Monthly Archives: July 2017

(Harvest) Low Treasury yields and high equity prices aren’t necessarily contradictory. Both suggest expectations of continued unexciting growth, low inflation and a steady Fed. What could go wrong? Central banks are usually better at creating asset price bubbles than deflating […]

(Investment Week) Hedge funds returned 0.57% in June, bringing year-to-date gains to 4.87%, the highest H1 performance the industry has seen since the first half of 2009, when it achieved returns of 16.94%. June was also the sector’s eighth consecutive […]

(FINalternatives) Mark Wittenstein’s Castlewood’s flagship Select Opportunity Fund booked a net +6.5% return for the second quarter of 2017, according to performance data seen by FINalternatives, bringing the vehicle’s first-half performance up to a net +10.3%. To read this article:

(FINalternatives) Nearly three-quarters of fund managers are in positive territory for the year to date through June, while another 18% have outperformed the MSCI AC World Index (Local) for the period, according to new research from Eurekahedge, helping keep capital […]

(Bloomberg) Hedge fund manager Guillaume Fonkenell is returning profits to investors from his $5 billion macro fund after it beat rivals this year. The Pharo Macro Fund, which climbed about 12 percent in the first half, will return those gains […]

(Reuters) U.S. bank Citigroup Inc (C.N) is set to become the latest Wall Street bank to pick Frankfurt as its European Union base this week in preparation for when Britain leaves the European Union, two sources told Reuters on Monday. […]

(CNBC) Bridgewater Associates’ Pure Alpha II Fund, a macro strategy within the world’s largest hedge fund, declined 2.5 percent during the first half of this year, according to a person with knowledge of the matter. The fund’s decline compares with […]

(Reuters) Conventional wisdom has it that as more participants join a market, it leads to better price discovery and therefore greater efficiency. Not so, according to a study of the world’s foreign exchange markets by Roel Oomen, global co-head of […]

(Bloomberg) Wealthy investors boosted bets on real estate and left hedge funds and equities as concern over high valuations and geopolitical risk push them back to basics. They had 33 percent of their portfolios on average in real estate at […]

(CNBC) IEX, or The Investors Exchange, is offering the best “effective spread” for most S&P 500 stocks since its launch last year, according to new figures from Yale. IEX’s battle against high-speed traders was chronicled in Michael Lewis’ “Flash Boys.” […]

(Harvest) The idea that hedge funds are getting 2/20 for management fees is becoming a myth. Dynamic pricing is being used more aggressively by hedge funds with a wide range of management and incentive fee options. For example, in the […]