Monthly Archives: June 2017
HFRX Global Hedge Fund Index Up +0.24% In May, +2.34% YTD
(FINalternatives) Hedge funds eked out a gain last month as global financial markets turned in mixed performances and volatility lessened following sharp swings surrounding the French election and political unrest in Brazil. To read this article:
Barclays Wins Trader Lawsuit
(HITC Business) A Barclays trader fired amid a global probe into foreign-exchange market manipulation lost his lawsuit against the bank after a judge ruled the bank was right to dismiss him for revealing confidential information to rivals and using sexually […]
Third Point, Marcato Up in May; JANA Slips 0.7%
(FINalternatives) Three well-known hedge fund managers – Dan Loeb’s Third Point, Barry Rosenstein’s JANA Partners, and Mick McGuire’s Marcato Capital Management – have flashed preliminary results for May. To read this article:
One of the Most Anticipated Hedge Fund Launches of 2017 Keeps Raising Money
(The Business Insider) One of the most anticipated hedge fund launches of the year continues to rake in fresh money, despite a rough start in terms of performance. Ben Melkman’s Light Sky Macro dropped about 3.5% from March through the […]
Bill Ackman On The Industry, Valeant And Retail
(Harvest) Bill Ackman, the founder of the well-known Pershing Square Capital hedge fund, is making a comeback, or so he hopes. He spoke at this year’s SALT conference, which also had Dan Loeb and Joe Biden as highlighted speakers. Ackman […]
In Venezuela, Goldman Found a Hot Deal and a Moral Mess
(New York Times) If a deal looks too good to be true, it may just be. Money managers at Goldman Sachs bought $2.8 billion face value of Petroleos de Venezuela bonds at a deep discount last week, attracting the ire […]
LGT Capital Partners Completes Acquisition Of European Capital Fund Management
(FINalternatives) Swiss alternative investment manager LGT Capital Partners has completed its purchase of private debt specialist European Capital Fund Management from affiliates of Ares Capital. To read this article:
Hedge Fund Commodity Bulls Misread The Market
(Mining.com) After twelve months building momentum (with a big wobble in the middle) hedge funds bullish bets on commodities hit at a record high in February this year.Turns out the smart money was too optimistic about the strength and length […]
Campaign Promises and Political Reality
(Harvest) President Donald Trump won the presidency with a platform focused in part on bringing manufacturing jobs back to the United States, promising to usher in a new “Industrial Revolution.” In 2016, manufacturing accounted for approximately 12% of U.S. GDP, […]
KKR Prisma, PAAMCO Complete Merger To Create $30B Alternatives Company
(FINalternatives) Fund of hedge funds manager Pacific Alternative Asset Management Company has completed its strategic transaction with KKR’s hedge fund allocation unit Prisma Capital Partners, creating a leader in the fund of funds and liquid alternative space. To read this […]
South African Equity Hedge Fund Returns Up +3.6% (+7.6% Ytd)
(Opalesque) Hedge Funds serviced by Peregrine performed well for the month of April, very much in line with the positive market sentiment that saw all sectors across the local bourse end the month well in the black. The political environment […]
Founder Run Companies Outperform
(Harvest) Our hypothesis nine years ago was that the world was moving towards more founder centrism™ – founder-run companies and that these companies would perform exceptionally well over time, particularly in environments that are highly volatile and require agile decision-making. […]