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Category Archives: Syndicated

Fist Bumps’ at Hedge Funds Over Trump’s Tax Plan

(Reuters)U.S. hedge fund managers began warming to President Donald Trump soon after his surprise election ignited a powerful stock market rally. Now, his dramatic tax cut plans give them even more reasons to cheer. Trump, looking to make good on […]

HFRU Composite Index Falls 0.30% Through Mid-April As CTA’s Slip

(FINalternatives) The HFRU Hedge Fund Composite Index, which measures UCITS compliant hedge funds, declined -0.30% through April 21, according to a flash update from Hedge Fund Research. To read this article:

This $30bn Pension Pot is Keeping Faith With Hedge Funds

(Bloomberg) The firm that compensates members of U.K. retirement pots when they run into trouble is keeping faith with hedge funds despite widespread criticism of their high fees and underwhelming returns. The Pension Protection Fund has about 23 billion pounds […]

CalSTRS Pares Down US Equity Exposure in Market’s Record Run

(Reuters) Record high U.S. stock prices are providing the California State Teachers’ Retirement System with profit-taking opportunities as it cuts exposure to U.S. equities and moves money off shore, the plan’s chief investment officer told Reuters on Wednesday. Christopher Ailman, […]

Man Group’s Assets Surge 10% to $88.7bn in First Quarter

(EuroHedge) Man Group, the publicly-quoted London-headquartered global hedge fund group, saw its funds under management grow to $88.7 billion in the first quarter of 2017, a 10% surge from its 2016 year-end total of $80.9 billion. The group saw net […]

Marissa Mayer Will Get $186m Golden Parachute From Yahoo

(New York Post) Yahoo Chief Executive Marissa Mayer may not have been able to save the company she joined nearly five years ago — but she certainly saved her bank account…. To read this article:

B. Riley Acquires Rights To Manage Dialectic Capital Management Hedge Funds

(FINalternatives) B. Riley Financial has acquired the rights to manage a number of Dialectic Capital’s hedge funds, while Dialectic founder and former Maverick Capital executive John Fichthorn has been named head of alternative investments for the asset management division of […]

Owl Creek to Shut Asian Hedge Funds, Deregister Hong Kong Office

(Bloomberg) Jeffrey Altman’s Owl Creek Asset Management is winding down its Asian funds after the voluntary departure of Hong Kong-based co-manager Chris Wang, according to a regulatory filing. The move is expected to cut New York-based Owl Creek’s assets to […]

Money Managers Take Off the Gloves in Dealing With Companies

(CNBC) As a steward of pension funds and retirement accounts, Neuberger Berman has traditionally employed a staid strategy familiar among big Wall Street money managers: Buy and hold stocks, sit back, and hope for the best. But recently, the firm […]

This Hedge Fund May Be Poised to Create the Most Billionaires

(Bloomberg) Henry Laufer was teaching math at Stony Brook University on Long Island in the late 1980s when he got a call from Jim Simons. A former colleague, Simons had left academia to start Renaissance Technologies a mile down the […]

A Struggling Hedge Fund Says it is Cutting Costs and Still Trying to Find a Partner

(The Business Insider) A highly-backed hedge fund that has struggled from its start says it is cutting costs as it continues to look for fresh money to buoy assets. Folger Hill Asset Management, a Leucadia and Schonfeld-backed hedge fund firm […]

Elliott Spurns Offer, Forging Ahead With Arconic Proxy Fight

(Reuters) Tensions between Elliott Management and specialty metals maker Arconic Inc escalated on Tuesday, as the hedge fund spurned a truce offered by the company and urged shareholders to elect all four of its director nominees. Elliott’s latest letter to […]

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