Monthly Archives: July 2017
Hedge Fund Strategies Get a Second Wind
(Seeking Alpha) A number of factors-such as rising U.S. interest rates, the recurrence of big fluctuations in global currencies, and the widening dispersion of equity returns across sectors and regions-may have helped to create an increasingly conducive environment for hedge-fund […]
$12bn Hedge Fund: The Stock Market Has Changed, and We’re Going to Have to Do Things Differently
(The Business Insider) The stock market has changed, and investors are going to have to sharpen their wits. That’s according to Dmitry Balyasny, the managing partner at the billion-dollar hedge fund Balyasny Asset Management. The firm managed $12.6 billion in […]
A Massive Hedge Fund That Shut Itself to Outsiders Is Crushing It
(The Business Insider) European hedge fund BlueCrest Capital Management continues to post stellar returns after shutting its doors to outside investors a little over a year ago. The London-based firm, run by billionaire Michael Platt, has crushed it to the […]
Ex-Broker Sues Hedge Fund for $5m over Layoff Dispute
(New York Post) A broker who worked for hedge fund giant Israel “Izzy” Englander for 28 years is suing his former employer for allegedly being wrongly bounced from his job. Jack Piuggi, who ran American Exchange for brokerage Israel A. […]
Tick, Tick, Tick: For Active Funds, It’s Time to Adapt (or Die)
(Morningstar) Despite already losing ground, active funds are vulnerable to further incursions by low-cost passive funds. Passive funds could capture another 10 percentage points of market share in the next decade or so.To adapt, the active-fund industry must shrink, cut […]
AXA IM Taps McDonald To Lead Sustainable Investing At Rosenberg Unit
(FINalternatives) The Rosenberg equities unit of AXA Investment Managers has promoted Kathryn McDonald, previously the company’s director of investment strategy, to the position of head of sustainable investing as it integrates ESG considerations into all portfolios. To read this article:
SEC Announces Charges in Massive Telemarketing Boiler Room Scheme Targeting Seniors
(HedgeCo.Net) The Securities and Exchange Commission today brought fraud charges against 13 individuals allegedly involved in two Long Island-based cold calling scams that bilked more than one hundred victims out of more than $10 million through high-pressure sales tactics and […]
Hedge Funds Disclose Just How Many Puerto Rico Bonds They Own
(Bloomberg) A group of hedge funds that owns $3.3 billion of Puerto Rico bonds disclosed in court documents the amount that each of them holds. The disclosure is related to the territory’s May 3 bankruptcy, which will allow Puerto Rico […]
Shkreli Claimed to Have $100 Million While Overdrawn on Fund
(Bloomberg) Martin Shkreli boasted to potential clients in his hedge funds that he was managing as much as $100 million. In reality, prosecutors say, the net asset value of his fund MSMB Capital at one point fell to minus 33 […]
Maglan Capital: Some Lessons Learned From Puerto Rico
(FINalternatives) Although Maglan Capital has not been invested in Puerto Rico for more than three years, the distressed investing specialist has been closely watching developments concerning the Commonwealth unfold for all the obvious reasons. To read this article:
Moore Capital Management Cuts Headcount By 7%
(FINalternatives) Despite buoyant markets around the world, Louis Bacon’s Moore Capital Management has reportedly cut around 30 positions from its New York and London offices. To read this article:
Decoding Yellen’s Message
(Harvest) This week Federal Reserve Chairman Janet Yellen made a comment in her semiannual testimony to Congress that further confirms 720Global’s opinions about current and future economic growth. Decoding Yellen’s Message compares a comment Yellen made to historical data. Based […]