Monthly Archives: March 2019
Man Group sees net inflows of $10.8bn in 2018
(Hedgeweek) Man Group has announced net inflows of USD10.8 billion for the financial year ended 31 December, down from the USD12.8 billion seen in 2017. To read this article:
Einhorn’s Hedge Fund Focuses on Fewer, Higher-conviction Names
(Seeking Alpha) David Einhorn is narrowing his hedge fund’s focus on fewer names that he has more confidence in, after turning in its worst performance ever last year. “We entered 2019 with a portfolio consisting of fewer names than it […]
Democrats in the Home of Hedge Funds Are Divided over Tax Plans Sparing Rich
(Bloomberg) In the hedge fund capital of the U.S., Connecticut’s Democratic Governor Ned Lamont is facing criticism from his own party’s ascendant left-wing for tax plans they say favor the rich over the poor.Lamont’s $41.3 billion budget proposal extends the […]
or PG&E Board Candidate, ‘Job One Is to Restore the Public Trust’
(New York Times) Phil Angelides may not appear to be the kind of person who would seek a seat on the board of Pacific Gas & Electric. Mr. Angelides is an influential public figure who was the Democratic nominee for […]
eVestment Private Markets Group Partners with Preqin
(Opalesque) eVestment, a global leader in institutional investment data and analytics, today announced a data partnership with Preqin, the foremost provider of alternative assets insight and intelligence. The partnership will give eVestment clients access to Preqin’s industry-leading private capital performance […]
Qatar Fund Seeking Deutsche Bank Stake of at least 5 Percent
(Reuters) The sovereign wealth fund of Qatar is seeking a stake of at least 5 percent in Deutsche Bank, a German magazine reported on Friday. Der Spiegel, citing unidentified sources, said the Qatar Investment Authority (QIA) could buy the stake […]
Alaskan Quant Fund Sees Profit in Frontier Markets Near Upgrades
(Bloomberg) It’s time to pay attention to Kuwait’s stock market, according to Alaska-based quantitative fund McKinley Capital Management. McKinley sees opportunities in developing strategies for its clients, such as Alaska’s $60 billion state investment pool, to access markets which represent […]
Pound Optimism Growing as Banks Take No-Deal Risk Off the Table
(Bloomberg) The tide looks to be turning for the pound, as the Brexit narrative shifts from fears of crashing out of the European Union this month toward expectations for a deal or delay. The currency is the best-performing in the […]
SEC Obtains Judgment Against Former Ohio Broker
(HedgeCo.Net) An Ohio federal court has entered a consent judgment against John Gregory Schmidt, formerly a Dayton, Ohio registered representative of a nationwide broker-dealer and investment adviser. The SEC’s complaint, filed September 25, 2018, alleged that Schmidt sold securities belonging […]
One of Wall Street’s Most Popular Trading Strategies Is Now Failing
(Bloomberg) Sometimes machines are only as smart—or dumb—as the humans who program them. Hedge fund investors learned that the hard way last year when data-crunching computers that invest $220 billion based on historical price trends did worse than most other […]
Einhorn’s Hedge Fund Focuses on Fewer, Higher-conviction Names
(Seeking Alpha) David Einhorn is narrowing his hedge fund’s focus on fewer names that he has more confidence in, after turning in its worst performance ever last year. “We entered 2019 with a portfolio consisting of fewer names than it […]
China’s Fledgling Junk Bond Market Spawns New Breed of Vulture Funds
(Reuters) When the Shanghai-traded bonds of conglomerate China Minsheng Investment Group plunged 40 percent over two days in January after news it had missed a repayment, Beijing-based hedge fund manager Jash Zhang smelled blood. As the private investors in the […]