Monthly Archives: February 2018
SEC Halts Ongoing Fraud by Purported Hedge Fund Manager
(HedgeCo.Net) The Securities and Exchange Commission Friday charged a purported hedge fund manager in New York City with a brazen offering and investment adviser fraud thereby putting an end to an ongoing scheme. The SEC alleges that, since at least […]
Deer Park Road Draws SEC Probe Over Bond Valuations
(Bloomberg) Deer Park Road Management, the $2.2 billion hedge fund firm founded by Michael Craig-Scheckman, is being investigated by U.S. regulators over whether the hedge fund violated securities laws when valuing infrequently traded bonds, according to people familiar with the […]
Hess Plans $2.1 Billion Budget For Year, Unchanged From 2017
(Reuters) Hess Corp said on Wednesday it would spend $2.1 billion this year mostly in North Dakota and Guyana, keeping its budget unchanged from 2017 amid a battle over corporate strategy with activist investor Elliott Management Corp. To read this […]
Quants Bring AI and Blockchain Together in One Fund
(Bloomberg) A group of quantitative hedge fund traders long dreamed of bringing their artificial intelligence strategies to all. And now they have with the first exchange-traded fund to combine the worlds of AI and blockchain.The Innovation Shares NextGen Protocol ETF […]
Corvex Nominates Four Directors to Energen’s Board
(Reuters) Corvex Management LP kicked off its anticipated proxy challenge to Energen Corp on Wednesday, with the activist investor nominating four candidates to the oil and gas producer’s board of directors as it pushes for a sale of the company. […]
Capeview, AQR Among Hedge Funds Winners From Capita Share Slide
(Reuters) A steep fall in British outsourcer Capita’s share price on Wednesday provided a windfall for a small group of hedge funds, including CapeView Capital and computer-driven investor AQR Capital. Capita’s stock fell more than 45 percent after its chief […]
How This Market Downdraft Is Playing Out Across the World
(Bloomberg) One of the best starts to a year in recent history for global stock markets is ending with a bump as volatility spikes and a bond selloff deepens, with investors assessing whether prices ran too hard in too short […]
The $12 Trillion Mutual Fund Men’s Club Needs More Women
(Bloomberg) By now we know that having more women on leadership teams enhances businesses. We also know that women have qualities that make them good investors, such as their approach to risk. Why then are there still so few women […]
Winning the Cold Currency War: The U.S. Dollar and the Euro
(Harvest) Investors in Europe are more optimistic than they have been in years, but there is growing concern that U.S. dollar weakness could make the euro too strong. Investors in Europe are more optimistic than they have been in years […]
How Do You Calculate The Volatility Contribution Of Individual Assets In A Portfolio?
(Harvest) This Covariance matrix represents a Portfolio with Stocks and ETFs. The diagonal in the matrix that is highlighted are the calculated Variances of each security in the Portfolio. The Variance shows how far each security is from the mean […]
The Shape of the Market Today: Uncharted Territory
(Harvest) We dive into the bottoms up data of the shape of today’s market opportunity set for value investors and find we are in uncharted territory. In January 2018, the overall market valuation / GDP (“Buffett Metric”) surpassed the previous […]
Hedge Fund Up 38% Wants to Stop Investors Taking Out Their Cash
(Bloomberg) Quantedge Global Fund, the world’s best-performing quantitative hedge fund last year with more than $1 billion in assets, is taking the rare step of asking clients to lock in their money for several years even as such arrangements have […]