Monthly Archives: February 2018
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:
Hedge Funds Are Dumping Facebook and Google
(Bloomberg) Billionaire David Tepper’s Appaloosa Management more than tripled its stake in Apple Inc. and almost doubled its holding of Facebook Inc. in the final three months of last year. Appaloosa reported shares in Apple worth $777 million as of […]
Markets Are Starting to Realize the Threat of Ever-Increasing US Debt
(Harvest) The Treasury Department estimated that it will borrow $955 billion in FY 2018. If the amount is correct (and it may not be), it will represent an 84% increase over the $519 billion Treasury borrowed for FY 2017. This […]
SS&C GlobeOp Hedge Fund Performance Index: January performance 2.99%
(Opalesque) The gross return of the SS&C GlobeOp Hedge Fund Performance Index for January 2018 measured 2.99%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advance 0.92% in February. “SS&C GlobeOp’s Capital Movement Index for February […]
IRS to Ban Hedge-Fund Tax Dodge on Carried Interest
(Bloomberg) Treasury Secretary Steven Mnuchin said the Internal Revenue Service plans on closing a loophole that hedge-fund managers had been trying to exploit to avoid paying higher taxes on carried-interest profits. Mnuchin told the Senate Finance Committee that a Bloomberg […]
Hedge funds outperform stocks and bonds on risk-adjusted basis
(HedgeWeek) Hedge funds have produced more consistent and steadier returns than equities or bonds over both the short term and the long term, according to new research by Preqin and the Alternative Investment Management Association (AIMA). To read this article:
SS&C GlobeOp Hedge Fund Performance Index at 2.99 per cent in January
(Hedgeweek) The gross return of the SS&C GlobeOp Hedge Fund Performance Index for January 2018 measured 2.99 per cent. To read this article: