Monthly Archives: June 2019
Hedge Funds Hold Out Hope for Kiwi Even as Second Rate Cut Looms
(Bloomberg) Positive signs may be emerging for the world’s worst-performing major currency. To read this article:
Hedge Funders Study Alternative Warfare, Julius Caesar for 2019’s Summer Book List
(Bloomberg) The first day of summer in the Northern Hemisphere means reading season has begun. Yet with the globe’s economic outlook complicated by a trade war, Mideast tension and a murky outlook for monetary policy, investors are shunning their usual […]
Soybeans Could Be Next Market to Surge as U.S. Showers Drag On
(Bloomberg)Corn prices have been on an epic run. Now, soybeans could soon be catching up. With more rains forecast for the U.S. Midwest, oilseed plantings are under threat and hedge funds are backing away from their bearish wagers. To read […]
Global hedge fund industry AUM grows by $0.5bn as of May 2019 YTD: Eurekahedge
(Opalesque) The global hedge fund industry AUM has grown by $0.5bn as of May 2019 year-to-date, said the June 2019 Eurekahedge report. Final Q1 2019 net outflows figure stood at $46.4bn, just under half of the investor redemptions totalling $94.7bn […]
US financial services firms advance rapidly with artificial intelligence
(Opalesque) A large number (84%) of surveyed US financial services corporations revealed they are either currently in or past the “enlightenment age” of artificial intelligence (AI), said a survey. According to Broadridge’s AI Outlook Survey for 2019, firms are using […]
SS&C GlobeOp Forward Redemption Indicator up 3.81% in June
(Opalesque) The SS&C GlobeOp Forward Redemption Indicator for June 2019 measured 3.81%, up from 3.21% in April. “SS&C GlobeOp’s Forward Redemption Indicator of 3.81% for June 2019 reflects lower redemptions compared to 4.17% reported for the same period a year […]
Highfields Spinoff Solel Partners to Start Trading Later This Year
(Reuters) Solel Partners is expected to start trading with more than $400 million in capital later this year, after the new hedge fund received commitments from pensions, endowments and the founders’ former boss, who ran hedge fund Highfields Capital, two […]
U.S. Top Court Takes on Puerto Rico Financial Oversight Board Dispute
(Reuters) The U.S. Supreme Court on Thursday agreed to decide whether members of Puerto Rico’s federally created financial oversight board were lawfully appointed in a dispute that could disrupt the panel’s restructuring of about $120 billion of the bankrupt U.S. […]
Walmart to Pay $144-Million To Settle FCPA Violations
(HedgeCo.Net) The Securities and Exchange Commission has charged Walmart with violating the Foreign Corrupt Practices Act (FCPA) by failing to operate a sufficient anti-corruption compliance program for more than a decade as the retailer experienced rapid international growth. Walmart agreed […]
Data mining is top AI priority for financial services firms, says Broadridge survey
(Hedgeweek) The financial services industry’s top priority for AI applications is data mining, according to the second annual AI Outlook Survey from Broadridge Financial Solutions. To read this article:
Euerkahedge Hedge Fund Index down 0.71 per cent in May
(Hedgeweek) The Eurekahedge Hedge Fund Index was down 0.71 per cent in May, bringing its year-to-date return to 4.32 per cent. Roughly 15.0 per cent of the hedge fund managers comprising the index have recorded double-digit gains over the first […]
Nomura Alternative Investment Management launches Diversified Absolute Return UCITS Fund
(Hedgeweek) Nomura Alternative Investment Management (NAIM), a London and Paris-based quantitative investment manager within Nomura Group has launched the Nomura Diversified Absolute Return UCITS Fund. To read this article: