Monthly Archives: May 2016
Major global hedge fund manager Bridgewater opens China unit
(Reuters) Bridgewater Associates, the world’s largest hedge fund with around $150 billion in assets under management, has set up an investment management unit in Shanghai, according to a Chinese government website filing, signaling that the firm is looking to expand […]
Virtus Shutters Trio of Alternative Mutual Funds
(Daily Alts) Virtus Shutters Trio of Alternative Mutual FundsEven as some asset managers continue to expand their alternative platforms, others are cutting back or even pulling the plug entirely. Virtus Investment Partners, which launched a trio of alternative mutual funds […]
The Vultures’ Vultures: How A New Hedge-Fund Strategy Is Corrupting Washington……And it’s paying off.
(The Huffington Post) Hedge funds are waging lobbying wars that would boost their profits by billions of dollars. Take Robert Shapiro. A Harvard-trained political economist, Shapiro is the head of a consulting firm called Sonecon. That business card doesn’t do […]
Hedge-fund Stars Are Backing Gold
(Marketwatch) Gold prices have risen nearly 20% since January 1, making the opening months of this year the best time to be a gold bug in three decades….The demand for physical gold was up 21% in the first quarter of […]
Hedge Funds Boost Bullish Bets on Soybeans, Meal From Oilseed
(Bloomberg) Soybeans got another bullish boost from hedge funds. In the week ended May 10, speculators increased net-long positions in the oilseed by 20 percent on the Chicago Board of Trade to 201,782 futures and options contracts, the highest since […]
Hedge Funds Reap Big Rewards From Roller-Coaster Russian Markets
(Bloomberg) Russian assets, which are among the most volatile in the world, are bringing hedge fund managers the best returns in emerging markets. Funds with a geographical focus on the country have gained an average 29 percent since the start […]
Hedge Funds Keep Betting on Silver Even as Rally Starts to Fade
(Bloomberg) Hedge funds expanded their bullish bets on silver to an all-time high even as this year’s hottest metals rally began to fade. Money managers added to their net-long positions in silver for the fourth time in five weeks, chasing […]
Humbled hedge fund managers acquiesce to clients at Vegas confab
(Reuters) – Swaggering hedge fund managers, long known for ignoring client complaints during years of strong performance, are trying something new: listening. The shift was evident at the annual SkyBridge Alternatives Conference in Las Vegas last week, where a group […]
David Tepper’s Appaloosa bought and sold Valeant shares in first quarter
(REUTERS)David Tepper’s hedge-fund firm Appaloosa bought nearly 1 million shares in Valeant Pharmaceuticals International Inc in the first three months of 2016, according to regulatory filings, but sold them during the first quarter.Shares of Valeant jumped 2 percent after filings […]
Whistleblower Earns $3.5 Million Award for Bolstering Ongoing Investigation
(HedgeCo.Net) The Securities and Exchange Commission today announced a whistleblower award of more than $3.5 million to a company employee whose tip bolstered an ongoing investigation with additional evidence of wrongdoing that strengthened the SEC’s case. The SEC noted that […]
Multialternative Funds: The Best and Worst of April
(Daily Alts) Multialternative Funds The Best and Worst of AprilMultialternative mutual funds and ETFs posted aggregate gains of 0.13% in April, underperforming the Morningstar Moderate Target Risk benchmark by 112 basis points for the month. Although the category’s gains were […]
Donald Trump’s money man schmoozes with billionaire donors
(Yahoo Finance) Former House Speaker John Boehner and a clutch of billionaires mingled in the green room backstage at the annual SALT conference in Las Vegas, but none of them was the main attraction. Instead, the man everybody wanted to […]