Monthly Archives: October 2018
Jason Karp to shut hedge fund Tourbillon, focus on health and wellness
(Reuters) – Hedge fund Tourbillon Capital Partners is shutting down after several years of poor returns, making it the third well-known fund to announce plans to close its doors within a week. To read this article:
Unfazed by record short U.S. bonds position, hedge funds gun for 3.50 percent
(Reuters) – Hedge funds may have trimmed their record bet against U.S. Treasuries, as the latest data show, but the 10-year yield’s spike to fresh multi-year highs in the days since suggests that short position will now be even greater. […]
Brent falls as fund managers take profits after rally:
(Reuters) – Hedge fund managers started to take some profits after the strong rally in crude oil prices, even before details emerged last week of output increases from Saudi Arabia and sanctions waivers by the United States. To read this […]
Gulati’s Antara Capital Launches with Blackstone Money
(Reuters) Hedge fund manager Himanshu Gulati, who received startup capital from Blackstone Group LP, launched Antara Capital Partners this week with roughly $200 million in assets, people familiar with the matter said on Friday. The New York-based firm will focus […]
Hedge Funds Post Worst Third-Quarter Performance in Three Years
(Bloomberg) Hedge funds had their worst third quarter since 2015, rising just 0.3 percent on average amid surging bond yields and a trade war with China. The industry gained 1.7 percent during the first three quarters of 2018, on an […]
Greenlight Comment Adds to Tesla Losses From Musk Mocking SEC
(Reuters) Shares of Tesla Inc (TSLA.O) fell 7 percent on Friday, as David Einhorn’s hedge fund Greenlight Capital slammed the electric carmaker the day after Tesla CEO Elon Musk mocked the U.S. Securities and Exchange Commission on Twitter.The sell-off started […]
Vivendi Reaffirms Support For TIM CEO, Decries ‘Rumor Campaign’
(Reuters) Top shareholder Vivendi (VIV.PA) reaffirmed its support for Telecom Italia’s (TIM) (TLIT.MI) Chief Executive Amos Genish, while accusing activist fund Elliott of running a “rumor campaign” to discredit him.The French media group, which owns 24 percent of TIM, has […]
Brazil Hedge-Fund Icon Sees Bolsonaro as Favorite to Win Vote
(Bloomberg) Legendary hedge-fund manager Luis Stuhlberger continued to take advantage of the volatility brought on by Brazil’s upcoming elections to buy back into the country’s stocks and cut hedges after years of pessimism. Far-right candidate Jair Bolsonaro is seen as […]
New Cyber Insurance Package Protects Hedge Funds’ Trade Secrets and Fees
(Insurance Journal) Hedge funds can spend years crafting a trading algorithm or a strategy to keep ahead of competitors. A Stone Point Capital-backed insurance broker is offering to help protect those trade secrets, and their fees, from a cyber attack. […]
NAFTA 2.0: A Bold New Beginning? Or a Modest Rewrite?
(Harvest) The revised NAFTA deal relieves uncertainty for Canada and avoids a possible Mexican barrier to ratification. But what does it really mean for the three countries involved—or for trade tension with China? The US and Canada over the weekend […]
Yale’s ‘Warren Buffett’ Places Big Bets on Cryptocurrency Funds
(Fox Business) David Swensen, the man dubbed as Yale University’s “Warren Buffett” for his investing chops in turning around the university’s endowment into a $29 billion fund, is now reportedly going big on cryptocurrency… To read this article:
US yields pause for breath
(The Technical Analyst) The US 10-year yield is likely to undergo a pullback before reaching 3.9%, according to Frank Cappelleri, Chief Market Technician at Instinet. To read this article:
