Monthly Archives: August 2017
Hedge Fund Managers Not Optimistic About Second Half of 2017: Industry Survey
(Reuters) Hedge fund managers have a dim view of the second half of 2017 after a solid start to the year, an industry survey released on Thursday showed. Fundraising, which had picked up during the first six months of 2017, […]
A Portfolio Manager At Izzy Englander’s $35 Billion Hedge Fund Is Setting Off On Her Own
(The Business Insider) A longtime portfolio manager at Izzy Englander’s $35 billion hedge fund Millennium is setting off on her own. Sara Nainzadeh is in the early stages of prepping a new hedge fund called Centenus Global Management with the […]
A Fresh San Francisco Hedge Fund Is Aiming to Raise as Much as $600 Million
(The Business Insider) Jet Theriac, a former portfolio manager at Hutchin Hill Capital, is starting a new hedge fund in San Francisco. Theriac plans to launch the fund, Lanternback Capital, with between $100 million and $600 million in January 2018…. […]
The Hot New Hedge Fund Flav Is ‘Quantamental’
(Bloomberg) Fundamental and quantitative investing used to be the hedge-fund versions of oil and water: They didn’t mix. Those in the fundamental camp do analysis the old-fashioned way, evaluating investments based on research and instinct, with humans calling the shots. […]
Asset Allocation Views: Preparing for Pivot Points
(Harvest) With critical policy pivots on the horizon, investors should approach asset allocation with full appreciation for downside risk and stay focused on relative value and security selection. Investors have enjoyed economic stability and positive market returns for years, but […]
The Investing Secrets Of Hedge Fund Legend Seth Klarman: ‘Never Hold On For The Last Nickel’
(CNBC) Seth Klarman is a value investing giant who draws comparisons to Warren Buffett and is one of the most successful hedge fund managers still working today. Seth Klarman shared his top investment tips and strategies in a rare talk […]
Ex-Trader Litvak Ordered to Federal Prison During His Appeal
(Bloomberg)Jesse Litvak’s luck has finally run out. A federal appeals court on Tuesday ordered the former Jefferies LLC trader to report to prison on Sept. 12 to begin serving a two-year sentence for lying to customers about mortgage bond prices. […]
Mathew Martoma’s Insider Trading Conviction Is Upheld
(New York Times) A federal appeals panel upheld on Wednesday the insider trading conviction of Mathew Martoma, a former portfolio manager for Steven A. Cohen, in what prosecutors once called the most lucrative insider trading scheme of all time. Lawyers […]
Quant Firm AQR Capital Management Seeks SEC Approval to Sell ETFs
(Bloomberg) One of the most profitable quant money managers may soon be taking a dive into the hot exchange-traded fund industry. AQR Capital Management, the $195 billion firm co-founded by Cliff Asness, last week asked the Securities and Exchange Commission […]
July Inflows Bring Hedge Fund Industry AUM To Near Record
(FINalternatives) Investors continued to allocate fresh capital to the hedge fund space in July, according to new research from eVestment, adding $7.91 billion in inflows during the month and bringing total industry AUM to a near-record $3.163 trillion. To read […]
Hedge Fund Crusade Stymied as Japan Inc. Clings to Cross-Shares
(Bloomberg) Hedge fund manager Seth Fischer has a powerful ally as he campaigns for Japanese companies to sell their stakes in each others’ businesses: Prime Minister Shinzo Abe. Not that it’s made much difference. Kyocera Corp. still owns a $9 […]
Brevan Is Said to Hire Ex-Goldman Sachs Bond Trader Casulli
(Bloomberg) Brevan Howard Asset Management, the hedge fund co-founded by billionaire Alan Howard, hired former Goldman Sachs Group Inc. executive Andrea Casulli, according to a person with knowledge of the matter. Casulli, who had also worked at UBS Group AG, […]