Monthly Archives: February 2019

JP Morgan Says First-quarter Trading Revenue to Drop Significantly

(CNBC) Wall Street’s trading desks are off to a tepid start this year. J.P. Morgan Chase, the world’s biggest investment bank, said that first-quarter trading revenue would probably fall by a “high-teens” percentage amid a slew of difficult factors, according […]

Most UCITS strategies are in positive territory so far in February: Lyxor

(opalesque) Most (80%) among 31 UCITS strategies composed by Lyxor Cross Asset Research are in positive territory so far in February. Trend followers are on track to deliver their best… To read this article:

Two Sigma Unit Gets Up to $500 Million From Massachusetts Fund

(Bloomberg) Sightway Capital, which is owned by hedge fund Two Sigma, is getting a big check from a state pension fund. The Massachusetts Pension Reserves Investment Trust approved investing as much as $500 million in Sightway, a company which was […]

Aberdeen Offers Passive Route into Hedge Fund Strategies

(IR Magazine) Fund provides exposure to macro, relative value, event-driven and equity-hedged strategies. Edinburgh, Scotland-based asset manager Aberdeen Standard Investments (ASI) is launching a fund of alternative Ucits funds for institutional investors, offering a passive route to exposure. To read […]

Hedge Funds Bet Cautiously on Even Higher Oil Prices

(Reuters) Hedge funds added more bullish positions in crude and fuels in the most recent week in the expectation that positive trade talks between the United States and China would keep the global economy expanding. Saudi Arabia’s substantial output cuts […]

Hyundai Mobis Rejects Elliott Proposal For $2.2bn Dividends

(Reuters) Hyundai Mobis, an affiliate of Hyundai Motor, said on Tuesday its board rejected a shareholder proposal for dividends worth 2.5 trillion won ($2.24 billion) on concerns the spending would undermine future competitiveness. Hyundai Mobis did not elaborate on which […]

Nippon Life Plans to Step up Foreign Bond Buys Without FX Hedge

(Reuters) Nippon Life Insurance Co, Japan’s largest private insurer, is increasing investment in foreign bonds without currency hedge, as it sees limited risk of a steadily rising yen, its chief investment officer said on Tuesday. To read this article:

Windstream Files For Chapter 11 Bankruptcy After Court Ruling

(Reuters) Windstream Holdings Inc filed for bankruptcy protection on Monday, days after the rural telecom service provider lost a legal battle against Aurelius Capital Management over a spinoff of its network assets into a real estate investment trust. A U.S. […]

Tesla Stock Is Popping, But Here’s Why These Hedge Funds Are Short

(Valuewalk) Tesla Inc. has proven to be one of the most divisive stocks over the years, driven by the tension between CEO Elon Musk and the many well-known investors who are shorting it. Multiple hedge funds highlighted their Tesla positions […]

BlackRock Bets Momentum Will Get its Mojo Back

(Bloomberg) BlackRock Inc. may be Wall Street’s last high-profile supporter of a quant strategy that’s flipped from the bull market’s biggest driver to its most-conspicuous laggard. To read this article:

The Game Theory of Brexit

(Harvest) In mid-January, we learned—to nobody’s surprise—that the Brexit agreement devised between the United Kingdom (UK) and the European Union (EU) last year cannot pass UK parliament. And without passing parliament, it can’t proceed. Now the United Kingdom wants to […]

3 ‘Strong Buy’ Large-Caps Hedge Funds Are Buying Now

(Nasdaq) The hedge funds’ 13F filing season generates a blizzard of raw data, and the sheer volume is a tad overwhelming. Fortunately, the major financial players will throw that data to teams of analysts, who wade in undaunted, and re-release […]