Archive for Hedge Funds

It turns out that Steve Cohen’s brother-in-law wasn’t the only person shown the door at Citadel’s Aptigon stock-picking unit. About a third of his co-workers also fulfilled their destiny in getting canned or otherwise driven away by Ken Griffin, one of Wall Street’s key rites of passage. And following them was one Lucy DeStefano, Aptigon’s former head of trading, last month.

DeStefano, as custom and legal instruments dictate, will now take the better part of year to decompress and deGriffinify. And then, it’s off to Soros Fund Management to help finance the New World Order and duck the flying lamps

Citadel Vet Flees Into the Not-At-All Infuriating Arms Of George Soros

Share
Categories : Hedge Funds
Comments (0)

As we all know, the ten-year battle royal between Hedge Funds and the Oracle of Omaha did not end well for the former. It was not close: Warren Buffett’s S&P 500 Index just about doubled between the beginning of 2008 and the end of 2017, Ted Seides’ basket of baskets of hedge funds (a.k.a. funds of hedge funds) gained about a quarter. It was so lopsided that Seides cried uncle months before the bet actually ended, while Buffett somewhat less-than-magnanimously said that he’d sooner entrust his massive wealth to a moldering corpse than to a stinking, thieving hedge fund manager…

Share
Categories : Hedge Funds
Comments (0)

Foreign reserves would need to drop to $110 billion, from the $124.9 billion recorded at the end of April, to signal an “aggressive and persistent depletion,” said Singapore-based strategist Rohit Garg. That’s unlikely to happen based on recent history, he said. On top of that, Bank Indonesia closed its forward books recently, giving it another $7 billion, he said…

 Indonesia Has a $22 Billion Buffer for Defending Its Currency, Bank of America Says

Share
Categories : Hedge Funds
Comments (0)

A few years back, a not-so-little hedge fund called Visium Asset Management made what proved to be a rather large a mistake. It told trader Jason Thorell that it thought he was getting paid exactly what he was worth, his own contrary opinions on the matter notwithstanding. This was not a smart thing to do to a man whose job was soliciting overly generous valuations from overly solicitous prime brokers, and who might just decide that the best way to get paid was to turn over 200 hours of conversations about the above practices with co-workers to the authorities. Because once the authorities start looking into a little mismarking among friends, they tend to think, “While we’re here, let’s take a look around,” and then find that there might have been a little bit of inside dirt circulating, which is music to the ears of the U.S. Attorney in your jurisdiction, which because you’re a hedge fund is Manhattan, whose U.S. Attorney just happens to be on a crusade to save his legacy by proving that insider trading still exists, and thinks your firm might be the perfect object lesson thereof. Next thing you know Visium Asset Management is out of the business of managing hedge funds—but it is not out of business, full stop. Because after the aforementioned nightmare comes to an end, you get to spend two years negotiating with the SEC about how much a defunct hedge fund should have to pay for all of the above. Only then can you finally, mercifully and actually go out of business…

Share
Categories : Hedge Funds
Comments (0)

Tax bills of $1.5 billion are never fun for the recipient. First off, it’s a real logistical pain-in-the-ass to pay the IRS that much. And second, it’s ONE-POINT-FIVE-BILLION FUCKING DOLLARS.

Share
Categories : Hedge Funds
Comments (0)
Defunct Hedge Fund Ends Two-Year Negotiation With Feds, Allowed To Go Out Of Business
Share
Categories : Hedge Funds
Comments (0)

As we all well know, Wall Street has yet to have its #metoo moment. Try as Elizabeth Warren might, she just can’t find any hedge fund managers broadcasting hardcore porn on their trading floors or getting a little on the side from a subordinate after an mandatory strip-training session or including a lack of aversion to the term “sugar tits” in secretarial job listings or hanging out with alleged pervertswhile his own firm is allegedly telling female employees “this is just a really tough place for women, and that’s not going to change,” nor any bailed-out insurance giants staffed by under-desk Peeping Toms, nor banks firing senior VPs for objecting to suggestions that young female subordinates to get down to some horizontal business development with clients, nor even any high-profile supporters and enablers of those brought low by sexual harassment and assault allegations in other industries. Why, all over Wall Street today, people are undoubtedly cheering the fall of New York Attorney General Eric Schneiderman—not because he was a real pain in the ass, of course, but because of those women he allegedly choked…

Share
Categories : Hedge Funds
Comments (0)
  • Digital Asset Fund is still down 34 percent year-to-date
  •  Winter slump was likely tied to tax-related selling, firm says

Bitcoin had a pretty good April. Pantera Capital had an even better one.

The hedge fund’s Digital Asset Fund, which was launched in November and includes a number of different virtual currencies, surged 46 percent last month, compared with a 31 percent gain registered by the biggest digital coin, Pantera said in an investor letter Wednesday, citing “dynamic trading” for the strong performance…

Crypto Hedge Fund Pantera Says Returns Outpaced Bitcoin in April

Share
Categories : Hedge Funds
Comments (0)

Hayden Capital’s Fred Liu found inspiration in the top chef’s seminal cookbook and shared it with his team.

Liu was inspired by the chef’s seminal cookbook “to free [readers] from feeling you must follow a recipe—to help you trust your instincts.” It’s a philosophy he compares to Elon Musk’s idea of viewing learning like a tree, making sure you understand “the fundamental principles, i.e. the trunk and big branches, before you get into the leaves/details.”…

A Hedge Fund Manager Wants His Employees to Learn From Tom Colicchio

Share
Categories : Hedge Funds
Comments (0)
  • Mandelblatt’s firm will oversee about $6 billion after shift
  •  Gaurav Kapadia, Soroban’s co-founder, leaves to run own money

Eric Mandelblatt, who co-founded Soroban Capital Partners eight years ago, is closing his oldest fund to focus on a more concentrated portfolio of stocks, cutting assets under management by almost half.

Mandelblatt also told investors in a letter Monday that Gaurav Kapadia, Soroban’s co-founder and co-managing partner, is leaving the firm to start his own family office, where he will invest in both public and private companies. Mandelblatt said he would invest with Kapadia if he decides to start his own hedge fund…
Soroban Shuts $4 Billion Hedge Fund to Concentrate Portfolio
Share
Categories : Hedge Funds
Comments (0)

Four years ago, amidst the, um, unpleasantness, Steve Cohen had to make quite a show of not running a “vertible magnet for market cheaters”/linguistic innovator in the field of insider trading. So he went and hired a McKinsey guy to head things, a new human resources guy to sift the black edge out of the applicant pool and an advisory board for good measure.

Share
Categories : Hedge Funds
Comments (0)

Reports of the demise of the hedge fund may have been exaggerated. But so too were the hopes and dreams of an orange-tinted Golden Age for the industry under frenemy President Trump and his team of paperpushers. You’d expect from all of the predictions of newfound glory in the wake of Nov. 8, 2016, that industry gatherings would be a non-stop party. Instead, they’ve all been depressing bits of nostalgia or collective therapy sessions if they’ve happened at all. This week’s Milken Global Conference has been no different. For in between some penny psychoanalyzing of Carl Icahn and David Solomon’s blow-out rave, the best the hedge funds can say for themselves is, “Not dead yet!”…

Hedge Funds Having Another Pity Party

Share
Categories : Hedge Funds
Comments (0)
  • New rules are leading sellers of funds to streamline offerings
  •  Goldman Sachs won eight client mandates since January

Boutique managers, watch out.

Goldman Sachs Group Inc. says new European rules designed to improve transparency for investors are prompting fund distributors to cut the number of products they’re offering and hand larger pools of money to fewer managers. The shift is boosting so-called sub-advisory agreements, where a manager oversees assets for other firms, and putting more pressure on the industry to consolidate…
Goldman Sachs Sees Fewer Funds Running More Money After MiFID
Share
Categories : Hedge Funds
Comments (0)
  • Brevan Howard’s AUM have dropped more than 75% from their peak
  •  Investors are pulling money from firms to bet on startups

The protege has overtaken the master.

Chris Rokos’s investment firm manages more money than Brevan Howard Asset Management for the first time as clients continue to quit billionaire Alan Howard’s hedge fund company…
Rokos Overtakes Howard as Billionaire’s Clients Pull Money
Share
Categories : Hedge Funds
Comments (0)
  • Ricky Sandler of Eminence laments being part of ‘dying breed’
  • $3 trillion in hedge fund assets is too much, Balyasny says

The future of hedge fund management? Struggling to stay alive…

At Milken, Hedge Fund Managers Swap Ideas on Staying in Business

Share
Categories : Hedge Funds
Comments (0)

Anthony Scaramucci, the Wall Street investor whose short tenure as President Trump’s White House communications director elevated him to national prominence, is not going to sell his hedge fund company to a Chinese conglomerate after all, the two companies announced on Monday.

The conglomerate, HNA Group, is closely tied to the Chinese government. In a joint statement, HNA and Mr. Scaramucci’s firm, SkyBridge Capital, said the two sides had agreed not to pursue the deal, but would still work together to try to sell SkyBridge’s offerings to Chinese investors…

Chinese Firm Scraps Deal to Buy Anthony Scaramucci’s Hedge Fund

Share
Categories : Hedge Funds
Comments (0)

Here at Dealbreaker, we’re enjoying tremendously The Wall Street Journal series, “The World the Crisis Created,” or: “Where Are The People Who Torpedoed The World Economy (Or Profited Handsomely From It) Now?” There have been some heartwarming tales: John Thain and Alan Schwartz are still at it, Tim Geithner and Adam Applegarth have retreated to the security of private equity, Jimmy Cayne and Ben Bernanke are enjoying retirement, Kyle Bass is still talking about China, Neel Kashkari had a conversion experience and Nouriel Roubini is still neck-deep in babes…

John Paulson, David Einhorn Still Fondly Remember That Time All Of Those People Were Being Thrown Out Of Their Homes, Jobs

Share
Categories : Hedge Funds
Comments (0)
  • Andurand says on Twitter lack of investment risks price spike
  • Higher prices aren’t a threat to the economy, Andurand says

Pierre Andurand, one of oil’s most prominent hedge fund managers, said the current reluctance of energy companies to invest in new production meant $300 a barrel was “not impossible” within a few years…

Oil Hedge Fund Manager Says $300 Oil ‘Not Impossible’

Share
Categories : Hedge Funds
Comments (0)
  • McClatchy’s loan deal with hedge fund roils CDS market
  • Publisher’s deal comes as regulators step up scrutiny of CDS

It seemed like a sure-fire bet: short the debt of a highly leveraged newspaper company that’s losing money. And for a while, it worked as investors piled up almost $500 million of wagers by buying credit-default swaps on the publisher, McClatchy Co.

That is until hedge fund Chatham Asset Management stacked the deck with a deal that’s threatening to make those swaps all but worthless…
This Hedge Fund Trade Is Stirring Fresh Controversy in the CDS Market
Share
Categories : Hedge Funds
Comments (0)
  • Government employees may get to invest 50% savings in stocks
  • Regulator mulls raising cap to 75% for private-sector savers

India’s $2.3 trillion equity market has surged in recent years, and is about to get a new endorsement — from the nation’s pension regulator…

India’s $35 Billion Government Pension Fund Sees Stock Boost

Share
Categories : Hedge Funds
Comments (0)

Believe it or not, a Chinese conglomerate is reportedly no longer interested in pursuing a comically protracted and idiotically controversial deal to acquire a fund of funds owned by Anthony Scaramucci…

Anthony Scaramucci To Announce Triumphant Return To The Hedge Fund Business

Share
Categories : Hedge Funds
Comments (0)
  • Goldilocks lists creditors as defendants in Singapore suit
  • Dissident shareholder succeeds in bid to stop Monday’s AGM

Noble Group Ltd.’s dissident shareholder Goldilocks Investment Co. listed a raft of hedge funds and banks, including Goldman Sachs Group Inc. and Deutsche Bank AG, as defendants in its legal battle against the commodity trader, as the fund presses on with a bid to stop its debt-for-equity swap…

Goldman, Hedge Funds Drawn Into Noble Group’s Legal Battles

Share
Categories : Hedge Funds
Comments (0)
  • Futures for the motor fuel are at their highest since August
  • U.S. gasoline demand hit the highest level ever this month

Money managers are going all in on gasoline…

Hedge Funds Throw Record Bets on Rising Gasoline Prices

Share
Categories : Hedge Funds
Comments (0)

You’ve been honing your pitch. Practicing your answers to the likely questions in the mirror. Poring through your deck, making sure every little thing is perfect. You think you’ve got a billion-dollar idea. Maybe it’s a blockchain play. Or a way to trick poor young people into playing the stock market. Or a crowd-sourced algorithmic-trading venture. Or a way to have autonomous cars not kill people.

Share
Categories : Hedge Funds
Comments (0)
  • Digital banking startup raises $250 million from investors
  • Plans global expansion; targets 100 million customers by 2023

In one of the biggest fundraising rounds for a European fintech this year, Revolut Ltd., a U.K. startup that provides digital banking, received $250 million…

Digital-Banking Startup Revolut Is Worth $1.7 Billion With New Funding

Share
Categories : Hedge Funds
Comments (0)

For Fintech to truly evolve, some have argued, the industry needs to mature quickly from a wild bunch of disruptors to a professional cabal of financiers who understand money and fetishize security as risk management.

In addition to the long-held bias against Fintech’s perceived lower asset and credit quality, there have been too many recent examples of hacking, laundering and a general sense of overconfidence leading to incompetence. These days, it would behoove any digital money platform to recruit trusted names from the old-school world of finance to invest and/or participate in their growth. If you’re pitching a model predicated on professionalism, security and basic trust, find a way to bring in some old dude known on The Street for possessing those qualities…

Share
Categories : Hedge Funds
Comments (0)
  • Strategists return to steepener trades, bets on shorter rates
  • Front-end yields are near top of trading range, Citigroup says

Australian bank funding rates have started to turn lower, giving traders the confidence to return to long positions in the front-end of the local rates market.

Strategists have issued a flurry of recommendations to go long on shorter-dated interest-rate swaps, either outright or versus longer-maturity ones, betting floating rates will fall as the Reserve Bank of Australia stays on hold. These positions were upended earlier this year as surging three-month bank borrowing costs pushed up shorter-end rates…
Aussie Funding Costs Start to Fall, Breathing Life Into Old Bets
Share
Comments (0)

So, the 2018 Sohn Investment Conference definitely happened yesterday.

In some respects, it was like Sohns of the past: The venue was packed with hedge fund types and their hangers-on, Avery Fisher Hall sparkled, CNBC still showed up to film the whole thing and a lot of money was raised for the vital fight against childhood cancer.

And yet, in many more respects, Sohn 2018 was very different from previous versions: the troika of hedgie legends that made Sohn “Sohn” was visibly missing a member, the ideas overall felt tamer, the program as a whole felt looser, limper and considerably less “star-studded.”…

Share
Categories : Hedge Funds
Comments (0)

The chief executive of Sears is its largest shareholder and a major lender to the company. Now, he wants to be its savior, after the retailer tried — unsuccessfully — to find buyers for some of its more valuable brands.

The chief executive, Edward S. Lampert, said the hedge fund he controls would be willing to buy Sears’s real estate holdings, its appliance-parts business and the Kenmore appliances brand, among other assets. The proposed deal, outlined by Mr. Lampert to the Sears board in a letter released Monday, would infuse the company with new funds as it tries to pay down billions in debt…

Share
Categories : Hedge Funds
Comments (0)

BlackRock may have found a simple solution to its gun dilemma. The fund manager, led by Laurence D. Fink, will offer new products allowing individuals and institutions to invest in market indexes without putting money into manufacturers and retailers of firearms. Coupled with a plan to engage public gunmakers and sellers directly, the decision moves Mr. Fink closer to fulfilling a promise that BlackRock’s business benefit society alongside the bottom line.

Share
Categories : Hedge Funds
Comments (0)

A Colorado civic group is spearheading an effort to buy The Denver Post, which on Sunday excoriated its owner, a New York hedge fund, in its opinion section by saying, “Denver deserves a newspaper owner who supports its newsroom.”

The group, Together for Colorado Springs, said it had begun contacting potential investors in the state, who have so far pledged $10 million to the effort…

Colorado Group Pushes to Buy Embattled Denver Post From New York Hedge Fund

Share
Categories : Hedge Funds
Comments (0)
  • ‘Difficult’ to invest in dollar debt due to cost: DB Financial
  • Insurer demand for longer local bonds pressures long yields

South Korean insurers are increasingly looking at long-dated bonds at home as rising hedging costs hurt their appetite for foreign assets, putting downward pressure on lengthier won debt yields.

Shinhan Life Insurance Co. has been buying long debt at home as much as possible while reducing U.S. dollar exposure due to high hedging costs, said an official at the firm who asked not to be identified. Insurers bought all 30 billion won ($28 million) of 30-year note issued by state-owned Korea South-East Power Co. this month, a person familiar with the matter said…
Share
Categories : Hedge Funds
Comments (0)
  • Manager cites recent poor performance for returning capital
  • Billionaire David Tepper seeded Pennant with $12 million

Hedge fund manager Alan Fournier is returning client capital at his $1.5 billion Pennant Capital Management after almost two decades, citing poor returns…

Alan Fournier Shuts Hedge Fund Pennant Capital After 17 Years

Share
Categories : Hedge Funds
Comments (0)

Alan Howard can dabble where mortals should fear to tread.

Bitcoin continues to redefine the word volatility. The cryptocurrency is down more than 50 percent from its December peak; but that still leaves it up more than 600 percent from its value a year ago…

Hedge-Fund Billionaire Buying Bitcoin Is Cautionary Tale

Share
Categories : Hedge Funds
Comments (0)
  • Credit Opportunities is among funds that may see money leave
  • Hedge fund firm lets go of some senior traders and partners

Billionaire John Paulson, whose hedge fund’s assets have plunged, is opening the door for more money to leave.

Paulson’s namesake firm, once one of the biggest in the industry, will return money to investors in some funds including the Credit Opportunities, said people familiar with the matter. Investors in that credit fund can transfer their capital to a separate pool or they’ll be forced to redeem. The firm also continues to cut staff, this week letting go of some senior traders and partners…
Share
Categories : Hedge Funds
Comments (0)
From Vietnam’s rise to deal-breakup benefits, here are four charts that tell you what you need to know in business today.
Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From Vietnam’s rise to deal-breakup benefits, here are four charts that tell you what you need to know in business today…
Share
Categories : Hedge Funds
Comments (0)
Turmoil was supposed to justify their fees. Guess again.
For years, the refrain of hedge funders, and their backers, has been that all they needed was a little bit of volatility. Everyone’s a genius in a bull market. It’s when markets turn down or tumultuous that pension funds and other clients are supposed to realize the wisdom of those high fees…
Share
Categories : Hedge Funds
Comments (0)
  • Nigeria Mortgage Refinance Co. to tap debt market this year
  • Company is busy preparing its first Islamic bonds issuance

After suffering through an economic contraction that restrained demand for housing loans in Africa’s most-populous country, Nigeria’s state-backed mortgage guarantor is anticipating that a return to growth will help double its nascent asset base…

Nigeria’s Own Fannie Mae Sets Out to Double Mortgage Loans

Share
Categories : Finance, Hedge Funds
Comments (0)
  • Machine-learning funds ‘played big role’ in correction: JPM
  • Correlation between AI funds, CTAs has risen in past year

Chalk one up for the humans.

Hedge funds that use artificial intelligence and machine learning in their trading process posted the worst month on record in February, according to a Eurekahedge index that’s tracked the industry from 2011. The first equity correction in two years upended their strategies as once-reliable cross-asset correlations shifted
Share
Categories : Hedge Funds
Comments (0)
  • Barratt, Crest Nicholson subject to bets market about to turn
  • Rate outlook, shortcomings of government schemes among reasons

Once bitten, twice shy? Not in the case of the hedge funds that are shorting U.K. homebuilders, even after the strategy burned some of their peers in the wake of the Brexit vote.

Firms including Millennium, Marshall Wace and Janus Henderson Group are raising bets against an industry that’s key to Britain’s economy. This comes amid waning optimism about the government’s ability to prop up the market with incentive schemes as well as fears that the U.K.’s looming departure from the European Union will hurt real estate…
Share
Categories : Hedge Funds
Comments (0)
  • Truston exits about a decade after setting up Singapore office
  • Truston Falcon Asia Fund had bet on rising, falling stocks

Truston Asset Management Co., a South Korean investment firm that managed $8.5 billion as of August, is closing its office in Singapore and a hedge fund based in the city…

Hedge Fund Closing as South Korean Firm Retreats From Singapore

Share
Categories : Hedge Funds
Comments (0)

Trade risk in U.S. markets is no longer hypothetical, and investors would do well to pay attention, according to Morgan Stanley strategists…

Morgan Stanley Warns on U.S. Trade Risk and Suggests Hedges

Share
Categories : Hedge Funds
Comments (0)
  • Industry looks to rebound after record-low openings in 2017
  • Former Tybourne, Moore, Owl Creek employees plan own funds

A slew of hedge funds are setting up shop in Asia, pointing to early signs of a revival after new starts slumped in 2017…

Hedge Fund Startups in Asia See Signs of Revival

Share
Categories : Hedge Funds
Comments (0)

As Bitcoin continues its wild ride, a Singapore hedge fund unit is raising $10 million for a cryptocurrency arbitrage fund to trade off price movements…

This Singapore Hedge Fund Unit Is Raising Money for a Crypto Arbitrage Fund

Share
Categories : Hedge Funds
Comments (0)
Credit scores aren’t working the way they should.

If you apply for a mortgage in the U.S., chances are your credit score will be generated by an algorithm better suited to the economy of the 1990s — part of an ossified system that could be denying millions of otherwise qualified Americans the opportunity to buy a home.

Regulators are considering an update. What’s really needed is a rethink…
Share
Categories : Hedge Funds
Comments (0)
  • Measure depends on nearby states adopting similar provisions
  • Governor’s statement has scant detail on ‘Fairness Fix’ plan

New York Governor Andrew Cuomo announced plans Thursday to target a tax break for investment fund managers in his state…

Cuomo Proposes Ending Carried Interest Loophole for Hedge Funds

Share
Categories : Hedge Funds
Comments (0)
  • Wagers on net-long WTI positions climb to highest since 2006
  • Brent in London closes above $70 for first time in three years

Oil traded near the highest close in three years as hedge funds increased their bullish bets on crude to the highest in more than a decade…

Oil Trades Near Three-Year High as Hedge Funds Increase Bullish Bets

Share
Categories : Hedge Funds
Comments (0)
  • AHL Evolution, Systematica’s fund beat other trend followers
  • Florin Court up after switching focus; Aspect, GAM join fray

Cheese, sunflower seeds and rough rice sounds like an unappetizing mix — unless you happen to be a hedge-fund manager.

A handful of computer-driven funds had a bumper 2017 by betting on the future price of such “exotic” assets. The success of this type of managed futures strategy, the industry’s term for trend-following, is now drawing new entrants despite the risks created by the low levels of liquidity…
Share
Categories : Hedge Funds
Comments (0)
  • Hedging stocks with long-dated bonds won’t work if both dive
  • Strategy surged in popularity as assets rose in tandem

A trade that mimics a strategy first popularized by Ray Dalio two decades ago is starting to look a bit precarious…

Rising Yields Put a Popular Hedging Strategy to the Test

Share
Categories : Hedge Funds
Comments (0)
  • Billionaire’s other arbitrage fund is said to drop 42%
  • Paulson & Co.’s assets under management falls to $9 billion

One of John Paulson’s hedge funds has plunged about 70 percent over the past four years, marking a dire stretch for the billionaire plagued with investor redemptions.

The Paulson Partners Enhanced fund, which uses borrowed money to double down on its trades, sank 35 percent last year and about 49 percent in 2016, according to a person familiar with the matter. That caps a four-year money-losing run for the fund, which follows a merger arbitrage strategy on which Paulson founded his firm…

Share
Categories : Hedge Funds
Comments (0)
  • Vanessa Selbst, changing careers at 33, now at Dalio’s firm
  • Like gambling, investing is ‘also really freaking difficult’

Vanessa Selbst, the most successful woman ever in tournament poker, is working at Bridgewater Associates to learn another big-money grind: hedge funds.

Selbst, who won $11.9 million in prizes over 12 years in the card game, joined the world’s largest hedge fund, according to a person with knowledge of the matter, who asked not to be identified because the information isn’t public. In a Dec. 31 Facebook post announcing a career change, Selbst said she started at an unspecified hedge fund firm four months ago to focus on trading research and strategy. Selbst didn’t respond to messages seeking comment…

Share
Categories : Hedge Funds
Comments (0)

The city-state may soon offer dollar-denominated derivatives on Indian stocks tracked by MSCI.

Six months ago, India’s regulator had the brilliant idea of destroying a market it believed existed only for “naked speculation.” Now’s the time for hedge funds in Singapore to put on some clothes and plot their revenge…

Hedge Funds’ Indian Revenge, by Way of Singapore

Share
Categories : Hedge Funds
Comments (0)
  • Paul Tudor Jones says low volatility is becoming ‘dangerous’
  • CQS’s Hintze calls North Korean tensions a ‘potential pothole’

Even a new U.S. president and rising geopolitical tensions couldn’t stop stock markets from marching higher. But that’s about to change, money managers say…

Crypto, Taxes & Volatility: A Hedge Fund Watch List For 2018

Share
Categories : Hedge Funds
Comments (0)
  • Value-added levy means 3% charge on some returns from Jan. 1
  • Change is the latest blow to country’s hedge fund sector

Hedge funds may be the biggest losers from a new 3 percent tax on some investment returns in China…

China’s New Tax May Hit Hedge Funds More Than Investment Rivals

Share
Categories : Hedge Funds
Comments (0)
  • Founder Jeff Jacob expected to join Bruce Richards’ Marathon
  • Archview rooted in Citi team that invested in troubled firms

Archview Investment Group LP became the latest distressed-debt hedge fund to close its doors, according to people with knowledge of the matter.

The firm founded by former heads of Citigroup Inc.’s distressed-debt team will start returning money to investors after the end of the year, the people said, asking not to be identified because the information isn’t public. Archview, which counts Blackstone Group LP among its bigger investors, posted gains of 5.3 percent this year with assets of about $650 million, one of the people said…

Share
Categories : Hedge Funds
Comments (0)
  • Charitable gifts boost firms’ net inflows by 9% on average
  • Underperforming managers are the most likely to give

A donation to a worthy cause during the holidays gets you a warm feeling, a tax deduction and maybe a better world for the kids. Some hedge fund managers give for an additional reason — to get money-making assets.

A check to the right charity buys access to cocktail parties and galas where they make lucrative connections and raise money, according to a recent study by university researchers…

Why Struggling Hedge Fund Managers Give to Charity

Share
Categories : Hedge Funds
Comments (0)
  • Money in equity accounts is dwindling as investors go all in
  • Still, gains over the last nine years are not like the 1990s

For a bull market whose hallmark emotion for nine years has been nagging doubt, this one is starting to breed believers.

Little by little, resistance is falling, as milestones such as 7,000 on the Nasdaq Composite Index are passed and new ones like 2,700 on the S&P 500 and 25,000 on the Dow Jones Industrial Average come into view…

Nasdaq Surges Past 7,000 Thanks to Brokerage Cash, Hedge Fund Leverage and Euphoria

Share
Categories : Hedge Funds
Comments (0)
  • Odyssey Search Partners surveyed 500 buy-side investors
  • Private equity professionals looking for 14% increase

Hedge fund professionals are expecting year-end bonuses to climb 39 percent at the end of this year, according to a survey of 500 buy-side investors. That view may be too optimistic, said a partner at the firm that did the polling…

Hedge Fund Managers Expect a 39% Bonus Bump

Share
Categories : Hedge Funds
Comments (0)
  • Traders dump net-bullish bets at fastest pace in five months
  • Bullion’s 60-day historical volatility near lowest since 2001

Hedge funds are pulling out of gold bets as more exciting moves in equities and cryptocurrencies make safe-haven investments look boring…

Hedge Funds Are Pulling Out of Gold and Seeking Thrills Elsewhere

Share
Categories : Hedge Funds
Comments (0)
  • China equity long-short is best-performing strategy in 2017
  • Such funds still trailed MSCI China by widest margin on record

It was a good year for hedge funds betting on rising and falling stocks in Greater China. Just not good enough to beat a spectacular market rally…

Why the World’s Top Equity Hedge Funds Are Trailing the Market

Share
Categories : Hedge Funds
Comments (0)