Monthly Archives: February 2017
New Guidelines for Investors and The Financial Services Industry dealing with Robo-Advisers
(HedgeCo.Net) The Securities and Exchange Commission today published information and guidance for investors and the financial services industry on the fast-growing use of robo-advisers, which are registered investment advisers that use computer algorithms to provide investment advisory services online with […]
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 […]
DoubleLine’s Gundlach Takes Contrarian Stance, Expects U.S. 10Y Yield Under 2.25%
(Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Friday he expects the yield on the benchmark 10-year U.S. Treasury note to drop below 2.25 percent as global investors seek safety. “There is a stealth flight to safety […]
Distressed Investing Guru Wilbur Ross Confirmed As U.S. Commerce Secretary
(Reuters) – Billionaire investor Wilbur Ross easily won confirmation as U.S. commerce secretary on Monday, clearing President Donald Trump’s top trade official to start work on renegotiating trade relationships with China and Mexico. The U.S. Senate voted 72-27 to confirm […]
Hedge Funds Find Plenty of Willing Sellers in Oil
(Reuters) For every buyer of futures and options there must be a seller. For every long position there must be a corresponding short position. Hedge funds and other money managers have purchased a record number of futures and options contracts […]
Icahn Representative to Several Corporate Boards Has Left Firm, Eyes Starting Own Fund
(Reuters) Samuel Merksamer, who represents billionaire Carl Icahn on several corporate boards, has exited the activist investor’s firm and a source familiar with his plans said that he is exploring launching his own hedge fund. At the same time Vincent […]
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 […]