Monthly Archives: May 2019
Foreign funds loosen bearish bet on big Italian banks
(Reuters) – Funds that built big short positions in Italy’s leading banks from early 2018 have lowered the size of their bets in the last few months as political worries eased, regulatory data shows. Despite a looming budget showdown between […]
SS&C GlobeOp Forward Redemption Indicator at 3.21 per cent for May
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for May 2019 measured 3.21 per cent, up from 2.51 per cent in April. To read this article:
Magnetar Capital Selects Northern Trust Hedge Fund Services for Middle and Back Office Fund Admin
(HedgeWeek) Northern Trust Hedge Fund Services (NTHFS) has been selected to provide full middle and back office fund administration services and regulatory reporting to Magnetar Capital, an Evanston, Illinois-based multi-strategy alternative asset manager with USD13.1 billion in assets under management. […]
The Most Popular Stocks for Hedge Fund Managers Are Crushing the Market
(CNBC) Sometimes following the crowd can be a profitable strategy, particularly if that crowd is composed of hedge fund managers who have been beating the market. While investing often seems like a contrarian game where going against the flow feels […]
Investors Shift $14bn to Event Driven, Asia and Emerging Markets Hedge Funds
(Opalesque) Investors redeemed an estimated $1.36bn from hedge funds in April 2019, bringing YTD flows to a negative $18.15bn, according to eVestment’s April 2019 Hedge Fund Asset Flows Report. Meanwhile, strong hedge fund performance was additive to industry assets in […]
Trump Says He Still Wants to End Carried Interest Tax Benefit
(Bloomberg) President Donald Trump, still rankled by the preferential tax treatment of investment profits at hedge funds and private equity firms, says he wants another crack at ending so-called carried interest. To read this article:
SEC Charges Four Individuals in a Microcap Fraud
(HedgeCo.Net) Ishmail Calvin Ross of Canoga Park, California according to an SEC complaint, secured – but hid – control of Green Cures behind a figurehead CEO and a front company created by Ross and Jessica Snyder of Avondale, Arizona. At […]
Alternative UCITS continue to edge higher
(Hedgeweek) After a strong first quarter of the year, most alternative UCITS funds continued to edge higher in April with the LuxHedge Global Alternative UCITS Index posting a gain of 0.58 per cent bringing year-to-date results for the average fund […]
Funds sell oil as economic fears trump supply threats
(Reuters) – Hedge funds continued to liquidate some of their bullish position in oil last week as concerns about the economy and the outlook for consumption outweighed escalating tensions and the threat to supplies in the Middle East. Hedge funds […]
US Investor Urges First Group to Split and Pull Out of ‘Destructive’ UK Rail Network
(City A.M) Activist hedge fund Coast Capital has issued a list of demands against First Group, including that it pull out of Britain’s railways, split its UK and US assets and overhaul its board. Coast, a top ten shareholder in […]
JP Morgan Warns 3M’s Troubles Will Continue, May Cut Dividend ‘after 37 Straight Years of Increase’
(CNBC) Shares of industrial products maker 3M have been hit hard since the company’s disappointing first-quarter earnings report in April, and J.P. Morgan warned investors on Friday that there is more pain to come. J.P. Morgan analyst Stephen Tusa said […]
The Tiny Activist Fund That Reaped 24% Return by Unearthing ‘Cockroaches’
(Bloomberg) Ben Axler’s Spruce Point Capital became one of the most impactful short sellers by spotting problems and digging deeper. The stock market’s closing bell has just rung on the third day of short seller Ben Axler’s campaign against Dexcom […]