Monthly Archives: January 2019
Net sales of equity funds rebounded in November, says EFAMA
(Hedgeweek) UCITS and AIFs registered net outflows of EUR38 billion in November, compared to net inflows of EUR1 billion in October, according to the European Fund and Asset Management Association’ (EFAMA) latest Investment Fund Industry Fact Sheet. To read this […]
Hedge Funds Fired Up as Stock-Valuation Gap Hits Six-Year High
(Bloomberg) The widening gap between Europe’s cheapest and priciest companies is reviving hopes that beaten-up value shares can break their near decade-long laggard status — and even boost active investing along the way. Risk aversion and slowing economic momentum have […]
Hedge Funds Push for Overhaul at eBay
(Reuters) Hedge funds Elliott Management and Starboard Value have taken stakes in eBay Inc (EBAY.O) and are pushing for changes including the sale of some of the e-commerce company’s businesses. In a letter to the company’s board, Elliott asked eBay […]
Einhorn’s Greenlight Sells Some Positions, Covers Prominent Shorts
(Reuters) Hedge fund manager David Einhorn, whose Greenlight Capital suffered its worst year ever in 2018, told investors that he had made some changes to the portfolio, including selling Bayer (BAYGn.DE), Mylan (MYL.O)and Perrigo (PRGO.N) last year. Greenlight Capital also […]
Macro Hedge Fund Atreaus to Shut After Raising $2 Billion
(Bloomberg) Macro hedge fund Atreaus Capital is calling it quits, becoming the latest firm to succumb after years of poor performance. The hedge fund will shut its New York and London offices and stop trading in its main money pool, […]
Citadel Hires Goldman’s Marcheggiano to Beef up Macro Unit
(Reuters) Hedge fund Citadel has hired Gilberto Marcheggiano from Goldman Sachs Asset Management to join its global macro strategy team to help build a unit that takes financial positions based on forecasts about major macro events, sources told Reuters. Marcheggiano, […]
Hennessee: Hedge Funds Lost -2.27% in December
(Opalesque) Hennessee Group LLC announced today that the Hennessee Hedge Fund Index decreased -2.27% for the month (-2.15% YTD), while the S&P 500 was down -9.18% (-6.0% YTD), the Dow Jones Industrial Average decreased -8.66% (-6.18% YTD), and the NASDAQ […]
Currency Asset Management Doyen Gary Klopfenstein Strengthening QCAM’s International Market Growth Plans
(Opalesque) QCAM Currency Asset Management announced that Gary Klopfenstein will serve as a Senior Strategic Advisor to the company. In this role, Mr. Klopfenstein will advise QCAM on both business and trading strategies with a focus on expanding the firm’s […]
IMDDA Extends Period for First Global Designation Exam
(Opalesque) Faced with high demand, the Investment Management Due Diligence Association (IMDDA), an exclusive investor-based organization dedicated to the professionals who investigate facts concerning investment programs, announced that it has extended the global testing period for its first Chartered Due […]
Quant investment allocations to rise by 70 per cent in 2019
(Hedgeweek) LFIS, a USD14 billion Paris-based asset manager, has released the results of a new survey which highlights the continued influence and growth of quant investment strategies in Europe. To read this article:
Dow snaps 4-day winning streak as fears of an economic slowdown intensify
(CNBC) Stocks fell on Tuesday, the first trading day of the week, as weak data out of China and lower global growth estimates from the International Monetary Fund renewed fears of the global economy slowing down. The Dow Jones Industrial […]
Slowdown in Europe likely to favour bonds and export-oriented European equities in Q1 2019
(Hedgeweek) Slowing German output and lower inflation in the US and China will likely favour bonds over equities and export-oriented European equities over domestic-focused stocks in Q1 2019, according to an analysis by Kestrel Investment Partners (KIP), an independent global […]