Monthly Archives: July 2016
Griffin’s Citadel To Lift 17-Manager Visium Team For New Equity Unit
(FinAlternatives) Kenneth Griffin’s hedge fund Citadel will hire 17 portfolio managers from beleaguered Visium Asset Management in a move that mirrors past steps to gather top staff from struggling rivals. Wracked by an insider trading probe and other investigations by […]
Hennessee Group: Hedge Funds Underperform in June
(FinAlternatives) June data from hedge fund industry observer Hennessee Group showed the investment class underperformed broader market measures last month, in contrast to some other industry benchmarks that have reported gains for the period. To read this article:
In A Dog-Eat-Dog Industry The Strong Will Get Stronger
(HITC Business) Wall Street’s top stock and bond traders are putting more distance between themselves and their closest competitors….“The strong will get stronger,” said Christopher Wheeler, an analyst at Atlantic Equities. “It becomes much more pronounced if markets improve even […]
The Persistence of Negative Investment Performance
(Harvest) Our earlier pieces discussed how nominal investment performance reverts. Since returns are dominated by systematic risk factors (primarily the Market), they are subject to reversal when investment regimes change. In the simplest terms, high risk funds do well in […]
A Wall Street Boutique is Looking to Flip the Script For Juniors
(The Business Insider) The boutique bank Moelis & Company is taking a new tack in developing its junior talent. The firm has partnered with the Wharton School in Pennsylvania to create a leadership development program for its recently promoted vice […]
Blackstone’s Senfina Hedge Fund Down 15% After June Decline
(Bloomberg) The Blackstone Group LP’s hedge fund Senfina Advisors has lost 15 percent in 2016 after a June decline threw cold water on the $1.9 billion unit’s attempt to make a comeback. The June loss of 3.5 percent in the […]
Travelers Says Private Equity Slumps After Hedge Fund Woes
(Bloomberg) Travelers Cos., the lone property-casualty insurer in the Dow Jones Industrial Average, said second-quarter private equity returns failed to meet the company’s target, adding pressure to a portfolio that was hurt in the prior three months by hedge fund […]
Hedge Funds Place Record Bets Against Bavarian Nordic
(Bloomberg) After fighting off a vocal attack from a short seller less than a year ago, Bavarian Nordic A/S is again the target of hedge funds betting shares in the Danish biotechnology company are set to fall. Short interest in […]
Hedge Funds Face More Scrutiny as They Expand FX Market Making
(Bloomberg) Be careful what you wish for — that’s the advice from State Street Corp. to the newest market makers in the $5.3-trillion-a-day foreign-exchange market. Algorithmic trading firm and brokerage KCG Holdings Inc. said it’s accustomed to dealing in highly […]
Silicon Valley Executive Settles Insider Trading Charges
(HedgeCo.Net) The Securities and Exchange Commission has announced that a Silicon Valley executive has agreed to pay more than a half-million dollars to settle charges that he traded on inside information received from a board member at a Minnesota-based company […]
Multi-Alternative Funds: The Best and Worst of June
(Daily Alts) Multi-Alternative Funds The Best and Worst of JuneMulti-alternative mutual funds and ETFs recorded their fourth-straight month of gains in June, returning +0.42% in the aggregate. Of the 151 funds in the category, over 62% (94) posted gains; and […]
Columbia Threadneedle Investments Launches Multi-Strategy Absolute Return Fund
(FinAlternatives) Global asset manager Columbia Threadneedle Investments has launched a new UCITS-compliant multi-asset absolute return strategy that seeks to offer many of the risk premia attributes of multi-strategy hedge funds, but in a liquid alternative format. To read this article: