Monthly Archives: February 2017
Stocks Turn Away from Record Highs as Hedge Fund Short-Covering Dries Up, Oil Futures Turn Negative
(Nasdaq) The S&P 500 slipped into red for the first time in eight days, coinciding with reports that Catalyst Fund had covered a $17 billion short position, and oil futures reversed early gains. As a result, the energy sector is […]
Alternative Strategies: What Have the Past Three Years Taught Investors?
(Harvest) When I joined Invesco in 2014 and started blogging about alternatives , alternative investment strategies were fairly new to individual investors; most of these mutual funds had track records of less than three years. At that time, many people […]
Understanding The Difference Between Alpha, Beta, & Cash Returns
(Harvest) At their highest level, investment returns can be subdivided into three components: the cash rate, beta, and alpha. return = cash + beta + alpha The cash rate is the base interest rate controlled by central banks. Every other […]
Fortress Executives to Cash in $1.39bn from SoftBank Sale
(Bloomberg) The three leaders of Fortress Investment Group LLC will reap a combined $1.39 billion from the sale of the alternative-asset manager to SoftBank Group Corp. Co-Chairmen Pete Briger and Wes Edens own stakes worth $510 million and $511 million, […]
Veritas Capital Hits $3.55B Hard Cap On Sixth PE Fund
(FINalternatives)Private equity company Veritas Capital has raised $3.55 billion for its sixth buyout fund, handily exceeding its $3 billion target within four months of entering the marketplace and closing at its hard cap. To read this article:
SEC Charges Company and Officers With Defrauding Investors
(HedgeCo.NET) The Securities and Exchange Commission today charged a California-based penny stock company and four corporate officers with misleading investors about the research, development, and profitability of their purported business to manufacture power generation products such as fuel cells. The […]
More High Profile Withdrawals Hit Hedge Funds
(Valuewalk) At the beginning of this week, JP Morgan published its 2017 Institutional Investor Survey, which revealed despite hedge funds’ underperformance in recent years, 81% of respondents said they made new allocations to hedge funds in 2016, and nine out […]
Hedge Funds Enter 2017 on Positive Note with 0.84% Gains
(Opalesque) Hedge funds started the year on a positive note, up 0.84% during the month of January. Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) gained 1.49% over the same period. Among regional mandates, Latin American […]
Hedge Fund Night Square to Shut, Founders Move to Citadel
(Reuters) Hedge fund Night Square Capital Partners, which traces its roots to legendary stock picker Julian Robertson, is shutting down and its founding partners are joining Citadel, one of the industry’s biggest investors. Neel Parekh and Michael Berkley co-founded the […]
HFR: Asian Hedge Fund Capital Steady as Funds Outperform Benchmarks
(FINalternatives) Asian hedge funds led the charge in both the fourth quarter of last year and 2016 as a whole, according to the latest edition of Hedge Fund Research’s Asian Hedge Fund Industry Report, outperforming regional equity markets on strength […]
US Says Ex-BNY Mellon Unit Employee Embezzled $7m
(Reuters) A former employee of a Bank of New York Mellon Corp unit was arrested on Wednesday on charges that he embezzled $7.1 million, which he used to pay for gambling debts and buy an outdoor pool, luxury cars and […]
Morgan Stanley Settles Charges Related to ETF Investments
(HedgeCo.NET) The Securities and Exchange Commission today announced that Morgan Stanley Smith Barney has agreed to pay an $8 million penalty and admit wrongdoing to settle charges related to single inverse ETF investments it recommended to advisory clients. The SEC’s […]