Monthly Archives: June 2016
Hedge Funds Are Betting On You
(The Business Insider) A new report shows which industries some of the world’s biggest hedge funds are investing in. And the short version is that they’re betting on you, the consumer. The world’s ten largest long/short equity funds are bullish […]
SEC Charges Connecticut-Based Investment Adviser for Failure to Disclose Fees to Clients
(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges against Connecticut-based investment adviser Momentum Investment Partners LLC (doing business as Avatar Investment Management), and one of its principals, Ronald J. Fernandes, for failing to disclose to some of Avatar’s […]
U.S. Repays $6 Million to Hedge Fund in Insider-Trading Reversal
(Bloomberg) Strike $6 million from the total that Manhattan U.S. Attorney Preet Bharara extracted from hedge funds and executives caught in his seven-year insider-trading dragnet. U.S. prosecutors have agreed to return that amount to Diamondback Capital Management LLC in a […]
Hedge-Fund Exile Trades Graphs for Grapes to Challenge Champagne
(Bloomberg) For centuries the rolling hills of Sussex in southern England have grown barley for local beer brewers. Now former hedge-fund manager Mark Driver is replacing the grain on his land with grapes in a bid to challenge Champagne. Driver, […]
Hedge Fund Taylor Woods Said to Lose 7% this Year On Commodities
(Gulf News) Taylor Woods Capital Management, one of the world’s best performing hedge fund firms in 2015, lost 7.3 per cent in the first five months of the year as bets on commodities soured, according to a letter to investors […]
UBS Betting on Hedge Funds as Cure for Low Sovereign Returns
(Bloomberg) UBS Group AG is advising its wealthiest clients to stick with hedge funds even after the $2.9 trillion industry had its worst start to a year since 2008. While the days of “double-digit and triple-digit returns” for hedge funds […]
Adviser Steered Investor Money to His Own Companies
(HedgeCo.Net) The Securities and Exchange Commission today charged a North Carolina-based investment adviser with defrauding investors by secretly steering portions of real estate-related investments into deals with companies that he owned or operated himself. The SEC alleges that Richard W. […]
PIMCO Total Return Suffers Nearly $1B in Outflows in May
(Reuters) – Investors pulled approximately $1 billion from the PIMCO Total Return Fund, one of the world’s largest bond funds, in May following cash withdrawals of the same amount the previous month, the Newport Beach, California-based firm said on Thursday. […]
Identifying Hedge Fund Crowding
(Harvest) This piece follows the approach of our earlier articles on crowding: We processed regulatory filings of over 1,000 hedge funds and created a position-weighted portfolio (HF Aggregate) consisting of all tractable hedge fund long U.S. equity portfolios. We then […]
Investors Rush To Commodities Hedge Funds
(Valuewalk) The hedge fund industry just can’t seem to catch a break this year….However, there’s one section of the hedge fund world that seems to be doing better than others. After years of haemorrhaging clients and cash, commodities hedge funds […]
Calderwood Launch Brings New Independent Director Firm to Cayman Islands
(HedgeCo.Net) Ushering in a new benchmark for fund governance in the Cayman Islands, Calderwood has officially launched and is now open for business, providing experienced independent directors to a range of investment vehicles. Calderwood has been formed by Ronan Guilfoyle […]
Hedge Fund Marcato’s Main Fund up 1.2 Pct, Encore Fund up 4 Pct in May
(Reuters) Activist hedge fund Marcato Capital Management’s main portfolio climbed 1.2 percent in May as some of its biggest investments, Bank of New York Mellon and Sotheby’s, performed better.The May returns helped shrink the fund’s year-to-date decline to 8.7 percent […]