Monthly Archives: January 2017
Ariad’s $5.2 Billion Sale To Takeda Nets $260 Million Windfall For Hedge Fund
(Forbes) Takeda’s $5.2 billion takeover of Ariad Pharmaceuticals is turning into a major payday for a weighty but unheralded investor in the drug sector. Sarissa Capital, run by Carl Icahn protégé Alex Denner, stands to make $260 million on Monday’s […]
Hedge Funds Pull Out of Ag Selling – Ahead of Index Fund Purchases
(Agrimoney) Hedge funds entered 2017 in a more bullish spirit, pulling out of selldowns in the likes of corn and most soft commodities, as the index fund reweighting process, expected to bring buying to most contracts, approached. Managed money, a […]
Hedge Funds Aren’t Buying into Gold Price Rally
(Mining.com) Gold jumped to a five-week high on Monday as bullion bulls made the most of sputtering stock markets and a weaker US dollar.Gold for delivery in February, the most active contract on the Comex market in New York, hit […]
Hintze’s Hedge Fund Said to Surge 30% in Best Year Since 2012
(Bloomberg) CQS Investment Management’s main hedge fund gained 30.4 percent in 2016, its best annual return since 2012, according to two people with knowledge of the matter. The $2.8 billion CQS Directional Opportunities Fund, managed by billionaire Michael Hintze, was […]
SEC Awards $5.5 Million to Whistleblower
(HedgeCo.Net) The Securities and Exchange Commission today announced an award of more than $5.5 million to a whistleblower who provided critical information that helped the SEC uncover an ongoing scheme. According to the SEC’s order, the whistleblower was employed at […]
Ex-Visium Hedge Fund Manager to Face Trial on U.S. Fraud Charges
(Reuters) A former portfolio manager at Visium Asset Management LP is scheduled to face trial on U.S. charges stemming from an investigation that led to the New York-based hedge fund’s closure last year.Jury selection is set to begin on Wednesday […]
HFRU Composite Index Gains 1.02% in Strong December For Equity, Macro UCITS Funds
(FinAlternatives) The HFRU Hedge Fund Composite Index, which measures UCITS compliant hedge funds, gained +1.02% in December and 0.82% for the year, according to an update from Hedge Fund Research. To read this article:
It’s Time to Ignore Advice About Which Stocks to Buy in 2017
(NY Times) Before you take them up on their suggestions, let’s look at how well such portfolios did in 2016. The portfolios of stocks they were telling you to buy generally did much worse than the stock market over all. […]
BofAML: ‘Bonds Are Back’, But Probably Only Temporarily
(FinAlternatives) Investors poured $6.3 billion back into bond funds last week, the largest inflows into the sector in the last three months, but the reversal in sentiment may be a fleeting one, according to Bank of America Merrill Lynch. To […]
The Beginning Of The End Of Hedge Funds As We’ve Known Them?
(Harvest) So proclaimed Bloomberg in an interesting column about investors losing interest in hedge funds due to poor performance, or perceived poor performance, and high fees. I won’t defend the fees but will point out that fewer and fewer hedge […]
December Jobs Report: Show Me The Money
(Harvest) Another decent labor report in December, with the U.S. economy adding 156k jobs in the month, a bit below its recent trend, but still well above what is needed to keep up with growth in the labor force. The […]
Blackrock: A ‘Contrarian’ Way To Profit In 2017? Buy ‘Undervalued’ Europe
(CNBC) A major Wall Street firm is encouraging investors to start looking for opportunities in Europe, even as uncertainty surrounding Brexit and upcoming elections in the region linger. BlackRock, which formally upgraded its rating on European assets to neutral from […]