Monthly Archives: April 2016
Stubborn Hedge Fund Buying A ‘Huge Surprise’ For Sugar Markets
(Agrimoney) Hedge funds once again startled the markets, by holding on stubbornly to long positions in the face of a sugar sell-off. Data from the Commodity Futures Trading Commission (CFTC) regulator showed that in the week to last Tuesday, managed […]
Och-ziff Shares Tumble as Bribery Probe Spooks Investors
(Reuters) Och-Ziff Capital Management (OZM.N) shares dropped 24 percent to a record low on Tuesday on the possibility that the U.S. hedge fund would have to plead guilty to bribing government officials in Africa.The U.S. Justice Department is pushing for […]
Currency-Hedged Funds—Safer or Riskier Thanks to Derivatives?
(Wall Street Journal) A government proposal meant to limit the use of risky derivatives could hamper an increasingly popular breed of mutual funds that hedge against currency risks. Individual investors in recent years have flocked to mutual funds and exchange-traded […]
Fidelity Calls It Quits on Blackstone’s Hedge Fund for the Masses
(Fortune) On Thursday, Blackstone announced it was closing up the Blackstone Alternative Multi-Manager Fund, though the firm said the fund had outpaced the broader hedge fund industry over this same period, based on the HFRX Global Hedge Fund Index. Blackstone’s […]
Chan’s Hedge Fund Bets on Asian Currencies Emulating Yen
(Bloomberg) Charlie Chan, a former Credit Suisse Group AG proprietary trader whose hedge fund profited from the yen’s slump in 2014, is now betting that the Japanese currency’s resurgence versus the dollar will benefit Asian peers. The region’s currencies are […]
Calif Hedge Fund Manager Sentenced to 15 Years in Prison
(Marin Independent Journal) Hedge fund manager James Michael Murray has been sentenced to 15 years in prison following his conviction for 23 felonies — including wire fraud, money laundering, and aggravated identity theft — as well as contempt of court. […]
BlackRock Joins $46 Billion Japan Pullout
(Bloomberg) For global equity investors and Shinzo Abe, it’s splitsville. Starting in the first days of 2016, foreign traders have been pulling out of Tokyo’s stock market for 13 straight weeks, the longest stretch since 1998. Overseas investors dumped $46 […]
Injured Hedge Funds Recovering on Best Month in Two Years
(Bloomberg) After the worst start to a year since 2008, hedge funds repaired some of the damage in March as investments in equities, fixed income and commodities fueled the best monthly gains in two years. Almost 70 percent of hedge […]
Hedge Funds Abandoning Dollar’s Biggest Bull Run in a Generation
(Bloomberg) Hedge funds are close to calling it quits on the dollar’s best run in a generation.Large speculators cut net bullish positions on the greenback to the lowest in almost two years last week. If they keep trimming at the […]
Cowen Group Announces Partnership With Margate Capital
(HedgeCo.Net)–Ramius LLC (“Ramius”), the global investment management business of Cowen Group, Inc. (“Cowen”) (Nasdaq:COWN), today announced a partnership with Samantha Greenberg’s newly-launched Margate Capital (“Margate”). Margate, a multi-sector equity long/short alternative asset manager, will leverage the institutional infrastructure and operational […]
Hedge Funds Boost Treasury 10-Year Shorts to Most Since November
(Bloomberg) Hedge funds and other large speculators set the biggest bet against Treasuries in five months as Federal Reserve officials debate when to raise interest rates. Net short positions in 10-year futures contracts increased to 117,305 last week, which was […]
Putting Your Hedge Fund Strategy into Context for HNW Investors
(Evestment) Hedge funds are attracting smaller flows in 2016 than in years past. High-net-worth investors are diversifying more broadly outside of the hedge fund space, through liquid alternatives and other similar vehicles. Last year, few hedge fund strategies were successful […]