Monthly Archives: August 2018
Saba Hedge Funds Focused on Closed-End Credit Suffer 2018 Losses
(Bloomberg) Boaz Weinstein’s hedge funds that invest in closed-end credit strategies have posted losses this year. The market-neutral Saba Capital CEF Opportunities 2 dropped about 7.5 percent in the first seven months of the year and fell 2.6 percent in […]
Britain’s Brevan Howard Readies New Hedge Fund
(Reuters) Brevan Howard Asset Management plans to launch a new hedge fund betting on shifting monetary policy, two sources familiar with the matter said, as a decade of money printing by central banks and zero interest rates comes to an […]
Goldman to Shut Two Hedge Funds Run Out of Asia
(Bloomberg) Goldman Sachs Group Inc. is shutting two hedge funds run by people based in Asia, according to people with knowledge of the matter. The funds, which together manage about $1.4 billion in assets, were run by Goldman Sachs partners […]
Former Julius Baer Executive Pleads Guilty to Money Laundering
(Bloomberg) A former Julius Baer Group Ltd. wealth manager admitted to participating in a billion-dollar scheme to launder money embezzled from Venezuela’s state-owned oil company, less than a month after he was arrested for his alleged role in the plot. […]
Chris Hohn’s Children’s Investment Fund has Stepped up its Bid to End the €8.5bn Safran-Zodiac Deal
(City A.M) Sir Chris Hohn’s activist hedge fund has stepped up its campaign to halt an €8.5bn (£7.4bn) takeover. And now, it’s getting personal. The Children’s Investment (TCI) Fund has written to the board members of Safran, the aircraft engine […]
Emerging Markets: Looking Past Turkey
(Harvest) Worsening relations with the U.S. have spurred a sharp selloff in Turkish assets and exposed economic weaknesses such as large external debt loads and rampant inflation. We see many of these problems as unique to Turkey, yet other EMs […]
State of Fixed Income
(Harvest) Will Bonds Continue Fulfilling their Dual Role?An allocation to fixed income has traditionally been present in all but the most aggressive of portfolios, with conservative portfolios often being 100% fixed income. Certainly, many portfolios have benefited from their allocation […]
Online Marketing Company Executives Charged With Inflating Operating Metrics
(HedgeCo.Net) The Securities and Exchange Commission today announced settled charges with two former top officers of Endurance International Group Holdings Inc. for overstating the company’s subscriber base, and charged a former executive of Constant Contact Inc. for making similar misrepresentations. […]
Hedge funds up 0.43 per cent YTD
(Hedgeweek) Hedge funds are up 0.43 per cent so far in 2018, their weakest performance on record since 2008 when they declined 0.23 per cent in the seven months up to July, according to the August 2018 Eurekahedge report. To […]
Merrill Lynch Agrees to Pay $8.9 Million to Settle Undisclosed Conflict in Advisory Decision
(HedgeCo.Net) Merrill Lynch, Pierce, Fenner & Smith has agreed to pay approximately $8.9 million to settle charges that it failed to disclose a conflict of interest arising out of its own business interests in deciding whether to continue to offer […]
Texas ERS and PAAMCO Launchpad to host first hedge fund emerging manager event in October
(Hedgeweek) The Employees Retirement System of Texas (Texas ERS) and PAAMCO Launchpad are to hold their first hedge fund emerging manager on 24-25 October 2018 at KKR’s office in New York City. To read this article:
Brevan Howard readies new hedge fund-sources
(Reuters) – Brevan Howard Asset Management plans to launch a new hedge fund betting on shifting monetary policy, two sources familiar with the matter said, as a decade of money printing by central banks and zero interest rates comes to […]