Monthly Archives: June 2019
Billion-Dollar Swedish Hedge Fund Happy With Stocks Blowing Up
(Bloomberg) Short sellers are getting paid as investors are losing their tolerance for failure.“The environment for shorting has improved a lot this year and last year,” said Per Johansson, chief investment officer at Stockholm-based Bodenholm Capital AB. To read this […]
Australian Hedge Fund Bags 74% Gain on Millennials and Iron
(Bloomberg) Millennials’ shopping habits have helped fuel hefty gains at an Australian hedge fund this year. To read this article:
Wall Street Takes on Long-Term Care Payouts as Insurers Balk at Costs
(Reuters) Some U.S. insurers are turning to Wall Street’s financial wizards for relief from the liabilities of their long-term care (LTC) policies, posing a challenge for regulators worried about how new industry players will tackle the risks involved. To read […]
Mark R. Freeman launches Socorro Asset Management
(Opalesque) Socorro Asset Management LP, a long only asset management firm, will launch on July 1, 2019. Mark Freeman, founder and Chief Investment Officer, will manage the long only, multi-asset strategy targeting low volatility. Freeman is the former Chief Investment […]
Global Hedge Fund Redemptions Continue For A Second Straight Month
(Opalesque) The pace of hedge fund redemptions slowed in April but continued for a second straight month with $9.4 billion in net outflows worldwide, down from $11.0 billion in March. Despite the outflows, industry assets under management increased to more […]
Cheyne European Strategic Value Credit Fund closes on $1bn
(Opalesque) Bailey McCann, Opalesque New York: London-based Cheyne Capital Management has closed its inaugural European Strategic Value Credit Fund at the €1bn hard cap. The fund was significantly oversubscribed. To read this article:
Lazard Asset Management expands Quantitative Equity Platform
(Opalesque) Opalesque Industry Update: Lazard Asset Management LLC (LAM), today announced the expansion of its quantitative equity platform with the addition of a San Francisco-based investment team. The new Lazard U.S. Systematic Equity team comprised of Oren Shiran, Philip Summe, […]
JPMorgan to convert Highbridge multi-strategy fund into credit fund
(Reuters) – JPMorgan Chase & Co plans to convert its $2 billion Highbridge multi-strategy fund into a credit-focused fund as the bull market shows signs of slowing and clients want to invest elsewhere, a company spokesman said on Tuesday. To […]
Hedge funds sell more oil, but balance of risks is shifting
June 17 (Reuters) – Hedge fund managers sold yet more oil last week as a weaker outlook for the global economy and expectations of a hit to consumption more than offset concerns about sanctions on Iran and Venezuela and other […]
Amateur Quants Are Suddenly Everywhere in China
(Bloomberg) China’s individual investors are catching quant fever. Armed with cheap computing power and free online software, thousands of amateurs across the country are building trading algorithms that were once only available to market pros. JoinQuant, China’s most popular do-it-yourself […]
Alma Capital to Acquire DWS Global Hedge Fund UCITS Business
(HedgeWeek) Alma Capital Investment Management is to acquire DWS’s Hedge Fund UCITS business, which provides investors with access to liquid alternative investment strategies in regulated UCITS funds through the DB Platinum fund range. The DWS Hedge Fund UCITS business selects […]
India’s Exotic Funds Are a $40 Billion Time-Bomb for Investors
(Bloomberg) Even as the fate of India’s shadow banks swings precariously between unexpected defaults and sudden downgrades, there’s trouble brewing in another unlit corner of finance. Exotic funds, designed for wealthy investors, have grown to $40 billion from nothing in […]