Monthly Archives: July 2018
Brevan Howard, Stone Milliner Founders Back Data Firm Qi
(Reuters) Two of Europe’s leading macro hedge fund investors are backing a machine learning data analytics firm that aims to give traders an edge in picking winning bets across stocks and indexes. Alan Howard, founder of Brevan Howard, and Jens-Peter […]
China Hedge Fund Says Stocks Are Near Bottom
(Bloomberg) The rout in Chinese stocks may be nearing an end as the central bank turns to more accommodative monetary tools, according to Shanghai Chongyang Investment Management Co., whose flagship hedge fund has returned 356 percent since its launch in […]
CIC to Maintain Hedge Fund Allocation on `Very High’ Returns
(Bloomberg) China’s $930 billion sovereign wealth fund is maintaining its allocations to hedge funds near current levels thanks to their “very high” risk-adjusted returns, even as some investors rail against poor performance and high fees. Hedge funds have delivered China […]
Here’s What We Know About China’s Stance as Tariff Hour Nears
(Bloomberg) Friday July 6 is the date when the world’s two largest economies are due to slide deeper into a trade conflict that’s roiled markets and cast a shadow over the global growth outlook. In Beijing, policy makers are digging […]
Ex-Jefferies Asia CEO Alexander Joins Crypto Firm Block.one
(Bloomberg) Michael Alexander, who until recently was Asia chief executive officer at Jefferies, will head Block.one’s venture capital arm, with a focus on developing projects that rely on the firm’s EOSIO blockchain software… He will be based in Hong Kong […]
City Tycoon Alan Howard Joins Multi-Million Dollar Round For AI Tech Startup Quant Insights
(City A.M) Hedge fund tycoon and City veteran Alan Howard has backed a series B investment round into London macro analytics startup Quant Insight (QI). Additional backing came from Stone Milliner Asset Management’s Jens-Peter Stein, in a round understood by […]
Asia Stocks Little Changed as US-China Tariff Deadline Looms
(Citywire) Asian stock markets were little changed on Thursday in morning trade as investors remained nervous amid a looming deadline for Washington’s proposed tariffs on Chinese imports. Japan’s Nikkei 225 hovered around the flat line in the morning, inching higher […]
Attorney and Law Firm Business Manager Charged With Illegal Sales of UBI Blockchain Internet Stock
(HedgeCo.Net) The Securities and Exchange Commission has charged two men alleged to have profited from illegal sales of stock of a company claiming to have a blockchain-related business. According to the SEC’s complaint, attorney T.J. Jesky and his law firm’s […]
Funds processing automation rates reach new heights
(Hedgeweek) The total automation rate of processed orders of cross-border funds reached 88 per cent in the last quarter of 2017, which represents an increase of 1.3 percentage points (p.p.) compared to the fourth quarter of 2016. To read this […]
Hedge Funds Bridgewater, Winton Register to Launch Products in China
(Reuters) Renowned global hedge fund managers Bridgewater Associates LP and Winton Group Ltd have had registrations to launch products in China accepted at a time of turbulence in capital markets, reflecting a change in the government’s stance toward such foreign […]
Hedge Fund Veteran Gives Up on Chinese Stocks
(Bloomberg) John Foo, who has managed long-only and hedge funds in Asia for 20 years, has sold out of Chinese stocks for the first time in his career as a money manager. Foo’s Kingsmead Asset Management ended all bullish and […]
U.K. Lawmaker Says Secret Hedge Fund Brexit Polling a ‘Scandal’
(Bloomberg) U.K. lawmaker George Foulkes said hedge funds use of private polling data to bet on the outcome of the 2016 British referendum was a “scandal,” and called for an investigation into practices revealed in a Bloomberg report. If “any […]