Monthly Archives: July 2018
Huge Equity Funds Outflow Has Awkward Echoes of 1998 Asian Crisis
(Financial Times) Increasing concern about the effect of a possible trade war between the US and China has forced investors in equity funds to head for the exits. Investors pulled $29.7bn from equity funds in the week ended June 27, […]
Einhorn Deepens Slide as Greenlight Plunges 19% in First Half
(Bloomberg) David Einhorn’s main hedge fund at Greenlight Capital fell 7.7 percent in June, bringing losses for the first half of this year to almost 19 percent, according to a client update seen by Bloomberg. His value-investing strategy fell well […]
One of Hottest Hedge Funds in Korea Returns 14% as Stocks Slide
(Bloomberg) A hedge fund firm is causing a stir among investors in South Korea, delivering strong returns even as the stock market declines and attracting a flood of money. Timefolio Asset Management has gained almost 14 percent this year in […]
North Wall Capital Expands Investment Team
(Opalesque) North Wall Capital, an alternative investment firm focused on providing flexible private capital to UK and European businesses, announced today the addition of two new Principals to the investment team. Simon Latimer has joined North Wall Capital from Fortress […]
Launches: Hedge Fund Launches Exceed Liquidations For Third, Consecutive Quarter
(Opalesque) Singapore-based UOB Asset Management (UOBAM) has launched a new fund targeted at retail investors in the city state seeking to diversify into alternative investments such as private equity and hedge funds. The new United Asia Pacific Diversified Strategies Fund […]
Credit Suisse Cuts Senior Banker Jobs in Hedge Fund Unit
(Bloomberg) Credit Suisse Group AG has been reorganizing its prime brokerage unit, cutting some jobs while hiring selectively. This week, the Swiss bank pruned another seven positions from the New York desk that caters to hedge funds, according to a […]
Sometimes no trade is the trade’, Vulcan Metals takes the long view
(Opalesque) When James Gallo started in markets, commodities were still traded in the pit. After a short stint as an intern he was hooked. Gallo eventually became the youngest COMEX trader ever at age 21. Since then, he’s built an […]
Hedge Funds Asset Flows ‘Slightly Negative’ For May
(Asset Servicing Times) Hedge fund asset flows are ‘slightly negative’, with investors pulling $1.59 billion from the indusry during the month, eVestment’s May hedge fund asset flows report revealed. The ovearall year-to-date fund flows are still positive, at +$12.51 billion, […]
Einhorn Deepens Slide as Greenlight Plunges 19% in First Half
(Bloomberg) David Einhorn’s main hedge fund at Greenlight Capital fell 7.7 percent in June, bringing losses for the first half of this year to almost 19 percent, according to a client update seen by Bloomberg. His value-investing strategy fell well […]
U.K. Lawmaker Calls for Inquiry Into Hedge Funds’ Use of Private Brexit Polling
(Bloomberg) U.K. lawmaker Bob Seely called for a parliamentary inquiry into the use of private polling data by some of the world’s biggest hedge funds betting on the 2016 European Union referendum. Seely, a Conservative member of parliament for the […]
Hedge funds positive again in June
(Hedgeweek) Hedge funds posted another positive yet meagre gain in June, dragged down by the losses of emerging markets managers, according to data released by Eurekahedge. Distressed debt hedge fund managers maintained their position across strategic mandates with their year-to-date […]
2018 Global Market Outlook – Q3 update: Trade-war tightrope
(Harvest) The two key global market trends of early 2018—U.S. growth leadership and the U.S. dollar bounce—have probably run their course. Be alert for an escalation in the trade-war issue, and keep an eye on the yield curve for a […]