Monthly Archives: February 2018
Greenlight Capital’s David Einhorn Says Hedge Fund Has ‘Never Underperformed Like This’
(CNBC) David Einhorn’s Greenlight Capital suffered its worst performance ever relative to the S&P 500 last month. “As the market shifted from ‘grind-up’ to ‘straight-up’ in January, our long portfolio only rose about half of S&P 500, while our short […]
The Hedge Fund Roller-Coaster
(Bloomberg) Are hedge funds suitable investment vehicles to help oversee and nurture the hard-earned nest eggs of police officers and fire fighters? Maybe not — especially when performance depends upon the alleged trading brilliance of a single individual. To read […]
Bridgewater’s Bet Against Europe Shines Light on Patchy Short-Selling Rules
(Reuters) The world’s largest hedge fund Bridgewater Associates caused a stir last week when it disclosed it had made $22 billion (15.78 billion pounds) worth of bets against European companies, including giants such as Unilever (ULVR.L) and Siemens (SIEGn.DE). But […]
AA’s Breakdown Lands Hedge Funds $22m Potential Payday
(Reuters) Ten hedge funds betting on a fall in AA shares are set to reap collective paper profits of more than 16 million pounds after its stock dropped by up to 30 percent. The British roadside recovery group and insurer’s […]
Hedge Funds Just Made a Big Mistake on Tech Stocks
(The Business Insider) Hedge funds and other large speculators made a poorly-timed decision to go net short tech stocks for the first time in 21 months….And that would be all well and good, except the bearish shift came as tech […]
Hedge Funds Could End Up On Wrong Side of the Bond Market
(Marketwatch) Bullish money managers and bearish hedge funds are headed for another showdown in the Treasury market… To read this article:
Leo Civitillo, Morgan Stanley Debt Capital Markets Head, Dies at 43
(Bloomberg) Leo Civitillo, the global head of fixed-income capital markets at Morgan Stanley, has died. He was 43. To read this article:
One of the Most Senior Women in the Hedge Fund Business Identified the Problem Almost Every Fund Has
(The Business Insider) Dominique Mielle was one of the hedge-fund industry’s most senior women, working at $20 billion Canyon Capital for 20 years…Hedge funds are facing a performance problem – one that could be improved if hedge funds included more […]
Hedge Fund Manager Palomba Leaves Citadel After Losses
(Bloomberg) Hedge fund manager Uberto Palomba has left Citadel LLC after suffering losses on a Hungarian trade, according to a person with knowledge of the matter. Palomba quit the firm this month after losing money in January and a negative […]
US Top Court Rejects Investor Appeals Over Fannie Mae, Freddie Mac
UUS Top Court Rejects Investor Appeals Over Fannie Mae, Freddie Mac Reuters posted on Wed 21 Feb 2018 Permalink Print The U.S. Supreme Court on Tuesday declined to revive litigation in which shareholders accused the federal government of overstepping its […]
BlackRock’s Low-Fee Hedge Fund Lures Cash Though Returns Shrink
(Bloomberg) The world’s largest asset manager is betting that attracting new money will make up for revenue lost to low fees as investors clamor for the cheapest investment products. It’s a strategy that started with the firm’s exchange-trade funds business…. […]
BlackRock Suddenly a Lot More Bullish on US Stocks With Tax Cuts ‘Supercharging’ Profits
(CNBC) BlackRock strategists have turned increasingly bullish on U.S. stocks, raising them to overweight because fiscal stimulus is “supercharging U.S. earnings growth expectations.” Kate Moore, BlackRock’s chief equity strategist, said that the firm thinks “the fundamental story is the best […]