Hedge Fund News From HedgeCo.Net

Category Archives: Syndicated

Laurion Capital Closes $1.1B Macro Fund

(FINalternatives) Ben Smith’s Laurion Capital Management has shuttered a large macro hedge fund amid losses and offered investors the option of transferring their capital into one of Laurion’s other funds. Macro hedge funds, which bet on broad strategic trends within […]

Hedge Funds Turn Bullish as China Weathers Slower Growth, Brexit

(Bloomberg) Springs China Opportunities Fund and Counterpoint Asian Macro Fund join a growing group of hedge funds turning bullish on Chinese shares, which have remained robust even amid a slowing economy and market shocks from Britain’s vote to leave the […]

Ex-Visium Hedge Fund Manager Pleads Not Guilty to Fraud Scheme

(Reuters) A former portfolio manager at Visium Asset Management LP pleaded not guilty on Monday to charges that he engaged in a scheme to defraud investors by inflating the value of a bond fund and overstating its liquidity. Stefan Lumiere, […]

Preqin: Strong Q2/16 Performance Drives Hedge Fund Industry in First Half

(FinAlternatives) A new research report from Preqin reveals hedge funds posted positive results in the first half of 2016, despite a very rocky start to the year, although the performance was still the lowest first-half return for the industry since […]

Hedge Funds Finally Say No to Gold as U.S. Shares Smoke Records

(Bloomberg) Investors judging the world economic outlook as a bit more stable are taking some of the shine off gold. Gold’s Ups and Downs Hedge funds and other speculators cut their wagers on a rally for the metal for the […]

Man Group’s Rouble Bet Pays Off as Hedge Funds Rush in

(Gulf-times) Backing the rouble seemed like a lonely bet for Man Group’s Guillermo Osses five months ago, but now the strategy is paying off – and the rest of the market is racing to catch up. The head of emerging-market […]

Blackrock: 4 Reasons You Should Still Invest Abroad

(Harvest) 2016 has not been a stellar year for many markets, outside of gold. Indeed, a standard, plain vanilla, domestically oriented 60/40 blend of U.S. stocks and Treasury bonds has produced reasonably good returns. This, in turn, reinforces a nagging […]

Troubled Hedge Fund Solo Capital Shuts Its Doors

(The Telegraph posted) Solo Capital, the London hedge fund targeted by a Danish tax probe, has ceased operations, according to its latest accounts. The hedge fund, set up in 2009, became profitable in 2013 and posted revenues of £25m before […]

Hostile Resistance To Hedge Fund Activism

(Valuewalk) Target firms openly resist hedge fund activists about one-fourth of the time, via poison pills, lawsuits, and restrictions on shareholder actions. Target firm resistance is met with a significantly negative market reaction, reducing the initial positive reaction to activism […]

Bridgewater, World’s Biggest Hedge Fund, Is Said to Be Slowing Hiring

(New York Times) After years of rapid internal growth, the world’s biggest hedge fund appears to be slowing down. The $154 billion hedge fund, Bridgewater Associates, run by the billionaire Ray Dalio, is known for hiring hundreds of people every […]

Fee Pressure Looms for Underperforming Hedge Funds

(Bloomberg) Investors are starting to withdraw money from mediocre Asian hedge funds that charge high fees, a trend that’s forcing changes in the economics of the business, according to the global head of prime brokerage at Nomura Holdings Inc. “Organizations […]

Goldman-Backed Pelham’s Hedge Fund Said to Lose 10% in June

(Bloomberg) Pelham Capital’s main hedge fund lost about 10 percent in June as the U.K.’s shock decision to exit the European Union sparked turmoil in global equity markets, according to two people with knowledge of the matter. The losses in […]

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