Monthly Archives: May 2017
‘Tourist Investors’ Fleeing Silicon Valley for Better Sights
(Bloomberg) Silicon Valley may get fewer tourist dollars this year. Mutual funds, hedge funds and private equity shops earned the nickname “tourist investors” after their recent forays into private technology firms helped fuel the sector’s growth. But they have pulled […]
Elliott Sues Energy Future for Chance to Offer Bankruptcy Alternatives
(Reuters) Hedge fund Elliott Management Corp filed a lawsuit against Energy Future Holdings Corp on Thursday, claiming that the bankrupt power company has prevented it from pursuing better options for it as its $18.7 billion deal with NextEra Energy Inc […]
Hedge Fund Manager Odey Sticks With Bearish Bet Despite ‘Awful’ 2016
(Reuters) British hedge fund manager Crispin Odey said on Thursday he continued to bet on a global downturn despite an “awful” 2016 in which his main fund shed nearly half its assets. Odey – whose fund Odey Asset Management racked […]
eVestment: Hedge Funds Up +0.66% In April, Sixth Straight Positive Month
(FINalternatives) Hedge funds posted broad gains in April to notch the industry’s sixth consecutive positive monthly return, according to new data from research provider eVestment. To read this article:
A New High-Profile Hedge Fund Has Just Made a Big Hire
(The Business Insider) A high-profile newly launched hedge fund has hired a 15-year Deutsche Bank veteran.Ben Melkman’s Light Sky Macro, a New York-based macro hedge fund, hired Jérôme Saragoussi as director of trading strategy, according to people familiar with the […]
Catalyst Funds CEO Talks Converting a Hedge Fund into a Mutual Fund
(Benzinga) Benzinga recently had the chance to talk about making alternative investment strategies available to retail investors with Catalyst Funds’ Jerry Szilagyi. At one point, the CEO explained one of the things the firm (which manages about $5.8 billion in […]
Hedge Fund Manager May Save $835,900 Due to a Typo
(Bloomberg)Hedge fund manager says the British tax collection agency can’t investigate his 2009 finances because of a mistake in the letter warning him about the probe.Her Majesty’s Revenue & Customs wrote to Michael Mabbutt, then at Thames River Capital, saying […]
5 Universal Laws Of Human (Investment) Stupidity
(Harvest) In 1976, a professor of economic history at the University of California, Berkeley published an essay outlining the fundamental laws of a force he perceived as humanity’s greatest existential threat: Stupidity. Stupid people, Carlo M. Cipolla explained, share several […]
How Discretionary Managers Can Crush Systematics
(Harvest) Six months ago I found myself in our Estimize office sitting across the table from a hedge fund portfolio manager who said something I honestly couldn’t believe. According to this PM who runs a $500M long/short book at a […]
Pinebridge Investments Unveils New Secured Debt Liquid Alt Fund
(FINalternatives) Global multi-asset alternative investment manager PineBridge Investments has launched a new European secured credit fund that will invest in a diversified portfolio of sub-investment grade senior secured debt obligations issued by corporations in various industries and geographical regions. To […]
Barclays to Pay $97 Million for Overcharging Clients
(HedgeCo.Net) The Securities and Exchange Commission today announced an enforcement action requiring Barclays Capital to refund advisory fees or mutual fund sales charges to clients who were overcharged. In a settlement of more than $97 million, Barclays agreed to settle […]
Man GLG to Launch New Long/Short Absolute Return Fund
(FINalternatives) Man Group’s Man GLG unit is prepping a new long/short mid-cap equity fund for launch in June.Named the U.K. Absolute Return Fund, the new vehicle will be managed by value specialist Jack Barrat, according to a Citywire article, and […]
