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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(New York Post) The Blackstone Group has withdrawn from the auction of ATM maker NCR, marking the second time this year the company has failed to come to terms with a potential buyer, The Post has learned.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 […]

These Funds Bucked Their Own Trend in August Selloff

(Wall Street Journal Interactive) Computer driven hedge funds have had a tough time over the past few months, but when the chips were down for global markets in late August, they came into their own. That’s according to J.P. Morgan, […]

China Shock a Boon for This Hedge Fund That Bets on Volatility

(Bloomberg) 36 South Capital Advisors, a London-based volatility hedge fund, profited from China’s surprise devaluation when it triggered a global market rout that spurred losses in an index of its peers. Three of 36 South’s strategies, which bet on rising […]

Tough August For Two Prominent Fund Managers

New York (HedgeCo.net) – August came to a close yesterday and after all the gyrations and increased volatility, the final result for the month was a loss of 6.26% for the S&P 500. That is the worst monthly loss for […]

Model Spotlight: Cornerstone US Long/Short Alpha Model

New York (Hedgeco.net) On a year to date basis, the top fund manager model on the HedgeCoVest platform is the Cornerstone US Long/Short Alpha model with a return of 9.53% through last Thursday, and the model was up 2.81% in […]

Hedge Funds Boost Bullish Oil Bets and Gain From Late-Week Rally

(Bloomberg) Hedge funds couldn’t have timed an increase in bullish oil positions better, just before improving prospects for U.S. growth sent crude on its biggest two-day rally in six years. Money managers boosted their net-long position in West Texas Intermediate […]

China’s Black Monday: Panic Grips Global Financial Markets As Stocks Undergo “Bloodbath” of Selling

(The Telegraph) Chinese market plunges 8.45 per cent, triggering widespread selling across Asia which has wiped off more than €5 trillion off global stocks in two weeks….The latest wave of flagging growth indicators is set to force Beijing into drastic […]

Investors Race To Escape Risk in Once Booming Emerging Market Bonds

(New York Times) The large funds that helped fuel rapid growth in developing countries have begun hastily retreating from those investments, contributing to the recent sharp decline in global markets. In the last week alone, investors pulled $2.5 billion from […]

U.S. Asset Manager Warns Over “Risk Parity”

(Financial Times) AllianceBernstein, a big US asset manager, has warned that the swelling popularity of an investment strategy known as “risk parity” is exacerbating the fragility of financial markets and worsening sell-offs. Equity and bond markets have been hit hard […]

Investors Redeem $5 Billion From Hedge Funds In July

(Think Advisor) Global investors redeemed $5 billion from hedge funds in July, according to eVestment. Still, the month ended in the black, as positive performance increased assets under management by an estimated $16 billion, bringing total hedge fund assets to […]

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