Monthly Archives: January 2017
SEC Charges Government Contractor With Inadequate Controls and Books and Records Violations
(HedgeCo.Net) The Securities and Exchange Commission today announced that L3 Technologies Inc. (formerly known as L-3 Communications Holdings Inc.), a contractor for U.S. and various foreign government agencies, has agreed to pay a $1.6 million penalty to settle charges that […]
Trump Concerns Have Hedge Fund Investor Looking to China
(Bloomberg) As U.S. stocks rally on optimism Donald Trump’s presidency will be good for growth, hedge fund investor Ronnie Wu is looking on warily. Wu, who oversees $350 million at Penjing Asset Management Ltd. in Hong Kong, is concerned Trump’s […]
eVestment: Hedge Fund Aggregate Gains +5.34% in 2016 Despite Redemption Pressures
(FinAlternatives) All the major hedge fund segments tracked by eVestment ended 2016 in positive territory, driving the firm’s aggregate hedge fund metric to its best return since 2013 despite pervasive investor dissatisfaction that culled some $83 billion in redemptions from […]
Citco Launches Automated ILPA Fee Reporting Solution
(FinAlternatives) Global alternative assets services provider Citco has debuted a new automated system that will assist its private equity firm clients with various ILPA fee reporting requirements. To read this article:
A Wall Street startup backed by George Soros and Peter Thiel is in talks to do a big deal
(The Business Insider) Two Wall Street trading startups are in talks to combine forces.Electronifie, a bond-trading platform led by former Goldman Sachs trader Amar Kuchinad, is in exclusive talks to be acquired by TruMid, another trading startup backed by George […]
Client Disappointment in Hedge Funds Continues into 2017
(Investopedia) Although hedge fund returns are actually looking up (at least in comparison with the most recent years), firms and their management are nonetheless facing a growing client revolt. According to reporting by Bloomberg, hedge fund managers have continued to […]
Did Investors Miss the Boat on Hedge Funds in 2016?
(Harvest) For 2016, the hedge fund industry returned +5.34%, according to the just-released eVestment December and Year-End 2016 Hedge Fund Performance Report. This is a significant rebound following a -0.72% aggregate return in 2015, which set the stage for investors […]
Investment Adviser, Lawyer Settle Charges in Secret Referral Fee Scheme
(HedgeCo.Net) — The Securities and Exchange Commission today announced that a Connecticut-based investment adviser has agreed to admit wrongdoing and pay more than $575,000 to settle charges that he defrauded a client and then compounded his scheme by attempting to […]
Long-Short Hedge Funds Are Ditching the Shorts to Focus on Longs
(Bloomberg) What happens when you take the “short” out of a long-short trading strategy? Some hedge funds are about to find out. Equity long-short fund managers, the biggest category in hedge funds, hold the fewest bearish stock bets on record, […]
Quant Fund dormouse Slips -2.94% in December; Gains 13.98% For 2016
(FinAlternatives) Dr. Martin Coward’s quantitative investment manager dormouse suffered a rare stumble in December, losing -2.94% as the broader CTA segment remained under pressure. To read this article:
SEC Partly Rules for ‘Big Short’ Adviser but Orders Bigger Payment
(Reuters) The U.S. Securities and Exchange Commission has partially overturned a ruling finding an investment adviser featured in the best-seller “The Big Short” liable in a case stemming from the 2008-09 financial crisis, but it increased how much he owes. […]
Credit Hedge Fund Shorting China Junk Bonds as Risks Mount
(Bloomberg) Double Haven Capital (Hong Kong), a credit hedge-fund firm that profited last year as most of the industry struggled to make money, is betting against Chinese high-yield bonds as many investors are seeing risks mount in this part of […]