Monthly Archives: February 2018
Hedge-Fund Mediocrity Is the Best Magic Trick
(Bloomberg) Hedge funds have accumulated $3 trillion, with a substantial portion of it coming from public pensions. That these funds don’t deliver outperformance is almost beside the point. What they are selling is an inflated estimate of expected returns. This […]
Hedge Funds Hook Shipping Stocks Grappling for Recovery
(Reuters) Shipping stocks may still be in the doldrums in the view of many investors, but hedge funds have bet at least $675 million on signs of renewed buoyancy in the industry. Hedge funds made initial forays into shipping stocks […]
JP Morgan Loses Convertibles Fund Manager Antony Vallee
(Citywire) JP Morgan Asset Management has lost a second manager in two days, announcing the departure of Antony Vallee….Vallee, who ran the JP Morgan Global Convertibles Income Fund, left the company to pursue other opportunities. To read this article:
Keeping Long-Term Perspective During Short-Term Market Events
(Harvest) This is not a new phenomenon. Just five years ago, at the end of 2012, investors warily eyed the S&P 500 as it finished the year up 16%. This was its third year of double-digit returns since the Global […]
$1,700? Even Bitcoin’s Bear Case Is Bullish
(Harvest) Ending a near cataclysmic slide from roughly $1,250 in November 2013 to $175 in January 2015, bitcoin’s price stabilized around its 200-week moving average for the next nine months, as shown by the green line below. At that time, […]
SEC Suspends Trading in Three Issuers Claiming Involvement in Cryptocurrency and Blockchain Technology
(HedgeCo.Net) The Securities and Exchange Commission has suspended trading in three companies amid questions surrounding similar statements they made about the acquisition of cryptocurrency and blockchain technology-related assets. The SEC’s trading suspension orders state that recent press releases issued by […]
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 […]