Monthly Archives: July 2018
Wilshire Funds Management alternative asset group loses more executives
(Reuters) – Two managing directors overseeing alternative investments at Wilshire Funds Management quit the firm in June, a person familiar with the matter said on Tuesday, as employees appeared increasingly disgruntled about its lack of commitment to the sector. A […]
Hedge funds target WTI, leaving other oil contracts becalmed:
(Reuters) – Hedge fund managers have continued to boost their bullish exposure to U.S. crude futures and options, following a longer-than-expected disruption of pipeline deliveries from Canada.Position-building in U.S. crude, also known as WTI, accounted for almost all changes in […]
Germany Blames the Locusts Again
(Bloomberg) Within hours of Heinrich Hiesinger stepping down as ThyssenKrupp AG chief executive last week amid pressure from activist investors, the talk turned to “locusts,” Germany’s catch-all term for the evils of Anglo-Saxon capitalism. A “locust-style” breakup must be resisted, […]
Bill Gross’s Slumping Fund Sees $580 Million of Outflows This Year
(Bloomberg) Investors pulled a total of about $580 million from Bill Gross’s bond fund in the first half of this year and he turned in the worst performance among his peers during the period. June marked the fourth straight month […]
Hedge Funds Up 1.2% in First Half as Trade Jitters Curb Gain
(Bloomberg) Hedge funds on average posted a gain of just 1.2 percent in the first half as global trade jitters and volatility hampered investors. For June, hedge funds fell 0.14 percent on an asset-weighted basis, the third month of declines […]
Activist Paulson Takes Bigger Slice of Britain’s Premier Foods
(Reuters) Hedge fund Paulson & Co has tripled its stake in Britain’s Premier Foods Plc (PFD.L), making it the third largest shareholder in the company ahead of a crunch annual meeting next week.The meeting on July 18 could determine the […]
Hedge Funds Caught in Trump’s Trade War Crossfire Feel the Pain
(Bloomberg) In a booming year for mergers and acquisitions, hedge funds that seek to make money from corporate marriages are struggling. The value of deals surged 43 percent in the first half of the year, with large takeovers reaching the […]
GAM Investments Expands Its Emerging Markets Fixed Income Team
(Opalesque) GAM Investments has hired Markus Heider as investment manager to join its emerging markets fixed income team, based in London. He will start on 2 July 2018 and report to Paul McNamara. The team manages USD 11.0 billion as […]
Elliott Launches Action to Take Control of AC Milan
(Reuters) U.S. hedge fund Elliott has launched contractual proceedings that could give the investment company the powers to decide the future of indebted Italian soccer club AC Milan, a source familiar with the matter said on Monday. Elliott gave a […]
Hedge Fund Sees China Stocks Climbing in Spite of Trade War
(Bloomberg) Chinese stocks may rise 20 percent over the next three years even if conflicts with the U.S. persist, a $3 billion hedge fund manager said as the trade war between the nations kicked off. If tensions ease over trade […]
Explaining Equity: What’s Happening With this Year’s Returns?
(Harvest) In the first half of 2018, the Russell 1000 Growth Index was up over 7%, and the core Russell 1000 Index was up almost 3%. Meanwhile, the Russell 1000 Value Index lagged with a -1.7% return. Quality equity income […]
Top Prime Brokerage Execs Depart Cowen In Short Order
(eFinancial Careers) The two U.S. co-heads of prime brokerage at Cowen Inc. have left the firm just a year after joining. Michael DeJarnette and Douglas Nelson were named co-heads of the U.S. business in 2017 after coming over as part […]