Monthly Archives: January 2017
Rokos Hedge Fund Said to Gain 20% in First Full Year of Trading
(Bloomberg) Chris Rokos’s hedge fund gained about 20 percent in 2016, its first full year of trading, to become one of the world’s best performing money pools betting on economic trends, according to people with knowledge of the matter. About […]
Distressed Debt Hedge Funds Were Best Performing Strategy For 2016
(Valuewalk) Hedge funds gained 1.01% during the month of December, with 2016 returns coming in at 4.48%. Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) gained 2.38% in December with its 2016 returns coming in at […]
Goldman Makes Play for Quant Funds in Electronic Trading Reboot
(Bloomberg) Goldman Sachs Group Inc., once a skeptic of speed for its own sake in equity markets, is doubling down on automated trading. Long a leading destination for hedge funds where humans pick what to trade, Goldman Sachs hasn’t fared […]
Gundlach Reiterates ‘Trouble For Equities’ Should 10Y Yields Crest 3%
(FinAlternatives) DoubleLine’s Jeff Gundlach warned again Tuesday of “trouble for equity markets” should the yield on the benchmark 10-year U.S. Treasury note rise above 3%. To read this article:
SEC Charges Two Brokers With Defrauding Customers
(HedgeCo.Net) The Securities and Exchange Commission today charged two New York-based brokers with fraudulently using an in-and-out trading strategy that was unsuitable for customers in order to generate hefty commissions for themselves. The SEC’s complaint alleges that Gregory T. Dean […]
NYHFR: Alternative Investment Industry Weighs in on SWFs, Heightened Regulatory Environment
(FinAlternatives) The amount of assets under management by sovereign wealth funds will continue to rise, according to a recent survey of New York Hedge Fund Roundtable members, while the majority of members are more afraid of cyber security hacks than […]
Axiom Asia Private Capital Raises $1B For Fourth Asia-Pacific Fund of Funds
(FinAlternatives) Axiom Asia Private Capital has raised more than $1 billion in capital commitments for its fourth fund, exceeding its target of $750 million. To read this article:
BlackRock’s Robot Stock-Pickers Post Record Losses
(Bloomberg) Like so many fund titans these days, Laurence D. Fink is betting on machines to turn around BlackRock Inc.’s beleaguered stock-picking business. Trouble is, they just might have made things worse… To read this article:
Blackstone looks to buy another division of GE
(New York Post) Stephen Schwarzman’s Blackstone Group is in the running to buy its second major division from GE in roughly two years….Blackstone is in the final round of the auction to buy GE Water, the division that filters fracking […]
Texas Hedge Fund Shares a Must Read Investor Letter
(Harvest) The Partnership generated a net return of +8.6% in 4Q16 and +23.0% in its first 10 months while holding an average cash balance of ~35%. To read this article:
$53 Billion Fund in Norway Offers ‘Scared of Everything’ Model
(Bloomberg) The biggest Norwegian pension fund always fears the worst outcome. And it’s a strategy that’s paying off. With interest rates still close to historic lows and a series of global political shocks upending many investment strategies, Norway’s biggest life […]
Soros-Backed Fund Glen Point Loses in First Trading Year
(Bloomberg) Glen Point Capital, one of last year’s biggest European hedge-fund startups after raising almost $2 billion, lost 4.1 percent in 2016, according to an investor letter. The macro hedge fund shed 5 percent in November….. The London-based fund, which […]