Monthly Archives: May 2016
Och-Ziff Sets Aside $200 Million for Settlement Amid Talks
(Bloomberg) Och-Ziff Capital Management Group LLC, the hedge fund firm run by Daniel Och, reported an unexpected first-quarter loss as it set aside $200 million for a legal settlement that it’s now discussing with U.S. authorities. The firm had a […]
Cohen’s Point72 Starts Venture Unit to Fund Financial Technology
(Bloomberg) Billionaire Steven Cohen’s investment firm is starting a venture capital unit to fund and help develop financial technology for asset managers. Cohen’s firm, Point72 Asset Management, set up the new investment vehicle in March under the name Point72 Ventures, […]
Multi-strategy and CTA funds continue to gain popularity and net inflows.
(HedgeCo.Net) The interest in multi-strategy and CTA funds continues to grow in the hedge fund industry. While the hedge fund industry in total recorded near record outflows in Q1, multi-strategy funds and CTAs were the only strategies to document net […]
Top Investors Join Buffett Slamming Hedge Fund Fees at Milken
(Bloomberg) Top investors took hedge fund fees to task at the Milken conference Monday, with participants saying managers return too little and face a wave of closures. Chris Ailman, CIO for the $187 billion California State Teachers’ Retirement System, told […]
Principal Launches Multi-Manager Long/Short Fund
(Daily Alts) Principal Launches Multi-Manager Long Short FundThe company formerly known as Principal Financial Group has a new name and a new logo. Now known simply as “Principal,” the firm may have slimmed down its moniker and updated its logo, […]
Connecticut’s All-Star Hedge Funds Revealed; Assets jump 3.1% Quarter-Over-Quarter
(Hedgetracker.com) The rankings for the Top Connecticut Hedge Funds have been released, revealing that the top 50 hedge funds oversee a combined $179.4 billion in equity assets. Overall, the hedge funds on the list saw their assets increase by $5.4 […]
Are Investors TOO Negative on Hedge Funds?
(Yahoo News) Cliff Asness, AQR Capital Management’s chief investment officer, discusses the evolution of hedge funds with Bloomberg’s Erik Schatzker at the Milken Institute Global Conference. To read this article:
Shrinkage may be just what subpar hedge funds need most
(CNBC) Too many hedge funds don’t earn their keep. In the wake of feeble returns, the $3 trillion industry in the first quarter suffered its largest outflow of investor cash since 2009, according to Hedge Fund Research. It could be […]
How to Start a Hedge Fund: Interview with Ted Seides
(Forbes) Have you ever wondered what it would be like to run a hedge fund? Hedge funds are both glamorized and villainized by both popular culture in TV series like “Billions” and on the political and legal arena by recent […]
Rally Is Not Just About Hedge Funds
(Reuters) Oil prices are becoming dangerously overheated as speculators anticipate a rebalancing of supply and demand that has barely started, according to many oil analysts. “Even as oil rallies, analysts have barely nudged up their price forecasts as they worry […]
Billionaire fund manager Steve Cohen: ‘My worst fears were realized’ in February
(The Business Insider) There are more hedge funds today than there have ever been in history, says billionaire Steve Cohen, and it’s bringing about one of his worst fears. To read this article:
Hedge Fund Manager Ray Dalio On Why He’s ‘A Professional Mistake Maker’
(Forbes)Ray Dalio runs the world’s biggest hedge fund firm and has a net worth that Forbes estimates at $15.6 billion. But he calls himself “a professional mistake maker.” That attitude may be the key to his immense success.. To read […]