Monthly Archives: February 2017
Investors Have Never Loved OPEC So Much as It Sticks to Cuts
(Bloomberg) Investors are betting big that OPEC’s cuts are real. Money managers are the most bullish ever on West Texas Intermediate crude for a second week as signs show OPEC and other nations are slashing production. The group cut supply […]
Silicon Valley Hedge Fund Takes On Wall Street With AI Trader
(Bloomberg) 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 who helped […]
Hedge Fund Firms PAAMCO and KKR Prisma to Merge
(Reuters) Hedge fund investment firms PAAMCO and KKR Prisma said on Monday they were merging, signaling more consolidation in the so-called funds of funds sector as assets continue to contract and clients demand more. The new firm, PAAMCO Prisma Holdings, […]
Hedge Funds Slash Bullish Ag Bets – Even as History ‘Suggests Rally Ahead’
(Agrimoney.com) Hedge funds slashed bullish bets on agricultural commodities, turning record bearish on cocoa and selling grains heavily – in a trend deemed supportive to prices, which some analysis says may be heading for a long-term recovery. Managed money, a […]
Harvard’s Record $1.2 Billion Haul Erased by Investment Losses
(Bloomberg) Harvard University raised $1.2 billion from donations, a record for the world’s richest college. The haul was erased by $2 billion in investment losses and spending…. To read this article:
Meet the Ex-Banker Using Ethereum to Take On Traditional Hedge Funds
(Coin Desk) In the world of hedge funds, the old adage really is true: you have to have money to make money.The barrier to entry for an individual investor is frequently $500,000, with portfolio managers themselves needing as much as […]
College Endowment Returns Were Negative in 2016 and Negative Since 2007
(Harvest) U.S. stocks have worked well since the 2008/09 financial crisis. Modern Portfolio Theory – broad asset class diversification has not. But I didn’t know it was this challenging. I was somewhat surprised to see this from Bloomberg : Endowments […]
A Falling Correlation with Equities Makes For Greater Commodity Value
(Harvest) Commodities were supposed to be the great portfolio diversifier, a real asset that protects against inflation, offered positive roll yield, and gains from a super cycle. The reality over the last eight years has been much different. The roll […]
Hedge Funds Are Ditching the Dollar as the Trump Trade Capsizes
(Bloomberg) The fast money is making a quick getaway. Hedge funds and other money managers cut net bullish bets on the U.S. dollar to the lowest since November, unwinding the Trump Trade that had lifted the greenback since the presidential […]
Top Firm to Axe Equities and Fixed Income Trading Staff
(Bloomberg) Deutsche Bank AG is about to eliminate staff at its trading business… a day after reporting results for the unit that missed analysts’ expectations. The bank will cut as much as 17 percent of staff globally in its equities […]
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 […]
Trump Turns Attention To Sweeping Dodd-Frank Revamp
(FINalternatives) Just two weeks into his presidency, Donald Trump turned his sights on Dodd-Frank on Friday, ordering reviews of major elements of the financial industry legislation put in place following the 2008 financial crisis and drawing criticism from Democrats who […]