Monthly Archives: February 2019
Hedge Fund Bear Crispin Odey Made $18 Million Betting Against Wirecard
(Bloomberg) Hedge fund manager Crispin Odey’s winning run with his short-selling bets continued this week as wagers against digital payments company Wirecard AG paid off. Odey Asset Management made an estimated $18 million, at least on paper, on Wednesday when […]
Blackstone Reports Record Assets Despite 2018’s ‘Financial Hurricane’
(Pension & Investments) Blackstone Group reported a record $472.2 billion in assets under management as of Dec. 31, up 3% from the quarter ended Sept. 30 and 9% from the quarter ended Dec. 31, 2017, according to the alternative-investments firm’s […]
Where Some of the World’s Top Hedge Funds Will Invest in 2019
(Bloomberg) Macro managers, who have struggled for much of the last decade, are once again expecting a winning year. This time, they might be right. The main reason for optimism is the increased volatility in markets that began in 2018 […]
Activist Investor Paulson Raises Stake in Britain’s Premier Foods
(Reuters) Paulson & Co, the hedge fund firm led by billionaire investor John Paulson, has upped its overall interest in Britain’s Premier Foods Plc to 11.9 percent, a regulatory filing reut.rs/2WyWn6J showed on Friday. The activist investor’s move comes a […]
Billionaire Jim Simons Created the Ultimate, Tax-Free IRA for Employees
(Bloomberg) Renaissance Technologies, the giant hedge fund founded by billionaire Jim Simons, looks like it has created the premier, tax-free retirement account for its employees. A deft maneuver back in 2012 enabled employees to invest in RenTech’s storied Medallion Fund […]
U.S. Fund Investors Slash $13.5 bn of Stock Holdings in Last Week.
(Reuters) U.S.-based stock funds posted $13.5 billion of withdrawals in the week ended Wednesday, Lipper said on Thursday, as investors booked profits following the S&P 500 index’s best monthly performance since October 2015. To read this article:
Decline in risk appetite fuels Gold
(The Technical Analyst) Global investor confidence underwent “a warp-speed deterioration” in January, according to Kenneth Froot at State Street Associates. The State Street Global Investor Confidence Index (ICI) decreased to 70.2, down 9.4 points from December’s revised reading of 79.6. […]
PG&E Stock Is Going to Zero, Hedge Fund Says
(Barrons) Shares of bankrupt California utility PG&E (PCG) have been going up, but this investor says it’s based on false hope. To read this article:
Fed Whiplash Leaves Traders Betting Next Policy Move Will Be Cut
(Yahoo News) Federal Reserve Chairman Jerome Powell’s first press conference of 2019 left market expectations for an interest-rate hike this year hanging by a thread, and raised the chances of a cut in 2020. To read this article:
Defendant in Fraud Case Against Illinois Investment Adviser Ordered to Pay More Than $1 Million
(HedgeCo.Net) The United States District Court for the Northern District of Illinois entered a final judgment by default against relief defendant Edward H. Forte in an SEC enforcement action. In March 2017, the Commission charged Daniel H. Glick, a Chicago-based […]
dv01 Secures $15 Million Series B Led By Pivot Investment Partners
(HedgeCo.Net) dv01, the world’s first end-to-end data management, reporting and analytics platform offering loan level transparency and insight into lending markets, has raised $15 million in Series B funding, led by Pivot Investment Partners. Other participants include a new strategic […]
Hedge Funds Recorded Best Outperformance Over Equities Since 2011 in 2018
(Hedgeweek) The Mizuho-Eurekahedge Index (USD), an asset-weighted index representing the global hedge fund industry performance was down 0.39 per cent in December, bringing its year-to-date loss to 4.09 per cent amidst the global equity market sell-off. Despite ending the year […]