Monthly Archives: July 2017
The Central Bank With a Different Problem
(Harvest) For all the recent talk of major central banks coordinating to telegraph policy shifts, it’s easy to forget that each institution faces very different challenges. The Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of Japan […]
Federal Regulatory Agencies Announce Coordination of Reviews for Certain Foreign Funds Under Volcker Rule
(HedgeCo.Net) Five federal financial regulatory agencies have announced that they are coordinating their respective reviews of the treatment of certain foreign funds under section 619 of the Dodd-Frank Act, commonly known as the Volcker Rule, and the agencies’ implementing regulations. […]
JPMorgan Whistle-Blowers Set to Reap Record $61m Bounty
(Bloomberg) Two whistle-blowers are set to share a record $61 million award from the Securities and Exchange Commission for helping make the case that JPMorgan Chase & Co. failed to disclose to wealthy clients that it was steering them into […]
Hedge Fund Uses Algae to Reap 21% Return
(Bloomberg) Hedge fund manager Desmond Lun’s 21 percent average return over the last four years springs from an unlikely source — a petri dish of algae. Lun, 37, is a new kind of quant, combining AI wizardry with old-school biology […]
Castlelake Raises $2.4B For Fifth Fund In Four Months Of Marketing
(FINalternatives) Global alternative investment manager Castlelake LP has raised $2.4 billion in capital commitments for its latest fund, closing at its hard cap and beating its $2 billion target after only four months in the market.
Hedge Funders Scramble for Ways to Pay Tax Bill Now That a Big Loophole Is Closed
(CNBC) Hedge fund managers have to fork over billions of dollars in taxes next year for gains they accumulated on deferred income from offshore funds as a long-standing tax loophole expires. The Wall Street Journal reported Thursday that Steven Cohen, […]
Pershing Square Capital Management Files Paperwork For Two New Funds
(FINalternatives) Bill Ackman’s Pershing Square Capital Management is prepping two new fund vehicles, according to regulatory filings with the U.S. Securities & Exchange Commission on Friday. To read this article:
A Wave of Staffers Has Left Hedge Fund Folger Hill as the Firm Searches for Fresh Money
(The Business Insider) There has been a wave of departures from hedge fund Folger Hill as the firm searches for fresh money, Business Insider has learned. The departures include at least four portfolio managers, an analyst and staffers who worked […]
Big State Pension Takes a Hatchet to Hedge Funds
(Crain’s Chicago Business) The Illinois State Board of Investment, one of the state’s biggest pension funds, soon will have jettisoned all but its best performing hedge funds because of low returns and high fees. Over the past 18 months the […]
Investors Are Behaving Less Like Casino Punters In China’s Stock Markets
(Reuters) Retired chauffeur Yao Huiliang used to spend his days trading small-cap Chinese stocks, trying to make quick money on sharp moves – casino-type behavior often seen in China’s stock markets. But having lost on such bets recently, he is […]
HFR: Industry Assets Hit $3.1tn as New Capital Inflows Resume
(FINalternatives) Assets under management in the hedge fund industry hit its fourth consecutive quarterly record in Q2/17, reaching $3.1 trillion as investor allocations outweighed redemptions for the first time since the third quarter of 2015. Industry capital increased by $34.1 […]
Deutsche Bank Expects Subpoenas Over Trump-Russia Investigation
(HITC Business) Executives inside Deutsche Bank, Donald Trump’s personal bankers, are expecting that the bank will soon be receiving subpoenas or other requests for information from Robert Mueller, the special counsel who is investigating possible collusion between the Kremlin and […]