Monthly Archives: February 2017
Hedge Funds May Be Falling Back in Love With Commodities
(Bloomberg) Hedge funds are raising their exposure to commodities as prices rally and investors respond to macro shifts including the prospect of accelerating inflation under U.S. President Donald Trump, according to Citigroup Inc. “After two years of scaling back exposure […]
Fidelity Slashes Commissions in the Latest Salvo in the Fee Wars
(Bloomberg) Fidelity Investments is lowering online commissions for trading in U.S. stock and exchange-traded funds by nearly 40 percent, to $4.95 from $7.95 a trade for individual investors. The nation’s largest online retail brokerage firm, with 17.9 million accounts and […]
Investors moving to alternatives says Lyxor
(HedgeWeek) Lyxor reports that risk assets have continued to edge higher over the recent weeks, with the MSCI World reaching new highs last week. Yet, equities in developed markets have been essentially fuelled by the US market. To read this […]
Valeant-Related Lawsuit Against Sequoia Fund Dismissed
(FINalternatives) A New York state judge has dismissed a lawsuit accusing the Sequoia Fund, known for its ties to Warren Buffett, of recklessly making a disastrous investment in Valeant Pharmaceuticals that resulted in billions of dollars of losses. To read […]
Artivest Partners With Snowden Lane For Advisor Access
(FINalternatives) Technology-driven alternative investment platform Artivest has inked a strategic partnership with independent advisory firm Snowden Lane Partners that will provide access to leading private equity and hedge funds to Snowden Lane’s RIAs. To read this article:
eVestment: Hedge Fund Redemptions Total $5.2B in January 2017
(FINalternatives) Hedge fund investors continued heading for the exits in January despite buoyant markets and generally positive returns, according to the latest data from eVestment, resulting in the fifth consecutive month of outflows and the longest such streak since December […]
New Hedge Fund Gearing up for One of This Year’s Biggest Launches
(The Business Insider) A former Citadel money manager is gearing up for one of this year’s biggest hedge fund launches. Brandon Haley’s Holocene Advisors is planning to launch with about $1 billion on April 3.. To read this article
Valeant-Related Lawsuit Against Sequoia Fund Dismissed
(Reuters) – A New York state judge has dismissed a lawsuit accusing the Sequoia Fund, known for its ties to Warren Buffett, of recklessly making a huge, disastrous investment in Valeant Pharmaceuticals International, causing billions of dollars of losses. To […]
Fatter Company Profits May Extend Emerging Equity Rally
(Reuters) Emerging market equities have a spring in their step as an upswing in company profits extends a year-long 40 percent rally in the sector and allows investors to look past the threat of a global trade war. MSCI’s emerging […]
Platinum Partners Saga Reignites Concerns About Cayman ‘Beach Boards’
(Reuters) Criminal charges against top executives of $1.4 billion hedge fund manager Platinum Partners, which drew five of its six independent directors from firms in the Cayman Islands, for allegedly running the firm “like a Ponzi scheme” have revived an […]
A Hedge Fund’s French Showdown
(Bloomberg) Safran SA has launched a weak counter-attack against hedge fund TCI Fund Management Ltd.’s opposition to its proposed 9.7 billion euro ($10.3 billion) takeover of Zodiac Aerospace. The French jet engine maker is still short on strategic and financial […]
A hedge fund millionaire took a stand for his anti-Trump beliefs, and he could lose his job
(Businesss Insider) Speaking out against your boss is never easy. And it’s especially difficult when your boss is a billionaire Wall Streeter. But that hasn’t stopped David Magerman from voicing his disagreements with his boss on President Trump. Magerman is […]