Monthly Archives: April 2017
Five Reasons Why Hedge Funds in Danger Zone Across Commodities
(Bloomberg) Hedge funds’ speculative positions are at “pretty elevated levels” in commodities amid signs of ample inventories in some materials and concerns over the outlook for demand in China, according to JPMorgan Chase & Co. Momentum measures and futures positioning […]
Investors Bet on Comeback: UK’s Alan Howard Amasses $3 Billion
(Reuters) Investors are betting Alan Howard can reclaim his touch as a star macroeconomic trader, helping Brevan Howard Asset Management amass more than $3 billion (2.4 billion pounds) for a hedge fund he alone will control. Howard, one of Britain’s […]
If You Fail to Plan, You Plan to Fail
(Harvest) What a glorious time to be invested in the stock market! The market has rallied 14% since the election on Nov. 4, the major indexes have rallied to hit all-time highs. We are far from the “euphoria” that Sir […]
SEC Charges Muni Bond Underwriter With Gatekeeper Failures
(HedgeCo.Net) The Securities and Exchange Commission today announced that an Arizona-based brokerage firm, its CEO, and its former underwriter’s counsel have agreed to settle charges related to municipal bond offerings they were underwriting that turned out to be fraudulent. The […]
SEC Halts Fraud Targeting Seniors
(HedgeCo.Net) The Securities and Exchange Commission has announced an emergency asset freeze and temporary restraining order against a Chicago-based investment adviser and his financial management company accused of scamming elderly investors out of millions of dollars. The SEC alleges that […]
HFRX Global Hedge Fund Index Essentially Flat In March, Up + 1.66% YTD
(FINalternatives) Broad measures of hedge fund performance stayed in the winning column in March – albeit barely – despite an interest rate hike by the Federal Reserve and mixed performance on global financial markets, according to recent data from Hedge […]
Guggenheim Investments Books Strong Asset Flows in March
(FINalternatives) Scott Minerd’s Guggenheim Investments reported strong asset flows in March, according to new data released by the firm, including more than $1.5 billion into fixed-income mutual funds and exchange traded funds despite recent hikes in U.S. interest rates by […]
Ex-Credit Suisse Trader’s Hedge Fund Said to Gain 20% This Year
(Bloomberg) Former Credit Suisse Group AG proprietary trader Charlie Chan’s macro hedge fund has returned more than 20 percent so far this year as bullish bets on Asian equities and currencies paid off, according to people familiar with the matter. […]
Hedge Fund With 30% Return Sees Assets Under Management Tripling
(Bloomberg) Runestone Capital Fund wants to triple its assets under management this year.The volatility hedge fund, which had a 30 percent return in 2016, almost doubled Runestone’s size in March to $32 million after big inflows, according to founder and […]
Ex-SEC Official Luparello Joining Citadel Securities
(Reuters)Stephen Luparello, a former top official at the U.S. Securities and Exchange Commission, will join Citadel Securities as general counsel in May, the firm said on Tuesday. Luparello, 58, stepped down in January as head of the SEC’s Trading and […]
Ex-York Capital Partner Weinberger to Launch Hedge Fund this Summer
(Institutional Investor) Michael Weinberger, who left York Capital Management in January 2016, is planning to start a new hedge fund firm named Cerrano Capital according to two people with knowledge of the matter. To read this article:
Two Hedge Funds May Reap Windfall After Ruling on Bofa Mortgage Bonds
(Marketwatch) The NY hedge funds, Prosiris Capital Management L.P. and Tilden Park Capital Management L.P., had placed a wager that some beaten-down mortgage bonds with unusual wording in their contracts were in line to receive millions of dollars from a […]