Monthly Archives: March 2017
Three Quarters of Hedge Fund Managers are Ready to Reduce Fees
(Valuewalk)As hedge fund managers seek to rebuild investor confidence in the wake of a challenging 2016, they have pinpointed performance and fees as the key areas that will influence the industry in the year ahead…. To read this article
The ‘Crash Protection’ Index is Sending a Warning Flare for the Market – or Not
(CNBC) The chart of an obscure index is making its way around Wall Street. And some say that its recent surge suggests that traders are now more interested in protecting their portfolios from serious downside…. To read this article:
Forward Redemption Indicator Books Lowest March Reading Since 2012
(FINalternatives) Redemption pressures have eased for hedge funds on a year-over-year basis, according to new data from SS&C GlobeOp.The company’s widely followed SS&C GlobeOp Forward Redemption Indicator, a metric used to gauge investor withdrawals from hedge funds, measured 3.48% for […]
Eurekahedge Fund Index up 0.97% in February (+1.87% YTD)
(Opalesque) Opalesque Industry Update – Key highlights for February 2017: Hedge funds were up 0.97% in February with year-to-date gains coming in at 1.87%. Investor subscriptions have picked up pace since the start of 2017, with net inflows coming in […]
It’s Time to Sell Banks, Says Hedge-Fund Manager Doug Kass
(Marketwatch) Sell financial stocks. That is the advice laid out by Seabreeze Partners Management’s Doug Kass, in a blog Tuesday for Real Clear Markets. As for what’s bothering Kass, he’s got a fairly long list. To read this article:
The Fed Follows Through
(Harvest) The Federal Reserve (Fed) followed through on its recently hawkish tone Wednesday and increased the federal funds target rate by 25 basis points. This was the second such tightening in three months, but only the third since 2008. Markets, […]
SEC Charges Firms Involved in Layering, Manipulation Schemes
(HedgeCo.NET) Fraud charges have been filed against a Ukraine-based trading firm accused of manipulating the U.S. markets hundreds of thousands of times and the New York-based brokerage firm and CEO who allegedly helped make it possible. The SEC’s complaint alleges […]
Omega’s Cooperman Loses Bid to Dismiss SEC Insider Trading Case
(Reuters) A federal judge on Monday rejected billionaire hedge fund manager Leon Cooperman’s bid to dismiss the U.S. Securities and Exchange Commission’s insider trading case against him and his firm Omega Advisors Inc. Without ruling on the merits, U.S. District […]
As Hedge fund Closures Surge A Bright Light Ahead
(Valuewalk) With hedge fund assets under management hitting an all-time high – topping $3 trillion – another industry milestone appears contradictory. Hedge funds closing their doors in 2016 was at its highest level since 2009, an HFR Market Microstructure Report […]
Goldman Building Robo-Adviser to Give Investment Advice to The Masses
(Reuters) Goldman Sachs Group Inc (GS.N), known for advising the world’s richest and most powerful, is building a so-called robo-adviser geared to mass affluent customers, according to a job listing posted Monday on the bank’s website.A Goldman spokesman declined to […]
Elliott Demands Review of Arconic’s Voting Deal With Oak Hill
(Reuters) Hedge fund Elliott Management Corp, which is in the throes of a proxy battle with Arconic Inc , demanded on Monday an independent review of the company’s voting agreement with private equity firm Oak Hill Capital Partners. Last week, […]
How Cliff Asness Became a Billionaire By Building a Kind Of Vanguard of Hedge Funds
(Forbes) Clifford Asness, chief of AQR Capital Management, is the face of a trend that is sweeping Wall Street. A quantitative trading pioneer with a background that includes a doctorate, Goldman Sachs and hedge funds, Asness has experienced highs and […]