Monthly Archives: January 2018
Massachusetts Hedge Fund Manager Pleads Guilty to Fraud
(Reuters) A Massachusetts hedge fund manager pleaded guilty on Tuesday after prosecutors accused him of misusing millions of dollars from investors to pay for lavish personal expenses like a sports car and to engage in a Ponzi-like scheme. Yasuna Murakami, […]
Hedge funds still favouring bottom-up strategies, says Lyxor
(Hedgeweek) During the first week of 2018, Event Driven and diversified L/S Equity hedge funds outperformed, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team. To read this article:
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 […]
Man Group Says Emerging-Market Bond Values Don’t Make Sense
(Bloomberg) The world’s largest publicly traded hedge fund is turning wary on emerging-market dollar bonds after the securities rallied the most since the global financial crisis. Investors have plunged into riskier assets in their hunt for yield, and now face […]
Hedge Fund Verrazzano to Return Money in Family-Office Shift
(Bloomberg) Hedge fund Verrazzano Capital is returning cash to external investors as Chief Executive Officer Guillaume Rambourg turns the Paris-based asset manager into a family office. “The funds are at their absolute peak performance,” Rambourg wrote in a statement to […]
The World’s Best Female Poker Player Joins the World’s Biggest Hedge Fund
(Bloomberg) Vanessa Selbst, the most successful woman ever in tournament poker, is working at Bridgewater Associates to learn another big-money grind: hedge funds. Selbst, who won $11.9 million in prizes over 12 years in the card game, joined the world’s […]
Hedge Fund Strategies Tweaking Algorithms Were Big Winners In 2017
(Valuewalk) For certain hedge funds, 2017 might be considered the year of the strategy adjustment – and the attainment of alpha over the performance of an index. This is particularly true among noncorrelated hedge funds, those strategies that are not […]
Group Says Venezuela Bonds Should Trade Minus Interest
(Reuters) Emerging markets trade group EMTA on Monday recommended that Venezuela’s sovereign bonds be traded flat or without accrued interest, the way bonds in default are typically traded. The move comes after S&P last week downgraded Venezuela’s 2018s to D […]
Fairpointe Adds to Shareholder Demands Over Nuance CEO Plan
(Reuters) Fairpointe Capital LLC, Nuance Communications Inc’s tenth largest shareholder, said on Monday it had voiced concerns to the software company’s board that its CEO has not yet retired, making it the third investor to do so in recent weeks. […]
Man Group’s $3.4 Billion Evolution Hedge Fund Gains 18% in 2017
(Bloomberg) Man Group Plc’s AHL Evolution fund gained about 18 percent in 2017, giving the computer-driven hedge fund its best yearly increase since 2014. The $3.4 billion fund, which uses algorithms to invest in less liquid markets that generally aren’t […]
White House Preparing For Trade Crackdown
(Politico) As Trump returns to a key campaign pledge, upcoming closed-door meetings will shed light on how aggressive the president plans to be. To read this article:
Goldman, Franklin Templeton top worst-selling fund manager list
(Seeking Alpha) The FT had Morningstar put together a list of worst-selling mutual fund managers. In no surprise given the passive investing craze, those houses known for stock- and bond-picking dominated, led by Goldman Sachs (NYSE:GS), whose fund arm had […]