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Category Archives: Syndicated

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 […]

A Wall Street Boutique is Looking to Flip the Script For Juniors

(The Business Insider) The boutique bank Moelis & Company is taking a new tack in developing its junior talent. The firm has partnered with the Wharton School in Pennsylvania to create a leadership development program for its recently promoted vice […]

Blackstone’s Senfina Hedge Fund Down 15% After June Decline

(Bloomberg) The Blackstone Group LP’s hedge fund Senfina Advisors has lost 15 percent in 2016 after a June decline threw cold water on the $1.9 billion unit’s attempt to make a comeback. The June loss of 3.5 percent in the […]

Travelers Says Private Equity Slumps After Hedge Fund Woes

(Bloomberg) Travelers Cos., the lone property-casualty insurer in the Dow Jones Industrial Average, said second-quarter private equity returns failed to meet the company’s target, adding pressure to a portfolio that was hurt in the prior three months by hedge fund […]

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