Monthly Archives: February 2018
Och-Ziff Renegotiates Co-CIO Jimmy Levin’s Pay
(Bloomberg) Och-Ziff Capital Management Group LLC co-Chief Investment Officer Jimmy Levin, who was passed over for the hedge fund’s top job in December, will get restricted stock worth $35.6 million as of Friday’s close, and a guaranteed annual bonus of […]
Hedge Fund Investors Plan to Chase Returns in Emerging Markets
(Bloomberg) For hedge fund investors, emerging markets are the place to be. About 33 percent of institutional investors plan to give more capital to emerging-market strategies this year, according to a JPMorgan Chase & Co. survey released Thursday. Approximately 20 […]
Adage’s $30 Billion Hedge Fund Is Said to Gain 23.6% Last Year
(Bloomberg) Adage Capital Management, a $30 billion hedge fund founded by two former money managers from Harvard University’s endowment, beat a benchmark stock index last year. The fund gained about 23.6 percent in 2017, according to people familiar with the […]
Australia’s Warren Buffet’ Quits as Head of Fund Management Firm
(Reuters) Global stock picker Kerr Neilson, dubbed “Australia’s Warren Buffett,” said he will step down as chief executive officer of listed fund manager Platinum Investment Management (PTM.AX), sending its shares almost 12 percent lower. “It really is time for me […]
Hedge Fund Boss Bets on Japan’s Pro Gaming Scene
(Bloomberg) Competitive gaming in Japan has found a champion: hedge fund boss Seth Fischer.The chief investment officer of Hong Kong-based Oasis Management Co., which owns more than $1 billion in Japanese securities, said esports is now among his top five […]
VIX Funds Face Fresh Scrutiny From U.S. Regulators
(Bloomberg) U.S. regulators are scrutinizing this month’s implosion of investments that track stock-market turmoil, including whether wrongdoing contributed to steep losses for VIX exchange-traded products offered by Credit Suisse Group AG and other firms, several people familiar with the matter […]
Bankrupt Aerosoles Notches $26 Million Sale of Intellectual Property
(Reuters) A bankruptcy judge on Wednesday approved the sale of Aerosoles’ intellectual property, including its e-commerce business, to hedge fund Alden Global Capital LLC in a deal worth nearly $26.2 million to the bankrupt footwear retail chain. Alden had served […]
Look at Quant Hires for Ken Griffin’s Habit of Pouncing on Distress
(Bloomberg) At a time when hedge funds are struggling to lure assets and beat benchmarks, the billionaire founder of Citadel continues to pounce on opportunities. This week, Griffin hired a quant team from Hutchin Hill Capital less than three months […]
SEC Charges Former Bitcoin-Denominated Exchange and Operator With Fraud
(HedgeCo.Net) The Securities and Exchange Commission today charged a former bitcoin-denominated platform and its operator with operating an unregistered securities exchange and defrauding users of that exchange. The SEC also charged the operator with making false and misleading statements in […]
Hedge Fund Investors Plan to Chase Returns in Emerging Markets
(Bloomberg) For hedge fund investors, emerging markets are the place to be. About 33 percent of institutional investors plan to give more capital to emerging-market strategies this year, according to a JPMorgan Chase & Co. survey released Thursday. Approximately 20 […]
Investors Turn Back To Hedge Funds In 2018, Says Preqin
(Hedgeweek) For the first time since December 2014, the proportion of investors who plan to decrease their exposure to hedge funds does not outweigh the proportion intending to increase their exposure. To read this article:
Bridgewater’s Dalio Sees 70 Percent Chance of Recession Before 2020
(Reuters) Billionaire investor Ray Dalio, who founded world’s largest hedge fund Bridgewater Associates, thinks there is a relatively high chance the U.S. economy will stumble into a recession before the next presidential election in 2020. To read this article: