Monthly Archives: January 2017
Castlewood Select Books Second Straight Double-Digit Year
(FINalternatives) Castlewood’s flagship Select Opportunity Fund logged a net +13.5% return in 2016, according to performance data seen by FINalternatives, its second consecutive year of double-digit gains. To read this article:
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 […]
Hedge Fund Viking Retools Stock Picking After Big Losses
(Reuters) Smarting from its biggest-ever yearly loss, hedge fund Viking Global Investors has reordered its stock picking team and plans to invest more money in financial and consumer stocks and less in pharmaceutical stocks, its co-founder told clients. The $30 […]
London’s Army of Compliance Staff to Save City’s Status Post-Brexit
(HITC Business) Bosses at HSBC and UBS said last week they could move thousands of staff out of London due to Brexit, triggering worries the UK could lose its dominance of the sector. However, City A.M. has been told London’s […]
Napier Park Global Capital Wins Prestigious Long-Term Award from EuroHedge
(HedgeCo.Net) Napier Park Global Capital, a global alternative asset management firm, announced today that its European Credit Opportunities Fund has been awarded the prestigious 2016 Long-Term Performance Award by EuroHedge. The Fund was also nominated for the annual Credit award […]
China Gives ‘Hedge Fund Brother No.1’ 5 1/2 Years in Prison
(Bloomberg) China sentenced former hedge fund manager Xu Xiang to five-and-a-half years imprisonment for market manipulation, in one of the most high-profile cases following the 2015 market rout, a court in the eastern city of Qingdao said in its official […]
SEC Establishes Supervisory Cooperation Arrangement With Hong Kong SFC
(HedgeCo.Net) The Securities and Exchange Commission today announced that it has established a comprehensive arrangement with the Hong Kong Securities and Futures Commission (SFC) as part of the SEC’s long-term strategy to enhance the oversight of regulated entities that operate […]
Maverick’s Ainslie Prepping For Greater Volatility Under Trump
(FinAlternatives) President Donald Trump’s policies and his penchant for unorthodox communications could result in greater uncertainty in equity markets and usher in an era of greater volatility, according to Maverick Capital CEO Lee Ainslie. To read this article:
BlackRock Taps Ex-U.K. Finance Minister Osborne For Advisory Role
(FinAlternatives) Global asset manager BlackRock has named former United Kingdom Chancellor of the Exchequer George Osborne as a senior adviser to its BlackRock Investment institute, a think tank for global investment and economic strategy. To read this article:
Leveraged Loans Heat Up As Investors Flock To Floating-Rate Assets
(FinAlternatives) Companies in the $875 billion leveraged loan market are taking advantage of huge investor demand for floating-rate assets in order to cut pricing on existing debt, striking while the iron is hot to slash their borrowing costs. To read […]
Secretive Hedge Fund Renaissance Picks Winner in Hot Japanese Tech Stock
(Bloomberg) V Technology Co., a small Japanese supplier to display makers, added a surprising new shareholder last June: Renaissance Technologies. For the secretive U.S. hedge fund started by Jim Simons, it turned out to be an especially savvy bet. Shares […]