Monthly Archives: June 2016
Hedge Fund Managers Work To Stanch Loss Of Investors
(Deal Book) Hedge fund titans once ran their firms like elite private clubs, picking who made it past the velvet rope and how much they would pay for access to supercharged performance.Years of poor performance have now led a number […]
Pound Judgment Day Means Either Drop To 30-Year Low Or 5% Rally
(Bloomberg) June 24 will be a day of superlatives for the pound, whichever way Britain votes. The day after next week’s referendum on European Union membership, the pound will either sink to the lowest level in more than three decades […]
Hedge Funds Are Doubling Down On These Five Stocks
(Insider Monkey) Our analysis of the latest round of 13F filings has shown a number of stocks that saw increased interest from hedge fund managers, that more than doubled the value of hedge funds’ holdings at the end of the […]
SEC Issues $17 Million Whistleblower Award
(HedgeCo.NET) The Securities and Exchange Commission today announced a whistleblower award of more than $17 million to a former company employee whose detailed tip substantially advanced the agency’s investigation and ultimate enforcement action. The award is the second-largest issued by […]
Two Top Firms Said to be Shedding Staff
(HITC) UBS, which said last month it’s looking for ways to cut costs, is eliminating some management positions in its U.S. wealth unit and reducing the number of financial advisers recruited from competitors…..And Goldman Sachs has cut staff in Russia […]
BlackRock: What you should take away from Icahn, Soros bearishness
(CNBC) We might be at the very end of this economic cycle, and the remarks by legendary investors Carl Icahn and George Soros signal it, said Jeff Rosenberg, BlackRock’s chief investment strategist for fixed income. “I think the message there […]
Hedge Fund Investors Seek CTAs in 2016
(Hedgeweek) The latest report from Preqin finds that increasing numbers of active investors and a positive general view of performance among existing investors have driven inflows into CTAs over recent quarters. The number of institutional investors actively investing in CTAs […]
Lincoln’s Cooper Shifts to Private Equity as Hedge Funds Falter
(Bloomberg) Ellen Cooper, the former Goldman Sachs Group Inc. money manager who is chief investment officer at Lincoln National Corp., plans to boost the insurer’s holdings of private equity while reducing allocations to hedge funds. By 2018, about 90 percent […]
Position Concentration Continues At Hedge Funds
(Harvest) If one examines the horrible performance at some of the largest and well known hedge funds,one would reach the conclusion that overly large position concentration and a lack of a risk management methodology would be the predominant causes of […]
Macro Hedge Funds – Dispersion In Asset Classes And Style
(Harvest) All macro hedge funds are not alike. Macro/CTA’s have had modest performance this year, but specialty managers have generated stronger gains. There are wide differences in performance of managers who specialize by asset class or style of trading. This […]
Hedge Fund Starts Testing Swedish Central Bank’s Krona Resolve
(Bloomberg) Hedge fund Ambrosia is betting the Swedish central bank will let its guard down on the krona after turning the corner in its battle to revive inflation. As inflation expectations also head up, policy makers will be able to […]
Kerviel Wins $517,000 as Judge Attacks SocGen Over Firing
(Bloomberg) Jerome Kerviel, who was convicted of causing a record $5.6 billion trading loss at Societe Generale SA, won more than half a million dollars in compensation as a Paris judge berated the lender for its role in the affair…. […]