Monthly Archives: June 2018
Northern Trust Partners with Lumint on FX
(Opalesque) Northern Trust announced today it has partnered with Lumint Corporation, an innovative provider of currency management services, to enhance its suite of foreign exchange (FX) solutions for asset managers and asset owners globally.The partnership with Lumint strengthens Northern Trust’s […]
An Alleged $102 Million Ponzi Scheme Targeting Investors Is Shut Down
(HedgeCo.Net) Federal Charges have been filed against the individuals and companies behind an alleged $102 million Ponzi scheme that bilked investors throughout the U.S. According to a complaint filed by the SEC, the defendants defrauded more than 600 investors through […]
Hedge funds up 0.33 per cent in May
(Hedgeweek) Hedge funds posted their second consecutive month of gains, up 0.33 per cent in May and 0.48 per cent year-to-date To read this article:
Hedge funds continue gently selling oil while watching OPEC and tariffs
(Reuters) Investors continued to reduce their overall bullish position in petroleum, but profit-taking concentrated on fuels while signs of stabilization emerged in crude. Hedge funds and other money managers cut their combined net long position in the six most important […]
Hedge Fund Pelorus Jack Capital Is Said to Close After One Year
(Bloomberg) Pelorus Jack Capital, a long-short equity hedge fund started by an alum of John Burbank’s Passport Capital, is shutting after about a year of trading, according to people with knowledge of the matter. The firm raised almost $250 million […]
Hedge Funds Lose $1.9bn in April, says BarclayHedge
(Hedgeweek) Hedge fund investors turned cautious in April 2018, according to the Barclay Fund Flow Indicator, even as the equities markets rebounded and volatility began to calm down. Industry assets levelled off at an all-time high of USD3.0 trillion. Data […]
Hedge Funds Score Hat Trick With Euro, Yield Curve, Volatility Bets
(Reuters) The euro is weakening, the U.S. yield curve is flattening, volatility is falling and last week, hedge funds were on the right side of all three moves. The euro had its biggest fall in two years last Thursday, the […]
Hedge Funds Are Already Starting To Bet On The Next Financial Crisis
(CNBC) A growing number of US hedge funds specializing in distressed debt are raising money in anticipation that the next economic downturn will punish companies that have borrowed record amounts since the financial crisis…. To read this article:
How Apple’s Tim Cook Became Tech’s Top Diplomat
(New York Times) Apple’s chief executive, Timothy D. Cook, may be the leader of the world’s most valuable public company,…Last month he visited the Oval Office to warn President Trump that tough talk on China could threaten Apple’s position in […]
Why Does The Taxman Hope You’ll Invest In Hedge Funds This Year?
(Seeking Alpha) Many of those high fees that hedge fund investors are paying are no longer deductible for the taxable investor in the United States. Since many of the fees are not deductible for tax purposes, almost the entire gross […]
Investment Team Travelogue: India’s Changing Mindset
(Harvest) India is changing socially and economically, with financials, telecoms and IT paving the way and providing attractive, long-term investment opportunities. Read more in this new Investment Team Travelogue: India’s Changing Mindset. To read this article:
Merrill Lynch Admits to Misleading Customers about Trading Venues Will Pay $42 Million Penalty to Settle Charges
(HedgeCo.Net) The Securities and Exchange Commission has charged Merrill Lynch, Pierce, Fenner & Smith with misleading customers about how it handled their orders. Merrill Lynch agreed to settle the charges, admit wrongdoing, and pay a $42 million penalty. According to […]