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Category Archives: Syndicated

Ex-Point72 portfolio manager to launch macro hedge fund Entheos:

(Reuters) – Erik Cetrulo, a former portfolio manager at Steven Cohen’s Point72 Asset Management, is raising funds for a global macro discretionary hedge fund and is targeting a launch in the first quarter of 2019, two sources familiar with the […]

Three top staff leave macro hedge fund MarkhamRae after assets plunge

(Reuters) – At least three top staff recently left London-based hedge fund firm MarkhamRae, which has underperformed its peers and saw three of its biggest investors pull out almost $300 million. To read this article:

Hedge Fund York Capital Joins Race for Abraaj Assets

(Bloomberg) York Capital Management, the hedge fund run by Jamie Dinan, is the latest party to join the race to buy the asset-management platform of embattled Dubai private-equity firm Abraaj Group, according to people familiar with the matter. The New […]

Steve Cohen’s Hedge Fund Gains About 7% in First Half

(Bloomberg) Point72 Asset Management, the hedge fund run by Steve Cohen, returned about 7 percent in the first half of the year, according to people familiar with the matter. The Stamford, Connecticut-based firm was about flat in June, the people […]

Hedge Fund Firm PAAMCO Prisma Co-CEOs Buchan and Reddy to Leave

(Reuters) Investment firm PAAMCO Prisma, one of the world’s biggest investors in hedge funds, said on Tuesday that a six-person executive committee will replace the firm’s two co-chief executives who are stepping down on Aug. 1. Jane Buchan and Girish […]

Scaramucci’s Path to $20 Billion Runs Through a Hot China Market

(Bloomberg) An investment offering that most of the world has shunned is suddenly all the rage in China, and money managers from UBS Group AG to SkyBridge Capital are moving to grab a slice of the bounty. To read this […]

Muni Bonds Buck the Trend

(Harvest) Muni bonds rewarded investors with an unexpected positive return in June (+0.13%), against the odds that a stark pickup in supply would saturate the market as history suggests for this time of year. The market’s persistently strong technical environment […]

Hedge Fund Billionaire Einhorn Places Sixth in Major Poker Tournament

(CNBC) David Einhorn and 26 other businessmen and poker players each ponied up $1 million to enter the World Series of Poker’s “Big One for One Drop” tournament. Einhorn placed sixth, just short of taking home prize money, on Tuesday […]

Omega Advisors Joins Bluemountain as PM for Global Financials Investing

(Opalesque) BlueMountain Capital Management, a private diversified alternative asset management firm, today announced that Mahmood Reza has joined the firm’s equities team as Portfolio Manager of Global Financials equity investments, effective July 9. The new hire reflects BlueMountain’s continued commitment […]

How a $139 Billion Fund Is Trading the Trade War

(Bloomberg) In a bid to beat the trade war, a $139 billion Australian investment manager is using 30-year Treasuries as its weapon of choice. The ultra-long bonds are seen as a hedge to protect the portfolios of AMP Capital Investors […]

Gemini’s Complete offering’ singled out as unique to industry in global custodian survey

(Hedgeweek) The Gemini Companies (Gemini) has been singked out for its unique ‘complete offer’ in the 2018 Global Custodian Mutual Fund Administration Survey, which surveys fund administration clients to determine a ranking [on a scale of 1 (very weak) to […]

Hedge Funds End First Half in the Red as Trade War Roils Markets

(Reuters) Hedge Funds ended the first half in negative territory as the escalating trade war roiled global markets. Funds declined 0.33 percent for the year and slid 0.64 percent in June, wiping out gains seen in May, according to Bloomberg […]

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