Monthly Archives: April 2015
Credit Suisse Liquid Alternative Beta Index Up 0.29% in March
New York (HedgeCo.Net) – The Credit Suisse Liquid Alternative Beta Index (“CSLAB”), which aims to reflect the performance of the overall hedge fund industry, finished up 0.29% in March. The Managed Futures strategy was the strongest performer, finishing up 4.28% […]
The Oil Industry’s $26 Billion Life Raft
Bloomberg – For U.S. shale drillers, the crash in oil prices came with a $26 billion safety net. That’s how much they stand to get paid on insurance they bought to protect themselves against a bear market — as long […]
New Hedge Fund Strategy: Dispute the Patent, Short the Stock
WSJ – A well-known hedge-fund manager is taking a novel approach to making money: filing and publicizing patent challenges against pharmaceutical companies while also betting against their shares. Kyle Bass, head of Hayman Capital Management LP—which made a fortune wagering […]
The World’s Largest Hedge Fund Had a Huge Quarter Betting Against the Euro
Bloomberg – Ray Dalio’s dire view on Europe is paying off. His Bridgewater Associates, the world’s largest hedge fund, climbed about 14 percent this year through March in one of its strategies, according to a person familiar with the matter. […]
Hedge funds return 2.4 pct in Q1, beating broad stock index -HFR
Reuters – The average hedge fund climbed 2.4 percent during the first quarter, handily beating the broader stock market, according to industry data released on Wednesday and giving the exclusive industry a dose of good news after months of lackluster […]
Hedge fund says BNY Mellon is ‘bloated’ with 10,000 excess staff
Reuters – Activist hedge fund Marcato Capital Management on Tuesday said BNY Mellon Corp’s employee base is “bloated” and disproportionately larger than its rivals. Marcato, which owns about 1.6 percent of BNY Mellon’s stock, previously has called for the ouster […]
IFSB Seminar Discusses Financial Inclusion and Islamic Finance
User Contributed News – The Islamic Financial Services Board (IFSB) successfully organised a ‘Seminar on Enhancing Financial Inclusion through Islamic Finance’ on 31 March 2015 in Jakarta, Indonesia. This Seminar is organised in conjunction with the IFSB Annual Meetings and […]
Hedge Funds Bet Big on PetSmart Price Bump
WSJ – A hedge-fund investing strategy aimed at squeezing more money from corporate takeovers has its biggest test yet: PetSmart Inc. The specialty retailer’s recent $8.25 billion buyout has drawn big bets from several well-known hedge funds, which bought shares […]
Highlights from Citi’s March Hedge Fund Snapshot
New York (HedgeCo.Net) Citi recently released its Hedge Fund Snapshot for March and February was a good month for hedge funds both in terms of performance as well as growth. In terms of performance, the two equal-weighted across funds indices […]
Hedge Funds Continue to Experience Strong Inflows
New York (HedgeCo.Net) After seeing outflows of $11.2 billion in January, hedge funds saw inflows of $7.2 billion in February according to information released by TrimTabs and BarclayHedge earlier this week. The inflows in February are the strongest for the […]
Stay Lifted For Hedge Fund Manager Michael Steinberg
New York (HedgeCo.Net) – A portfolio manager at Steven A. Cohen’s hedge fund, SAC Capital Advisors, was granted a chance to appeal his conviction for conspiracy and securities fraud charges in an insider trading scheme, USA Today reports. The Judge allowed […]