Monthly Archives: April 2017
Cenovus CEO Seeks Backing as Bold Bet and Market Jitters Test His Legacy
(Reuters) Cenovus Energy Inc will do more hedging after its acquisition of ConocoPhillips assets, the Canadian company’s Chief Executive Brian Ferguson said on Tuesday as he mounted a charm offensive on investors who balked at the deal. Ferguson is known […]
London Macro Hedge Fund Gemsstock Seeking to Raise $400 Million
(Reuters) London-based Gemsstock is seeking to capitalise on strong demand for hedge funds focussed on macroeconomic trends as it aims to raise $400 million (321.62 million pounds)in fresh capital, documents seen by Reuters showed. “Macro” was the most in-demand hedge […]
Salient Launches Global Macro Fund
(HFMWeek) Houston, Texas-based investment manager Salient Partners has launched a global macro fund. The $14bn firm launched the Salient Convexity Fund last week with onshore Deleware and offshore Cayman Island structures and around $30m of starting capital, according to regulatory […]
Eurekahedge: Hedge Fund Index Gains 2.29% In Q1/2017
(FINalternatives) Hedge funds largely weathered a number of headwinds in March, including a Fed interest rate hike, Trump’s stumble with U.S. healthcare and the official start of the Brexit process, according to early data from Eurekahedge. The Eurekahedge Hedge Fund […]
Here’s an Obscure Thing Hedge Funds Are Buying Because of The North Korea Nuclear Risk
(CNBC) Hedge funds are snapping up insurance against a South Korean default as the nuclear threat from North Korea appears to grow. As measured by South Korea’s five-year-default swap, the cost of protection against the country’s inability to pay back […]
World’s Hottest Funds Make No Money for Most Managers in Europe
(Bloomberg) Being in the hottest part of the investment universe doesn’t necessarily pay.Exchange-traded funds, or ETFs, based in Europe have doubled assets in the past five years to 550 billion euros ($584 billion), though the market remains so fragmented that […]
Japan’s $1.3T GPIF Begins Recruiting Outside Alternative Asset Managers
(FINalternatives) Japan’s massive Government Pension Investment Fund (GPIF) has begun recruiting its first outside managers for investments in alternative assets, including private equity, infrastructure and real estate, in Japan and other developed countries. To read this article:
Akzo Nobel gets request from Elliott for shareholder meeting
(The Business Insider) Dutch paint maker Akzo Nobel said on Wednesday that it had received a request from a group of shareholders led by Elliott Advisors to hold a special shareholder meeting to dismiss Chairman Antony Burgmans. To read this […]
Anthony Ward’s Cocoa Hedge Fund Reports Historic First Loss
(Investopedia) CC+, the cocoa hedge fund of famous trader Anthony Ward, has proven to not be infallible after all… Now, the manager, associated with Armajaro Asset Management LLP and known far and wide for his skills with buying and selling […]
Swedish $290 Million Hedge Fund Bets on Shift in Riksbank Policy
(Bloomberg) Swedish hedge-fund Ambrosia is positioning itself for a possible shift in Riksbank policy that could see the central bank abandon its sole focus on inflation as soon as the current round of wage talks is over. Fund manager Torbjorn […]
This is Where The ‘Smart Money’ is Going
(CNBC) Now is a good time to be looking at emerging markets since their valuations are attractive relative to the U.S. market, strategist Luciano Siracusano told CNBC on Tuesday. “People are hedging because if you don’t get a Trump fiscal […]
The Sun Also Shines on Highly Active Managers
(Harvest) Just as performance among financial advisors and active mutual fund managers varies, it also varies among robo advisors, which typically use passive products. Ultimately, good risk-adjusted returns don’t simply depend on low investment fees, but sensible portfolio allocation and […]