Monthly Archives: January 2018
Mitt Romney Taps Key Hedge Fund Advisers For Potential Return to Politics – And Maybe Even The Presidency
(Fox Business) Former Republican presidential candidate Mitt Romney is reaching out to a couple of trusted advisers now working at his hedge fund, Solamere Capital, to build a campaign apparatus as he moves closer to running for a U.S. Senate […]
Hedge Fund AUM to Reach An All-Time High in 2018 For The 10th Year in a Row?
(Valuewalk) Strategies that will gain assets include: Quant – These strategies comprise multiple categories and have been responsible for a disproportional share of industry growth… Asia long/short equity – The IMF predicts that 2/3 of world growth will come from […]
Hedge Fund Performance Improved in 2017
(Cay Compass) The average hedge fund returned 7.27 percent through November of last year, almost doubling the performance of 2016, according to the Eurekahedge Hedge Fund Index. Comparable equity market benchmarks like the MSCI world equity index had a record […]
MiFID Shake-Up Gets Real as Wary Traders See Volumes Dry Up
(Bloomberg) After seven years of preparation, $2 billion in compliance costs and one false start, the biggest shake-up to European regulation in a decade is finally here. With so much at stake, investors are likely to sit on their hands […]
Jeff Altman’s Flagship Fund Jumps 21% on Distressed Bets
(Bloomberg) When Toys “R” Us caught credit traders off guard with its sudden plunge into bankruptcy, Jeff Altman locked in gains from the unraveling after betting against the retailer by stacking up credit-default swaps. It was one of a handful […]
Hedge Funds Head Into 2018 Record Short in Ags – Despite Hopes for Commodities Upturn
(Agrimoney) Hedge funds headed in 2018 record net short in agricultural commodities, clashing with ideas that the year could prove a strong one for raw materials as a whole, to judge by relative valuations, and economic and currency forecasts. Managed […]
Rosemont buys 20% of Martingale Asset Management
(Opalesque) Opalesque Industry Update: Rosemont Investment Partners, LLC, a specialist private investor in the asset and wealth management communities, is pleased to announce that it has made a 20% equity investment in Martingale Asset Management, L.P. as a Limited Partner. […]
Thiel’s Founders Fund Has Been Quietly Buying Bitcoin Since 2012
(Bloomberg) Bitcoin has gained global fame in the past year, but it’s been popular at Peter Thiel’s venture firm since at least 2012. Founders Fund, Thiel’s San Francisco-based firm known for early bets on SpaceX and Airbnb, has been purchasing […]
Credit rating agencies under Securities and Exchange Commission oversight show improved compliance
(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 […]
Gelband to Start Hedge Fund After Dispute With Millennium Ends
(Bloomberg) Michael Gelband, the former head of credit at Millennium Management, will start his long-anticipated hedge fund in the next six months after resolving a hiring dispute with billionaire Izzy Englander. To read this article:
Jeff Altman’s Flagship Fund Jumps 21% on Distressed Bets
(Bloomberg) When Toys “R” Us caught credit traders off guard with its sudden plunge into bankruptcy, Jeff Altman locked in gains from the unraveling after betting against the retailer by stacking up credit-default swaps. It was one of a handful […]
Steve Cohen Prepares Return With Help of Big Brother Oversight
(Bloomberg) Behind Steve Cohen’s hedge fund comeback is Big Brother. Inside what will be his Stamford Harbor Capital sits a command center in the middle of the trading floor. There, a 50-member compliance team is strategically positioned to listen in […]