Monthly Archives: August 2016
SEC Adopts Rules to Enhance Information Reported by Investment Advisers
(HedgeCo.NET) The Securities and Exchange Commission today adopted amendments to several Investment Advisers Act rules and the investment adviser registration and reporting form to enhance the reporting and disclosure of information by investment advisers. The amendments will improve the quality […]
Teen hedge fund manager’s father accuses regulator of ‘thuggery’
(Yahoo Finance) Teenage hedge fund manager Jacob Wohl — nicknamed “Wohl of Wall Street” — had his first run-in with a regulator.The National Futures Association (NFA) — a self-regulator for the US futures market — has issued a complaint against […]
Citadel Hires Ex Bluecrest Portfolio Manager for London Office
(Reuters)Former BlueCrest Capital Management portfolio manager Ashish Goyal is set to join hedge fund manager Citadel, a Citadel spokesman said on Thursday.Goyal will start at Citadel’s London office in November and will be a portfolio manager on its global fixed […]
Steve Eisman Is Leading a Hedge Fund Revolution
(Valuewalk) Steve Eisman is somewhat of a celebrity in the hedge fund world. And after the release of the film adaptation of Michael Lewis’s The Big Short, Eisman has also become a star outside of the financial community as well. […]
Not All Hedge Fund Strategies Struggling In 2016
(Valuewalk) With all the talk of diminishing hedge fund returns and big redemptions, there are several categories in the HSBC Hedge Weekly performance report that appear to be bucking the trend. In some cases, category averages are significantly influenced by […]
Sears to Take More Debt From CEO’s Hedge Fund, Posts Loss
(Reuters) Struggling retailer Sears Holdings Corp (SHLD.O) posted a quarterly net loss, and the company said it accepted additional debt financing of $300 million from billionaire Chief Executive Edward Lampert’s hedge fund. The company had said in April that it […]
Hedge Funds Suddenly Winning on China’s Most Dangerous Short
(Bloomberg) Stock traders who stuck with China’s most painful short sale are finally getting some relief. After suffering through a 953 percent rally in shares of Yirendai Ltd. since mid-February, hedge funds and other bearish speculators were rewarded in the […]
LMR Partners Co-Founder Manuel Said to Plan Own Macro Hedge Fund
(Bloomberg) Andrew Manuel, a co-founder of the $2.5 billion hedge-fund firm LMR Partners LLP, is preparing to start his own global macro hedge fund with two partners later this year, according to two people with knowledge of the matter. Manuel […]
SEC Charges 71 Municipal Issuers in Muni Bond Disclosure Initiative
(HedgeCo.Net) The Securities and Exchange Commission today announced enforcement actions against 71 municipal issuers and other obligated persons for violations in municipal bond offerings. The actions were brought under the Municipalities Continuing Disclosure Cooperation (MCDC) Initiative, a voluntary self-reporting program […]
Hedge Funds See Biggest Redemptions Since ’09 as Returns Lag
(Bloomberg) For hedge funds, the news is getting worse. Investors pulled an estimated $25.2 billion from hedge funds last month, the biggest monthly redemption since February 2009, according to an eVestment report. The monthly withdrawals were the second straight for […]
Hedge Funds Are Shrinking, Not Dying
(Bloomberg) News that hedge funds suffered redemptions of $25.2 billion last month may translate into some individual shops closing, but for the industry as a whole, it’s a drop in the ocean. The bad news is that this latest bloodletting […]
Carlyle Sells Emerging Sovereign Stake Amid Hedge Fund Woes
(Bloomberg) Carlyle Group LP, whose hedge fund business has been bleeding assets, is exiting its majority stake in $3.5 billion Emerging Sovereign Group after only five years. Carlyle, which was co-founded by David Rubenstein, held a 55 percent position in […]