Monthly Archives: February 2018
Allocators push back on risk parity criticisms, fund size at CAIS
(Opalesque) Market commentators have been quick to blame “the machines” as a reason for the market’s recent sell-off, prompting a harsh rebuttal from AQR’s Cliff Asness earlier this week. Where Asness and others were effectively defending their books as much […]
Deutsche Bank to Repay Misled Customers
(HedgeCo.Net) The Securities and Exchange Commission today instituted an enforcement action against Deutsche Bank Securities Inc., which has agreed to repay more than $3.7 million to customers, which includes $1.48 million that was ordered as disgorgement. The SEC’s investigation found […]
Hedge Funds’ Biggest Short in Bonds Faces Make-or-Break Moment
(Bloomberg) Hedge funds and other large speculators are more convinced than ever that the 2018 bond-market rout will resume in the days ahead. The group, known for trading on momentum, boosted short bets in 10-year Treasury futures to a record […]
Data Overload: Commodity Hedge Funds Close As Computers Dominate
(Reuters) “Chocfinger” made his name and his money by taking bold bets on cocoa markets. But after nearly four decades of trading, sometimes winning, sometimes losing, Anthony Ward threw in the towel. Ward blames the rise of computer-driven funds and […]
XIV Is Just the Tip of the Iceberg for This Hedge Fund Investor
(Bloomberg) After one of its best months ever in January, February got hairy for this hedge fund picker. RPM Risk & Portfolio Management, which manages funds of hedge funds, had a return of 13 percent in January for its Evolving […]
When Will It End? Bloodied Traders Seeking Clues
(Bloomberg) When will it finally stop? After a jarring week that rattled financial centers from New York to Hong Kong, and wiped out almost $5 trillion from stock markets, it’s the question everyone is trying to figure out…. To read […]
Maverick Capital, a $10.5bn Hedge Fund, Is Betting Big That the Smartphone Market Has Hit a ‘Tipping Point’
(The Business Insider) Maverick Capital, the $10.5 billion hedge fund run by Lee Ainslie, is betting big against the smartphone market.The firm said in a January 30 letter to investors that its largest collective short position is companies that it […]
Big Shakeout Coming’: Markets Stem Losses as Hedge Fund Sounds Warning
(The Guardian) Financial markets are braced for more volatility this week amid predictions from the world’s biggest hedge fund that a “big shakeout” is coming…. To read this article:
Hedge Funds Digitisation Is Either Evolution Or “Treadmill To Oblivion” – KPMG Survey
(Valuewalk) …So crucial is data and the related management processes that a recent global survey from KPMG found from 125 alternative investment managers across 19 countries, “Only 2 percent of our respondents anticipate a ‘business as usual’ scenario….The rest see […]
John Paulson Is Planning to Move His Hedge Fund Into Steinway Offices
(Bloomberg) Firm’s shift to 1133 Avenue of the Americas coming this year…Headcount and assets are down at the New York-based hedge fund. To read this article:
The Analyst Who Called This Correction Sees One More ‘Panic’ Ahead Before The Bottom
(CNBC) “When the 10-year [yield] crosses 2.90 percent my thinking is traders panic and we get our bottom with a big sell-off in FANG,” Barry Bannister, Stifel’s head of institutional equity strategy, said late Thursday. To read this article:
Distressed Debt 1: Why Small Hedge Funds Have Historically Outperformed Their Larger Brothers
(Seeking Alpha) A recent study by Barron’s studying the disparity in performance between small and large hedge funds over the past 20 years….found that, on average, the largest hedge funds returned 0.61% per month, with smaller funds returning 0.75% per […]