Monthly Archives: May 2016
Schonfeld Commits $100 Million to Tech Hedge Fund Launch
(Reuters) Trading magnate Steven Schonfeld is backing a new hedge fund firm with at least $100 million, according to two people familiar with the situation. Schonfeld Strategic Advisors, which mostly manages Schonfeld’s personal fortune, is set to partner with Lucha […]
Asia Drains Hedge Fund Brains
(Bloomberg) So the hedge fund that used to employ you in London or New York closed? Consider moving to Singapore or Hong Kong, where taxes are low, wealth is growing and money management can still afford to hire the best […]
(FINRA) may require brokers and dealers to report Treasury cash market transactions to a centralized repository.
(HedgeCo.Net) New efforts are underway to enhance the monitoring and reporting of Treasury cash market transactions.The U.S. Department of the Treasury and the Securities and Exchange Commission today announced that they are working together to explore efficient and effective means […]
Rise of The Billionaire Robots: How Algorithms Have Redefined Hedge Funds
(The Guardian) On Wall Street, you eat what you kill. And boy, can they eat. According to a just-published annual survey by Institutional Investor’s Alpha magazine, the 25 best-paid hedge fund honchos pocketed $13bn in 2015, a sum that exceeds […]
This $5.5 Billion Hedge Fund Doesn’t Care About Political Risk
(Bloomberg) Swedish hedge fund Informed Portfolio Management is disregarding risks from a potential Brexit and political turmoil from Brazil to South Africa. The manager of a total $5.5 billion says its $2.1 billion Systematic Macro fund’s approach of looking at […]
Billionaire Soros Cuts U.S. Stocks by 37%, Buys Gold Miner
(Bloomberg) Billionaire George Soros cut his firm’s investments in U.S. stocks by more than a third in the first quarter and bought a $264 million stake in the world’s biggest bullion producer Barrick Gold Corp. The value of Soros Fund […]
Bridgewater First Foreign Hedge Fund to Win Key China License
(Bloomberg) Ray Dalio’s $154 billion Bridgewater Associates became the first foreign hedge fund manager to win approval to set up a wholly owned investment-management business in China, according to Shanghai-based consulting firm Z-Ben Advisors. Bridgewater won permission to set up […]
Warren Buffett’s Berkshire takes $1 billion bite of Apple
(Reuters) Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) revealed a more than $1 billion stake in Apple Inc (AAPL.O) in a rare foray into the technology sector, which Buffett has largely shunned apart from a poorly performing investment in IBM (IBM.N). […]
Hedge Funds Abandon Ex-Darling Valeant and Other 13F Highlights
(Bloomberg) Forty-five days after the end of each quarter, investors scour the quarterly filings of hedge fund managers to glean trading ideas and suss out trends. Here are some highlights from the latest round of 13F filings, which list the […]
Paulson Triples Stakes in Endo, Akorn as Other Hedge Funds Sell
(Bloomberg) Paulson & Co., the firm led by billionaire John Paulson, tripled its stakes in Endo International Plc and Akorn Inc. in the first quarter, sticking to big-name health-care wagers even as many other hedge funds ran the opposite way. […]
SEC Charges Two Attorneys With Defrauding Escrow Clients
(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges against two attorneys accused of making undisclosed risky investments and in some instances outright stealing money they obtained in escrow accounts from small business owners seeking commercial loans. The SEC […]
Appetite for Hedge Funds Rises as Investors Ramp Up The Risk
(CNBC) Hedge funds are well and truly back in vogue, according to a new report by global bank Citi, which has outlined some of the fastest growing investment products in the entire asset management industry… To read this article: