Monthly Archives: May 2018
Hedge Funds are Beating The Market for The First Time in 10 Years
(CNBC) Thanks to higher volatility, the rally in energy prices and some well-placed bets in fixed income, managers in the $3.2 trillion hedge fund industry posted a 0.38 percent gain in April that brings the total return for the year […]
Bridgewater Hedge Fund Beats Peers, Cuts Europe Shorts
(Bloomberg) Bridgewater Associates, the hedge fund firm led by billionaire Ray Dalio, is outperforming peers this year even after losing money in April, according to a person with knowledge of the matter. To read this article:
Visium Will Pay $10 Million Over Former Traders’ Misconduct
(Bloomberg) Embattled hedge fund Visium Asset Management will pay more than $10 million to settle a U.S. regulator’s allegations that it illegally profited from former traders’ misconduct, likely closing a sweeping investigation that led to criminal charges against individuals and […]
HK Fund Oasis, Objecting to Japan’s Alps-Alpine Merger, Submits Proposals
(Reuters) Hong Kong-based hedge fund Oasis Management stepped up on Wednesday its fight against Alpine Electronics Inc’s plans to sell itself to larger affiliate Alps Electric Co, submitting proposals ahead of a June shareholder meeting. Oasis, which holds a 9.9 […]
Hedge Fund Firm Charged for Asset Mismarking and Insider Trading
(Hedgeco.Net)The Securities and Exchange Commission today announced the hedge fund advisory firm Visium Asset Management LP has agreed to settle charges related to asset mismarking and insider trading by its privately managed hedge funds and portfolio managers. Separately, the firm’s […]
Hedge funds back in the black despite losses for emerging markets focused funds
(Hedgeweek) Hedge funds successfully traded their way around an overwhelming month in April and were up 0.56 per cent, while underlying markets as represented by the MSCI World Index gained 1.18 per cent during the month. To read this article:
Lack of Wall Street Back-Office Deters Mainstream Crypto Investments
(Reuters) Mundane back-office concerns are giving pause to potential investors in digital currency hedge funds who have otherwise warmed up to the volatile asset class.Traditional custodian banks such as Bank of New York Mellon Corp (BK.N) and State Street Corp […]
The April U.S. Jobs Report: Will It Impact The Fed’s Rate-Hike Plan?
(Harvest) On the latest edition of Market Week in Review, Senior Investment Strategist Paul Eitelman and Rob Cittadini, director, Americas institutional, discussed the U.S. employment report for April, newly-released economic data from the Eurozone, and the status of trade talks […]
Three quarters of alternative fund administrators expecting industry consolidation
(Hedgeweek) A majority of alternative fund administration firms – 74 per cent – expect consolidation in the alts fund admin space, according to the just-released eVestment Alternative Fund Administration 2018 survey. To read this article:
Deutsche Bank Point Man for Hedge Funds, Barry Bausano, to Leave
(Bloomberg) Deutsche Bank AG’s Barry Bausano, a longtime senior executive overseeing its relations with hedge fund clients, is leaving as the firm shakes up its U.S. operations. Bausano, 54, has helped lead efforts to retain big trading clients in recent […]
An Aggressive Hedge Fund Bucks Stock Rout by Pushing Japan Firms
(Bloomberg) One Japanese hedge fund posted a gain in the first three months of 2018, even as a rout rocked global equity markets. Its secret, says founder Tsuyoshi Maruki, was twofold. First, Strategic Capital Inc. invested in companies that were […]
ValueAct Builds $1.2 Billion Stake in Undervalued Citigroup
(Bloomberg) The activist fund ValueAct Capital Management has amassed a $1.2 billion stake in Citigroup Inc., arguing that the bank long seen as trailing its sector is positioned for success by providing the “plumbing” multinational corporations need to operate. The […]
