Monthly Archives: January 2019
Performing Global Macro Hedge Fund Sees More Shorts Opportunities Ahead as China Bursts
(Valuewalk) Crescat Global Macro Fund and Crescat Long/Short fund delivered strong returns for both December and full year 2018 in a difficult market. Based on Bloomberg reporting, Crescat had the number 1 and 2 performing US hedge funds in December […]
Is The Rally in Equities a Correction?
(The Technical Analyst)The S&P has rallied strongly since Boxing Day, rebounding from its most oversold extreme since 2011, but George Davis at RBC Capital Markets asks whether the rally is just a bear market correction. Looking at a Chart of […]
Barclay CTA Index gains 0.30% in December,
(Opalesque) The Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions, posted a 0.30% rate of return in December. For the year the index was down 2.85%. Equity market volatility contributed to a challenging year for many managed […]
Judgment Issued Against Former CEO in Transition Management Fraud Case
(HedgeCo.Net) A judgment has been issued against the former CEO of a brokerage consulting business who was charged for his role in a multimillion dollar transition management fraud. The SEC previously charged a brokerage consulting business known as GTS along […]
Stocks getting a bit frothy after move higher, could pause as more earnings roll out
(CNBC) Stocks have gotten a boost from optimismfor U.S.-China trade talks, but earnings could take a bigger role in the week ahead, when reports roll in from a diverse group of companies in tech, railroads, pharma, airlines and consumer products. […]
Gulfport Pledges Share Buybacks After Hedge Fund Demand
(Reuters) Natural gas and oil firm Gulfport Energy Corp said it would buy back $400 million of shares on Thursday, just hours after a public demand to that effect from hedge fund investor Firefly Value Partners. After the close of […]
Volatility Hedge Funds Hit by Market Woes in All Directions
(Bloomberg) Some of the nimblest hedge-funds that trade volatility are hoping history doesn’t repeat after suffering their worst year in over a decade. Managers famed for posting steady profits from relative-value strategies, which shuffle between long- and short-volatility bets, lost […]
New research points to poor understanding of blockchain amongst senior business execs
(Hedgeweek) New research amongst institutional investors from the Global Blockchain Business Council (GBBC) reveals that 63 per cent believe senior executives at large established businesses have a poor understanding of blockchain. To read this article:
MGM Hands Board Seat to Activist Hedge Fund Corvex’s Meister
(Reuters) MGM Resorts International has struck a deal with hedge fund Corvex Management’s founder, Keith Meister, to give him a board seat, one week after a rival activist investor was seen building a position in the casino operator. Corvex owns […]
Hedge Fund Brokwel Management Sues Venezuela for $20m Loans Default
(Times Online) A secretive hedge fund is suing the Venezuelan government for allegedly defaulting on more than $20m (£15.5m) of loans. Brokwel Management, which gives its address as a skyscraper in Panama, has filed a High Court claim in London […]
China’s Economic Growth Slowest Since 1990 Amid Trade War with US
(The Guardian) China’s economy grew 6.6% in 2018, its slowest pace in almost 30 years, confirming a slowdown in the world’s second largest economy that could threaten global growth. After years of breakneck expansion, the world’s second largest economy is […]
European Shares Stumble After Weak Chinese GDP Data
(Reuters) European shares slipped on Monday from six-week highs after China’s fourth-quarter growth figures confirmed a slowdown in the world’s second-biggest economy with 2018 its weakest year since 1990. The pan-European STOXX 600 fell 0.3 percent by 0930 GMT and […]