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Preqin’s Latest Report Shows Q3 Worse than Other Reports

New York (HedgeCo.net) – Alternative asset industry data and intelligence firm Preqin released its latest report and it showed that hedge funds as a whole fell almost 4%. Despite the overall performance, there were a few bright spots with Commodity […]

Another Top Firm May Make Serious Middle and Back Office Job Cuts

(Reuters)BNP Paribas may make significant middle and back office job cuts as part of a plan to cut costs in its investment bank that includes using ‘big data’ technology to identify client needs, a person familiar with the matter said. […]

Hedge Funds Cut Bullish Bets on U.S. Crude to July Lows

(Reuters) Hedge funds cut their bullish wagers on U.S. oil by the most since July this week, trade data showed on Friday, after a tumble in gasoline prices, slower growth in China and worries about an impending return in Iranian […]

Blackstone’s Hedge Funds Show Resilience in Weak Markets

(Yahoo Finance) Blackstone (BX) reported a 38% fall in its hedge fund solutions segment’s total 3Q15 revenues to $98 million as compared to $158 million in 3Q14. Economic income for hedge fund solutions also fell by 52% during the third […]

This Week: Hedge Fund Darlings Became Dogs No More Excuses

(Harvest) It seems that since the recovery from the finical crisis of 2008, hedge funds have had a string of reasons for their persistent underperformance. First it was the fact that they were “defensively positioned” and did not capture the […]

Dupont CEO Departure Buys Time to Appease Peltz

(Reuters) The departure of DuPont’s chairwoman and chief executive Ellen Kullman has bought the U.S. chemical manufacturer a few months’ grace to boost its stock price and appease activist investor Nelson Peltz.Before Kullman’s surprise retirement announcement, the billionaire fund manager […]

In the hedge fund world, bigger is still better

(CNBC) Stock market tumult has delivered a stinging hit to a number of areas, notable among them the hedge fund industry, which has seen a promising year turn south in a hurry. Total hedge assets are back lingering near the […]

One of Canada’s largest pension boards is suing Saba Capital

(Business Insider) In a complaint filed Friday, one of Canada’s largest pension boards is accused Saba Capital of allegedly “Manipulating the value” of their investments in a fund.The Public Sector Pension Investment Board had $500 million in the Saba Offshore […]

This Hedge Fund Thrives by Sensing Danger

(Barron’s) Jeff Osher smiles at the suggestion that Cat Stevens’ early classic track “The First Cut Is the Deepest” might apply to him. Soon after Osher, now 38, started as an analyst following specialty-finance companies for Montgomery Securities, the Asian […]

China’s biggest quant fund launch raised $3bn in one day

(Hedgefund Intelligence) Beijing-based Harvest Fund Management, a joint venture between Deutsche Bank and state-owned Harvest Group of Companies, raised a staggering CNY16.6 billion (about $3 billion) in just one day in June for its quant-focused Harvest Event-Driven Fund.This makes it […]

Blackstone Group Ends Talks to Acquire ATM Maker NCR

(New York Post) The Blackstone Group has withdrawn from the auction of ATM maker NCR, marking the second time this year the company has failed to come to terms with a potential buyer, The Post has learned. “Nothing is going […]

Hedge Funds Cut Yen Shorts At The Fastest Pace Since 2007

(Bloomberg) Hedge funds and other large speculators have slashed bets on yen declines at the fastest pace since 2007 as U.S. jobs data for August failed to decisively set the stage for the Federal Reserve to raise interest rates next […]

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