 2 November, 2022
    Hedge funds
    Hedge fund Elliott warns of more pain to come after 2022 market rout

    Prominent asset manager says ‘hyperinflation’ could spark one of the worst crises since the second world war

  • Monday, 24 October, 2022
    Equities
    Global stocks face Japan-style bear market, warns hedge fund manager

    Saba Capital’s Boaz Weinstein says he is ‘very pessimistic’ about the investing climate

  • Monday, 24 October, 2022
    Special ReportFTfm: Fixed Income
    Traders brace for further volatility as bond markets turn bearish

    Impact of quantitative tightening adds to concerns as liquidity continues to fall

  • Wednesday, 19 October, 2022
    Naftogaz of Ukraine NJSC
    Hedge fund VR Capital resists Ukraine’s Naftogaz restructuring

    Firm donated $1mn in humanitarian aid but rejects plan by state gas company to defer bond repayments

  • Saturday, 15 October, 2022
    On Wall StreetHedge funds
    Hedge funds seek to exploit M&A pick-up

    The relentless rise of the dollar has boosted the buying power of investors with funding in the US currency

  • Friday, 14 October, 2022
    UK honours system
    Billionaire Tory donor Michael Hintze nominated for life peerage

    Boris Johnson’s final honours recommendations include hedge fund manager and party figures

  • Friday, 14 October, 2022
    Rokos Capital Management LLP
    Rokos profits from interest rate bets in UK market turmoil

    British hedge fund has been running a bet that borrowing costs will have to rise

  • Thursday, 13 October, 2022
    US Dollar
    Hedge funds bet on further gains for the dollar

    Trades by Brevan Howard and peers come after the US currency has already soared almost a fifth this year

  • Friday, 7 October, 2022
    Hedge funds
    Founders of Gotham and Portsea join forces in new short selling fund

    Names known for bets against Wirecard and Steinhoff hope markets downturn will help them replicate earlier successes

  • Wednesday, 5 October, 2022
    Fund management
    BlueCrest doubles money in bond market rout

    Michael Platt’s private investment group outperforms peers with bets on interest rates

  • Monday, 3 October, 2022
    Odey Asset Management LLP
    Odey steps up bet on fracking after UK government lifts ban

    Hedge fund increases stake in British company after previous scepticism of extraction method

  • Tuesday, 27 September, 2022
    Pound Sterling
    Crispin Odey and other hedge fund managers profit from sterling tumble

    Computer-driven traders have also gained from strong selling in UK currency

  • Tuesday, 20 September, 2022
    Hedge funds
    Hedge funds take aim at UK fund management groups

    Citadel and Point72 among firms betting against companies including Abrdn and Ashmore

  • Monday, 19 September, 2022
    Hedge funds
    Autonomy Capital offers investors chance to exit fund at May value

    Unusual move follows macro hedge fund falling nearly 30% this year after market rout

  • Wednesday, 14 September, 2022
    Ethereum
    Hedge funds race to bet on outcome of Ethereum ‘Merge’

    Laying wager on rise in ether price becomes ‘one of most crowded trades in crypto history’

  • Monday, 12 September, 2022
    Hedge funds
    Arki Busson’s LumRisk suffers exodus of senior staff

    Risk analytics company chaired by multi-millionaire financier is trying to raise capital and repay bondholders

  • Friday, 2 September, 2022
    UK equities
    Investors recoil from UK ‘policy vacuum’

    Sliding sterling helps stocks but fund managers see dark outlook for currency and bonds

  • Thursday, 1 September, 2022
    Financial fraud
    Hedge fund co-founder Neil Phillips charged with market manipulation

    DoJ says Phillips planned to manipulate South African rand to trigger a $20mn payout

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