Monthly Archives: January 2018
India and China-Focused Hedge Funds Top Performers in 2017
(Hedgeweek) Hedge funds focused on India and China were the strongest overall performers in the hedge fund industry in 2017, according to eVestment’s December 2017 Hedge Fund Performance Report. Overall the global hedge fund industry experienced a strong year, returning […]
Puerto Rico Creditor Aurelius Asks U.S. Judge to Throw Out Bankruptcy
(Reuters) Aurelius Capital Management, a major Puerto Rico bondholder, asked a federal judge on Wednesday to throw out the U.S. territory’s historic bankruptcy, challenging the constitutionality of the board overseeing the island’s finances. To read this article:
Barclay Hedge Fund Index Gains 1.21 Per Cent in December
(Hedgeweek) Hedge funds gained 1.21 per cent in December according to the Barclay Hedge Fund Index compiled by BarclayHedge. The index was up 10.44 per cent at the end of 2017. “Tax reform in the US helped to propel the […]
Human-Run Hedge Funds Emerge as 2017 Victor Against Machines
(Reuters) Alibaba, Tencent and AAC Technologies helped Hong Kong-based Oceanwide Asset Management make gains of 43 percent last year in its China equities hedge fund. Selective stock-picking by Oceanwide’s team led to the long-short strategy becoming the top-performing fund in […]
Andurand Fund Is Said to Eke Out 2017 Gain Amid Late Oil Rally
(Bloomberg) Pierre Andurand, one of the most bullish oil hedge fund managers, gained 2.2 percent last year after a strong December performance allowed his eponymous fund to recover from months of losses, according to people familiar with the matter. The […]
Ackman’s Pershing Square Fund to Slash Management Fee
(New York Post) Hedgie Bill Ackman on Wednesday ripped a page from a discount retailer’s playbook — he put his product on sale. Ackman’s Pershing Square fund — after posting losses in each of the past three years — said […]
Cyprus Company Sues Ex-Trump Campaign Manager Manafort For Fraud
(Reuters) U.S. President Donald Trump’s former campaign manager Paul Manafort faced a new legal headache on Wednesday after a Cyprus-based company tied to a Russian oligarch sued him and his business partner Richard Gates over allegations they committed financial fraud […]
Hedge Funds Round Up 2017 in Positive Territory, Up 8.24%
(Opalesque) Opalesque Industry Update: Hedge funds closed the final month of 2017 in positive territory with the Eurekahedge Hedge Fund Index up 0.84% in December while the MSCI World Index finished the month up 1.19%. For 2017 as a whole, […]
Index Of “Undiscovered” Hedge Fund Managers Up 18.5% Gross In 2017
(Opalesque) FundSeeder Technologies, whose platform tracks thousands of independent traders, has published statistics that show smaller traders, or so-called “emerging managers,” can dramatically outperform established hedge fund managers. According to data recently made available by FundSeeder, as of the end […]
Hedge Fund Sees Juice in Greek Rally as Yields Hit 2006 Low
(Bloomberg) One of Western Europe’s most dramatic bond-convergence trades this decade — Greece over Germany — looks like it will reward investors yet again in 2018. London hedge fund Algebris Investments is among those betting economic momentum will take the […]
One of John Paulson’s Hedge Funds Crashed 70% Over the Last Four Years
(Bloomberg) One of John Paulson’s hedge funds has plunged about 70 percent over the past four years, marking a dire stretch for the billionaire plagued with investor redemptions. The Paulson Partners Enhanced fund, which uses borrowed money to double down […]
Company Halts ICO After SEC Raises Registration Concerns
(HedgeCo.Net) A California-based company selling digital tokens to investors to raise capital for its blockchain-based food review service halted its initial coin offering (ICO) after being contacted by the Securities and Exchange Commission, and agreed to an order in which […]