Monthly Archives: April 2018
Hedge Fund Adage Reaps Big Initial Gain on Health-Care Takeover
(Bloomberg) Adage Capital Management, a $30 billion hedge fund founded by two former money mangers from Harvard University’s endowment, reaped an initial gain of more than $100 million Monday after Swiss drugmaker Novartis AG agreed to acquire AveXis Inc. To […]
Equity Hedge Funds Must ‘Put Up or Shut Up’ With Market Volatility
(Bloomberg) It’s make-or-break time for equity hedge funds after years of poor performance. Stock-pickers have lamented that calm markets and not enough disparity in equity prices have hindered their ability to make money. They haven’t beaten the stock market annually […]
Stock Market’s Soaring Volatility Mirrors 1987 Crash
(Investopedia) After an extended period at near-historic lows, stock market volatility is on the rise, making some people with long memories a bit nervous. Now a managing director at UBS Financial Services, as well as an executive floor governor of […]
How to Make Sure You’re Investing with the Right Robo-Advisor
(CNBC) You may want to take another look at your robo-advisor to make sure you’re investing with the right platform. As existing robo-advisors switch up or add new offerings and new entrants come into the market, the choices for where […]
SEC Orders Three Investment Advisers to Pay $12 Million to Harmed Clients
(HedgeCo.Net) The Securities and Exchange Commission has announced that three investment advisers have settled charges for breaching fiduciary duties to clients and generating millions of dollars of improper fees in the process. According to the SEC’s orders, PNC Investments LLC, […]
A $1.4 Billion Hedge Fund Is Looking Past Facebook’s Data Troubles
(Bloomberg) Facebook Inc. may be under global scrutiny amid a data breach scandal, but its fundamentals remain intact. Such is the thinking of Eric Bannasch, the founder of the $1.4 billion hedge fund Cadian Capital Management. Facebook has lost 14 […]
Some Tiger Management-Related Hedge Funds Boast Gains in Turbulent 2018
(Reuters) Several hedge funds who trace their ancestry to billionaire investor Julian Robertson’s Tiger Management are boasting positive returns for the year even as tumbling markets have left many rivals with losses. In the first three months of 2018, Glen […]
Stock Futures Fall After Trump Proposes $100 Billion More in Tariffs on China
(New York Times) U.S. stock futures fell more than 1 percent Thursday and Friday after U.S. President Donald Trump said he had instructed U.S. trade officials to consider $100 billion in additional tariffs on China. S&P 500 e-mini futures were […]
BlackRock Seeks $2.5bn for Private Credit Fund
(Bloomberg) BlackRock Inc., the world’s largest asset manager, is seeking $2.5 billion for a private credit fund, according to a person with knowledge of the matter. The fund has raised $1.5 billion so far, according to the person, who asked […]
Currency Traders Stay on the Sidelines of the Tariff Fight
(Bloomberg) Amid the equity-market tumult kicked up by escalating trade tensions, currencies are in an unusual state of calm. The reason is that traders are struggling to choose the winners and losers. Volatility in the $5.1-trillion-a-day foreign-exchange market has barely […]
OPIM Partners With Longrising to Launch its First Offshore Hedge Fund
(Hedgeweek) Asian hedge fund platform OP Investment Management (OPIM) has partnered with Longrising Asset Management (Longrising) to launch the Longrising Prosperous China Fund, a Cayman-domiciled hedge fund for Professional Investors only. To read this article:
Citadel Sues Like-Named Firms in Far-Flung Places
(Pension & Investments) The Chicago financial services giant is tracking other Citadels down wherever they are, to halt imposters causing confusion in the marketplace.Citadel is suing firms and people in Estonia, Bulgaria and Austria for trademark infringement, making clear it […]