Monthly Archives: August 2017
Hedge Funds Exit Consumer Discretionary Sector in Q2, Says S&P
(Hedgeweek) The latest S&P Global Market Intelligence Hedge Fund Tracker shows the top hedge funds managed approximately USD154 billion in equity holdings in Q2 2017, down slightly from the USD157 billion under management in Q1 2017. The total number of […]
Old-School Stocks Lifted Returns at This Japanese Hedge Fund
(Bloomberg) Akamatsu Fund, a $60 million Japan-focused hedge fund, is on track for its best returns in four years as bets on small-cap manufacturing stocks started to bear fruit. The long-short fund rose 2.2 percent in July, bringing its returns […]
Computer Error? Top Trend Following Hedge Funds Lose Out In 2017
(Reuters) Big computer-driven hedge funds such as AQR Capital Management, Aspect Capital and Two Sigma lost money in the first seven months of 2017, with human stock-pickers making better returns. The average hedge fund made 4.8 percent from the start […]
Trump’s New China-Trade Mistake
(Bloomberg) You may have a sense of deja vu. Once again, Donald Trump’s administration is stirring up a trade dispute with China. Once again, it’s doing so ineptly and without any obvious objectives. This time, the dispute concerns intellectual property, […]
Hedge-fund honchos including David Tepper are loading up on Alibaba
(CNBC) David Tepper’s Appaloosa Management and three other hedge funds took new stakes in Chinese e-commerce giant Alibaba in the second quarter, according to the latest quarterly filings. Appaloosa disclosed a 3.7 million stake in shares of Alibaba, according to […]
U.S. Hedge Funds Bearish on FAANG Stocks in Second-Quarter
(Reuters) Closely-watched U.S. hedge fund managers were generally bearish on the FAANG group of high-flying tech stocks in the second quarter, with eight such investors in aggregate cutting or liquidating 18 stakes in the companies, regulatory filings showed. The group […]
SEC Charges KPMG with Audit Failures
(HedgeCo.Net) The Securities and Exchange Commission today announced that KPMG has agreed to pay more than $6.2 million to settle charges that it failed to properly audit the financial statements of an oil and gas company, resulting in investors being […]
Industry Assets Up $108B YTD As Hedge Fund Performance Recovers
(FINalternatives) Asset flows to hedge funds continue to ride the sector’s performance recovery, according to new data from Eurekahedge, as nearly three-quarters of managers tracked by the company are in the green for the year and gains in industry-wide AUM […]
Overvaluation Fears Rise As U.S. Profit Expectations Plummet
(FINalternatives) A record 46% of global investors believe equity markets are overvalued, according to Bank of America Merrill Lynch’s most recent monthly fund manager poll, while cash levels remain elevated at 4.9% and only net 33% of investors believe U.S. […]
Hedge Fund Elliott Raises Stake in BHP in Push For Change
(Reuters) Hedge fund Elliott Management has raised its stake in BHP Billiton (BHP.AX) (BLT.L) to 5 percent, bolstering its position to agitate for change at the top global miner, but signaled its support for the incoming chairman. New York-based Elliott […]
Bearish Odey Shorts Metal Stocks on China Slowdown
(Bloomberg) Crispin Odey, the hedge fund manager who has stuck to bearish bets despite booming global markets, is shorting metal stocks in anticipation of slowing economic growth in China. Miners from Glencore Plc to BHP Billiton Ltd. have jumped since […]
U.S. Hedge Funds Circle High-Flying Tech Stocks in Q2 -SEC filings
(Reuters) U.S. hedge fund managers were active in the FAANG group of high-flying tech stocks in the second quarter, with Third Point increasing its stake in two of the companies and Omega Advisors trimming stakes in three, regulatory filings showed. […]