Monthly Archives: May 2016
Enough About The Fees Already!
(Harvest) Once again the Oracle of Omaha and his sidekick have unleashed a barrage on the hedge fund industry and the “outrageous” fees managers charge. At their annual Woodstock of Capitalism the pair astutely pointed out that market volatility, combined […]
Is There A Selective Argument For Hedge Funds?
(Harvest) Hedge fund performance has suffered in recent years, so much so that some investors are losing interest in the sector. Certainly, it’s true that in most categories the estimated structural alphas of the overall hedge fund composites have diminished […]
Hedge-Fund Event Stirs up Options Trading in Select Names
(Reuters) Hedge fund managers trading ideas at the Sohn Investment Conference on Wednesday spurred a flurry of activity in the options market in select stocks, as traders jockeyed to take advantage of the potentially profitable tips mentioned at the annual […]
Emerging Asset Declines Deepen as U.S. Jobs Eyed for Fed Course
(Bloomberg) Emerging-market stocks fell for a fifth day in the longest stretch since December and a selloff in currencies deepened on speculation a U.S. jobs report Friday will underscore prospects for the Federal Reserve to raise interest rates as soon […]
On Bull-Market Brink, Citi Sees Commodity Gains as Goldman Jeers
(Bloomberg) Commodity bulls, it might finally be time to exhale. There’s a growing chorus of voices and a surge of investor money signaling the worst of the commodity slump is over. Leading the pack is Citigroup Inc., the bank that […]
VR Capital’s Deitz Likes Greek Bank Stocks, Government Debt
(Bloomberg) Richard Deitz, founder of hedge fund VR Capital Group, said he’s betting on Greek bank stocks and government bonds as international creditors move toward concluding their review of aid terms to allow the next disbursement of emergency loans to […]
Long/Short Equity Funds: The Best and Worst of April
(Daily Alts) Long-Short Equity Funds The Best and Worst of April Long/short equity mutual funds and ETFs returned an average of -0.11% in April, retreating a month after posting gains of 2.76% in March. The long-only S&P 500 Index, by […]
Hedge Fund manager David Einhorn reveals a bet on a ‘five star’ stock
(Yahoo Finance) David Einhorn, The closely-followed hedge fund manager and founder of Greenlight Capital disclosed a new position in Yelp’s stock, and the shares are already trading higher. “We purchased Yelp (YELP) at an average price of $21.16. YELP is […]
New proposal would shield failed banks from hedge funds in future crisis
(Reuters) Big U.S. banks would have greater protection from hedge funds in a future financial crisis under a Federal Reserve proposal released on Tuesday to require that some investors wait 48 hours before cutting ties with failing lenders. The two-day […]
New Concerns Raised Over Hedge Fund Crowding
(Reuters) Billionaire investor Steven Cohen said that too many hedge funds placing the same types of bets contributed to sharp losses for his $11 billion Point72 Asset Management earlier this year. “One of my biggest worries is that there are […]
A Bipartisan Problem for Private Funds: How Revised Regulations Facilitate IRS Audits of Partnerships
(Hedge Fund Law Report) The Bipartisan Budget Act of 2015 (2015 Budget Act) repealed the long-standing “TEFRA” (Tax Equity and Fiscal Responsibility Act of 1982) rules, small partnership exception and electing large partnership rules. In their place, the 2015 Budget […]
Fed Plan to Avoid Another Lehman Targets Hedges and Big Bank Customers
(Bloomberg) Hedge funds, insurers and other companies that do business with Wall Street megabanks are poised to pay a price for regulators’ efforts to make sure any future collapse of a giant lender doesn’t tank the entire financial system. The […]