Monthly Archives: August 2017
Graham Capital, A $14 Billion Hedge Fund, Has Lost Money in Almost all of its Strategies This Year
(The Business Insider) A $14.4 billion macro hedge fund is having a tough year – but still raising money. Graham Capital Management is in the red for 13 of 14 strategies listed in a July client letter reviewed by Business […]
The Quant Fund Robot Takeover Has Been Postponed
(Bloomberg) For computerized strategies that are supposed to be making people obsolete, quants are looking decidedly human in 2017. Program-driven hedge funds are stumbling, a promising startup has closed, and once-reliable styles are showing weakening returns. A handful of investment […]
Barclay Hedge Fund Index Rises 1.11% in July (+5.48% YTD)
(Opalesque) Industry Update: Hedge Funds gained 1.11% in July according to the Barclay Hedge Fund Index compiled by BarclayHedge. The index has risen every month this year and is up a cumulative 5.48% for 2017. “July was another winning month […]
Maverick Capital, a $10.5 Billion Hedge Fund, Is Struggling to Make Money
(Business Insider) Lee Ainslie’s Maverick Capital is having a tough year. The firm’s flagship Maverick Fund USA made no money in the first half of 2017, according to a client letter reviewed by Business Insider. The S&P 500, which the […]
Style Divergence Favors Growth
(Harvest) Growth investing has produced persistent and robust outperformance relative to value investing. To read this article:
ADP CEO Rodriguez Slams Pershing Square’s Ackman As Proxy Battle Heats Up
(FINalternatives) ADP CEO Carlos Rodriguez didn’t mince words when asked on CNBC about Bill Ackman’s activist interest in his company, saying the Pershing Square founder reminded him of a “spoiled brat” and blasting the hedge fund manager’s research into the […]
Eurekahedge: Hedge Fund Index Up 0.92% in July As Equity Longs Pay Off
(FINalternatives) Hedge funds extended their 2017 gains in July led by managers with an equity long bias, according to a flash update from Eurekahedge, although many still underperformed underlying benchmark indexes. To read this article:
As Short Sellers Target Chinese Companies in Hong Kong, Hostility Mounts
(Reuters) Short sellers are increasingly targeting Hong Kong-listed Chinese companies they allege have committed accounting tricks, market manipulation and fraud. And that’s despite mounting hostility faced by investors who bet against stocks. This year, there have been nine campaigns by […]
Aurelius Hedge Fund Seeks To Toss Puerto Rico’s Bankruptcy Filing
(Reuters) Puerto Rico’s bankruptcy, aimed at restructuring $72 billion of debt, violates the U.S. Constitution and should be dismissed, the Aurelius Capital Management hedge fund said in a court filing on Monday. The U.S. commonwealth’s federally appointed oversight board initiated […]
AUM In Pine River Multi-Strategy Fund Said To Fall 68% In Last 12 Months
(FINalternatives) Pine River Capital Management, which reportedly decided to end long/short equity trading in July in favor of a more event-driven approach anchored on M&A and spinoffs, has seen assets in its flagship multi-asset fund decline by approximately 68% in […]
Hedge Funds Post Best Monthly Gain in July Since End of 2016
(Bloomberg) Hedge funds in July reported their best monthly returns since the end of 2016, boosted by equity and event-driven strategies. Funds on average gained 1.1 percent, according to Hedge Fund Research Inc.’s asset weighted composite index. Technology-focused equity funds […]
Overseas Stock Manipulator Settles SEC Charges
(HedgeCo.Net) An overseas stock manipulator has agreed to pay nearly $800,000 and be permanently barred from involvement in penny stocks after hiding his significant stake in a small oil & gas company while secretly funding a fraudulent promotional campaign that […]