Monthly Archives: June 2017
Hedge Fund Excalibur Bets Riksbank Will Tighten by End of Year
(Bloomberg) Sweden’s central bank will likely begin raising interest rates already this year, grabbing a head start on its larger counterpart in Frankfurt in the race to unwind Europe’s unprecedented stimulus drive.That’s the view of hedge fund Excalibur Asset Management, […]
Loeb’s Third Point Targets ‘Staid’ Nestle For Change
(Reuters) Activist investor Daniel Loeb’s Third Point LLC on Sunday unveiled a stake of more than 1 percent in Switzerland’s Nestle SA (NESN.S) and urged the world’s largest packaged foods maker to improve margins, buy back stock and shed non-core […]
Jury Selection to Begin in Martin Shkreli Trial
(Fox Business) Jury selection is set to begin Monday in the federal securities-fraud trial of Martin Shkreli, the former pharmaceutical executive and social-media provocateur who rose to international infamy two years ago for his decision to dramatically raise the prices […]
Asset Managers Are Braced Ahead of Final Industry Report From City Watchdog
(City A.M) Asset managers will be preparing themselves as the week begins ahead of a comprehensive industry review, due to be published on Wednesday, by the Financial Conduct Authority (FCA). The review, which was launched in 2015, aims to overhaul […]
Barclay CTA Index Gains 0.06% in May (+0.67% YTD)
(Opalesque) Opalesque Industry Update: Managed futures traders gained 0.06% in May according to the Barclay CTA Index compiled by BarclayHedge. Year to date, the Index has lost 0.67%.Four of Barclay’s CTA indices had gains in May, and four had losses. […]
Rokos Capital Management Taps Wilson For EM Role
(FINalternatives) Chris Rokos’ macro hedge fund manager Rokos Capital Management has hired former Credit Suisse executive Robin Wilson as the $6.8 billion fund builds out staff. To read this article:
Hedge Funds Made Repeated Attempts to Invest in Veneto Banks
(Reuters) A group of four international investment funds offered to inject 1.6 billion euros ($1.79 billion) of fresh capital into two ailing Italian banks in Veneto at the end of May, sources told Reuters, but their plan was not pursued […]
Northern Trust – EIU Survey – “See” the risk – “Know” the risk
(Harvest) The Northern Trust/EIU Transparency in Alternatives Investing Survey 2017focuses on some important investment considerations from investors around the world. Once again the most important issue seems to be the degree of transparency provided by managers. This applies to both […]
Mixing Collateral With a Managed Futures Portfolio
(Harvest) In an earlier post we discussed the issue of using capital more efficiently in a managed futures investment. The premise is simple. If only limited funds are used for margin, the majority of cash associated with a managed futures […]
Wall Street Firm Hit With Additional Charges in Case Involving Pre-Released ADRs
(HedgeCo.Net) The Securities and Exchange Commission today announced additional charges in an enforcement investigation involving the improper handling of American Depositary Receipts (ADRs) by a Wall Street firm’s securities lending desk. The SEC’s order finds supervisory failures by Anthony Portelli, […]
Hedge Fund Assets Rise $10.52bn in May; Total Industry AUM Now $3.13trn
(FINalternatives) Investors added an estimated $10.52 billion to hedge funds during May, bringing year-to-date flows to $23.32 billion and pushing total industry AUM $3.130 trillion, according to new research from eVestment. The company’s findings, contained in its Hedge Fund Industry […]
Goldman to Launch Tactical Exposure Fund
(Citywire) Goldman Sachs Asset Management is to launch the Goldman Sachs Tactical Exposure fund, according to a Securities and Exchange Commission filing. The fund, slated for August 31 2017, will be managed by Neill Nuttall, Raymond Chan and Joshua Sheldon. […]