Monthly Archives: July 2018
SEC Files Charges in Busted Microcap Schemes
(HedgeCo.Net) The Securities and Exchange Commission has charged a stock promoter and four others involved in an alleged series of microcap fraud schemes that were foiled by FBI undercover work and an SEC trading suspension. According to the SEC’s complaint […]
SoftBank’s cheap valuation draws $1 billion bet from U.S. fund Tiger Global
(Reuters) U.S. hedge fund Tiger Global has built a stake worth over $1 billion (757 million pounds)in SoftBank Group Corp (9984.T) as it considers the Japanese firm undervalued, a source with direct knowledge of the matter said, driving SoftBank shares […]
CFTC makes record USD30m whistleblower award
(HedgeCo.Net) The Commodity Futures Trading Commission (CFTC) has announced an award of approximately USD30 million to a whistleblower who voluntarily provided key original information that led to a successful enforcement action. To read this article:
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 […]
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 […]
Swiss GAM Sees H1 Profit Hit From Cantab Writedowns
(Reuters) GAM Holding AG will take an impairment charge of around 59 million Swiss francs ($58.9 million) related to its 2016 acquisition of British hedge fund Cantab Capital Partners, the Swiss group said while flagging a sharp drop in first-half […]
Hedge Funds Embrace China Yuan Short Trade, but no Doomsday in Sight
(Reuters) A record slide in the Chinese currency in June has paid rich dividends for some of the world’s top macro hedge funds, though they say those trades do not reflect growing bets on an economic crash.The world’s second biggest […]
Citadel Hedge Funds Jump 8.8%, Extending Hot Streak
(Bloomberg) Ken Griffin’s flagship multi-strategy funds extended their solid performance this year through the first half, returning 8.8 percent. Citadel’s Kensington and Wellington funds, which jumped 13 percent last year, gained 1.5 percent in June, according to a person with […]
Bridgewater’s Jensen: Cash A ‘Viable Alternative’ to U.S. Stocks, Bonds
Bridgewater’s Jensen: Cash A ‘Viable Alternative’ to U.S. Stocks, Bonds Reuters posted on Fri 13 Jul 2018 Permalink Print Bridgewater Associates, the world’s biggest hedge fund, is bracing for a long stretch of underperformance by U.S. stocks and bonds. “U.S. […]
Billionaire Steven Cohen Invests in Crypto Hedge Fund
(Bloomberg) Billionaire Steven Cohen has invested in a hedge fund focusing on cryptocurrencies and blockchain-based companies, according to a person familiar with the matter. The investment was made through his Cohen Private Ventures, said the person, who asked not to […]
Emerging Markets Focused Hedge Funds Post Fifth Consecutive Month of Losses
(Hedgeweek) Hedge funds were down 0.32 per cent in June ending the first half of 2018 on a flat note with a 0.06 per cent gain. In contrast, the MSCI World Index (Local) was down 0.01 per cent as of […]
Hedge Funds Should Be Thriving Right Now. They Aren’t.
(New York Times) Highly paid hedge fund managers have complained for years that it’s unfair to compare their performance with the broad stock market during prolonged bullish periods. Hedge funds are designed to mitigate risk, the argument goes, and so […]