Monthly Archives: January 2016
Hedge Fund Billionaire Steve Cohen Can Manage Money in 2018: SEC
(Fox Business) Hedge fund honcho Steven A. Cohen is on the comeback trail. On Friday the Securities and Exchange Commission disclosed that Cohen can return to supervising funds that manage outside money in 2018. The concession is part of a […]
Hedge Funds Stars Join Losers’ Club For First Time
(Reuters) An elite group of hedge fund managers must have awakened on Jan. 1 with an unusual type of hangover: their first annual loss.Large funds managed by King Street Capital Management, CQS, Pine River Capital Management, Metacapital Management, DW Partners […]
Hedge fund Conatus Capital revamps management
(Reuters) Conatus Capital Management, David Stemerman’s $2 billion hedge fund firm, has revamped its top management after the departure of its president, Kevin Burke.Burke left at the end of 2015, according to people familiar with the situation, a year when […]
Goldman Sachs Strategists See U.S. Bull Market in Last Innings
(Bloomberg) U.S. stocks are nearing the end of a long bull market, according to investment strategists at Goldman Sachs Group Inc. who cater to the bank’s wealthy individual clients. “We expect a few more innings and are cautiously optimistic,” according […]
Windhaven Founder Stephen Cucchiaro Starts Macro Hedge Fund
(Bloomberg) Stephen Cucchiaro, who helped build Windhaven Investment Management into a more than $19 billion asset manager, has started a firm that runs a macro hedge fund.3EDGE Asset Management, which began this month, seeks to identify the impact of factors […]
Crispin Odey and His Fund are Off to a Fast Start in 2016
New York (HedgeCo.net) – Crispin Odey, like many other fund managers, had a tough time in 2015 and his Odey European fund lost 12.8% last year. But according to a recent article from eFinancialNews, Odey is off to fast start […]
Harmonic Capital Co-Founders to Leave $1.9 Billion Macro Hedge Fund
(Reuters) The founding partners of London-based $1.9 billion hedge fund firm Harmonic Capital Partners are set to leave in July, a spokeswoman at the firm told Reuters.Co-founders David Pendlebury and Richard Conyers set up Harmonic in 2002 after leaving rival […]
US ‘Hedge Fund King’ Banned By Regulators
(SKY News) Securities regulators in the US have banned hedge fund manager Steve Cohen from managing other people’s money until 2018. Picasso-collector Cohen, who is believed to be worth over £8bn, has entered a deal with the Securities and Exchange […]
Hedge Funds’ Record Bearish Grain Bet Spurs Ideas of Price Bounce
(Agrimoney.com) Hedge funds started 2016 by taking their most bearish position ever on grains – provoking ideas of a wave of covering of short positions which would leave many speculators facing early-year losses.Managed money, a proxy for speculators, lifted its […]
UK Regulator in Spotlight as Insider Trading Case Begins
(Financial Times) Five defendants will appear in the dock on Monday morning to face insider-trading charges in what is the UK’s largest and most complex case of its kind. It has taken more than eight years to get to this […]
Hedge Funds Greet 2016 by Cutting Bullish Oil Bets to 5-Year Low
(Bloomberg) Money managers began the new year by reducing wagers on rising oil prices to the lowest level in more than five years. Oil tumbled in the first days of 2016 as a global glut outweighed an increase in tension […]
Goldman Issues Outlooks for Stocks, Hedge Funds, High-Yield Debt
New York (HedgeCo.net) – Investment strategists at Goldman Sachs that advise the bank’s wealthiest individual clients issued outlooks for stocks, hedge funds and high-yield debt in their 2016 outlook report and their expectations might surprise you. Bloomberg recently published an […]