Monthly Archives: July 2016
$1.1bn Brexit Bonanza For Remain Man’s Hedge Fund
(Times Online) A hedge fund owned by a senior Remain campaigner and Tory donor has earned more than $1.1 billion since the Brexit vote. David Harding, a Cambridge-trained physicist and the founder of Winton Capital Management, served as co-treasurer of […]
Markets Will Not Hold this Rally Much Longer
(Harvest) Yield are so much low that money are running out for defensive stock that can pay dividend. Some cases its pays more than yields. Are the investors looking for safety place at defensive equities markets? To read this article:
Another Ex-Goldman MD Starts a Hedge Fund
(eFinancial Careers) Karim Bennani, who formerly headed up Goldman Sachs’ Advanced Investment Strategies, has just received the go-ahead from the UK regulator to launch his own hedge fund. Quantum Investing is a quantitative hedge fund that relies on technology platform […]
7 Hedge Funds File Lawsuit Against Castex & StanChart in The UK Court
(Economic Times) Seven hedge funds have filed a lawsuit against Castex Technologies, formerly Amtek India, in the UK court of justice for manipulation of its share price and Standard Chartered Bank for using share price movement to pass worthless shares […]
Third Ex-Citigroup Currency Trader Wins Unfair Dismissal Suit
(Bloomberg) A fired Citigroup Inc. currency trader, who claimed his bosses made him a scapegoat for the foreign exchange market-manipulation scandal, said he won a ruling that he was unfairly dismissed. The decision makes Robert Hoodless the third London currency […]
As 2-and-20 Fees Under Fire, Asia Hedge Funds Seek Cost Cuts
(Bloomberg) When Ruhong Huang’s Hong Kong-based hedge fund crossed a key milestone after gathering $100 million in assets, he made an unusual choice. Rather than continuing to go it alone, he decided to join a “platform” to help his firm […]
China Postal Bank Defies Market Turmoil With $8 Billion IPO Plan
(Bloomberg) Global bank shares are gyrating after the U.K. vote to leave the European Union. Hedge fund managers and analysts are sounding increasingly dire warnings about the bad debts piling up on the balance sheets of Chinese banks. Enter Postal […]
Hedge Funds to U.S. Refiners: Produce More Diesel, Less Gasoline
(Reuters) Hedge funds and other money managers are betting diesel and heating oil will take over from gasoline as the main driver of U.S. refinery profitability in the second half of the year. For the past 18 months, refiners have […]
CTAs Shine Through Brexit Selloff
(FinAlternatives) Societe Generale’s SG CTA Index is the latest measure to suggest trend-following hedge funds have been able to successfully navigate the volatility unleashed by Britain’s decision to leave the European Union last week. The SG CTA Index was up […]
SEC Sues UK-Based Trader for Account Intrusion Scheme
(HedgeCo.Net) The Securities and Exchange Commission today announced it has obtained an emergency court order to freeze the assets of a United Kingdom resident charged with intruding into the online brokerage accounts of U.S. investors to make unauthorized stock trades […]
Why billionaire Leon Cooperman is warning young people to avoid the fund management industry
(Yahoo Finance) Billionaire hedge fund manager Leon Cooperman, the founder of Omega Advisors, said young people should perhaps look at a different industry than fund management.“Maybe some of the young people should look into going into different industries…because I think […]
Hedge Funds Set for Worst First Half Since ’11 on Turmoil
(Bloomberg) The first six months of the year is turning out to be a period hedge fund managers want to forget. With China’s currency causing global market turmoil in January and the U.K. vote to quit the European Union doing […]