Monthly Archives: July 2018
Wall Street Managers Have Cost Americans More Than $600 Billion Over The Past Decade
(Yahoo) Over the last decade, fund managers who oversee the pensions of the nation’s teachers, firefighters, police and other government workers have doubled down on an investment strategy that has cost U.S. taxpayers at least $600 billion, possibly more than […]
Hedge funds pin macro hopes more on U.S. yield curve than dollar
(Reuters) Hedge funds raised their bets last week on a flatter U.S. yield curve and a stronger dollar. Their bond bet shows signs of coming good as the yield curve moves towards inversion, but their FX wager? Not so much.The […]
Hedge fund Elliott raises stake in Japan’s Alpine
(Reuters) – U.S. hedge fund Elliott Management has raised its stake in Japan’s Alpine Electronics Inc to 6.3 percent, a regulatory filing showed, less than a week after it said it could make “significant proposals” to the components maker. Elliott […]
Minnesota Man Convicted on 21-Counts of Securities Fraud
(HedgeCo.Net) Ryan Gilbertson, a Minnesota man previously accused by the SEC of orchestrating an elaborate scheme to siphon millions of dollars from Dakota Plains Holdings, Inc., has been convicted on 21 counts of wire fraud, securities fraud, and conspiracy to […]
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 […]
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 […]
SaxoSelect sees 43 per cent increase in quarterly inflows for growth portfolios
(Hedgeweek) SaxoSelect, a fully digital and automated investment service that enables clients of Saxo Bank to invest in pre-selected portfolios, has reported that its growth and risk-on managed portfolios have seen a 43 per cent increase in net capital flows […]
Hedge fund returns mixed in June
(Hedgeweek) Halfway through 2018, and hedge funds are producing very mixed results with just over half of reporting strategies positive for the year, according to the June 2018 eVestment Hedge Fund Performance Report. To read this article:
Big Money Tests Marijuana Waters, With Hedge Funds Leading Charge
(Bloomberg) Navy Capital’s one-room office in midtown Manhattan could probably fit in the coat closets of many of its competitors. But the hedge fund’s digs belie the firm’s success in betting on something few of its peers will touch: cannabis. […]
Wilshire Liquid Alternative Index down 0.24 per cent in June
(Hedgeweek) The Wilshire Liquid Alternative IndexSM, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.24 per cent in June, and -0.56 per cent for the second quarter in 2018. To read this article:
Barclay Hedge Fund Index down 0.31 per cent in June
(Hedgeweek) Hedge Funds lost 0.31 per cent in June according to the Barclay Hedge Fund Index compiled by BarclayHedge, versus a 0.62 per cent increase in the S&P 500 Total Return Index. Year to date, the Barclay Index is up […]
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. To read […]