Monthly Archives: March 2016
Amid-Erratic Markets, Hedge Fund Exposure Examined
(Valuewalk.com) In volatile markets, institutional investors position hedge fund exposure accordingly, but are not entirely satisfied in some alternative sectors. With the risk-on again, risk-off again relationship in the stock and commodity markets in full swing, trends in investor sentiment […]
Fund Manager Lampert Leaves Tudor Investments
(Reuters) One of Tudor Investment Corp’s longest-serving employees, Spencer Lampert, has left the firm after nearly three decades, according to a source familiar with the company.The Greenwich, Connecticut-based hedge fund’s founder, Paul Tudor Jones and its president, Mark Dalton, told […]
Porsche Acquittals May Portend Trouble for Hedge-Fund Suits
(Bloomberg) Former Porsche Chief Executive Officer Wendelin Wiedeking and ex-Chief Financial Officer Holger Haerter were acquitted of charges of manipulating Volkswagen AG shares during a failed takeover, a decision that may derail hedge-fund lawsuits seeking billions over the issue. The […]
SEC Accuses Aequitas of Operating a Ponzi Scheme
(Daily Alts) The Securities and Exchange Commission (“SEC”) has charged Aequitas Management and four subsidiaries of defrauding more than 1,500 investors nationwide and enlisting them in a “Ponzi scheme.” Aequitas and its affiliated entities have agreed to a preliminary enjoinment […]
Trade Signals For An Aged Tired Bull
(Harvest) The long-term models, CMG Ned Davis Research (NDR) Large Cap Momentum Index and 13/34-Week EMA, inform our long-term market outlook. The primary trend remains negative. The long-term signals guide our cautious view on the market. Hedge equity exposure and […]
Chinese Hedge Funds Scramble as Regulators Clean Up ‘Wild East’
(Reuters) China’s hedge fund industry has been thrown into disarray as managers rush to comply with stringent new rules, introduced overnight, that could see over half the industry shut down by August, fund managers and lawyers told Reuters. Domestic and […]
Stock Market Myths, and What’s Wrong With The Economy
(Harvest) Over the decades we have all learned to accept that earnings drive stock prices. Rising earnings – rising stock markets and stocks. Falling earnings – falling stock markets and stocks. In fact, there have been numerous studies, using current, […]
ESMA Provides Hedge Fund Managers With Plan for Supervisory Convergence
(Hedge Fund Law Report) The European Securities and Markets Authority (ESMA) recently published its Supervisory Convergence Work Programme for 2016 (2016 SCWP), which supplements its Annual Work Programme for 2016. See “ESMA Work Programme Provides Hedge Fund Managers With Key […]
Brevan Howard Said to Cede Management of $450 Million Hedge Fund
(Bloomberg) Brevan Howard Asset Management is giving full control of a systematic trading hedge fund to David Gorton as billionaire Alan Howard focuses on macro strategies, according to a person with knowledge of the matter. Gorton’s London Diversified Fund Management […]
Brummer’s Backing Boosts Greenig Hedge Fund to $900 Million
(Bloomberg)Douglas Greenig, the former chief risk officer at Man Group Plc’s AHL unit, said he raised about $500 million from Brummer & Partners this month, more than doubling the assets managed by the hedge fund he started last year. The […]
The Best and Worst of February: Long/Short Equity Funds
(Daily Alts) Long/short equity mutual funds and ETFs suffered another month of losses in February, falling 0.33% in the aggregate versus a drop in the S&P 500 Index of 0.13%. Of the universe of 179 funds with a full month […]
Current and Former Directors of SEC Division of Investment Management Discuss Hot Topics Under the Investment Company Act
(Hedge Fund Law Report) The Practising Law Institute’s 2016 Investment Management Institute began with a keynote address by David Grim, the current Director of the SEC Division of Investment Management, followed by a panel discussion with two former Directors of […]