Monthly Archives: June 2017
Tudor’s New Event Hedge Fund Gaining 9% Is Bright Spot for Firm
(Bloomberg) As the strategy that made him a billionaire flounders, Paul Tudor Jones has found a new way to make money. Jones, who’s renowned for betting on macroeconomic trends, made his first foray into wagering on companies undergoing mergers and […]
Light Street Hedge Fund Jumps 43% Topping Tiger Cubs With Tech
(Bloomberg) Light Street Capital Management, the $1.1 billion hedge fund founded by Tiger Cub Glen Kacher, gained 42.6 percent in the first five months of the year on technology bets. Light Street’s flagship fund rose 11 percent in May, according […]
Adrangi’s Kerrisdale Sees Viasat Share Price Tumbling 50 Pct
(Reuters) Kerrisdale Capital, a small hedge fund managed by Sahm Adrangi who has built a reputation by betting against satellite companies, is taking on ViaSat Inc.’s, declaring its stock should be trading at half of its current price. In a […]
Trader Wins Ruling to Cut Divorce Payout to Ex-Husband
(Bloomberg) A London trader won a court ruling to cut her husband’s divorce settlement after judges said their “short, childless” marriage warranted a diversion from the U.K.’s tradition of enforcing an equal split of assets…. To read this article:
The Correction In Tech Everyone Was Hoping For, But Won’t Take Advantage Of
(Harvest) Fear and greed are as old as the Garden of Eden. For many market participants, these are crippling emotions, often causing individuals to sell and buy at the wrong time. The market is extremely good at triggering these emotions, […]
Uncomfortably Bullish: Three Causes for Potential Concern within a Constructive Outlook
(Harvest) Highland CIO and co-founder Mark Okada appeared on Bloomberg Daybreak: Americas at the end of May to provide an update on Highland’s view on markets and an outlook for the remainder of the year. The firm remains, as Okada […]
BNY Mellon Taps SS&C’s Salvage To Lead Global Hedge Fund Services
(FINalternatives) Bank Of New York Mellon has named hedge fund industry veteran and former SS&C executive Peter Salvage as the firm’s global head of hedge fund services. To read this article:
SEC Charges Former Staffer With Securities Fraud Violations
(HedgeCo.Net) The Securities and Exchange Commission has charged a former employee with securities fraud in connection with his trading of options and other securities. The SEC’s complaint alleges that David R. Humphrey, who worked at the SEC from 1998 to […]
Lyxor: Hedge Fund Index Falls -0.2% For Second Straight Week As Global Macro Stumbles
(FINalternatives) Hedge funds slipped again last week as global macro funds underperformed, according to new data from Lyxor Asset Management, although the company’s CTA Index rebounded from recent losses. To read this article:
Viking CIO Sundheim to Depart; $8bn to be Returned to Investors
(FINalternatives) Andreas Halvorsen’s hedge fund manager Viking Global Investors will return upwards of $8 billion this summer amid news its chief investment officer is leaving the company. Dan Sundheim, who was CIO of the $32 billion manager since 2014 and […]
No Haven for Hedge Funds in Tech Rout as Shorts Don’t Cooperate
(Bloomberg) It’s a rough day when your shorts turn against you just as virtually every major stock benchmark is tumbling. Such was the plight of hedge funds Monday, as bearish bets on energy and industrial companies backfired even as their […]
Hedge Funds Turn Bearish on US Natural Gas
(Reuters) Hedge funds have turned much more bearish towards U.S. natural gas prices after stocks built much more than expected at the start of the summer cooling season. Hedge funds and other money managers cut their net long position in […]