Monthly Archives: August 2015
World’s Richest People Lose $182 Billion in Market Rout
(Bloomberg) The world’s 400 richest people lost $182 billion this week from their collective fortunes as weak manufacturing data from China and a rout in commodities sent global markets plunging. The weekly drop for the Bloomberg Billionaires Index, a group […]
Asia Stocks Climb With U.S. Futures After $2.7 Trillion Wipeout
(Bloomberg) Asian stocks rose with U.S. index futures after a selloff that wiped $2.7 trillion from global equity markets on Monday. Oil climbed from six-year lows, while the yen retreated with government bonds. Australian and Korean equities led gains through […]
Hedge Funds Put Brave Face On Stocks Turmoil
(Reuters) Just after the Dow Jones Industrial Average plunged over 1,000 points on Monday morning, New York-based hedge fund manager Sahm Adrangi sent around his weekly note showing his fund lost 2 percent so far in August. His conclusion regarding […]
Hedge Funds Holding Up Better Than Market
New York (HedgeCo.net) – With only one week to go in August, the S&P is down over 10% so far this month and the index is facing its worst monthly loss since February 2009. Based on information from a Wall […]
Fund Manager Aberdeen Considers Increasing Allocations During The Market Selloff
New York (HedgeCo.net) – The global meltdown in stocks has caused at least one hedge fund manager to consider increasing its allocation to equities. British asset manager and hedge fund operator Aberdeen Asset Management Plc expressed those thoughts in an […]
China’s Black Monday: Panic Grips Global Financial Markets As Stocks Undergo “Bloodbath” of Selling
(The Telegraph) Chinese market plunges 8.45 per cent, triggering widespread selling across Asia which has wiped off more than €5 trillion off global stocks in two weeks….The latest wave of flagging growth indicators is set to force Beijing into drastic […]
Investors Race To Escape Risk in Once Booming Emerging Market Bonds
(New York Times) The large funds that helped fuel rapid growth in developing countries have begun hastily retreating from those investments, contributing to the recent sharp decline in global markets. In the last week alone, investors pulled $2.5 billion from […]
U.S. Asset Manager Warns Over “Risk Parity”
(Financial Times) AllianceBernstein, a big US asset manager, has warned that the swelling popularity of an investment strategy known as “risk parity” is exacerbating the fragility of financial markets and worsening sell-offs. Equity and bond markets have been hit hard […]
Carlyle Group Fund Wins Big on Bearish Yuan Trade
New York (HedgeCo.net) – The last few months have not been kind to Carlyle Group as the company’s earnings report released in July showed earnings that were down 38% on a year over year basis. Also in July, the company’s […]
Investors Redeem $5 Billion From Hedge Funds In July
(Think Advisor) Global investors redeemed $5 billion from hedge funds in July, according to eVestment. Still, the month ended in the black, as positive performance increased assets under management by an estimated $16 billion, bringing total hedge fund assets to […]
Hedge Fund Gains $100 Million In Two Days On Bearish China Bet
(Wall Street Journal Interactive) A Carlyle Group LP hedge fund that anticipated a sudden currency-policy shift in China gained roughly $100 million in two days last week, a sign of how some bearish bets on the world’s second-largest economy are […]
20 Tech Stocks The Richest Hedge Fund Billionaires Are Betting On Now
(Forbes) What’s the next big tech stock? Just follow the leaders. We’ve previously taken a look at the top trades of the world’s richest active hedge fund managers. For the quarter ending on June 30, we compiled an updated list […]