Monthly Archives: January 2019
Hennessee: Hedge funds lost -0.34% in November
(Opalesque) Hennessee Group LLC announced today that the Hennessee Hedge Fund Index decreased -0.34% for the month (+0.13% YTD), while the S&P 500 was up +1.80% (+3.50% YTD), the Dow Jones Industrial Average increased +1.7% (+2.71% YTD), and the NASDAQ […]
Jana Liquidates Two Hedge Funds, to Focus Only on Activism
(Reuters) Jana Partners LLC, founded by Barry Rosenstein, is shutting down two stock-picking hedge funds following losses and will focus instead on its main strategy of investing in a handful of companies and pushing management to improve their performance. The […]
Waypoint Seeking to Start One of Canada’s Largest Hedge Funds
(Bloomberg) A Canadian investment firm that crushed the returns of its peers last year is looking to raise C$500 million ($377 million) for what would be one of the country’s largest hedge funds. To read this article:
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. Throughout the year, the global hedge fund industry saw performance-based losses and […]
Wounded Hedge Fund Titan Crispin Odey Isn’t Celebrating His Roaring Comeback
(Bloomberg) Considering he just pulled off a stunning turnaround, Crispin Odey sounded unusually restrained. His main fund gained 53 percent last year as his predictions of doom finally panned out and global equity markets plunged into chaos. To read this […]
Hedge Fund Use of Private Exit Polls Attracts City Watchdog
(The Guardian) The City watchdog is considering fresh guidelines around the sale of private polling data to hedge funds looking to profit from major political events such as Brexit. To read this article:
Investors grow wary as market risks rise
(Opalesque) Bailey McCann, Opalesque New York: Hedge fund investors are growing more concerned over slower economic growth in the year ahead, according to the results of a survey published today by BarclayHedge and Markov Processes International (MPI). To read this […]
A Larry Fink Protege Ascends as BlackRock Grapples With Growth
(Bloomberg) Mark Wiedman arrived at BlackRock Inc. 15 years ago a newcomer to the asset management industry. From his start in an advisory arm of the company, Wiedman ascended to lead one of its most valuable businesses: the exchange-traded funds […]
JPMorgan to Boost Bonus Pool for Stock Traders, Bankers
(Bloomberg) JPMorgan Chase & Co. plans to increase annual bonuses at its corporate and investment bank, as a growing number of Wall Street firms share proceeds from a busy year, according to a person briefed on the decision. Average percentage […]
Morgan Stanley says Investors should ’embrace’ a recession and watch for retest of market lows
(CNBC) Morgan Stanley equity strategists believe the stock market priced in an earnings recession when it plunged to December’s low, and it is very likely to retest that level. But the strategists, led by Mike Wilson, also say in a […]
SEC Charges Audit Firm and Suspends Accountants for Deficient Audits
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against national audit firm Crowe LLP, two of its partners, and two partners of a now-defunct audit firm for their significant failures in audits of Corporate Resource Services Inc., which went […]
Gannett gets hostile bid from hedge fund-backed MNG
(Reuters) – Newspaper chain MNG Enterprises Inc (MNGE.PK), controlled by secretive hedge fund Alden Global Capital LLC, on Monday offered to buy Gannett Co Inc (GCI.N) in a $1.36 billion deal to add the USA Today and scores of other […]