Monthly Archives: January 2018
Shifting Client Conversations from Yield to Cash Flow
(Harvest) When meeting with financial advisors, we’re consistently hearing concerns that retirees may feel challenged to generate sufficient income to meet everyday expenses in this low-interest-rate environment. As a result, they may be tempted to pursue certain high-yielding investments, without […]
SEC Charges Operators of $1.2 Billion Ponzi Scheme Targeting Main Street Investors
(HedgeCo.Net) The Securities and Exchange Commission has announced charges and an asset freeze against a group of unregistered funds and their owner who allegedly bilked thousands of retail investors, many of them seniors, in a $1.2 billion Ponzi scheme. SEC […]
Seven-in-ten investors anticipate global equities correction of over 10 per cent within 18 months, says MPG
(Hedgeweek) Seven out of 10 (71 per cent) institutional investors anticipate a global equity market correction of more than 10 per cent within 18 months, including nearly half (47 per cent) who expect it to happen within a year, according […]
Cohen to Manage Outside Money Under Point72 Asset Management
(Bloomberg) When Steve Cohen takes in outside capital later this quarter, he’ll be doing so under the name Point72 Asset Management. Point72 was the entity created four years ago that housed Cohen’s family office when he returned client capital, after […]
The Lessons of 2017 for Hedge Funds
(Bloomberg) As funds start to post their returns for 2017, a sharp divide is emerging between the winners and losers.PLATT’S RETURN IN 201754%Michael Platt had a banner year, beating his near-50 percent gain in 2016 with a 54 percent return […]
Some Hedge Funds Deliver Double-Digit Gains For 2017
(Reuters) A handful of hedge funds ended 2017 with double digit returns, their investors said, at a time the $3 trillion industry took in fresh money and posted its best returns in years, industry data show. Activist hedge fund Marcato […]
Cryptocurrency Hedge Fund BlockTower Raises $140 Million
(Bloomberg) BlockTower Capital, a digital currency hedge fund launched in August, raised $140 million and hired a former vice president at Goldman Sachs Group Inc., expanding its team to eight people, according to people familiar with the matter.The money manager, […]
Global Distressed-Debt Funds Circle China Again, Eye $256 Billion Bad-Loans Market
(Reuters) Global distressed-debt specialists are stepping up their dealmaking in China after a decade, betting that the country is becoming serious about developing a market to tackle its $256 billion of official non-performing loans (NPLs).Groups such as Blackstone Group LP […]
Peter Thiel Is Reportedly Exploring Launching Conservative News Outlet
(Bloomberg) Billionaire investor Peter Thiel is exploring starting a conservative news outlet, with backing from the powerful Mercer family and a cast of Fox News celebrities, according to revelations in a new book and a report from BuzzFeed News. Last […]
Fannie-Freddie Overhaul Might Mint Hedge Fund Riches, Losses
(Bloomberg) They’ve lost in court. They’ve been rebuffed by government agencies. Now, the fates of hedge funds and other investors in mortgage-finance giants Fannie Mae and Freddie Mac could lie with an old adversary: the U.S. Congress.Whether shareholders make a […]
Spotify’s Non-IPO Really Is New
(Bloomberg) Spotify AB has filed confidentially with the Securities and Exchange Commission to go public via a direct listing, in which it won’t sell shares in an initial public offering but will instead just one day declare that it is […]
Former WorldQuant/Millennium veterans launch hedge fund in Hong Kong with $110m assets
(Opalesque) Matthias Knab, Opalesque for New Managers: Hong Kong based Disciplina Asset Management announced the launch of a new systematic Asian focused hedge fund. The fund, employing a quantitative equity market neutral strategy, aims to deliver high risk adjusted returns […]