Monthly Archives: January 2018
Hedge Fund Urges Power Producer to Join Cryptocurrency Craze
(Bloomberg) The biggest investor in electricity generator Atlantic Power Corp. called on the company to explore using surplus output for cryptocurrency mining. In a telephone meeting with Atlantic Power’s management, Mangrove Partners discussed alternative uses for the company’s generation assets […]
Hedge Funds Had a Good Year, Just Not Good Enough
(Bloomberg) Attention hedge-fund investors: I have some good news for you. I also have some not so good news.The good news is that 2017 saw hedge-fund managers generate the best annual returns in four years. According to a recent report […]
Hedge Fund Sues Hovnanian, Blackstone’s GSO Over ‘Manipulation’
(Bloomberg) Hedge fund Solus Alternative Asset Management sued homebuilder Hovnanian Enterprises Inc. and Blackstone Group’s GSO Capital Partners, accusing them of manipulating the market on insurance tied to Hovnanian’s debt. According to Solus, GSO was close to suffering “massive” losses […]
Rosenstein’s Jana Sees Assets Plunge in Half in Two Years
(Bloomberg) Jana Partners, the event-driven hedge fund run by Barry Rosenstein, has lost more than half its assets in about two years as performance waned.Jana managed $4.6 billion firmwide as of December, down from $11 billion in August 2015, according […]
Cohen Loses Another Top Trader Before Hedge Fund Launches
(Bloomberg) One of Point72 Asset Management’s senior staff — Jeff Miller, co-head of U.S. trading — has left the firm, according to people familiar with the matter who asked not be identified. Miller had spent more than a decade working […]
Gemini Sees 36 Per Cent Surge in Hedge/Alternative Fund Clients in 2017
(Hedgeweek) Gemini saw a surge in hedge and alternative fund clients during 2017, and expects this strong momentum to continue into 2018. David Young (pictured), President of Gemini’s hedge funds and alternatives business lines, says: “We have a track record […]
Barclay CTA Index Up 0.54% in December (+0.69 2017)
(Opalesque) The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, indicates a 0.54% gain in December. The CTA Index ended 2017 with a 0.69% gain. “December’s 1.11% rise in the S&P 500 Index extended its unprecedented winning streak […]
Citadel’s Main Funds Post 13% Returns for 2017
(Chicago Business) Ken Griffin’s Citadel posted 13% returns at its flagship funds, besting peers though falling short of the S & P 500.Citadel, the biggest hedge fund company in Chicago, delivered returns of about 13 percent to investors in its […]
Robert Jackson and Hester Peirce Sworn In as SEC Commissioners
(HedgeCo.Net) Robert J. Jackson Jr. and Hester M. Peirce were sworn into office Thursday as SEC Commissioners by Chairman Jay Clayton. Mr. Jackson and Ms. Peirce were nominated to the SEC by President Donald Trump, and their nominations were confirmed […]
Cohen Loses Another Top Trader Before Hedge Fund Launches
(Bloomberg) Steve Cohen’s new hedge fund is hitting a little turbulence. One of Point72 Asset Management’s senior staff — Jeff Miller, co-head of U.S. trading — has left the firm, according to people familiar with the matter who asked not […]
US CLOs May See Record Year as Investors Seek interest-Rate Hedge
(Reuters) The US Collateralized Loan Obligation (CLO) market may be heading for a record year in 2018 as investors seek floating-rate assets as a hedge to rising interest rates. More than US$117bn of US CLOs was raised in 2017, the […]
EM Strategies Top Hedge Fund Performance Tables in 2017
(Investment Week) Emerging markets strategies posted the strongest hedge fund returns in 2017, driven by the performance of India- and China-focused funds, data from eVestment shows. Emerging markets funds posted average returns of 19.7% for the year, compared to 8.8% […]