Monthly Archives: March 2016
Media Wrong On Hedge Funds, Says Aima Chief
(eFinancial News) Chief executive officer of the Alternative Investment Management Association launched a staunch defence of the hedge fund industry’s fees and performance, although he acknowledged that the term hedge fund did not “always conjure up a good feeling.” To […]
AIMA Launches Hedge Fund Director DDQs
(Alternative Investment Management Association) AIMA, the global representative body for alternative asset managers, today has launched a set of Due Diligence Questionnaires (DDQs) for hedge fund directors. These are the first set of AIMA DDQs – questionnaire templates that fund […]
CalPERS settles with Moody’s for $130 million in ratings case
(Los Angeles Times) Moody’s Corp. will pay $130 million to the California Public Employees’ Retirement System to settle allegations that the ratings agency acted negligently by giving top scores to ultimately toxic investments that cost the pension fund hundreds of […]
The Hedge Fund Myth
(Harvest) Reading through some of the mandates for hedge funds via Bloomberg can provide instant comedic relief…“Its strict requirement is that funds must have at least three years of 15 percent returns. The ratio of annual returns to maximum drawdown […]
This is How Much Young Hedge Fund Professionals Earn in the U.S.
(eFinancial Careers) For modelers and researchers in their first year on the job at a hedge fund, but who likely have a couple of years of investment banking experience and perhaps an advanced degree, their base salary can range from […]
Franklin Templeton’s Alternative View on Volatility
(Harvest) Many investors fear the type of market volatility we have seen in recent months, but it’s not necessarily a bad thing—particularly for investors in some types of alternative investment strategies. Brooks Ritchey, senior managing director of K2 Advisors, explains […]
Online Lender SoFi Starts Hedge Fund to Invest in Its Own Loans
(Bloomberg) Social Finance Inc., a rapidly growing online lender, is hoping to stoke investor demand for the debt it originates by starting a hedge fund that will buy its own loans — and potentially those of its competitors. In recent […]
Investors Add to Hedge Fund Bets Amid Market Volatility
(Reuters) Investors pumped more money into hedge funds in March in seeking to shelter from the continued market volatility, data from hedge fund administrator SS&C GlobeOp showed.The SS&C GlobeOp Capital Movement Index, which calculates monthly hedge fund subscriptions minus redemptions […]
Hedge Fund Lansdowne Partners Down Across All Strategies
(Reuters) Hedge fund Lansdowne Partners is showing losses on all its funds up to the beginning of March following volatility in global markets so far in 2016, according to its performance statistics seen by Reuters. Hedge funds globally had losses […]
Jim Rogers: There’s a 100% Probability of a U.S. Recession Within a Year
(Bloomberg) Fasten your seatbelt. Rogers Holdings Chairman Jim Rogers is certain that the U.S. economy will be in recession in the next 12 months. During an interview… the famous investor said that there was a 100 percent probability that the […]
Hedge Fund Says Growth Jolt Only Cure for Glum Commodities
(Bloomberg) Persisting gluts in most commodities and the lack of a strong economic rebound that would drive demand will probably keep a cap on raw-material prices this year, according to Michael Coleman, chief operating officer of RCMA Asset Management Pte.“In […]
Hedge Fund Plows Half Its Money Into Venezuela Bond and Wins Big
(Bloomberg) When Carmelo Haddad and Francisco Ghersi invested half their hedge fund’s money into a soon-to-mature Venezuela bond in mid-January, only two outcomes were possible: the trade could go horribly wrong or it could pay off fabulously. After all, the […]