Monthly Archives: July 2017
Quant Develops Effective Market Timing Strategy
(Opalesque) A quant trader based in Bodrum, Turkey, has been developing a market timing strategy for the last six years and has found a way to make it an effective one. As most fund managers have given up on market […]
The Hedge Fund Famous for Betting Against the ‘London Whale’ Is Shutting Its London Office
(The Business Insider) Reuters reports New York-based Saba Capital Management, famed for its winning bet against the JPMorgan Chase trader known as the ‘London Whale’, is closing its office in London’s Mayfair district, two sources close to the situation told […]
Hong Kong Hedge Fund Thanks Short Sellers, Bets Against Them
(Bloomberg) Jim Fong, portfolio manager at hedge fund Quam Asset Management Ltd., has something to say to the short sellers who have become increasingly active in Hong Kong’s markets: Thank you. “When a short seller comes out with a report, […]
SEC Charges Information Technology Company and Former Executives With Accounting Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Chicago-area information technology company Quadrant 4 System Corp. (QFOR) and two former top executives in an accounting fraud scheme that misled investors and allowed the former executives to siphon millions from the […]
Burford Capital Raises $500M For New Complex Strategies Fund
(FINalternatives) Litigation finance specialist Burford Capital has raised $500 million for a new fund that will concentrate on litigation-related complex strategies. To read this article:
Four Former Barclays Bankers in Court Over Qatari Deal
(Reuters) Four former top Barclays (BARC.L) executives appeared in court in London on Monday to face charges that they conspired to commit fraud during the bank’s 12 billion pound ($15.56 billion)emergency fundraising in 2008. Former Chief Executive John Varley along […]
Lyxor: Hedge Fund Index Dips 0.1% As Yields Rise
(FINalternatives) Hedge fund returns were widely dispersed last week as rising bond yields and falling energy prices boosted fixed income managers but hammered CTAs and long/short equity funds. To read this article:
Clariant Said to Be Targeted by Activist Hedge Fund Corvex
(Bloomberg) Activist hedge fund Corvex Management has built a stake in Clariant AG in a move designed to undo the Swiss chemicals maker’s $6.4 billion planned takeover of Huntsman Corp., according to people with knowledge of the situation. Corvex, which […]
Opening Fanfare Then Little Action For Hong Kong-Mainland China Bond Link
(Marketwatch) China’s bond market showed little reaction as Beijing and Hong Kong opened a trading link giving global investors additional access to the world’s third-largest debt market. Despite fanfare at the opening ceremony in Hong Kong for the so-called Bond […]
Hedge Funds Walk Into Bear Trap in Oil
(Reuters) Hedge fund managers had amassed a record number of short positions in petroleum futures and options by the start of last week, which primed the oil market for a sharp short-covering rally at the end of the month. Hedge […]
Hedge Funds Wrong-Footed, Again, by Downbeat Grain Bets
(Agrimoney) Funds are likely to be forced into a round of short-covering in grains, putting further upward pressure on futures, after being caught out again by betting on lower prices just ahead of bullish news. Managed money, a proxy for […]
A New Survey Shows a Lot of Young Wall Streeters Want Out
(The Business Insider) This chart should concern Wall Street. A survey of 300 finance professionals with six to 10 years of post-MBA experience by the Toigo Foundation and Russell Reynolds Associates, a New York-based executive-search firm, found 50% of finance […]