Monthly Archives: February 2017
PruLev Hedge Fund Soars 9.5% in January, Bets on Trump Stance
(Bloomberg) The PruLev Global Macro Fund, among Asia’s top-performing hedge funds, advanced 9.5 percent in January and is betting on what it calls Donald Trump’s “pragmatic and pro-business stance.” Last month’s return brings the fund’s three-year gain to a cumulative […]
Westport Hedge Fund Made $4.9b For Clients in 2016
(Stamford Advocate) In a week in which Connecticut lawmakers considered a major new tax on hedge fund manager earnings, a new study estimates that the Westport-based titan Bridgewater Associates made $4.9 billion for its clients last year. LCH Investments ranks […]
Hedge Funds Suffer $102 Billion Outflow in 2016
(Citywire) The hedge fund industry suffered a massive net outflow of $102 billion (£80 billion) in 2016. The figure was revealed in the 2017 Preqin Global Hedge Fund Report, which also stated that 66% of hedge fund investors felt their […]
Hedge Fund Industry AUM Surpasses USD3.2trn in 2016
(Hedgeweek) Assets held by hedge funds globally reached a record USD3.22 trillion as of the end of November 2016, according to Preqin’s 2017 Global Hedge Fund Report. Investor outflows through the year totalled USD102 billion, and at the end of […]
Brokerage Firm Charged With Gatekeeper Failures Related to Pump-and-Dump Scheme
(HedgeCo.NET) The Securities and Exchange Commission today announced administrative proceedings against New York-based brokerage firm Windsor Street Capital and its former anti-money laundering officer John D. Telfer. The SEC’s Enforcement Division alleges that the firm, formerly named Meyers Associates L.P., […]
Preqin: Private Capital Industry AUM Hits Record $4.46T
(FINalternatives) Total assets under management in the private capital industry, which includes private equity, private debt, real estate, infrastructure and natural resources funds, reached $4.46 trillion as of June 2016, according to industry data provider Preqin. To read this article:
Buffett Buys In: $12B In Stock Bought Since Election
(FINalternatives) Legendary investor Warren Buffett has disclosed the purchase of some $12 billion in equities by Berkshire Hathaway since the election of President Donald Trump last November, devoting in less than three months roughly half the value of the company’s […]
Elliott Nominates 5 Directors in Arconic Proxy Fight
(Reuters) Elliott Management launched a proxy fight against metals maker Arconic Inc. (ARNC.N) nominating five directors on Tuesday to serve on the company’s board. Elliott outlined ways for Arconic to improve its share price and said the company needed to […]
Ray Dalio Makes Clients $4.9 Billion in 2016 as Paulson, Soros Falter
(Bloomberg) Billionaire Ray Dalio’s Bridgewater Associates earned almost $5 billion for its clients last year while rivals George Soros and John Paulson lost money, according to a report by hedge-fund investor LCH Investments NV. Bridgewater was the most lucrative, in […]
Fund That Beat 90% of Its Peers Is Now Betting on Greek Banks
(Bloomberg) Betting on banks in Greece may not be your average mutual fund’s main investment idea. But for East Capital, which in 2016 delivered a 36 percent return and beat 90 percent of its peers, increasing exposure to the euro […]
The One Sector That Hasn’t Been Fooled By “Dow 20,000 Fever”
(Harvest) The financial media is nothing if not predictable. Barron’s didn’t even wait for the ink to dry on the Dow Jones Industrial Average’s 20,000 print before declaring in a new cover story: “Next Stop Dow 30,000.” Barron’s argument is […]
China’s Economy Improves Amid Trade Tension
(Harvest) There’s been a lot of crowing ahead of the Year of the Rooster (started on 28 January). While investors should listen, their prime focus in the new year ought to be on China’s improving growth signals and emerging opportunities […]