Monthly Archives: July 2016
Man vs Machine: Computer-Driven Hedge Funds Win on Brexit Night
(Reuters) As hedge fund manager Buford Scott sat at home, watching the TV in shock as it emerged Britain had voted to leave the European Union, his computer-based trading models were quietly boosting his business by 1.5 percent. Scott’s algorithm-driven […]
EU Watchdog Backs ‘Passport’ For U.S. Hedge Funds in Europe
(Reuters) Hedge funds from the United States, Singapore and Hong Kong should be allowed to market themselves in the European Union, the bloc’s financial watchdog said on Tuesday. The long-delayed recommendation from the European Securities and Markets Authority (ESMA) to […]
Laurion Capital Closes $1.1B Macro Fund
(FINalternatives) Ben Smith’s Laurion Capital Management has shuttered a large macro hedge fund amid losses and offered investors the option of transferring their capital into one of Laurion’s other funds. Macro hedge funds, which bet on broad strategic trends within […]
Hedge Funds Turn Bullish as China Weathers Slower Growth, Brexit
(Bloomberg) Springs China Opportunities Fund and Counterpoint Asian Macro Fund join a growing group of hedge funds turning bullish on Chinese shares, which have remained robust even amid a slowing economy and market shocks from Britain’s vote to leave the […]
Ex-Visium Hedge Fund Manager Pleads Not Guilty to Fraud Scheme
(Reuters) A former portfolio manager at Visium Asset Management LP pleaded not guilty on Monday to charges that he engaged in a scheme to defraud investors by inflating the value of a bond fund and overstating its liquidity. Stefan Lumiere, […]
SEC Proposes Rules to Enhance Order Handling Information Available to Investors
(HedgeCo.Net) The Securities and Exchange Commission today voted to propose rules that for the first time would require broker-dealers to disclose the handling of institutional orders to customers. The proposed rules also would expand the information included in existing retail […]
Preqin: Strong Q2/16 Performance Drives Hedge Fund Industry in First Half
(FinAlternatives) A new research report from Preqin reveals hedge funds posted positive results in the first half of 2016, despite a very rocky start to the year, although the performance was still the lowest first-half return for the industry since […]
Hedge Funds Finally Say No to Gold as U.S. Shares Smoke Records
(Bloomberg) Investors judging the world economic outlook as a bit more stable are taking some of the shine off gold. Gold’s Ups and Downs Hedge funds and other speculators cut their wagers on a rally for the metal for the […]
Man Group’s Rouble Bet Pays Off as Hedge Funds Rush in
(Gulf-times) Backing the rouble seemed like a lonely bet for Man Group’s Guillermo Osses five months ago, but now the strategy is paying off – and the rest of the market is racing to catch up. The head of emerging-market […]
Blackrock: 4 Reasons You Should Still Invest Abroad
(Harvest) 2016 has not been a stellar year for many markets, outside of gold. Indeed, a standard, plain vanilla, domestically oriented 60/40 blend of U.S. stocks and Treasury bonds has produced reasonably good returns. This, in turn, reinforces a nagging […]
Troubled Hedge Fund Solo Capital Shuts Its Doors
(The Telegraph posted) Solo Capital, the London hedge fund targeted by a Danish tax probe, has ceased operations, according to its latest accounts. The hedge fund, set up in 2009, became profitable in 2013 and posted revenues of £25m before […]
Hostile Resistance To Hedge Fund Activism
(Valuewalk) Target firms openly resist hedge fund activists about one-fourth of the time, via poison pills, lawsuits, and restrictions on shareholder actions. Target firm resistance is met with a significantly negative market reaction, reducing the initial positive reaction to activism […]