Monthly Archives: January 2019
Investors Punish Poorly Performing Hedge Funds by Pulling Billions
(Reuters) Hedge funds suffered their worst quarterly outflows in two years when investors pulled $23 billion from the industry during the last three months of 2018, new data released on Friday show. In total, investors asked for $34 billion back […]
Hedge Fund Can Give Olympus a Clearer Focus
(Bloomberg) Given its history of controversy, the camera and medical-device maker’s embrace of ValueAct is encouraging. Can you teach an old dog new tricks? Olympus Corp. investors appear willing to bet so. Shares of the camera and medical-device maker, which […]
BNY Mellon to Pay More Than $54 Million for Improper Handling of ADRs
(HedgeCo.Net) The Bank of New York Mellon will pay more than $54 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of a foreign company – require a […]
Hedge fund aggregate down 3.85% in 2018 but 8.6% of funds post double digit returns
(Opalesque) The Eurekahedge Hedge Fund Index was down 3.85% in 2018, after five consecutive months of losses. It ended the month of December down 1.31%. According to Eurekahedge Report, concerns over the US treasuries yield curve inversion and further Fed […]
Volatility driving new opportunities for certain hedge fund strategies
(Opalesque) After the lowest equity market volatility in 100 years, financial markets are undergoing a regime change to a new, higher volatility norm, helping generate trading opportunities for certain hedge fund strategies as the relationship among stocks, rates and credit […]
Barclay Hedge Fund Index down 2.61 per cent in December
(Hedgeweek) Hedge funds dipped 2.61 per cent in December, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The loss was less significant, however, than that of the S&P 500 Total Return Index, which dropped 9.03 per cent in […]
Hedge funds down 3.85 per cent in 2018
(Hedgeweek) The Eurekahedge Hedge Fund Index was down 3.85 per cent in 2018, outperforming the MSCI AC World Index (Local) which declined 10.18 per cent over the year. To read this article:
BlackRock’s Assets Slip Under $6 Trillion After Market Turmoil
(Bloomberg) The brutal stock market took its toll on BlackRock Inc. in the fourth quarter as institutions withdrew money from the firm, pushing assets down from their record level. To read this article:
Larry Fink Likens Hedge Fund Selloff Last Quarter to ‘Mini-2008’
(Bloomberg) Larry Fink, chief executive officer of BlackRock Inc., said the selloff by hedge funds during the fourth quarter was somewhat akin to what happened during the financial crisis. “What we saw in the fourth quarter was huge deleveraging by […]
Odey Hedge-Fund Partner Orlando Montagu is Leaving to Run Sandwich Business
(Bloomberg) Orlando Montagu, a partner at Crispin Odey’s hedge-fund firm, is leaving to focus on his family’s famous invention, the sandwich. Montagu is a direct descendant of the 4th Earl of Sandwich, who was credited with inventing the snack in […]
Farallon Close to Buying Odebrecht Toll Road Operator
(Reuters) U.S. hedge fund Farallon Capital Management LLC is close to reaching a deal to buy a controlling stake in a toll road operator owned by Brazilian conglomerate Odebrecht SA [ODBES.UL] for about 1.5 billion reais ($403.58 million), a Brazilian […]
‘Not Fun Any More,’ Says Ex-BofA Prop Trader Shutting Hedge Fund
(Bloomberg) Srinivas Dhulipala helped Bank of America Corp. wager its own money on credit through the global financial crisis. Before that, he handled complex trades at Morgan Stanley, focusing on risky Latin American debt. But the pain of running a […]