Monthly Archives: February 2018
Stock market turmoil has created a make-or-break situation for a group of investors once left for dead
(The Business Insider) Active managers have heard it all. They’ve absorbed criticisms that their investment style is outdated. They’ve suffered the indignity of having market pundits question their worth. They’ve seen investors flee their funds for exchange-traded funds and other […]
Anxious Chinese Investors Cut Equities Risk Ahead of Holiday
(Reuters) Unnerved by a slump in their stock market in the past two weeks, Chinese investors are playing it safe as they head into week-long Lunar New Year holidays by reducing their equity holdings. China’s stock market will be closed […]
Dalio’s Bridgewater Boosts Gold Holdings in SPDR, IShares
(Bloomberg) Billionaire hedge fund manager Ray Dalio boosted his holdings in the two largest gold-backed ETFs last quarter before prices of the metal capped the biggest annual gain in seven years.. To read this article:
Active Fund Managers Performing Better But Still “No Better Than A Coin Toss”
(City A.M) Active fund managers have improved their performance over the last year – but the odds of picking a successful manager are still “no better than a coin toss”, according to asset management research firm Scope Analysis…..Just over half […]
Mark Cuban Once Trashed Speed Traders. Now He’s Investing in One
(Bloomberg) Mark Cuban is coming around on high-frequency trading firms. Cuban, who warned four years ago that the industry was creating structural and trading risks for the market, said Tuesday he bought shares of high-frequency trader Virtu Financial Inc. To […]
SEC Launches Share Class Selection Disclosure Initiative to Encourage Self-Reporting and the Prompt Return of Funds to Investors
(Hedgeco.Net) The Division of Enforcement of the Securities and Exchange Commission has announced a self-reporting initiative that seeks to protect advisory clients from undisclosed conflicts of interest and return money to investors. Under the Share Class Selection Disclosure Initiative (SCSD […]
$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: