Monthly Archives: June 2018
WPT sees ‘significant’ risk of market downturn
(Hedgeweek) Quantitative hedge fund WPT believes there’s a ‘significant’ risk of a market correction in 2018 and is preparing for probable market turbulence. To read this article:
GMEX takes lead role in creation of new exchange trading ecosystem in Mauritius
(Hedgeweek) GMEX Group, a provider of multi-asset exchange trading, post trade business solutions and technology, has taken a leading role in the initial consortium to launch the Mauritius International Derivatives and Commodities Exchange (MINDEX), through the GMEX Market Advancement Programme […]
Scaramucci’s SkyBridge sues Premium Point Investments
(Reuters) SkyBridge Capital II LLC said on Monday it was suing Premium Point Investments LP, claiming it lost nearly $80 million because the investment service inflated the value of its hedge fund assets. To read this article:
U.S. rate allure sparks record hedge fund dollar buying, euro capitulation
(Reuters) Hedge funds are loading up on bullish dollar bets at the fastest pace on record, taking the Fed’s recent hawkish signal on interest rates at face value and going long the greenback for the first time in a year. […]
Hedge funds on hold in run up to OPEC meeting:
(Reuters) Hedge funds left their positions largely unchanged in the run up to last week’s meetings among oil ministers from the Organization of the Petroleum Exporting Countries and its allies. Hedge funds and other money managers trimmed their combined net […]
Hedge Fund Bets on Japanese Stocks That Shouldn’t Be Listed
(Bloomberg) An Oslo-based hedge fund’s love for unloved Japanese stocks has proved a winning passion for more than a decade. “Our model is good at identifying companies that shouldn’t be listed,” Trond Hermansen, who manages Sector Zen with analyst Lars […]
Brexit’s Big Short: How Pollsters Helped Hedge Funds Beat the Crash
(Bloomberg) Sky News projected the words “IN OR OUT” across the top of a London building as an orchestral score ratcheted up the tension. “In or out—it is too late to change your mind,” declared Adam Boulton, the veteran anchor, […]
Decentralised exchange DEx.top launches with over 10,000 users
(Hedgeweek) DEx.top, a decentralised cryptocurrency exchange incubated by Bitmain and based in Switzerland, has launched successfully after completing a two-week trial period. The platform has performed over 1,400 ETH in trading volume and signed around 10,000 new users. Three new […]
Baffled by OPEC, Hedge Funds Leave Oil Bets Up in the Air
(Bloomberg) In the lead up to OPEC’s meeting last week, investors were playing a waiting game. Hedge fund wagers on the direction of crude prices barely budged, and an obscure decision on Friday didn’t do much to dispel the uncertainty. […]
ADGM launches crypto asset regulatory framework for MENA region
(Hedgeweek) Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has launched its framework to regulate spot crypto asset activities, including those undertaken by exchanges, custodians and other intermediaries. To read this article:
A Former U.S. Attorney And Lieutenant Governor of Kentucky, Misled Investors And Auditors
(HedgeCo.Net) a federal court has entered a final judgment against Stephen B. Pence, the former chairman and majority shareholder of General Employment Enterprises (GEE), in a case alleging that he misled the company’s auditors and investors by concealing his knowledge […]
CalSTRS Hires Scott Chan as Deputy Chief Investment Officer
(HedgeCo.Net) The California State Teachers’ Retirement System today announced the hiring of Scott Chan as the new deputy chief investment officer. Mr. Chan begins his tenure on August 1 and will report directly to CalSTRS Chief Investment Officer Christopher J. […]