Monthly Archives: January 2017
Beware the Hedge-Fund Wipeout in Treasuries as 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 […]
Goldman Rejects Indonesian Businessman’s $1.1 Billion Claim
(Reuters) Goldman Sachs has rejected allegations by an Indonesian businessman who is seeking $1.1 billion in damages from the U.S. bank for making what he called “unlawful” trades in the shares of a property firm… To read this article:
Hedges See Record High Assets, Value Strategies Beating Growth Funds
(Guru Focus) For the first time in years, value-oriented hedge funds are notching results higher than those of growth funds. As return results for 2016 roll in, several prominent funds have reported market-beating gains, but data from Hedge Fund Research […]
This Hedge Fund Bought $3 Billion of ABB Ltd Stock: Should You, Too?
(Fox Business) According to SEC filings, Swedish activist hedge fund Cevian Capital held more than 132 million shares of ABB Ltd. (NYSE: ABB) in September, worth around $3 billion at today’s pricing. That’s 6.2% of the of the utility, industrial […]
Ken Griffin’s $26 Billion Firm Has Made a Hire From a Struggling Hedge Fund
(The Business Insider) A struggling hedge fund has lost a portfolio manager to Ken Griffin’s $26 billion Citadel. The portfolio manager, Jennifer Pollak, is moving from Folger Hill Asset Management to a Citadel stock-picking unit, Aptigon Capital… To read this […]
2017 – Living in a Bimodal World
(Harvest) Most investors like to think of financial market risks as measured through a normal distribution. In reality, we know that it is not the case. However, how we incorporate and discuss fat-tails is not always clear. One thing that […]
7 Unusual Lessons from 20 Years of Investment Failures
(Harvest) He left H&T in 1994 for Optimist Capital where he ran a Merger Arb fund and honed his skills even further, then later at Alexander Miller which became Gold & Sons where he met Tyler Carson – a serendipitous […]
Boston-Area Hedge Fund Accused of Fraud, Misuse of Investors’ Money
(Reuters) A small Boston-area hedge fund operation on Wednesday was accused of running a Ponzi scheme that included spending investor money on liquor, luxury hotels and specialty cars, according to a complaint by the top securities regulator in Massachusetts.Alleged victims […]
Struggling Hedge Funds Still Expense Bonuses, Bar Tabs
(Reuters) Investors are starting to sour on the idea of reimbursing hedge funds for multi-million dollar trader bonuses, lavish marketing dinners and trophy office space. Powerful firms such as Citadel LLC and Millennium Management LLC charge clients for such costs […]
Financial Company Charged With Improper Accounting and Impeding Whistleblowers
(HedgeCo.Net) The Securities and Exchange Commission today announced that Seattle-based financial services company HomeStreet Inc. has agreed to pay a $500,000 penalty to settle charges that it conducted improper hedge accounting and later took steps to impede potential whistleblowers. HomeStreet’s […]
Ex-Visium Fund Manager Convicted of Fraud by Manhattan Jury
(Reuters) A former portfolio manager at Visium Asset Management LP was convicted of securities fraud on Thursday, following a trial that stemmed from a federal investigation that led to the New York-based hedge fund’s closure last year. Stefan Lumiere, whose […]
A Hot New Hedge Fund Expects ‘Hundreds Of Billions Of Dollars’ In Tech Deals
(The Business Insider) A hot new hedge fund says the tech industry is up for a wave of deals worth billions of dollars — and it is betting big on companies that could benefit… To read this article: