Monthly Archives: February 2017
Pension Fund Perils: Why Conventional Pairing of LDI with De-risking Glide Paths Produces Inferior Outcomes
(Harvest) Combined use of traditional Liability Driven Investment (LDI) and funded status responsive de-risking strategies should be decoupled or rebuilt. Embedded inconsistencies in the treatment of risks in these two elements of what has become a popular pension strategy cause […]
Goldman Warns Investors to Brace for a Looming Trade War With China
(Marketwatch)Whether a full blown war or isolated skirmishes, a confrontation between the U.S. and China on trade may be inevitable, even if the only outcome is a Pyrrhic victory. Economists at Goldman Sachs this week predicted that a U.S.-China standoff […]
SEC Charges Financial Adviser With Stealing From Client Accounts
(HedgeCo.NET) The Securities and Exchange Commission today charged an investment adviser representative with stealing approximately $5 million from client accounts by initiating unauthorized wire transfers and issuing checks to third parties to cover personal expenses. The SEC alleges that Barry […]
Congressional Republicans Begin Crafting Financial Industry Regulatory Overhaul
(FINalternatives) Details are emerging about Congressman Jeb Hensarling’s plan to roll back a number of Wall Street regulations and consumer protections put in place following the 2008 financial crisis, as the House Financial Services Committee begins looking at ways to […]
Blackstone Said To Raise $1.5B To Seed New Hedge Funds
(FINalternatives) Global alternative asset manager Blackstone Group has reportedly amassed a $1.5 billion war chest aimed at seeding startup hedge funds despite widespread concerns about the industry’s aggregate ability to generate market-beating returns, pressure on fees, and a shrinking number […]
Artificial Intelligence Extends Sway to Stock Picking
(Gulf News) Babak Hodjat believes humans are too emotional for the stock market. So he’s started one of the first hedge funds run completely by artificial intelligence. “Humans have bias and sensitivities, conscious and unconscious,” says Hodjat, a computer scientist […]
Ex-Pimco Manager Said to Plan Bond Hedge Funds With $500 Million
(Bloomberg) Han Tongli, a former Pacific Investment Management Co. manager, plans to start two hedge funds focused on fixed-income investments in the first quarter, said a person with knowledge of the matter. Han, 39, has attracted three strategic investors, including […]
Goldman’s Hedge Fund Is Doing A Super Hard Brexit
(Dealbreaker) Running a post-Dodd-Frank hedge fund has been something of a pain in the old ass for Goldman Sachs, especially a fund that keep getting crushed on value investing plays that aren’t working out very well. But Lloyd Blankfein and […]
U.S. Investors More Willing to Place Wagers on Uncertain Europe
(Reuters) A spate of elections this year that threaten to change Europe’s course and rattle the continent’s largest political bloc and currency is normally the sort of uncertainty that scares away international investors.Instead, deep-pocketed investors are buying into the continent’s […]
Hedge Fund Posts Solid Returns Thanks to Argentina
(New York Post) Bienville Capital, a New York hedge fund, is posting solid returns this year due to the resurgence in the stock market — in Argentina. The fund closed out January up 14.7 percent due to actions taken by […]
Hedging Demand Perks up Even as Volatility Craters
(Reuters) Soaring U.S. share prices and plunging market volatility measures may paint a picture of optimism, but there are signs in the equity options market that investors have started to question how long this goldilocks period can last. The post-election […]
Bridgewater Exec Explains How It’s Unique Culture Helped the World’s Largest Hedge Fund Make $50 Billion
(The Business Insider) Bridgewater Associates is as well known for being the world’s largest hedge fund, with $150 billion in assets under management, as it is for its quirky culture of “radical transparency.”…..It’s a demanding environment, and 30% of new […]