Monthly Archives: January 2016
Nevsky to Shut Its $1.5 Billion Hedge Fund After 15 Years
(Bloomberg) Nevsky Capital’s $1.5 billion hedge fund is shutting down and returning money to investors as the emergence of computer-driven trading strategies and index funds diminish money-making opportunities.The London-based firm managed by Martin Taylor and Nick Barnes makes bets on […]
Hedge Funds Lose Millions As Argos Owner’s Shares Rise 41%
(The Guardian) A collection of hedge funds have lost more than £30m in a single afternoon after shares in Home Retail Group, the owner of Argos and Homebase, rose on the news that Sainsbury’s had made a takeover approach.Hedge funds […]
Coutts Challenges Bond Bears As Hedge Funds Bet On 10-year Notes
(Bloomberg) Coutts & Co., the 300-year-old bank for the wealthy, is challenging the consensus by saying now is not the time to be bearish on Treasuries.“We wouldn’t look for very much in the way of rate hikes” from the Federal […]
George Soros’ protégé just nailed one of the biggest hedge fund launches ever
(Business Insider) Scott Bessent, who had been managing George Soros’ $30 billion fortune for the past four years, officially launched his own hedge fund this week with $2 billion in assets, Bloomberg News reports. Bessent’s Key Square Group, a global […]
A hedge fund has laid out why it is closing — and it is enough to chill investors everywhere
(Business Insider) After 15 years, Nevsky Capital, a London-based global long/short equity hedge fund led by Martin Taylor and Nick Barnes, is shutting down, according to an investor letter posted by ZeroHedge. The fund isn’t closing because of bad performance. […]
Journal Article Exposes Secondary Level of Research for Hedge Funds
New York (HedgeCo.net) – One man and his company work as consultants to Steven Cohen’s SAC Capital, Daniel Loeb’s Third Point LLC, Richard Perry’s Perry Capital as well as European hedge fund giant Brevan Howard Asset management, and until a […]
Ackman and Einhorn Both Divulge 20% Losses for the Year
New York (HedgeCo.net) – 2015 is in the rearview mirror now and for two of the hedge fund industry’s more prominent names, that view is a welcome sight. Bill Ackman and his fund Pershing Square and David Einhorn and his […]
China Regulators Flood Markets with Cash
(CNBC) Chinese authorities Tuesday flooded the banking system with the largest cash injection since September, likely helping soothe equity markets a day after a stock rout that rocked global financial markets. The People’s Bank ofChina (PBOC) injected 130 billion yuan […]
Four Reasons Hedge Fund Closures Are Going To Hit ‘An All-Time High’
(The Business Insider) According to Don Steinbrugge, a managing partner of the Richmond, Virginia-based Agecroft Partners, a marketing and consulting firm for the hedge fund industry, the hedge fund closings will be driven by four key factors:1. The increase in […]
KYLE BASS: There’s a ‘massive opportunity’ in energy
(Business Insider) Texan hedge fund manager J. Kyle Bass, founder of the $1.6 billion Dallas-based Hayman Capital, says there’s a “massive opportunity in energy.”Like many investors last year, Bass had been predicting a rebound in oil prices in 2015. That […]
Hedge Funds Are Shuttered as Investors Go With Europe’s Big Guns
(Bloomberg) For smaller hedge funds and startups, Europe wasn’t the place to be in 2015 as mounting costs and shrinking fees prompted the industry to contract in the region for the first time in at least 15 years.While money flowed […]
Hedge Funds May Be Challenging Riksbank on Krona, SEB Says
(Bloomberg) Hedge funds may be gearing up to place bets against the Swedish central bank’s efforts to halt gains in the krona, according to SEB AB. It must be “a concern” that the krona has only weakened to about 9.21 […]