Monthly Archives: August 2017
HFRX Global Hedge Fund Index Up +1% In July, +3.51% YTD
(FINalternatives) Hedge funds posted gains in July as global equity markets gained, the U.S. dollar fell and oil recovered some of its 2017 declines, according to an update from Hedge Fund Research. To read this article:
Wilshire: Liquid Alternatives Gain $3.1B in AUM During Second Quarter
(FINalternatives) Investors continued to allocate capital to liquid alternative strategies in the second quarter, according to the Q2 2017 edition of the Wilshire Liquid Alternatives Industry Monitor, although at a far slower pace than earlier in the year. To read […]
Cohodes Protégé to Raise $200 Million for a Short Hedge Fund
(Bloomberg) An eight-year rally in stocks that’s punished contrarians who’ve dared to bet against the market isn’t deterring 26-year-old Fahmi Quadir from starting a short-selling hedge fund. “I’ve seen the tail end of a bull market and it doesn’t scare […]
Procter & Gamble Tells Shareholders to Fend Off Hedge Fund Investor Peltz
(The Standard) Procter & Gamble is hitting back at activist investor Nelson Peltz, saying in a letter Tuesday that he is not entitled to a board seat just because he wants it. Peltz’s hedge fund has a 1.5 percent stake […]
Paul Tudor Jones Clients Pull 15% From Main Hedge Fund
(Bloomberg) Paul Tudor Jones’ investors are increasingly deserting him. The billionaire macro manager who helped give rise to the hedge fund industry saw clients pull about 15 percent of their assets from his main fund in the second quarter, according […]
Cheyne Capital Launches Distressed Credit Business
(Opalesque) Cheyne Capital, the London-based alternative asset manager, announces the launch of a new sub-investment grade credit business, SVC. The team will be run by Anthony Robertson, formerly Head of Leveraged Finance at BlueBay Asset Management, who joins as CIO […]
Index Rules and Analyst Fatigue
(Bloomberg) In recent years, founders of big tech companies have realized that they can take their companies public while still maintaining control in perpetuity, by setting up dual- or even triple-class stock structures and issuing low- or even nonvoting stock […]
SEC Files Charges to Stop Fraudulent Misuse of Cancer-Fighting Investments to Fund Businesses
(HedgeCo.Net) The Securities and Exchange Commission today filed charges to stop an alleged ongoing fraud by a Massachusetts businessman misusing investments intended for the development of cancer diagnostic tests to instead pay personal expenses and fund his fiancée’s restaurant businesses. […]
Credit Suisse Said To Prep Spinoff Of $1B Quant Hedge Fund Business
(FINalternatives) Credit Suisse Asset Management is reportedly planning to spin out its $1 billion Quantitative and Systematic Asset Management division, home to the company’s internal Qube and QT equity-focused quant funds, later this year. To read this article:
Hedge Fund Man Group’s Assets at Record on Low-Cost Products
(Bloomberg) Investors are falling in love with hedge funds again, just at a lower cost. Man Group Plc, the world’s largest publicly traded hedge-fund firm, reported record assets under management on strong inflows and investment gains as the industry makes […]
Oceanwood Capital’s Main Fund Up 10.9 Pct Year-to-June 30
(Reuters) London-based hedge fund Oceanwood Capital Management’s main fund made gains of 10.9 percent in the first six months of the year, a source close to the firm said on Monday. The $2.1 billion Oceanwood Opportunities Fund, started in September […]
Investors Stick With Macro Funds, Hope For Volatility Comeback
(Reuters) Lack of volatility in financial markets that has hit ‘macro’ hedge funds in the first half of the year has not stopped some investors from betting that things could get bumpier in the second half. Money poured into many […]