Monthly Archives: March 2018
The Algos at $52 Billion Two Sigma Are Struggling to Make Money
(Bloomberg) Two Sigma, the $52 billion quantitative firm, is struggling to make money this year in some of its biggest hedge funds.Its Compass fund, which trades futures across markets from commodities to currencies, dropped 5.7 percent in the first two […]
Ackman’s Pershing Square Trims ADP Stake as Bet Grew in Value
(Reuters) Billionaire investor William Ackman’s hedge fund sold a stake in Automatic Data Processing, the firm’s biggest holding, as the value of the investment grew over the last months, a regulatory filing released on Tuesday shows. Pershing Square Holdings now […]
Hedge Funds Draw SEC Scrutiny in Crypto Coin Review
(Bloomberg) Wall Street’s main regulator has a new worry in its race to keep tabs on the cryptocurrency craze: hedge funds. The U.S. Securities and Exchange Commission is examining the business practices of a cadre of funds set up to […]
Goldman’s Solomon Sets Out to Prove Bank’s Revenue Engine Can Roar Again
(The Business Insider) Before Goldman Sachs Group Inc operating chief David Solomon takes the next step in his career, the 56-year-old banker will have to prove that a strategy he has championed to increase annual revenue by $5 billion can […]
Billion-Dollar Debts Control The Future Of Tech Industry
(The Guardian) There’s no understanding the future of technology without understanding the future of its funders. And they have changed dramatically over the last three decades. First it was the military. Then the venture capitalists. Today, another chapter begins: massive […]
Some Fund Managers Looking Overseas After Trump’s Tariffs Announcement
(The Hill) President Trump’s import tariffs on metal and the possibility of retaliation from other nations has reportedly caused some fund managers to reduce their holdings of domestic stock and consider international opportunities…. To read this article:
Comcast and Murdoch’s Fox in regulatory race for Sky approval
(Reuters) Fifteen months after finally agreeing a takeover of Sky, Murdoch had been edging towards approval by offering remedies to overcome long-held concerns that he holds too much media sway in Britain, where he owns the Sun and Times newspapers. […]
Preqin’s Most Consistent Top Performing Hedge Funds
(Opalesque) Drawing on data compiled for the 2018 Preqin Global Hedge Fund Report, Preqin has created league tables of the most consistent performing hedge funds. These league tables do not seek in any way to endorse these funds, but rather […]
SEC Foils Stock Executive’s Plan to Pump Stock and Exploit Investors
(HedgeCo.Net) The Securities and Exchange Commission today barred the president of a penny stock company from ever again serving as a public company officer or director after he was caught making false and misleading statements about the company to investors […]
Hedge Funds That Use AI Just Had Their Worst Month Ever
(Bloomberg) Chalk one up for the humans. Hedge funds that use artificial intelligence and machine learning in their trading process posted the worst month on record in February, according to a Eurekahedge index that’s tracked the industry from 2011. The […]
Crypto Craze Finds Few Fans at Endowments. Maybe Not For Long
(Bloomberg) Endowments and foundations are steering clear of the crypto-craze. At least for now. Ninety-six percent of top officers at these organizations said they aren’t investing in cryptocurrencies and have no plans to do so, according a survey released Monday […]
SS&C to acquire CACEIS North American fund administration business
(Hedgeweek) SS&C Technologies Holdings is to acquire CACEIS North America, the fund administration business of CACEIS based in Toronto and New York. The acquisition, which is subject to customary closing conditions, is expected to close in the first quarter of […]