Hedge Fund News From HedgeCo.Net

Category Archives: Syndicated

Northern Trust Survey: Record Number of Investment Managers Believe U.S. Stocks Overvalued

(Fin Alternatives) Worries about job growth, political uncertainty and market volatility are what keep investment managers up at night despite generally rising market sentiment, according to the most recent quarterly survey by Northern Trust Asset Management. More managers viewed U.S. […]

Verizon to acquire Yahoo in $4.8 billion deal

(CNBC) Verizon Communications on Monday announced plans to acquire Yahoo for $4.8 billion in cash, ending months of uncertainty after Marissa Mayer’s battered internet giant company said it would review strategic alternatives. Share prices of both companies initially moved slightly […]

Goldman Sachs Planning to Raise $5-$8B for New Buyout Fund

(Fin Alternatives) Goldman Sachs is launching a new private equity fund for which it hopes to raise $5-$8 billion, the first such vehicle for the global investment bank since the financial crisis. To read this article:

Has Wall Street Been Tamed?

(Bloomberg) Chris Hentemann has two pieces of art on the walls of his corner office in midtown Manhattan. One is an oversize photograph of the cockpit of his twin-engine Beechcraft Baron. The other is an Andy Warhol print of Muhammad […]

Political Risk Spikes in Turkey, Roiling Asset Prices

(Harvest) The failed July 15 coup in Turkey served as a useful reminder to investors that emerging market equities, which have been far outpacing major advanced country stock indexes nearly seven months into the year, are clearly prone to political […]

Arrested HSBC Exec Was Once Head Of Compliance at his Own Hedge Fund

(The Telegraph) The HSBC executive arrested last week in an American fraud probe was once responsible for regulatory compliance at a hedge fund he ran before joining the bank. Mark Johnson, global head of foreign exchange cash trading at HSBC, […]

Hedge Funds in Japan Are Getting None of SkyBridge’s $13 Billion

(Bloomberg) As one of the world’s biggest investors in hedge funds, it’s Raymond Nolte’s job to find traders who can navigate even the toughest markets. Right now, he doesn’t trust anyone to do that in Japan. The chief investment officer […]

Ex-New York City Jail Guard Union Boss Pleads Not Guilty to Bribery

(Reuters) The former union leader for New York City’s prison guards and a hedge fund financier pleaded not guilty on Friday to engaging in a bribery scheme in a case linked to a widening federal municipal-corruption investigation. Norman Seabrook, the […]

Griffin’s Citadel To Lift 17-Manager Visium Team For New Equity Unit

(FinAlternatives) Kenneth Griffin’s hedge fund Citadel will hire 17 portfolio managers from beleaguered Visium Asset Management in a move that mirrors past steps to gather top staff from struggling rivals. Wracked by an insider trading probe and other investigations by […]

Hennessee Group: Hedge Funds Underperform in June

(FinAlternatives) June data from hedge fund industry observer Hennessee Group showed the investment class underperformed broader market measures last month, in contrast to some other industry benchmarks that have reported gains for the period. To read this article:

In A Dog-Eat-Dog Industry The Strong Will Get Stronger

(HITC Business) Wall Street’s top stock and bond traders are putting more distance between themselves and their closest competitors….“The strong will get stronger,” said Christopher Wheeler, an analyst at Atlantic Equities. “It becomes much more pronounced if markets improve even […]

The Persistence of Negative Investment Performance

(Harvest) Our earlier pieces discussed how nominal investment performance reverts. Since returns are dominated by systematic risk factors (primarily the Market), they are subject to reversal when investment regimes change. In the simplest terms, high risk funds do well in […]

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