Monthly Archives: January 2018
Blackstone’s Hill Hands Hedge Fund Reins to Mccormick
(Reuters) After nearly two decades of growing Blackstone Group into the world’s biggest hedge fund investor with some $74 billion in assets, J. Tomilson Hill is passing the baton.Blackstone has promoted John McCormick to president and chief executive of hedge […]
Oil Specialist Westbeck to Launch Electric Vehicle Hedge Fund
(Reuters) Oil-focused hedge fund firm Westbeck Capital will enter new territory next month with an equities fund designed to tap into growing excitement over electric vehicles, according to a draft investor presentation seen by Reuters. Westbeck’s Electric Metals Fund will […]
For Hedge Funds, the Bear Can’t Come Too Soon
(Bloomberg) Long-shorts had a good year in 2017. The HFRI Equity Hedge Total Index — an index of long-short equity hedge funds — returned 13.5 percent last year, its best performance since 2013. But as my Bloomberg View colleague Barry […]
This Singapore Hedge Fund Unit Is Raising Money for a Crypto Arbitrage Fund
(Bloomberg) As Bitcoin continues its wild ride, a Singapore hedge fund unit is raising $10 million for a cryptocurrency arbitrage fund to trade off price movements. Kit Trading, a unit of Vulpes Investment Management, said the fund is on track […]
Cuomo Proposes Ending Carried Interest Loophole for Hedge Funds
(Bloomberg) New York Governor Andrew Cuomo announced plans Thursday to target a tax break for investment fund managers in his state.The proposal would impose a 17 percent “Fairness Fix” tax on hedge fund and private equity managers’ compensation — reflecting […]
IDFC AMC Floats Maiden Hedge Fund
(VC Circle) IDFC Asset Management Company is launching its inaugural India equity long/short hedge fund under the name IDFC India Equity Hedge-Conservative Fund. It is a category-III alternative investment fund (AIF) managed by Vijay Krishna Kumar, director of liquid alternatives […]
Credit Rating Agencies Show Improvements
(HedgeCo.Net) Credit rating agencies under Securities and Exchange Commission oversight show improved compliance, increased information technology resources, and continued competition, according to two SEC staff reports released today on nationally recognized statistical rating organizations (NRSROs). “NRSROs are continuing to display […]
Global institutional investors braced for market risks and pursuing an active approach in 2018
(Hedgeweek) Faced with low interest rates and relatively high valuations for risk assets, large global institutional investors are looking to protect themselves against downturn risks through maintaining their cash levels and selectively increasing allocations to active strategies. To read this […]
Man AHL TargetRisk returns 33 per cent in first three years
(Hedgeweek) Man AHL’s TargetRisk strategy has returned 33 per cent since its launch in December 2014, ranking it in the top decile in comparison to its peer group. The strategy has also been awarded a five star rating by Morningstar. […]
PIMCO Says Lack of Fear in Markets Means You Should Be Worried
(Bloomberg) One of the world’s largest money managers says you should fear the lack of fear in markets. Investors in global equities are enjoying the best start to a year in at least three decades, cutting back on cash positions […]
Goldman Sachs and Ken Griffin Funds Give Big to Obama Foundation
(Bloomberg) Philanthropic funds connected to Goldman Sachs Group Inc. and hedge fund billionaire Ken Griffin are among donors that gave the Obama Foundation at least $1 million apiece, the former president’s organization announced this week. The foundation is building the […]
Barclays Is Cutting Up to 100 Senior Investment Bank Staff
(Bloomberg) Barclays Plc is eliminating as many as 100 senior staff at its investment bank as the unit’s chief, Tim Throsby, overhauls the underperforming division, according to people familiar with the decision.The cutbacks will fall mainly at the managing director […]