Monthly Archives: February 2018
$160 billion hedge fund exec: ‘We’ll probably have a much bigger shakeout coming’
(The Business Insider) One of the most senior figures at the world’s biggest hedge fund is predicting more volatility in global markets after a turbulent few weeks for global markets. Bob Prince, the co-chief investment water of Bridgewater, told the […]
Renaissance Hedge Fund Tumbles 5.4% After Correction Warning
(Bloomberg) Renaissance Technologies, the hedge fund that in January warned clients of a “significant risk” of a correction, lost 5.4 percent this month through Feb. 9 as stock markets slumped. Since Jan. 1, the Renaissance Institutional Equities Fund is down […]
Steven Cohen’s Point72 Is Accused of Sexism in Workplace
(Bloomberg) Just as billionaire Steven Cohen stages a comeback as a hedge fund manager, a current employee sued his Point72 Asset Management accusing it of discriminating against women and promoting a culture of sexism… To read this article
Hedge Fund Manager: I Believe So Strongly in Bitcoin and Other Cryptos I Put Nearly All My Money in Them
(CNBC) Brian Kelly, an outspoken bitcoin uberbull, told CNBC on Monday that he has nearly all of his money invested in cryptocurrencies….”Like 90 percent,” Kelly estimated on “Squawk Box.” “I run a fund. I have my money in that. I’ve […]
Guggenheim PM Departs After Internal Investigation
(Citywire) James Michal, a Guggenheim Investments portfolio manager, has resigned from the firm following an investigation into his behavior, the Wall Street Journal reports….Last week it was reported that Michal had taken a medical leave of absence and stepped away […]
Madoff Trustee Gets $76.5m From Austrian Feeder Fund
(Bloomberg) Alpha Prime Fund Ltd. agreed to pay $76.5 million to the victims of Bernard Madoff’s Ponzi scheme, boosting the total amount recovered by the trustee unwinding the con man’s firm to more than $12.8 billion…. To read this article:
Morgan Stanley: ‘One Last Surge Of Euphoria’ Will Take Market Up More Than 10% From Here
(CNBC) Michael Wilson, chief U.S. equity strategist at the firm, said in a note Monday that the S&P 500 could reach his “bull case” target of 3,000 “by the middle of the year as investors bid up P/Es toward 18.5x […]
Drug Company Innoviva Settles With Activist Hedge Fund Sarissa
(Reuters) U.S. respiratory drug company Innoviva Inc has reached a settlement with activist hedge fund Sarissa Capital Management LP to replace its board of directors and remove the threat of a new proxy contest, people familiar with the matter said…. […]
PM Liquidates Positions In Vol Fund That Fell 80%
(Citywire) The manager of a volatility fund that fell over 80% last week has liquidated all open positions in the strategy, which now sits in cash.The LJM Preservation & Growth fund hit headlines last week after it fell over 50% […]
As Volatility Spikes, Watch the Economy, Not the Market
(Harvest) The tremors that have battered financial markets recently have been nerve-wracking. But remember, the market is not the economy. Economic growth can persist even when markets decline, and that growth can eventually help to stop the slide. To read […]
An Olympian’s Guide to the Market Selloff: Seeking Rewards In High-Risk Situations
(Harvest) Today I’d like to share a few words about the Olympics, but first, two words: Don’t panic. The stock selloffs last Monday and Thursday were the two biggest daily point drops in the history of the Dow Jones Industrial […]
SBAI Sees Growing Interest In China
(Alpha-Week) The Standards Board for Alternative Investments (SBAI), previously the Hedge Fund Standards Board, has, since it was founded in 2008, been pushing the international alternative investment industry to commit to high standards and adopt a more transparent approach to […]