Monthly Archives: July 2016
Activist Hedge Funds Dial It Back In First Half Of 2016
(Reuters) Activist hedge funds were choosier in throwing their weight around corporate boardrooms during the first half of the year …Activist investors, including billionaires like Pershing Square’s William Ackman and Trian Fund Management’s Nelson Peltz, mounted 75 activist campaigns, a […]
It Is About Performance, Not Fees
(Harvest) The chorus of investors complaining about hedge fund fees is getting louder as performance continues to get softer. This past weekend, the Old Gray Lady once again featured a piece on why managers are doing all they can to […]
Viking Global’s Hedge Fund Fell in June as Brexit Roiled Markets
(Bloomberg) Andreas Halvorsen’s Viking Global Investors, the $30.3 billion hedge fund that wagers on and against stocks, lost money in June as the U.K. vote to exit the European Union sparked turmoil in global equities. The fund dropped 2.5 percent […]
Hong Kong Hedge Fund Adds to Baidu, Samsonite After Brexit
(Bloomberg) Manas Capital, a Hong Kong-based long-short equity fund, added to bullish wagers on companies including Baidu Inc. and Samsonite International SA after shares got cheaper following the U.K.’s vote to leave the European Union. Apart from buying more shares […]
Alken’s $2.4 Billion Hedge Fund Lost 12.8% Amid Brexit Turmoil
(Bloomberg) Alken Asset Management’s hedge fund betting on European stocks lost 12.8 percent in June as Britain’s vote to exit the European Union triggered a sell-off in equity markets across the globe. The loss was a record monthly decline for […]
Hedge Fund Managers and Former Government Official Charged in $32 Million Insider Trading Scheme
(HedgeCo.Net) The Securities and Exchange Commission today announced insider trading charges against two hedge fund managers and their source, a former government official accused of deceptively obtaining confidential information from the U.S. Food and Drug Administration (FDA). A third hedge […]
An $8 billion hedge fund suddenly imploded — here’s how it played out
(Business Insider) Visium Asset Management, a one-time rising hedge fund, is shutting down after its former employees were charged with insider trading and fraud. It’s a quick turnaround since the New York hedge fund managed $7.8 billion at the start […]
Japan Top Fund Fell 25% After Brexit Vote as Volatility Rose
Investors who put their money in Stratton Street Capital LLP’s warrant fund have been on a roller coaster ride of late. The fund, Japan’s best-performing fund for 2015, plunged 25 percent on June 24 when the U.K. voted to leave […]
Naphtal’s $4.4 Billion Currency Hedge Fund Gained 10% on Brexit
(Bloomberg) P/E Investments’s $4.4 billion currency hedge fund, co-founded by Warren Naphtal, gained about 10 percent on Britain’s decision to leave the European Union, mostly from betting against the euro, according to a person with knowledge of the matter. The […]
Citi Alum In Hedge-fund Start-up Sees Gold Rally After Brexit
(Gulf News) Singapore: Gold will probably extend gains this half as Britain’s vote to quit the European Union (EU) — or Brexit — adds to the case for the Federal Reserve pausing on interest rates, according to Ivan Szpakowski, who […]
Ackman’s Pershing Square Hedge Fund Axes Eight Staffers
(Investing.com) This year has been difficult for the firm with the Pershing Square International Fund losing 17.29 percent since January, making it one of the industry’s worst performers this year. Last year the fund dropped 16.6 percent, largely due to […]
Hedge Funds Quids in, as Favouring Softs Over Grains Comes Good
(Agrimoney) Hedge funds – in a profitable shift – kept the faith with soft commodities, lifting their net long position to a fresh eight-year high, but slashed bullish bets in grains, with potential for more selling to come. Managed money, […]