Monthly Archives: May 2019
Asia stocks tepid as US hikes tariffs on Chinese goods
(CNBC) Stocks in Asia were tepid in Friday afternoon trade, as an increase in U.S. tariffs on Chinese goods kicked in at 12:01 a.m. ET Friday.Tariffs from 10% to 25% on $200 billion worth of Chinese goods were implemented by […]
Hedge funds see fourth consecutive month of positive returns in April
(Hedgeweek) Hedge funds gained an average of 1.26 per cent in April, the fourth consecutive month of positive returns, following a five-month string of aggregate declines closing out 2018, according to the latest eVestment April 2019 hedge fund performance data. […]
Commonfund Capital closes second secondaries fund at $450m
(Hedgeweek) Commonfund Capital has held the closing of its second secondaries fund, Commonfund Capital Secondary Partners II with USD450 million of capital commitments sourced from investors including endowments, foundations, pension plans, insurance pools and family offices. To read this article:
CTAs continue positive run led by trend-following strategies
(Hedgeweek) Following on from an improvement in February and a strong March, April has been another positive month for CTAs. The SG CTA Index was up 2.76 per cent, and now it’s firmly in positive territory for 2019 year to […]
Drawbridge Partners acquires inCyber Security
(Hedgeweek) Drawbridge Partners, a cybersecurity consulting firm specialising in the needs of hedge fund and private equity managers, has acquired inCyber Security, inCyber Compliance’s consultancy division. To read this article:
Scaramucci celebrates hedge funds in Vegas at SALT with less glitz
(Reuters) – After a one-year pause, the hedge fund industry schmooze fest organized by Anthony Scaramucci, the investment manager who briefly served as President Donald Trump’s communications director, returned to the Las Vegas strip this week. To read this article:
Corporate currency hedging slows as FX volatility slumps
C(Reuters) – The striking calm in foreign exchange markets in recent months has led some U.S. multinational companies to scale back on guarding against currency gyrations, potentially leaving them vulnerable if volatility rebounds from near five-year lows. To read this […]
England Rugby World Cup Winner Luger Launching Equity Hedge Fund
(Bloomberg) Former England rugby union World Cup winner Dan Luger is starting a long/short equity fund called Monaco Alpha, adopting a different approach to some larger hedge funds that he says have lost their way. Luger, who scored 27 tries […]
Texas Pension Fund, PAAMCO Prisma Back New Hedge Fund
(Reuters) Two major institutional investors are backing Cinctive Capital, a new hedge fund being launched later this year by industry veterans Richard Schimel and Larry Sapanski, people familiar with the matter told Reuters. The Employees Retirement System of Texas, which […]
Cannabis Hedge Fund Aims to Go Long U.S. Stocks, Short Canada
(Bloomberg) A pot-focused asset manager run by the chairman of Curaleaf Holdings Inc. is launching a new hedge fund with an eye to going long on U.S. cannabis companies and shorting Canadian producers. Measure 8 Venture Partners LP is aiming […]
Investors and Managers Focus on Inclusive Capitalism at SALT
(Opalesque) Growing concerns over wealth inequality and environmental sustainability topped the list of hot topics at this year’s SALT Conference currently underway in New York. Many investors and managers spoke of creating a more inclusive capitalism from the stage.Nuveen CIO […]
SEC Charges Nevada Man Who Traded on Confidential Information Taken From Lifelong Friend
(HedgeCo.Net) The Securities and Exchange Commission today announced settled insider trading charges against a Nevada man who obtained confidential information about a pending corporate merger from a lifelong friend and used it to generate more than $250,000 in illicit trading […]