Monthly Archives: February 2016
The hedge fund manager who nailed the subprime crisis says China’s problem right now is 4 times as big
(Business Insider) Kyle Bass, founder and principal of Hayman Capital Management, at the Sohn Investment Conference in New York in 2013.Texan hedge fund manager J. Kyle Bass, the founder of Hayman Capital, has sent his first letter to investors on […]
Understanding Market “Liquidity”
(Harvest) Liquidity is generally defined as the ability to purchase or sell an asset without causing a dramatic change in price. However, this definition can be misleading as throughout the history of markets, we have seen securities trade with big […]
Markets on Recession Watch
(Harvest) Just five weeks into the new year, stocks have taken a beating across the globe. Continuing a trend we saw beginning in early 2015, stocks of a small number of very large US companies have been the best place […]
As Hedge Funds Stumble, One Firm Prepares to Buy Illiquid Stakes
(Bloomberg) The worst year for hedge funds since 2011 is good news for Andrew Lawrence, chief executive officer of Rosebrook Capital Partners.Lawrence, 55, is seeking to raise $250 million to $500 million for a fund that will buy stakes in […]
Apex Capital CIO Departs to Launch Hedge Fund
(Reuters) The chief investment officer of Apex Capital is departing to launch a new technology-focused hedge fund, causing a restructuring of his old firm, according to a letter sent to Apex clients and a person familiar with the situation.”While we […]
AIG to Plan Exit From at Least Half of Hedge Fund Positions
(Bloomberg) American International Group Inc. plans to exit at least half the hedge funds in which the insurer is invested, according to people familiar with the company’s portfolio.The insurer has holdings in more than 100 funds and plans to cut […]
January Returns for Hedge Funds Show a Smaller Decline than Market
New York (HedgeCo.net) – Recent data released from Hedge Fund Research shows that the average hedge fund declined by 2.76% during the month of January which is considerably better than the 5% the S&P lost. Our own HedgeCoVest Long/Short Index […]
Obscure Chinese Firm Wants To Buy The Chicago Stock Exchange
(Bloomberg) While the world has gotten used to seeing Chinese companies snap up overseas businesses, the purchase of a 134-year-old U.S. stock market by Chongqing Casin Enterprise Group ….why does a provincial Chinese business with no apparent ties to the […]
Hedge Funds Make a Back-Up Plan
(Bloomberg) Hedge funds are bracing for another round of upheaval in the investment banking industry, judged by their closest day-to-day relationship.Banks are a key link in the hedge fund supply chain. Hedge funds need their prime brokerage desks for access […]
BTG Said Among Investors to Pull Money From Own Hedge Fund
(Bloomberg) Grupo BTG Pactual is among investors that have pulled money out of the Brazilian bank’s own hedge fund unit, according to two people familiar with the matter.The firm had hundreds of millions of dollars invested in the BTG Pactual […]
Lone Pine, Corvex Each Lose $250 Million in One Day
(Bloomberg) Hedge funds Lone Pine Capital LLC and Corvex Management, among the biggest shareholders in pipeline operator Williams Cos, each lost about $250 million Monday as the stock slumped along with natural gas producer Chesapeake Energy Corp. Williams declined 35 […]
A New York hedge fund is making a $1 billion bet on more bond-market pain
(Business Insider) Perry Capital, a $10 billion New York-based multistrategy hedge fund led by Goldman Sachs alum Richard Perry, is making a $1 billion bet against investment-grade corporate bonds, according to The Wall Street Journal.The Journal reports that Perry Capital […]