Monthly Archives: January 2017
Investors Dig Hedge Funds. So Why Don’t Firms Start More?
(Bloomberg) Europe’s hedge fund industry may be facing a liquidity mismatch of a different kind.Investors in the region have been flocking to funds like Marshall Wace’s Liquid Alpha, a regulated hedge fund that increased assets almost 13-fold last year to […]
Kyle Bass Calls Trump ‘Gasoline’ on Smoldering Fire in China
(Bloomberg) Hedge fund manager Kyle Bass likened President Donald Trump’s trade and tax policies to gasoline — hastening an economic restructuring in China while stimulating capital investment and growth in the U.S. China has “recklessly built a system that’s going […]
World’s Biggest Wealth Fund Sits Out Liquidity Trap Others Fear
(Bloomberg) The world’s biggest sovereign wealth fund can afford to wait longer than you can. Trades made by Norway’s $890 billion Government Pension Fund Global can take an hour, or they can take as long as six months…. To read […]
Volatility in the Age of Trump
(Harvest) Many readers of our investor letters know that Trump’s victory was not a surprise to Artemis… as I observed with fascination how many of friends and family from my birth state of Michigan, most of whom voted for Obama […]
Dutch Regulator Accidentally Posts Soros’s Short Positions
(Bloomberg) Some of George Soros’s short positions dating back to 2012 were published on the Dutch financial market regulator’s website this week due to “human error,” according to the regulator AFM. The short positions, bets on a stock declining, were […]
Structured Portfolio Managers Alumni Form Nara Capital
(Reuters) A team of managers from fixed income hedge fund Structured Portfolio Managers are starting a new firm called Nara Capital Partners, co-founder Charles Smart said. Smart, who managed SPM’s Structured Servicing Holdings fund for the past six years, is […]
Joint AIMA/Preqin Study: Hedge Funds Outperformed Stocks And Bonds On Risk-Adjusted Basis Last Year
(FINalternatives) Hedge funds outperformed equities and bonds on a risk-adjusted basis last year and produced net gains for investors worth around $120 billion, according to a joint study produced by the Alternative Investment Management Association (AIMA) and data provider Preqin. […]
Morgan Stanley, Citigroup Charged With Misleading Investors About Forex Trading Program
(HedgeCo.Net) The Securities and Exchange Commission today announced that Morgan Stanley Smith Barney and Citigroup Global Markets have agreed to pay more than $2.96 million apiece to settle charges that they made false and misleading statements about a foreign exchange […]
Hedge Fund Leverage Moving Higher
(Valuewalk) December was a strong month for hedge funds, a JP Morgan Prime Brokerage report on global hedge fund trends reported. At the end of 2016, there was a decided trend among institutional investors to favor investment managers “that are […]
Trump’s Big Hedge Fund Backer Had A Huge Year With Largest Fund Up 21.5% In 2016
(Forbes) Robert Mercer, the co-chief executive of Renaissance Technologies, played a big role helping Donald Trump win the White House last year, but his efforts did not distract the world’s most elite hedge fund firm from making profits in financial […]
Hedge Funds Risk Treasuries Wipeout After Bearish Bets Soar
(Bloomberg) There’s a big showdown looming in the U.S. Treasury market. The “fast money,” made up of hedge funds and other speculators, upped its bearish bets like never before this month, based on futures data for five-year notes. At the […]
Fink to CEOs: Think ‘Long-Term’ in New Global Environment
(FINalternatives) BlackRock will look closely at how the large global companies in which its clients are shareholders plan to use any cash repatriated to the United States as part of President Trump’s tax reform, one of many elements in a […]