Monthly Archives: June 2016
Brexit Vote Likely to Put Fed Interest Rate Hikes on Hold
(FinAlternatives) Britain’s shock decision to leave the European Union will have far-reaching consequences for the global economy, but in the short term a major consequence is an almost certain delay in the pace of monetary policy normalization in the United […]
Brexit Winners Emerge in Hedge-Fund Community Amid Market Chaos
(Bloomberg) Hours after Britain’s decision to leave the European Union sparked mayhem across global financial markets, a handful of prescient investors began to emerge as big winners. Hedge fund manager Crispin Odey, an advocate of a British exit, gained more […]
Hedge Funds Win World-Beating Rally With Record Gold Holdings
(Bloomberg) Unlike most of the world, gold investors got it right when it came time to betting on the Brexit vote. They were rewarded with a world-beating rally. Hedge funds boosted their bets on price gains for bullion to an […]
Hedge Funds Were Most Bullish on Bonds Since 2004 Before Brexit
(Bloomberg) Futures speculators were the most bullish since 2004 on Treasury bond futures in the lead-up to this week’s U.K. referendum on European Union membership.Hedge funds and other traders boosted net-long positions on bond futures to 103,471 contracts as of […]
Soros looks set to make a killing on Brexit result
(MarketWatch) George Soros may be getting rich on an implosion in British markets — again.The landmark vote in the U.K. to leave the European Union has rocked global markets, sending the British pound GBPUSD, -2.0254% to its lowest level in […]
Brexit Selloff Brings Out Contrarian Instincts Among Some Investors
(FinAlternatives) Despite the old adage about trying to catch falling knives, the global stock market selloff that has followed Britain’s decision to leave the European Union has some opportunistic U.S. managers already moving in the opposite direction. To read this […]
Blackstone Takes Minority Stake in Marathon Hedge Fund
(Marketwatch) Blackstone Group acquired a minority stake in debt investment manager Marathon Asset Management LP. New York firm Blackstone invested in Marathon, which holds about $12.8 billion in assets under management, from its Blackstone Strategic Capital Holdings LP fund… To […]
Market Neutral Funds: The Best and Worst of May
(Daily Alts) Market Neutral Funds The Best and Worst of MayMarket neutral mutual funds and ETFs bounced back in May, gaining an average of 0.12% after losing 0.62% in April. Of the category’s 61 funds, only 21 posted losses in […]
Merrill Lynch to Pay $415 Million for Misusing Customer Cash and Putting Customer Securities at Risk
(HedgeCO.NET) — The Securities and Exchange Commission today announced that Merrill Lynch has agreed to pay $415 million and admit wrongdoing to settle charges that it misused customer cash to generate profits for the firm and failed to safeguard customer […]
Europe Stocks Set for Worst Drop Since 1987 as U.K. Votes Leave
(Bloomberg) European stocks tumbled, poised for their biggest plunge in decades, after the U.K. voted to leave the European Union, putting an end to investor optimism that pushed equities up for five straight days. The Stoxx Europe 600 Index sank […]
Carney Pledges $345 Billion to Fund First Line of Brexit Defense
(Bloomberg) Mark Carney said the Bank of England is ready to pump billions of pounds into the financial system as he stands at the front line of Britain’s defense against a Brexit-provoked market crisis. The BOE governor declared that the […]
Gross, Ivascyn See Flight to Havens in Historic Brexit Jolt
(Bloomberg) Investors should turn toward havens like bonds and away from stocks as markets sort through the repercussions of the U.K. referendum to exit the European Union, according to money managers Bill Gross and Dan Ivascyn. “Obviously safe-haven bonds instead […]