Monthly Archives: February 2018
Hedge Funds Regain Their Appeal for a $57 Billion Asset Manager
(Bloomberg) With volatility back on the radar, one of the Nordic region’s biggest asset managers is considering relying a bit more on hedge funds to help oversee his portfolio. Mikko Mursula, the chief investment officer of Ilmarinen Mutual Pension Insurance […]
Och-Ziff Hedge Fund Had $7.6 Billion in Outflows Last Year
(Bloomberg) The comeback billionaire Dan Och hoped for during his last year running his hedge fund firm never arrived.Och-Ziff Capital Management Group LLC saw $7.6 billion in client withdrawals last year despite posting the best performance in his flagship hedge […]
A Hedge Fund That Focuses Solely On Marijuana Is Crushing It
(The Business Insider) When Sean Stiefel told his dad two years ago he was going to invest in an Uruguayan cannabis company after getting pitched on the deal by a broker, the reaction was laughter.But that bet paid off in […]
Hedge Funds Are Pulling In Billions — Here Are the Hottest Strategies
(The Business Insider) Hedge funds are expected to pull in $41 billion in new cash this year, with event-driven, fundamental equity long-short fund and volatility funds the most in-demand strategies, according to a Deutsche Bank survey. The hedge fund clients […]
US Bancorp Fined $613m for Money-Laundering Violations
(New York Times) U.S. Bancorp, based in Minneapolis, has long had a reputation for being one of the best-run large regional banks in the country. But because the bank’s anti-money laundering controls were inadequate, it failed to spot and investigate […]
Investor Protection, Capital Formation and Market Integrity Are Top Priorities in SEC Budget Request
(HedgeCo.Net) The Securities and Exchange Commission has announced a $1.658 billion budget request for fiscal year 2019 to support its core mission and expand oversight and enforcement in emerging areas such as financial innovation, market structure and cybersecurity. The SEC’s […]
A Small Loophole in The New GOP Tax Law Could Be a Big Win For Hedge Funds
(The Business Insider) Hedge funds are swarming to take advantage of a loophole in the new tax law, but the Trump administration is attempting to close the loophole.The Republican-led law imposes changes to the carried interest loophole, which allows money […]
2 Veterans at $5 billion Quant Hedge Fund PDT Partners Have Left
(The Business Insider) Their destinations are not known. A spokesman for PDT Partners declined to comment.PDT was founded by Pete Muller, a quirky math whiz known for his love of music. After a long sting at Morgan Stanley in the […]
Hedge Funds Steadfast and Suvretta Jump Onto CSX in Fourth Quarter
(The Business Insider) Wall Street investors were so convinced that Hunter Harrison could turn around railroad CSX Corp that the company lost $4 billion in market value when the former CEO took a medical leave in December and died only […]
Einhorn’s Greenlight Capital Reports New Stakes in Handful of Big Retailers
(CNBC) David Einhorn’s Greenlight Capital hedge fund reported new holdings in several big retailers as of the end of December….. To read this article:
Bridgewater Makes $22bn Bet Against European Firms
(Reuters) Bridgewater has shown its hand in Europe with a $22 billion bet against some of the continent’s biggest companies, filings reviewed by Reuters show, part of a bigger shift by the world’s largest hedge fund manager…. To read this […]
New Hedge-Fund Tax Dodge Triggers Wild Rush Back Into Delaware
(Bloomberg) Wall Street’s fast-money crowd is returning to well-trodden ground to elude Trump-era tax laws: Delaware. Since late 2017, hedge fund managers have created numerous shell companies in the First State, corporate America’s favorite tax jurisdiction. To read this article: