Monthly Archives: January 2017
Betting on Nordic Rain Pays Better Than Your Average Hedge Fund
(Bloomberg) Getting the weather right was key to Nordic electricity investment companies posting bigger returns than most hedge funds last year. Nordic Power Trading in Kolding, Denmark, led gains with a 15 percent return, followed by Shepherd Energy Portfolio in […]
Ex-Dreamworks Boss Raises Almost $600m for Investment Startup
(New York Post) Jeffrey Katzenberg is not a fan of vowels. The former Tinseltown studio boss is starting an investment fund called WndrCo LLC, according to a Securities and Exchange Commission filing on Thursday. The 66-year-old entertainment-sector heavyweight has already […]
Humbled Ackman Plays Coy About Two Behemoth Buys
(New York Post) Embattled hedgie Bill Ackman dropped some hints Thursday about his two latest investments — but didn’t go so far as to name names. The Pershing Square founder invested roughly $436 million, or 4 percent of his fund’s […]
Bankers Who Jilted Jefferies Said Facing $10 Million Breakup Fee
(Bloomberg) Five Credit Suisse Group AG bankers who reneged on agreements to join Jefferies Group LLC this month could face demands that they pay more than $10 million to their scorned suitor….The bankers signed contracts with Jefferies that left some […]
The Day Harvard Stopped Being a Hedge Fund
(Bloomberg) After losing $2 billion last year while markets mostly moved higher, Harvard Management Co. announced big changes in the way it oversees the world’s largest university endowment. Kicking off the new era, it is getting rid of half of […]
Tough Times,’ but Rise Capital Bets on Latin American Start-Ups
(New York Times) With a change of administration in the United States ushering in uncertainty, this may be an unusual time for an American investment firm to bet on emerging markets. Yet San Francisco-based Rise Capital, founded by Nazar Yasin, […]
The Elusive VIX Hedge
(Harvest) Last week I got an email solicitation about a mutual fund I had never heard of that seemed to have an interesting idea for a strategy. All advisors get inundated with these emails, I think what caught my eye […]
Is the US Credit Cycle Nearing Its End?
(Harvest) The US credit cycle is entering its ninth year. That doesn’t mean it will end tomorrow. But it will end—and possibly sooner than markets think. Fortunately, there are ways to de-risk and maintain exposure to high-income assets. To read […]
Inflation Comes Skulking Back
(Harvest) Like the proverbial frog that does not notice the rise in water temperature until it’s too late, investors seem to be experiencing a similarly stealthy rise in inflation. Changes in headline inflation measures suggest a gentle firming in prices. […]
Two Former Executives At Och-Ziff Capital Management Group Charged in Bribery Scheme
(HedgeCo.Net) The Securities and Exchange Commission today charged two former executives at Och-Ziff Capital Management Group with being the driving forces behind a far-reaching bribery scheme that violated the Foreign Corrupt Practices Act (FCPA).Och-Ziff and two other executives previously settled […]
SEC Uncovers Cherry-Picking Scheme, Charges Investment Adviser Behind It
(HedgeCo.Net) The Securities and Exchange Commission today announced that a Massachusetts-based investment adviser agreed to be banned from the securities industry after the agency uncovered an illegal cherry-picking scheme through its data analysis used to detect suspicious trading patterns. The […]
The Sectors Hedge Funds Are Most Bullish And Bearish On To Start 2017
(Benzenga) Keeping tabs on the stocks and sectors that hedge funds are buying and selling can provide solid guidence on where the smart money is headed. In order to get the answer to that question, Benzinga caught up with Lex […]