Monthly Archives: March 2018

(Bloomberg) Once bitten, twice shy? Not in the case of the hedge funds that are shorting U.K. homebuilders, even after the strategy burned some of their peers in the wake of the Brexit vote. Firms including Millennium, Marshall Wace and […]

(Bloomberg) Congressional Republicans created a juicy new tax break for business owners when they rewrote the U.S. tax code late last year. Three months later, hundreds of thousands of U.S. employers still don’t know if they qualify. The Internal Revenue […]

(Reuters) Investors should be protecting against secondary shocks as the initial surprise of a February plunge in U.S. equity markets wears off, analysts warned on Friday. The recent bout of volatility rocked a market that had been unusually calm by […]

(Bloomberg) Billionaire Paul Singer’s Elliott Management Corp. has bought a stake in Wipro Ltd., its first ever purchase of an Indian-based software outsourcer. The New York hedge fund acquired 1.855 million American depositary receipts, or about 0.04 percent of Wipro’s […]

(Bloomberg) Betting against Prada SpA is becoming an expensive business. Shares in the luxury retailer jumped a record 23 percent in Hong Kong on Monday after the company predicted sales will recover this year. The surge wiped out about 242 […]

(eFinancial Careers) Point72 is building out its London operation. The hedge fund, which sprung out of Steve Cohen’s family office, is understood to have hired Aardash Malde, a veteran trader from Tudor Capital in Europe. To read this article:

(Bloomberg) Martin Shkreli, the pharmaceutical industry’s enfant terrible, was sentenced Friday to seven years in prison, putting an end to a saga that captivated and sometimes enraged Washington, Wall Street and the tabloids.The brash 34-year-old — who gained notoriety for […]

(Bloomberg) Hedge funds on the heels of a surprisingly strong performance in 2017 are raising hopes for an encore.Investors expect their managers to return 8.5 percent in 2018, according to a Credit Suisse Group AG survey. That’s the most enthusiasm […]

(Bloomberg) Hedge funds have placed record bets that Danish stocks are set to decline, in a development that has local investors sitting up and paying attention. Perhaps surprisingly, it’s a trend that Denmark’s financial watchdog says it welcomes. The value […]

(Bloomberg) Karen Karniol-Tambour, head of investment research at Bridgewater Associates, sees German bonds slumping and the euro’s rally against the dollar coming to an end.For European bonds, “there’s really no tightening that is priced in, and so it’s sensible for […]

(Reuters) U.S.-based fund manager Breakwave Advisors is launching the first exchange-traded fund (ETF) focusing on freight futures, reflecting growing investor interest in shipping as it emerges from a near-decade long crisis, a regulatory filing showed. Around 90 percent of traded […]