Monthly Archives: May 2018
Chinese Firm Scraps Deal to Buy Anthony Scaramucci’s Hedge Fund
(New York Times) posted on Tue 1 May 2018 Permalink Print Anthony Scaramucci, the Wall Street investor whose short tenure as President Trump’s White House communications director elevated him to national prominence, is not going to sell his hedge fund […]
Hedge Funds Take Higher U.S. Bond Yields Bet to Record Levels
(Reuters) The 10-year U.S. Treasury yield’s rise above 3 percent last week for the first time in over four years may be cause for concern across wide swathes of financial markets, such as equities and emerging markets. To read this […]
Sainsbury’s Move for Asda Sees Some Hedge Funds Caught Out
(Reuters) A popular hedge fund bet on a fall in Sainsbury’s (SBRY.L) shares came unstuck on Monday after the supermarket group announced plans to merge with Walmart-owned WMT.L rival Asda. The deal, which would see the combined group leapfrog Tesco […]
Hedge Funds Throw Record Bets on Rising Gasoline Prices
(Bloomberg) Money managers are going all in on gasoline. Hedge funds boosted bets on rising gasoline prices to the highest on record. That’s as futures for the motor fuel jumped to the highest since August amid robust demand and inventories […]
Greenlight Hedge Fund Falls 1.1% in April, Extending Decline
(Bloomberg) David Einhorn’s main hedge fund at Greenlight Capital fell 1.1 percent in April, extending its loss this year to 14.9 percent, according to a client update seen by Bloomberg. The performance for his value-investing hedge fund strategy compares with […]
Point72 Hedge Fund Names Dan Lota as Head of U.S. Trading
(Bloomberg) Steve Cohen’s hedge fund, Point72 Asset Management, named Dan Lota as head of U.S. trading. Lota, who has worked for Cohen for 15 years, was acting head of U.S. trading for the past six months, the Stamford, Connecticut-based firm […]
Goldman Traders Shared Confidential Info In Chat Rooms, Regulators Say
(CNN International) The bank was fined $110 million on Tuesday by the Federal Reserve and a New York state financial agency. To read this article:
Bulls Flee Buffett’s China Investment as Shares Lose $9 Billion
(Bloomberg) The rout in BYD Co. shares is nearing $9 billion as investors desert what was the world’s top stock only months ago…. To read this article:
RBC Raises Target For US Yields
(The Technical Analyst) RBC raises target for US yields The US 10-year yield is testing key resistance between 3.00 and 3.05, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets. After hitting his prior target of 3.00, […]
This Hedge Fund Trade Is Stirring Fresh Controversy in the CDS Market
(Bloomberg) It seemed like a sure-fire bet: short the debt of a highly leveraged newspaper company that’s losing money. And for a while, it worked as investors piled up almost $500 million of wagers by buying credit-default swaps on the […]
A Hot Crypto Hedge Fund Keeps Poaching Wall Street bankers
(The Business Insider) Cryptocurrency hedge fund BlockTower Capital keeps scooping up talent from Goldman Sachs, as Wall Streeters continue to flee big banks in favor of bitcoin firms. Steve Lee, a former portfolio manager and trader at Goldman, is one […]
Hedge funds fall in line with market downturn
(Hedgeweek) Hedge funds were down in sync with the wider market downturn last week, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team. To read this article: