Hedge Fund News From HedgeCo.Net

Category Archives: Syndicated

Hedge Funds Misread Fed With Bullish Dollar Bets at 7-Month High

(Bloomberg) Hedge funds and other large speculators raised bullish dollar wagers to a seven-month high before the Federal Reserve scaled back the outlook for rate increases in 2017 at last week’s policy meeting. Wagers for the dollar to gain against […]

Soros Helping to Turn Back Tide of Hedge-Fund Outflows in Europe

(Bloomberg) As hedge funds hemorrhage cash at the fastest pace since the financial crisis, a new crop of money managers is starting to buck the trend in Europe with backing from some of the industry’s biggest names, including George Soros […]

Hedge Funds Redemption Pressures Receded In August

(Valuewalk.com) The redemption pressures weighing heavily on the hedge fund industry mostly abated in August. After outflows in June and July nearly reminiscent of the tailend of the global financial crisis, investors’ dissatisfaction with 2015 performance may be exhausted. While […]

Canada Public Pension Ditches 10 Computer-Driven Hedge Funds

(The Daily Mail) Reuters reports the Ontario Teachers’ Pension Plan this summer pulled cash from 10 of the 20 hedge funds in its portfolio which use computer algorithms….”They expressed that a lot of strategies today you can mimic with a […]

Top firm could axe 1 in 10 staff

(HITC Business) Thousands of jobs could go. Commerzbank is planning to cut thousands of jobs as it revamps its strategy to contend with the drag on earnings from ultra low interest rates and lacklustre demand for loans, sources familiar with […]

N.J. Fund Wins $40m in Defamation Lawsuit

(Nj.com) A Parsippany-based hedge fund and two of its principals received about $40 million in damages over a defamatory report in 2002 about the men and the company…An eight-person civil jury in Morris County awarded NuWave Investment Corp. and its […]

A Hot New Hedge Fund Just Made Some Big Hires

(The Business Insider) A new, high-profile hedge fund has made some big hires. Ben Melkman, a former partner at Brevan Howard, is launching a new fund called Light Sky Macro in New York. The fund is targeting $400 million and […]

Rogue Trader Escapes Paying $5.5 Billion In Damages

(New York Post) Rogue trader Jerome Kerviel has stuck it to his old bosses — big time. A French appeals court cut the damage award Kerviel was ordered to pay Société Générale to $1.1 million from $5.5 billion. That’s right […]

Tudor Said to Close Singapore Trading Desk Amid Global Cuts

(Bloomberg) Tudor Investment Corp., the $11 billion hedge fund founded by billionaire Paul Tudor Jones, has closed its Singapore trading desk as part of a global shakeup, according to people familiar with the matter. The firm still has staff in […]

Investors Add $6.3B to Hedge Funds in August; Total Industry AUM $3.02T

(Fin Alternatives) Hedge fund investors allocated $6.3 billion in new assets to the industry during August, bringing overall industry assets back over the $3 trillion mark, according to new research from eVestment. To read this article:

Some of the Biggest Hedge Funds Are Bleeding Cash

(Bloomberg) Some of the biggest and best-known hedge funds can’t hang on to client capital. Richard Perry, who started his hedge fund 28 years ago, has seen assets in his Perry Capital shrink to $4 billion, from $10 billion last […]

Fired Manager Can Challenge Highland Capital in Arbitration

(Bloomberg) A former portfolio manager can force Highland Capital Management LP into arbitration over his claim that he was fired after questioning what he described as the firm’s illegal self-dealing with outside investors. Highland alleges Joshua Terry was the one […]

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