Monthly Archives: July 2017

A Hedge Fund Started By a Steve Cohen Protégé Is Crushing It

(The Business Insider) A hedge fund started by a Steve Cohen protégé is up double-digits in 2017. David Fiszel’s Honeycomb Asset Management is up 12.2% after fees over the past six months in its Class A shares.. To read this […]

SEC Bars Lawyer Who Committed Fraud

(HedgeCo.NET) The Securities and Exchange Commission has barred a New York-based attorney from appearing or practicing before it and acting as an officer or director of a public company after finding that he made false and misleading statements in corporate […]

eVestment: Hedge Fund Industry Inflows +$20.65B In First Half

(FINalternatives) Investor sentiment seems to be broadly catching up with improved investment performance, as capital flows to the hedge fund industry were positive in both second quarter and first half of 2017. However, June’s flows were negative again, notes industry […]

SS&C GlobeOp: Forward Redemption Indicator Down to 2.57%

(FINalternatives) The pace of hedge fund redemptions moderated in July from June’s elevated pace and remains below last year’s levels, according to new research from fund administrator SS&C GlobeOp. To read this article:

Lyxor: Hedge Fund Index Flat For 2017 As Event-Driven, Equity Strategies Shine

(FINalternatives) Hedge funds were flat again last week as gains in event-driven, L/S Equity and CTA funds were offset by a decline in Global Macro strategies, according to Lxyor Asset Management’s latest research. To read this article:

This Hedge Fund Is Betting $280m on a 34-Year-Old Guy

(Bloomberg) Dan Och still runs the show at Och-Ziff Capital Management Group. He’s the chief executive officer, the chairman of the board and very much the face of the hedge-fund powerhouse he founded more than two decades ago. But in […]

Direct Lending Funds’ Fading All-Weather Appeal

(Reuters) Miami-area money manager Bob Press appears to offer the ultimate all-weather investment: a “direct lending” hedge fund that does not require a long-term commitment and has produced nearly 90 straight months of positive returns not correlated to other markets. […]

Wall Street’s White House Takeover Continues With Appointment Of Anthony Scaramucci

(Forbes) On Friday, President Donald Trump made Anthony Scaramucci the new White House communications director. The appointment pushed Sean Spicer, a longtime Washington operative, to resign as the White House press secretary. Scaramucci is a creature of Wall Street not […]

Mystery Bond Trader Nets $10m on Treasury Strangle Gamble

(Bloomberg) The unknown bond trader who placed a potentially record wager in the Treasury options market may have just netted a $10 million profit. The $10 million worth of put and call options on 10-year Treasury futures that the trader […]

Goldman Is on a Hiring Spree to Become the Google of Wall Street

(The Business Insider) Goldman Sachs is looking to fill over 20 positions for its Marquee platform, which is at the heart of its plan to become the Google of Wall Street. To read this article:

Internal Power Struggle Rattles Guggenheim Partners

(New York Post) A titanic war is brewing between the principals at Guggenheim Partners, with more than 10 senior execs defecting in the past year or so. The $240 billion money-managing firm has been divided into two camps: To read […]

Managed Futures In a Drawdown – How Bad Is It? – Take a Look

(Harvest) The managed futures hedge fund strategy, as measured by a well-watched peer group index, is in a major drawdown. In spite of this, money is still flowed as investors have taken a forward looking view of what this strategy […]