Monthly Archives: February 2018
BofA’s Hedge Fund Clients Sold Stocks at Record Pace Amid Rout
(Bloomberg) Hedge funds led the latest rush out of stocks, with selling from BofAML clients reaching a record high. As the S&P 500 suffered the worst decline in two years last week, clients from pension funds to wealthy individuals were […]
Hedge Fund Pares Stocks as Others Retreat in Violent Market Rout
(Bloomberg) As Asia was jolted awake to a violent sell-off in global markets, some money managers are girding for more carnage. The head of Australian money manager Magellan Financial Group Ltd. warned that the current bout of selling may be […]
This Hedge Fund Thinks the Euro’s Rise Will Keep Going
(Bloomberg) A hedge fund at Sweden’s SEB AB that delivered a return of more than 16 percent in 2017 is betting that the rise of the euro will continue. “We’re most optimistic on the Australian dollar, the New Zealand dollar […]
Is Panic Warranted? Look to Bond Market
(Harvest) U.S. domestic equity markets turned sharply negative in early February as interest rates headed higher amid concerns of returning inflation—and in a single day, the U.S. Treasury market became a safe haven for panicked investors. But is panic warranted? […]
Alleged Perpetrator of Ski Slope Investment Scheme Agrees to Pay Back Investor Money, Surrender Properties
(HedgeCo.Net) The Securities and Exchange Commission today announced that the Miami-based businessman behind an alleged scheme involving investments in a Vermont-based ski resort has agreed to pay back more than $81 million of investor money that he used illegally. According […]
Activist Investor Elliott Sheds Most Of Dufry Stake
(Reuters) Activist hedge fund investor Elliott Management Corp. has trimmed its stake in Swiss duty-free retailer Dufry AG in December to less than 1 percent, the SIX Swiss Stock Exchange reported over the weekend. The stock had risen more than […]
$2.5bn Fund Manager Turns Cautious, Warns A 10% Correction Could Feel Like 25%
(CNBC) If the latest stock market selloff stings more than the ones that came before it, there may be a reason for it. Mayflower Advisors’ Larry Glazer says it’s been so long since the last meaningful correction, the next one […]
Deutsche Bank Fined $70 Million for Trying to Rig Benchmark Rate
(Bloomberg) Deutsche Bank AG agreed to pay $70 million to settle a U.S. regulator’s claims its traders sought to manipulate a benchmark for interest-rate derivatives and other financial instruments. To read this article:
Hedge Funds Bet Bitcoin’s Pain Isn’t Over on Cboe Futures Market
(Bloomberg) Hedge funds are wagering that Bitcoin’s free-fall will keep going. Leveraged funds, which include hedge funds, held 2,974 short positions in Cboe Global Markets Inc.’s Bitcoin futures as of Tuesday, a fivefold jump from the prior week. Long bets […]
Bridgewater’s Dalio Says Market Declines Are ‘Minor Corrections’
(Bloomberg) Billionaire Ray Dalio, who founded the world’s largest hedge fund at Bridgewater Associates, is shrugging off the recent declines across several major equity and bond markets. “These big declines are just minor corrections in the scope of things,” he […]
Hedge Funds Just Had Their Best Year Since 2010
(Bloomberg) Hedge funds gained 9.03 percent last year, the best annual performance since a 9.75 percent gain in 2010, led by Long Short Equity funds, and buoyed by the second-longest bull market in the U.S. Last year, 42 percent of […]
How hedge funds can reduce tail risk during a market sell-off
(HedgeCo.Net) On Friday the Dow Jones Industrial average fell 665 points causing many investors to wonder if the 9 year bull market has come to an end. History has proven that most investors are terrible at predicting the direction of […]