Monthly Archives: July 2018
Hedge Fund Firm PAAMCO Prisma Co-CEOs Buchan and Reddy to Leave
(Reuters) Investment firm PAAMCO Prisma, one of the world’s biggest investors in hedge funds, said on Tuesday that a six-person executive committee will replace the firm’s two co-chief executives who are stepping down on Aug. 1. Jane Buchan and Girish […]
Scaramucci’s Path to $20 Billion Runs Through a Hot China Market
(Bloomberg) An investment offering that most of the world has shunned is suddenly all the rage in China, and money managers from UBS Group AG to SkyBridge Capital are moving to grab a slice of the bounty. To read this […]
Muni Bonds Buck the Trend
(Harvest) Muni bonds rewarded investors with an unexpected positive return in June (+0.13%), against the odds that a stark pickup in supply would saturate the market as history suggests for this time of year. The market’s persistently strong technical environment […]
SEC Charges Oil Company CEO, Board Member With Hiding Personal Loans
(HedgeCo.Net) The Securities and Exchange Commission has charged the former CEO of Energy XXI Ltd. with hiding more than $10 million in personal loans that he obtained from company vendors and a candidate for Energy XXI’s board. At the time […]
SS&C GlobeOp Hedge Fund Performance Index down 0.34 per cent for June
(Hedgeweek) The gross return of the SS&C GlobeOp Hedge Fund Performance Index for June 2018 measured -0.34 per cent. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.49 per cent in July To read this […]
Italy shock shows sovereign CDS still active – flaws and all
(Reuters) – Italy’s recent bond shock showed that the financial derivatives market designed to insure against sovereign defaults hasn’t been killed off by doubts about whether those contracts would pay out when the time came. The market for sovereign credit […]
China Hedge Fund Doubles Down as Market Selloff Deepens Losses
(Bloomberg) One China hedge fund is adding to stocks in the nation even as a rout deepened losses in its portfolio and prompted some peers to duck for cover. Springs China Opportunities Fund is using the “panic selloff” to increase […]
Hedge Funds Turns Up Heat on Kiwi as Inflation Loses Traction
(Bloomberg) New Zealand’s inflation data may go some way to explaining why hedge funds are getting increasingly bearish on the kiwi. Consumer prices rose at the slowest annual pace since 2016 in the first quarter, spurring the central bank to […]
Hedge Funds Curb Bets on Rising Oil Price Just as Rally Falters
(Bloomberg) Hedge funds are showing signs of wavering confidence in ever-higher oil prices. Money managers were taking money off the table before Brent had its worst day in two years on Wednesday. Bets on rising prices for the international benchmark […]
Bribery Lawsuit Against Och-Ziff Executives is Dismissed
(Reuters) A federal judge has dismissed the U.S. Securities and Exchange Commission’s lawsuit accusing two former Och-Ziff Capital Management Group LLC (OZM.N) executives of masterminding a scheme to funnel tens of millions of dollars of bribes to African officials.U.S. District […]
Blame Humans for This Robot Hedge Fund Malfunction
(Bloomberg) If only it could all be blamed on those Cambridge boffins and their robots. GAM Holding AG can’t pin all of its troubles on its bet on a computer-driven hedge fund. The Swiss asset manager warned on Friday that […]
David Solomon expected to be named Goldman Sachs’ next CEO
(CNBC) Goldman Sachs will name President David M. Solomon to succeed Lloyd C. Blankfein as its next chief executive officer on Tuesday, sources familiar with the situation said. The news will be disclosed to all the company’s managing directors in […]