Monthly Archives: January 2016
Ex-Goldman Macro Trader Lim Reopens $1.1 Billion Hedge Fund
(Bloomberg) Guard Capital Management, the Hong Kong-based firm led by former Goldman Sachs Group Inc. trader Leland Lim, reopened its macro hedge fund to new investors this month after outperforming peers in 2015, said a person with knowledge of the […]
Morgan Stanley Just Made a Big Change ? And It Says Something About The Future Of Trading
(The Business Insider) Morgan Stanley has shaken up its trading business. The bank has put Sam Kellie-Smith, who used to run global equity trading, in charge of fixed income and commodities. One way to read this? In appointing a stocks […]
Oil Speculators Raise Bets on Falling Prices to All-Time High
(Bloomberg) Hedge funds increased bearish oil wagers to a record as global equities fell and Iran was poised to add to the crude supply glut.Oil dropped below $30 a barrel in New York for the first time in 12 years […]
Credit Suisse Index Not Down As Much As Others
New York (HedgeCo.net) – The December results for the Credit Suisse Hedge Fund index were released last week and the 2015 numbers for the index weren’t down as much as some other hedge fund indices. For the month of December, […]
This Giant Hedge Fund Bought More of its ‘Biggest Loser’
(The Business Insider) Viking Global, the $30 billion plus hedge fund led by Andreas Halvorsen, bought more Valeant Pharmaceuticals stock in the fourth quarter even after it dragged down the fund’s performance. Viking Global Equities had a strong 2015 overall, […]
Managing the Machine: How Hedge Fund Managers Can Monitor and Review Their Automated Trading Strategies
(Hedge Fund Law Report) Although many hedge fund managers and other firms using automated trading (AT) strategies have relied on generic policies to comply with applicable regulations, with the advent of initiatives such as the CFTC’s Notice of Proposed Rulemaking […]
Hedge Funds Get Reality Check From Iceland PM Bracing for Exit
(Bloomberg) Iceland’s prime minister expects hedge funds to pay their “fair share” as the country prepares to dismantle the final barriers to free capital flows.After releasing $17 billion in cash for creditors in its failed banks, the government is preparing […]
Here’s How The Best-performing Hedge Fund Of 2016 is Crushing it
(The Business Insider) A small group of hedge funds have been killing it amid the market chaos…Horseman Capital Management, the London-based hedge fund led by Russell Clark, is the best-performing hedge fund in 2016. Horseman Global, a $965 million fund […]
Hedge Fund Bets Signal There’s More Pain Ahead for Commodities
(Bloomberg) The commodity meltdown that pushed oil to a 12-year low and copper to the cheapest since 2009 isn’t over yet. At least, that’s how hedge funds see it. Money managers increased their combined net-bearish position across 18 raw materials […]
CFTC Obtains Almost $500 Million Award in a Madoff Feeder Case
(Bloomberg) A former Switzerland-based investment manager who put money into funds tied to Bernard Madoff’s fraud and blamed losses on the collapse of MF Global Holdings Ltd. is liable for almost $500 million in fines and restitution. To read this […]
Goldman Sachs to Shell Out $5B to End MBS Probes
(Law360.com) Goldman Sachs said Thursday it will pay $5.06 billion to end federal and state investigations in connection with the investment banking giant’s underwriting and sale of residential mortgage-backed securities from 2005 to 2007. To read this article:
Hedge Fund Octagon Returning Outside Money to Run Family Office
(Bloomberg) Octagon Capital Management Pte , a hedge-fund firm started by former Government of Singapore Investment Corp. executives, will return all client money in its two funds and convert to a family office, joining a rising number of managers going […]