Monthly Archives: July 2018
Fund managers turn bearish as trade war woes weigh
(Citywire) Bearish fund managers have cut their equity exposure to its lowest level in almost two years in response to fears of a global trade war…. To read this article:
Hedge Fund Billionaire Einhorn Places Sixth in Major Poker Tournament
(CNBC) David Einhorn and 26 other businessmen and poker players each ponied up $1 million to enter the World Series of Poker’s “Big One for One Drop” tournament. Einhorn placed sixth, just short of taking home prize money, on Tuesday […]
Omega Advisors Joins Bluemountain as PM for Global Financials Investing
(Opalesque) BlueMountain Capital Management, a private diversified alternative asset management firm, today announced that Mahmood Reza has joined the firm’s equities team as Portfolio Manager of Global Financials equity investments, effective July 9. The new hire reflects BlueMountain’s continued commitment […]
BGC Financial Charged For Failure to Preserve Documents and Maintain Accurate Books and Records
HedgeCo.Net) The Securities and Exchange Commission has announced that New York-based broker-dealer BGC Financial has agreed to pay a $1.25 million penalty to settle charges that it failed to preserve audio files sought by the SEC and inaccurately recorded travel, […]
How a $139 Billion Fund Is Trading the Trade War
(Bloomberg) In a bid to beat the trade war, a $139 billion Australian investment manager is using 30-year Treasuries as its weapon of choice. The ultra-long bonds are seen as a hedge to protect the portfolios of AMP Capital Investors […]
Gemini’s Complete offering’ singled out as unique to industry in global custodian survey
(Hedgeweek) The Gemini Companies (Gemini) has been singked out for its unique ‘complete offer’ in the 2018 Global Custodian Mutual Fund Administration Survey, which surveys fund administration clients to determine a ranking [on a scale of 1 (very weak) to […]
Hedge Funds End First Half in the Red as Trade War Roils Markets
(Reuters) Hedge Funds ended the first half in negative territory as the escalating trade war roiled global markets. Funds declined 0.33 percent for the year and slid 0.64 percent in June, wiping out gains seen in May, according to Bloomberg […]
BlackRock is evaluating cryptocurrencies, CEO Fink says
(Reuters) – BlackRock Inc (BLK.N) Chief Executive Larry Fink on Monday said the world’s largest asset manager has assembled a working group to look at blockchain technology and cryptocurrencies such as bitcoin, but cautioned he does not see massive investor […]
Peter Thiel and Billionaire Jihan Wu’s Bitmain Invest in Block.one
(Bloomberg) Blockchain platform Block.one is close to announcing a new fundraising round, bringing in Peter Thiel and Chinese billionaire Jihan Wu’s Bitmain Technologies Ltd. as new investors, according to people familiar with the matter. The fresh investment round could be […]
Omega Advisors Joins Bluemountain as PM for Global Financials Investing
(Opalesque) BlueMountain Capital Management, a private diversified alternative asset management firm, today announced that Mahmood Reza has joined the firm’s equities team as Portfolio Manager of Global Financials equity investments, effective July 9. The new hire reflects BlueMountain’s continued commitment […]
On Putin’s Most Wanted List: Hedge Fund Founder Bill Browder
(Barron’s) Amid the pressing subjects of today’s summit between the superpower presidents, Vladimir Putin found time on the podium to attack Bill Browder, the founder of what was the largest Russia-focused hedge fund…. To read this article:
Barclay CTA Index Loses 0.05% in June (-2.00% YTD)
(Opalesque) The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, indicates a 0.05% loss in June. Year to date, the Index is down 2.00%. “Trade war concerns sparked by economic sabre rattling shook grain markets while US pressure […]