Monthly Archives: August 2016
New Jersey Pension Halves Hedge Fund Exposure
(aiCIO) The smaller hedge fund mandate will prioritize risk-mitigating strategies and lower fees….The New Jersey Investment Council has voted to reduce its strategic allocation to hedge funds from 12.5% to 6% of the $71.9 billion portfolio. To read this article:
Japan Hedge Funds Hit by Brexit
(Hedgeweek) Hedge fund data provider HFR reports that hedge funds investing in Japan declined to conclude the first half of 2016 as the Japanese Yen surged on Brexit, while hedge funds investing in China and throughout Emerging Asia posted mixed […]
The Seven-Year Short
(Bloomberg) On any given evening, after Mark Hart and his wife have put their kids to bed, he’ll duck into his bedroom closet and close the door behind him. Then, by pixel-light, he goes to work. Hart, a hedge fund […]
Bridgewater Making Waves with Dual-Party Valuation
(Pension & Investments) Bridgewater Associates LLC is the first money manager to have instituted a dual-party valuation process for its complicated suite of hedge fund and long-only portfolios with aggregate assets of $150 billion, achieving its goal of having iron-clad […]
Quants Ease Into Fundamental Firms
(Pension & Investments) Rather than grasping for straws in the face of lackluster market conditions, fundamental equity and multistrategy hedge fund managers are grabbing quantitative specialists to help them interpret macro trends and hopefully improve returns. Hedge fund managers as […]
SEC Charges Cardiologist With Insider Trading on Confidential Drug Trial Developments
(HedgeCo.Net)— The Securities and Exchange Commission today charged a cardiologist with insider trading on confidential developments as he worked on a clinical drug trial. The SEC alleges that Dr. Edward Kosinski of Weston, Connecticut, traded in advance of two negative […]
July Positive Across Hedge Fund Strategies
(Hedgeweek) July saw positive performance across the majority of asset classes as markets rebounded after the Brexit turmoil. The MSCI World Index returned 4.3 per cent whilst the Barclays US Aggregate Bond Index returned 0.6 per cent, pushing both indices […]
Why Are the Markets Prone to Black Swans?
(Harvest) A lot of people are really uncertain as to how this all ends and they keep on trying, and as they try, particularly Central Banks, we’ve expanded the credit base so dramatically that potential black swans are places like […]
Loeb Insurer Posts Biggest Profit Since 2013 on Investments
(Bloomberg) Third Point Reinsurance Ltd., the company that counts on hedge fund manager Dan Loeb to oversee investments, posted its biggest profit since 2013 as his portfolio rebounded. Second-quarter net income more than tripled to $53.4 million, or 51 cents […]
Hedge Fund BAM Strategy Move Ends $250 Mln Discretionary Play
(Reuters) Hedge fund Balyasny Asset Management (BAM) is closing a $250 million “discretionary” portfolio run by Torbjorn Andreassen who is leaving the firm, a source told Reuters on Thursday. BAM manages a total of $12 billion, primarily in its Atlas […]
Taconic Co-Founder Brody Comes Out of Retirement to Launch New Hedge Fund
(Reuters) Hedge fund veteran Kenneth Brody has come out of retirement to launch a new money management firm, a person familiar with the situation told Reuters on Thursday. Brody, who co-founded Taconic Capital Advisors and retired in 2013, has reemerged […]
Hedge Funds Seen by Citigroup Buying Gas as Mid-$3 Forecast
(Bloomberg) Citigroup Inc. expects hedge funds to bet on rising natural gas by the end of the year as strong demand and slowing production help push prices toward the mid-$3 range in 2017. Money managers will probably hold more long […]