Monthly Archives: February 2017
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 […]
Activist Managers Boosted By Trump Rally
(FINalternatives) Activist hedge funds broadly recovered from a slow start last year to end 2016 with sharp gains, spurred by the equity market rally that followed the U.S. presidential election, and remain hopeful that the new administration’s pro-growth, low-tax proposals […]
Eurekahedge: Hedge Fund Index Gain +0.84% In January On Event-Driven Advance
(FINalternatives) Hedge funds continued last year’s late momentum into 2017, according to the latest reading of Eurekahedge’s Hedge Fund Index, although they still underperformed broader market benchmarks. To read this article:
SoftBank to Buy Fortress Investment for $3.3bn
(Reuters) Japan’s SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world’s largest private equity fund. The all-cash deal […]
Morgan Stanley’s Global Stock Trading Head Leaves for Hedge Fund Millennium
(Reuters) Morgan Stanley’s global head of equities trading Peter Santoro is leaving the firm, the company said on Tuesday. Santoro is joining hedge fund Millennium Partners. He will be replaced by Alan Thomas, who will run equities in the Americas. […]
Harvard Endowment Managers Said to Depart to Start Funds
(Bloomberg) Three money managers are planning to leave Harvard University’s struggling endowment to start their own hedge funds as the organization cuts staff and outsources investments. Portfolio managers Michele Toscani and Graig Fantuzzi, who each focus on fixed income at […]
Hedge Funds Boost Financials, Trim Tech and Other 13F Highlights
(Bloomberg) Hedge fund managers jumped on the Trump train in the last three months of 2016, boosting their stakes in financial companies and reducing their holdings in technology firms. Financial institutions have risen 22 percent since Donald Trump won the […]