Monthly Archives: January 2019
Cyprus Loses Luster as Mediterranean Haven for Russian Biz
(Bloomberg) For Russian businesses, Cyprus just isn’t what it used to be. New Cypriot anti-money laundering rules are compounding the effects of U.S. sanctions against Russia and its high-profile citizens, driving money away from the one-time haven. “Russians are downsizing […]
Tiger Global’s Top Hedge Fund Jumped 14% in 2018
(Bloomberg) Tiger Global Management gained almost 14 percent last year in its flagship hedge fund, placing it among a handful of standout performers in a rough year for the industry. Chase Coleman’s long-short hedge fund, which manages $8.5 billion, rose […]
Hedge Fund Tycoon Robert Mercer’s Sheriff’s Badge Has Been Revoked
(Bloomberg) The New York hedge fund magnate and conservative donor had his status as a volunteer deputy sheriff revoked by Yuma County, Colorado, Sheriff Chad Day on Monday, his last day in office. Day lost his re-election bid last year […]
Luby’s Calls Hedge Fund’s Nominees Unqualified as Contest Heats up
(Reuters) Luby’s Inc on Tuesday hit back at criticisms from a long-time investor that wants to shake up the casual dining chain’s board by questioning the qualifications of the hedge fund’s director nominees. The Texas-based restaurant company, which owns hamburger […]
Stocks gain under the ‘first five days’ rule, setting up for a good 2019 performance
(CNBC) When stocks bounce at the beginning of the year, history shows the market is more often up than down at year-end. Therefore, this year’s early January performance could be a good omen. Stocks finished Tuesday with a gain, with […]
JPMorgan to Pay More Than $135 Million for Improper Handling of ADRs
(HedgeCo.Net) The Securities and Exchange Commission has announced that JPMorgan Chase Bank N.A. will pay more than $135 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of […]
Top hedge fund industry trends for 2019
(HedgeCo.Net) The hedge fund industry is dynamic, and participants are best served by anticipating, rather than reacting to, change. Informed by our contact with more than two thousand institutional investors and hundreds of hedge fund organizations, the following is Agecroft’s […]
Hedge Funds Squeak by S&P 500, Topping the Benchmark
(CNBC) While a 4 percent loss in 2018 is mediocre, it was the first time hedge funds beat the S&P 500 in a decade. Hedge funds narrowly outperformed the market last year, posting a 4.07 percent annual loss versus the […]
December was worst month for fund flows since October 2016, says Calastone
(Hedgeweek) High volatility in global markets kept investors away in December, according to the latest Fund Flow Index (FFI) from global funds transaction network Calastone. Investor sentiment remained cautious following continued macroeconomic and political uncertainty. To read this article:
Year-end volatility hits L/S Equity again, says Lyxor
(Hedgeweek) The end of the year remained challenging for L/S Equity, suffering in sympathy with plunging equity markets, according to the first Weekly Brief of 2019 from Lyxor’s Cross Asset Research team. L/S Credit strategies were also caught up by […]
Citadel Hedge Fund Gains 9% in Strong Multi-Strategy Year
(Bloomberg) Big multi-strategy hedge funds found a way to make money in a tumultuous year when so many other firms floundered. Ken Griffin’s Citadel, which runs more than $30 billion, rose 9.1 percent in its flagship Wellington hedge fund last […]
EFAMA and AMIC publish joint report on liquidity stress tests in investment funds
(Hedgeweek) The European Fund and Asset Management Association (EFAMA) and the International Capital Market Association’s Asset Management and Investors Council (ICMA’s AMIC) have published a joint report on Liquidity Stress Testing (LST) in investment funds. To read this article: