Monthly Archives: February 2017
Dodd-Frank Advocate Tarullo Resigns From Fed Board As Deregulation Effort Looms
(FINalternatives) Daniel Tarullo, a voting member of the Federal Reserve Board of Governors and a strict advocate of post-crisis financial and banking industry regulations, resigned on Friday, giving President Donald Trump further ability to shape the composition of the board […]
Ex-Brevan Howard PM Melkman Backed By Steven Cohen in New Macro Fund Launch
(FINalternatives) Former Brevan Howard partner Ben Melkman is reportedly launching his new hedge fund next month with backing from billionaire investor Steven Cohen. To read this article:
Loeb’s Third Point Bet on Banks Amid Trump Election Share Rally
(Bloomberg) Third Point, the sometimes-activist hedge fund run by Dan Loeb, took new stakes in a handful of banks including JPMorgan Chase & Co. in the fourth quarter, amid a rally in financial stocks after President Donald Trump’s election victory. […]
A $200bn Danish Investor Sorts Bad Hedge Funds From Good
(Bloomberg) The hedge fund business ain’t what it used to be. For starters, a lot of funds in the industry forgot to hedge at crucial moments over the past decade, according to the men now running the $200 billion wealth […]
Alternative Lenders Gain Ground in US as Investors Support Aggressive Deals
(Reuters) Red-hot investor demand for U.S. leveraged loans is helping institutions not bound by federal lending guidelines to lead and sell aggressive deals that traditional arranging banks are unable to provide. Deals that could have drawn regulators’ ire if arranged […]
RBS Said to Plan More Than $1bn of Cost Cuts as Jobs Pared
(Bloomberg) Royal Bank of Scotland Group Plc is preparing to cut more than 1 billion pounds ($1.25 billion) of annual operating costs by eliminating jobs and closing branches as it seeks to bolster profitability, said a person with knowledge of […]
Britain’s Co-operative Bank Puts Itself up for Sale
(Reuters) Britain’s Co-operative Bank, rescued from the brink of collapse by a group of hedge funds in 2013, has put itself up for sale as it seeks to build up its capital to meet regulatory requirements. The bank said on […]
Hedge Funds Start 2017 on Positive Notes
(Evestment) Hedge funds continue to perform well out of the gate in 2017, following up strong performance in 2016, according to the just-released eVestment January 2017 Hedge Fund Performance Report. The industry started off 2017 with an average +1.16%, with […]
How a Jazz Pianist Took a Top Post at Wall Street Hedge Fund
(Bloomberg) Larry Richards, a trained jazz pianist and former phone-company executive, is an unlikely entrepreneur in the esoteric world of stock options.Just three years after taking an online course on equity derivatives, Richards set up his own company in 2013 […]
Battle Looms as Trump Regime Looks to Gut Dodd-frank
(New York Post) Trump is taking steps to roll back Dodd-Frank financial regulations. The Trump administration is digging in for a financial cold war — to gut the 2010 post-financial crisis Dodd-Frank consumer laws introduced to protect Americans from another […]
Hedges Back Murdoch to Prevail in Sky Takeover Battle
(Telegraph) Aggressive US hedge funds have built stakes in Sky worth hundreds of millions of pounds, betting that the Murdoch family will succeed in their bid for full control of the pay-TV giant. In recent days HBK, a fund based […]
Achieve Market Mastery Through Fallibilism and Perspectivism
(Harvest) Macro Ops is dedicated to one thing: mastering the markets. But the path towards mastery isn’t linear. It’s a messy one that requires constant iteration, observation, backtracking, and improvement. Ray Dalio has a good visual for it: Fallibilism states […]