Monthly Archives: January 2019
Hedge Funds That Returned 20% Show All Is Not Lost
(Bloomberg) As the dust settles on a troubled year for hedge funds, some managers escaped the wreckage and even thrived. SoMa Equity Partners, a $1.2 billion long-short equity fund, rose about 20 percent in 2018, according to an investor document […]
Hedge Fund Sylebra’s Bearish Bets Pay Off Amid Tech Rout
(Bloomberg) A technology hedge fund led by a former Coatue Management LLC partner had its bearish bets vindicated last month amid an industry rout that toppled shares of firms from Alibaba Group Holding Ltd. to Amazon.com Inc. Sylebra Capital Management’s […]
SEC Settles Charges with Previously Barred N.Y. Adviser
(HedgeCo.Net) The Securities and Exchange Commission has agreed to resolve its claims against Walter F. Grenda, Jr., who was charged with violating a July 2015 Commission order barring him from association with an investment adviser and with aiding and abetting […]
‘Don’t stop believin’ in this bull market, PNC says
(CNBC) PNC Financial sees a sustainable relief rally taking shape.According to co-chief investment strategist Amanda Agati, market players who give up on the bull market will get hurt. “It can be very painful to miss out or get too bearish […]
PEGAS closes 2018 with strong spot volumes in December
(Hedgeweek) PEGAS, The pan-European gas trading platform operated by Powernext, has reported another strong month of trading on its spot segment with 95.4 TWh in December 2018. To read this article:
Nasdaq launches US Corporate Bond Exchange
(Hedgeweek) Nasdaq has launched a Corporate Bond exchange for listing and trading of corporate bonds which was approved by the Securities and Exchange Commission (SEC) on 13 November 2018. To read this article:
Hedge fund D.E. Shaw’s flagship fund posts double-digit returns
(Reuters) – Hedge fund D.E. Shaw’s flagship Composite Fund returned 11.2 percent last year, according to a person familiar with the numbers. D.E. Shaw, which oversees roughly $50 billion, is one of a handful of firms to report double digit […]
Sears Preps for Liquidation as ESL Bid Fails
(Fortune)The retailer started laying the groundwork for a liquidation after meetings Friday in which its advisers weighed the merits of a $4.4 billion bid by Lampert’s hedge fund to buy Sears as a going concern. To read this article:
Hedge Funds Dump Crude and Diesel as Economic Outlook Darkens
(Reuters) Hedge funds are cautious on the outlook for oil prices, despite a slump at the end of last year, as fears about the global economy outweigh output cuts by OPEC and its allies. Fund managers cut bullish positions in […]
Bridgewater’s Pure Alpha fund posts nearly 15 percent gain in 2018
(CNBC) Bridgewater, the world’s largest hedge fund, posted returns for 2018 that not only outperformed benchmark indexes for various asset classes, but also many of its peers. The firm’s flagship Pure Alpha fund finished the year returning 14.6 percent net […]
Top Hedge Funds Rack Up $2 Billion in Losses on Their Apple Holdings
(Bloomberg) Eight hedge funds that own large stakes in Apple Inc. have seen the value of their holdings plunge about $2.13 billion since the company cut its revenue outlook. AQR Capital Management saw its holdings decline by about $732 million […]
Activist U.S. Hedge Funds Hurt by Late-Year Stock Tumble
(Reuters) Widely followed activist investors Daniel Loeb, Barry Rosenstein and William Ackman suffered heavy losses in December, when fears about trade battles and slower growth sent stocks spiraling lower. Many fund managers are still compiling annual returns, but early data […]