Monthly Archives: March 2018
Hedge Funds Go Long on Yen as Team Abe’s Troubles Deepen
(Bloomberg) Hedge funds have been betting against the yen for almost the entire period since Donald Trump’s victory in the 2016 U.S. presidential election stoked expectations for tax-cut fueled American growth and higher interest rates. But the whiff of troubles […]
John Paulson Pushes Investors Out of Some Hedge Funds
(Bloomberg) Billionaire John Paulson, whose hedge fund’s assets have plunged, is opening the door for more money to leave.Paulson’s namesake firm, once one of the biggest in the industry, will return money to investors in some funds including the Credit […]
Hedge Funds Warn of an Upcoming Flashpoint With China as Trade Concerns Grow
(CNBC) Hedge fund managers have warned that Chinese authorities could soon retaliate against U.S. tariffs and vastly escalate a global trade war that has simmered for the last few of weeks. To read this article:
Trump’s Tax Cuts Are Making Canada’s Best Fund Managers Envious
(Bloomberg) A reinvigorated U.S. economy under Donald Trump is a better bet than Canada, where a ticking consumer-debt bomb and declining competitiveness are dragging on asset prices, according to top-performing money managers north of the border…. To read this article:
President of Steven Cohen’s Investment Firm Quits Amid Gender Bias Lawsuit
(CNBC) A top executive at the investment firm led by the billionaire investor Steven A. Cohen has stepped down a month after a female employee sued the firm over accusations that it underpaid female employees and fostered a hostile work […]
Bay Area Journalists Sue Hedge Fund Over Layoffs
(The Bay City Beacon) A local news writers union is accusing owners of Digital First Media, a news conglomerate which owns newspapers throughout California and beyond, of foul play, including mass layoffs in Pulitzer-winning newsrooms. Last week, Bay Area news […]
Navigating the New Volatility Regime
(Harvest) The phrase, “be careful what you wish for” is a variation of the old Yiddish curse, “may you get what you wish for.” It is fair to assume that most investors lamented the incredibly dormant volatility regime of 2017 […]
Why Active Management Failed…and Didn’t
(Harvest) Passive equity strategies have seen massive inflows over the last decade, in part owing to active management’s struggles. But a closer look at the story within the story suggests that leaving active out of the equation could be leaving […]
New York Fund Manager Pleads Guilty to Ponzi Scheme Charges
(Reuters) A New York hedge fund manager on Thursday pleaded guilty to federal charges that he defrauded investors through a nearly $22 million Ponzi scheme. Michael Scronic, 46, entered his plea to one count of securities fraud before U.S. District […]
SEC Proposes Transaction Fee Pilot for NMS Stocks
(HedgeCo.Net) The Securities and Exchange Commission has voted to propose new Rule 610T of Regulation NMS to conduct a Transaction Fee Pilot in NMS stocks. The proposed pilot would subject stock exchange transaction fee pricing, including “maker-taker” fee-and-rebate pricing models, […]
Rising Treasury Yields Are a Good Problem to Have
(Bloomberg) Ten-year Treasury yields are fast approaching 3 percent, a level they haven’t breached since 2013. And in that instance, rates immediately fell again. Before then, the 3 percent level hadn’t been attained since 2011. The yields on the shorter […]
John Paulson Pushes Investors Out of Some Hedge Funds
(Bloomberg) Billionaire John Paulson, whose hedge fund’s assets have plunged, is opening the door for more money to leave. Paulson’s namesake firm, once one of the biggest in the industry, will return money to investors in some funds including the […]