Monthly Archives: February 2018
$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 […]
Elliott Turns to Snail Mail In NXP Mom-and-Pop Investor Campaign
(Reuters) Activist hedge fund Elliott Management Corp launched a campaign on Thursday to convince NXP Semiconductor NV (NXPI.O) mom-and-pop investors to shoot down a $38 billion deal to sell the semiconductor company to larger peer Qualcomm Inc (QCOM.O). The campaign […]
Einhorn’s Main Hedge Fund Posts Worst Monthly Loss Since ’08
(Bloomberg) David Einhorn’s Greenlight Capital hit a wall in January as its main hedge fund fell 6.6 percent, its worst monthly performance since October 2008. In a note to clients, the firm attributed most of its poor performance to losses […]
‘The machines took over’: Inside the biggest Dow Jones drop of all time
(Business Insider) Blame the robots. That was the common explanation among Wall Streeters on Monday after the biggest selloff ever in the Dow Jones Industrial Average. Machine-based traders were commonly blamed for the drop, which included a ramp up in […]
Billionaire Paul Tudor Jones told Wall Street investors to bet on a spike in volatility right before markets went haywire
(The Business Insider) The hedge fund legend Paul Tudor Jones spoke at a private investor conference last week, and he told a group of Wall Street investors he was betting on a spike in volatility.One person who attended summarized Jones’ […]
Loeb, Laffont Hedge Funds Start Year With Big January Gains
(Bloomberg) Hedge fund managers Dan Loeb and Philippe Laffont are picking up this year where they left off in 2017: making lots of money. Loeb’s Third Point Ultra fund returned 5.5 percent in January and his Third Point Offshore fund […]
Hedge funds are making an unprecedented bet that’s signaling more stock market pain
(The Business Insider) Some of the market’s most influential investors are making an unprecedented bet that near-term bond yields will climb — and that could continue heaping pressure upon stock traders. Hedge funds and other large speculators are holding a […]