Monthly Archives: February 2018
Trading ‘BOON’ Pickens: Oil Tycoon’s Spinoff Fund Seeks Listing
(Bloomberg) Legendary oil tycoon T. Boone Pickens has closed his hedge fund, but the octogenarian’s name may live on on the New York Stock Exchange.NYSE Pickens Oil Response ETF, a spinoff of the wildcatter’s shuttered Dallas-based BP Capital LLC, submitted […]
Hedge Funds Caught Short by Provident Financial Squeeze
(Reuters) Hedge funds were caught out by a big short in Provident Financial when the British sub-prime lender revealed plans to shore up its balance sheet on Tuesday, triggering a squeeze which drove a near 90 percent spike in its […]
World’s Biggest Sovereign Wealth Fund Delivers Record Return
(Bloomberg) Norway’s sovereign wealth fund delivered its biggest return on record in 2017, capping a year in which it passed the $1 trillion mark and shocked markets by proposing to drop oil and gas stocks. Not since the fund was […]
Speculators Take Record Bet Fed Will Pull Rate Trigger Soon
(Reuters) Hedge funds and other speculators are making their biggest ever short-term bet on higher U.S. interest rates, a clear sign that the “vol-mageddon” bout of market turbulence earlier this month has almost completely fizzled out. Speculators are also slowly […]
Funds Turned Positive on Grains for First Time Since August
(Bloomberg) For the first time in six months, hedge funds are betting on a rally in the grain markets. A combined measure of investor holdings for the big three U.S. crops — corn, soybeans and wheat — turned positive in […]
Activist Hedge Fund to Pressure Genesco for More Asset Sales
(Reuters) Activist hedge fund Legion Partners LLC will pressure U.S. footwear retailer Genesco Inc (GCO.N) to sell assets beyond its Lids Sports Group business, and could challenge its board if it does not do so, people familiar with the matter […]
This Paris-Based Hedge Fund Has Thrived in Latest Market Rout
(Bloomberg) It looks like the revenge of long-short equity strategies has begun. While global equity markets tumbled in February as a rapid rally in government bond yields fueled panic among investors and sparked a jump in volatility, Silver Time Partners […]
Goldman Has Identified the Stocks Poised to Crush the Market Thanks to Tax Cuts
(The Business Insider) Goldman Sachs has been searching for the parts of the stock market poised to benefit most from Republicans’ tax law. The firm has narrowed it down to the companies expected to spend the most on reinvestment but […]
Now Hedge Funds Target Interserve as Shares Tumble 12%
(This is Money) Hedge funds have increased their bets against troubled outsourcer Interserve as its shares crashed another 12 per cent amid concerns it was struggling to raise cash from lenders. To read this article:
Investors Are Paying $1,300 Per Hour for ‘Expert’ Chats
(Bloomberg) They may be cutting research budgets, but European investors are more willing than ever to dole out up to $1,300 an hour to talk to someone who can give them an edge. Now that banks have stopped giving equity […]
US Yields to Meet Strong Resistance
(The Technical Analyst) The current rally in the US 10-Year Yield is unlikely to overcome its long-term downtrend, says Andy Dodd, Head of Technical Research at Louis Capital Markets. Dodd stresses there is a strong long-term downtrend in the US […]
The Big Picture: Volatility is here to stay
(Opalesque) Bill Michaelcheck, founder and CIO of Mariner Investment Group, an alternative asset manager headquartered in New York, believes the market has turned a corner and that volatility is here to stay. Now is a good time for fixed income […]