Monthly Archives: January 2017
Mediatrix Capital Fund Ltd. Launches as Bloomberg-listed Hedge Fund
(HedgeCo.NET) Mediatrix Capital Fund Ltd. launched today as a Bloomberg-listed (Bloomberg Ticker: MCFCLAA BM) , closed-end hedge fund administered by Sterling Fund Services, audited by KPMG, and domiciled in the Bahamas. Parent company Mediatrix Capital will raise $1 billion in […]
The Asset-Liability Mismatch for Money Managers
(FINalternatives) Illiquid assets have grown immensely as an asset class, but the process of selling them – especially in the midst of large market dislocations – remains neither easy nor straightforward, explains Jeff Hammer and Paul Sanabria of Houlihan Lokey. […]
China’s Cotton Demand Sparks Near-Record Bull Bet for Hedge Funds
(Yahoo) China’s voracious demand for cotton is sparking the fiber’s best rally in six months. Chinese buyers have committed to purchasing almost five times more American cotton than at this time last year, the U.S. government said in a report […]
Ex-Jefferies Bond Trader Convicted Of One Fraud Charge, Acquitted Of Nine
(FINalternatives) Former Jefferies Group bond trader Jesse Litvak has been found guilty for a second time for defrauding customers on bond prices, but acquitted on nine of the 10 counts he faced in a closely-watched federal trial about how traders […]
Paul Singer’s Elliott: ‘8 Years of Growth-Repressive and Distorted Fiscal and Monetary Policies’ are Coming to an End
(The Business Insider) Elliott Management, the $31.6 billion New York hedge fund run by Paul Singer, sees a major change coming to the financial markets as a result of President Donald Trump’s election. It’s just too soon to know exactly […]
Elliott Sells Stake in Meggitt After Failing to Find Buyer
(The Telegraph) American hedge fund Elliott has quietly sold down its stake in British aerospace supplier Meggitt after struggling to engineer a bid for the £3.3bn company. The US activist investor revealed in August it had built a 5.2pc holding […]
Year-Over-Year “Expected” Growth Now +8%
(Harvest) Long-time readers know this blog tracks the the year-over-year growth rate of the forward SP 500 estimate, which dollar estimate is given weekly by Thomson Reuters I/B/E/S, “This Week in Earnings.” To read this article:
Updating the Sector Calls
(Harvest) The real disappointment has been Energy since it was almost exactly one year ago that the price of crude oil dropped to $28 per barrel, which means that we’ve seen a roughly 90% – 100% increase in the price […]
To Adjust or Not Adjust Volatility for Momentum Strategies
(Harvest) Risk management has taken the money management business by storm. If you run money, you have to say that you control volatility and manage the risk. It is the equivalent of saying, “I love my mother and apple pie.” […]
Hedge Funds Strike Paydirt on Actelion Deal After Tracking J&J’s Jet
(Bloomberg) Burned by failed deals, poor returns and client withdrawals, hedge fund managers needed a home run.With each passing day last week, as a Johnson & Johnson corporate jet remained mostly parked a short drive from Actelion Ltd. headquarters near […]
Preqin: Asia-Focused PE Fundraising Falters For Second Straight Year In 2016
(FINalternatives) Asian-focused private equity fundraising faltered last year, as buyout, growth and venture capital all saw fewer funds closed and less capital raised for the second straight year, according to new research from alternatives industry data provider Preqin. To read […]
Startup LendingRobot Launches Automated Hedge Fund Investing in Loans
(Reuters) Seattle-based financial technology startup LendingRobot is launching an automated hedge fund that will invest exclusively in loans originated on peer-to-peer (P2P) lending platforms, the company said on Thursday. Similarly to online investment startups known as “robo-advisors,” the new fund […]