Monthly Archives: February 2017
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 […]
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 […]