Monthly Archives: January 2019
Einhorn’s Greenlight Extends Decline to 34% in Worst Year
(Bloomberg) David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.The firm’s main hedge fund fell 9 percent in December, extending this year’s decline to 34 percent, according to an investor update viewed by […]
North American Hedge Funds Suffered Further Losses in November, Says Eurekahedge
(Hedgeweek) North American funds barely avoided dipping back into the red year-to-date in November, as the losses they suffered in October and November wiped most of the gains they made in 2018. The Eurekahedge North American Hedge Fund Index ended […]
Lampert’s Hedge Fund Makes Last-Minute Bid to Save Sears
(The Washington Post) A hedge fund run by Sears Chairman Eddie Lampert said it submitted a last-minute bid Friday to keep the struggling retailer from being liquidated. The bid, valued at $4.4 billion, still needs to be approved. A court […]
Why 2019 could be very good for stocks, after the worst year in a decade
(CNBC) There’s a good chance that what ailed the market in 2018 could reverse sometime in 2019, providing strong tailwinds for stocks, some strategists said. After the worst December since 1931 and the worst year since the financial crisis, stocks […]
Hedge Funds Bet on Oil Rally in 2019 After Wackiest Year-End in Decade
(Bloomberg) Hedge funds are keeping their cool in the most tumultuous end of the year for oil since the 2008 financial crisis, betting on better days ahead. They boosted wagers on rising Brent prices for a third straight week amid […]
RIAs eye alternatives as public markets get volatile
(Opalesque) As markets close out the worst December in several decades, RIAs have started to look at alternatives to protect client portfolios. According to recent research from Cerulli Associates, the RIA channel has become almost as important for alternative investment […]
Investor confidence down by 2.8 points in December to 79.8
(Hedgeweek) The State Street Global Investor Confidence Index decreased to 79.8 in December, down 2.8 points from November’s revised reading of 82.6. To read this article:
SS&C GlobeOp Forward Redemption Indicator up to 4.86 per cent for December
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for December 2018 measured 4.86 per cent, up from 3.96 per cent in November. To read this article:
The New York fund with The Big Short as it’s top investor has set it’s sights on Lloyds and RBS
(This is Money) Steve Eisman mysteriously revealed in November he was shorting 2 UK banks To read this article:
Hedge fund marketing blurs the line on BDCs
(Opalesque) In December 2018, the SEC announced two enforcement actions involving business development companies (BDCs) – one against Fifth Street Management, LLC, the former external registered investment adviser to two BDCs, and the other against KCAP Financial, Inc., an internally […]
SEC Settles Charges with Previously Barred N.Y. Adviser
(HedgeCo.Net) The Securities and Exchange Commission today announced that it has agreed to resolve its claims against Walter F. Grenda, Jr., who was charged with violating a Commission order barring him from association with an investment adviser and with aiding […]
Renaissance Hedge Fund Sees ‘Significant’ Risk of Correction
(Bloomberg) Renaissance Technologies, the world’s most profitable hedge fund, said there’s a “significant” risk of a correction in prices and is preparing for possible market turbulence. While accelerating global growth, corporate tax reform and a business-friendly administration in the U.S. […]