Monthly Archives: April 2016
Hedge Billionaire’s Move Puts New Jersey Tax Rates in Spotlight
(The Daily Mail) The departure of one New Jersey resident to Florida has gotten so much attention that lawmakers are calling for changing the state’s tax structure…. The spotlight turned to hedge fund manager David Tepper this week when legislative […]
Ray Dalio’s Pure Alpha Hedge Fund Is Down 6.75% In 2016
(Forbes) Hedge Fund Manager Ray Dalio’s flagship Pure Alpha hedge fund is off to a bad start this year and is down 6.75% in 2016. Dalio is the founder of Bridgewater Associates, the world’s biggest hedge fund firm, which manages […]
Hedge Funds Investing in China Lost 7.4 Pct in First Quarter
(Reuters) Hedge funds investing in China lost an average of 7.4 percent in the first quarter of 2016, the fallout of a turbulent three months for the world’s second largest economy, all but wiping out all the previous year’s profits, […]
Why Hedge Funds Are Loading Up on Rubles
(Bloomberg) Managers of some of the best-performing funds from Berlin to New York are buying Russian ruble assets as the currency has rebounded 23 percent from a record low. Stuart Sclater-Booth, who helps oversee more than $40 billion at Stone […]
Judge Tosses Contract Dispute Over Proposed Hedge Fund
(Reuters) A New York state judge dismissed a lawsuit brought by one hedge fund manager against another, finding the plans the two made to launch a new fund weren’t definite enough to form an enforceable contract. Jonathan Lipton sued Michael […]
Argentina, Creditors Agree $253 Million More In Default Settlement
(Reuters) Argentina settled with additional creditors holding defaulted sovereign bonds for $253 million, Daniel Pollack, the court-appointed mediator in the long-running case, said in a statement on Sunday. The agreements in principle reached late last week with several groups of […]
BTG Plans to Spin Off $1.6 Billion Commodities Arm as Engelhart
(Bloomberg) Grupo BTG Pactual is spinning off its commodity-trading unit and renaming the division Engelhart Commodities Partners in a deal valuing the business at about $1.6 billion. BTG shareholders may be eligible to receive equity in the new entity or […]
Context Reports Allocators are Upbeat on Alternatives
(Daily Alts) Context Reports Allocators are Upbeat on AlternativesMarket volatility, geopolitical risk and the extended bull market are not deterring investors from increasing their allocations to hedge funds in 2016, according to a new report from Context Summits. In fact, […]
Start-Ups Take On Hedge Funds With Social Trading
(CNBC) Imagine you knew a friend of a friend who kept bragging about the killing they were making trading. You don’t know where they were investing, all you know is that they are doing really well. But imagine if you […]
Base Hits vs. Swinging for the Fences
(Harvest) I just got done reading Jeff Bezos’ annual letter to shareholders, which is outstanding as it always it. As I finished it, I spent a few minutes thinking about it. He references Amazon’s style of “portfolio management”. He doesn’t […]
Morningstar Expands Alternative Fund Categories
(Daily Alts) Morningstar Expands Alternative Fund CategoriesChicago-based Morningstar, the leading mutual-fund resource for individual investors, is revamping its liquid alternatives categorization methodology. In addition to its current alternative-fund categories of multi- and single-currency, managed futures, market neutral, multialternative, long/short equity, […]
Highbridge Said to Hire BlueCrest’s Oh as Asian Equities Manager
(Bloomberg) Highbridge Capital Management, whose hedge-fund business oversees about $6 billion globally, hired Karyo Oh as an equities fund manager in Asia as investments in the region have expanded, said a person with knowledge of the matter. Oh is expected […]