Monthly Archives: March 2018

Hedge Fund Industry Alive & Kicking

(Hedgeweek) The industry returned a healthy 11.41 per cent and attracted net new inflows of USD49.5 billion to take total industry AUM to USD3.55 trillion. Multi-strategy funds proved to be the most popular, according to Preqin’s 2018 Global Hedge Fund […]

Former Top Hedge Fund Manager Also A Former Part-Time Cop

(Dealbreaker) When David Magerman confronted his now-former boss, the now-former co-CEO of Renaissance Technologies, over Robert Mercer’s support for President Trump, he may have been putting himself at mortal as well as professional danger. That’s because, in spite of the […]

Tech Wreck Has Traders Getting Cozy With Bearish Chip ETF

(Marketwatch) While some technical analysts recently waxed bullish on the outlook for some big-name chip stocks, data confirms that traders have been piling into the bearish SOXS. For the 30-day period ended March 23rd, SOXS hauled in an average of […]

Hedge funds’ favorite stocks are having a brutal month

(Business Insider) It has been a tough month for the darlings of the hedge fund investment world. In December, Business Insider published a list of the stocks hedge funds love the most. And it has been a brutal few weeks […]

‘All hell will break loose’: The crypto market will boom again in 2018 according to the CEO of American Express-backed startup Abra

(Business Insider) The founder of a Silicon Valley-based cryptocurrency business said the sector will boom again this year once big investors watching from the sidelines move into the market. Abra CEO Bill Barhydt told Business Insider: “I talk to hedge […]

What surprised the creators of Showtime’s ‘Billions’ the most about the world of hedge funds

(Business Insider) Showtime’s “Billions” — currently airing its third season Sundays at 10 p.m. — has become a favorite on Wall Street because of its attention to detail and charming (and morally compromised) characters. Creators Brian Koppelman and David Levien […]

Investor confidence up by 4.8 points in March to 111.9

(Hedgeweek) The State Street Global Investor Confidence Index increased to 111.9, up 4.8 points from February’s revised reading of 107.1. To read this article:

SEC Charges Recidivist Broker-Dealer in Employee’s Long-Running Pump-and-Dump Fraud

(HedgeCo.Net) The Securities and Exchange Commission announced charges against Wedbush Securities Inc. for failing to supervise employee Timary Delorme after the broker-dealer ignored numerous red flags indicating that Delorme was involved in a long-running pump-and-dump scheme targeting retail investors. Delorme […]

Either This Is The Most Unlikely Partnership In Hedge Fund History Or Dan Loeb Is Up To Something

(Dealbreaker) This week, it emerged that Third Point had taken an undisclosed stake in United Technologies, with unknown intentions. Under normal circumstances this would not be a particularly interesting tidbit until. To read this article:

Capricorn Hedge Funds Boost Bets on South African Firms

(Bloomberg) Capricorn Fund Managers has increased its investments in companies in South Africa, signaling bullishness on the country’s new leadership following Jacob Zuma’s resignation as president. The firm, which oversees $441 million in hedge fund and long-only assets from its […]

Alan Fournier Shuts Hedge Fund Pennant Capital After 17 Years

(Bloomberg) Hedge fund manager Alan Fournier is returning client capital at his $1.5 billion Pennant Capital Management after almost two decades, citing poor returns. “While I take great pride in our long term returns, especially in light of our consistent […]

Hedge Funds to Watch in Facebook Fallout: DE Shaw, Appaloosa

(Bloomberg) Several prominent hedge funds could be among investors feeling the pain from Facebook Inc.’s recent plunge amid the Cambridge Analytica data crisis. AQR Capital Management, Appaloosa Management, Coatue Management and D.E. Shaw & Co. were the stock’s top hedge […]