Monthly Archives: August 2018
Musk’s Tesla Buyout Plan Could Test Wall Street’s Nerves
(Reuters) A leveraged buyout of electric carmaker Tesla could be an ominous sign of market exuberance, but investors may need more justification to run for the exits. CEO Elon Musk’s suggestion on Tuesday that he wanted to take Tesla private […]
U.S. Congressman and Others Charged With Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission today announced the filing of insider trading charges against Congressman Christopher Collins, the U.S. Representative for New York’s 27th Congressional District, his son, Cameron Collins, and a third individual, Stephen Zarsky. In a parallel […]
Private Banks Are the New Hedge Funds
(Bloomberg) Who needs hedge funds when a $2.4 trillion private bank is offering global macro trades to navigate late-cycle markets — mimicking fast-money strategies with leverage to boot. UBS Group AG’s wealth management arm, the world’s largest, is pitching just […]
Fund managers turn bullish on gasoline:
(Reuters) Fund managers are rebuilding a big bullish position in U.S. gasoline futures and options – even as they remain on the sidelines across other petroleum contracts. Hedge funds and other money managers raised their combined net long position in […]
Tesla Buyout Would Add to Year of Pain for Short-sellers
(Reuters) It would be the ultimate black eye for short sellers. A buyout of electric carmaker Tesla Inc., led by entrepreneur CEO Elon Musk, would cap a painful ride for short sellers, who have amassed more than $13 billion in […]
Hedge Fund’s Italian Raid Leaves Us In the Dark
(Bloomberg) Ten years on from the financial crisis, bank balance sheets haven’t become any simpler to digest for the average investor. Finance firms are big and leveraged; regulations have just become new instruments of complexity. That might suggest a potential […]
The Four Dimensions Of The Hedge Funds Arms Race For Alpha
(Opalesque) From Don Steinbrugge, Agecroft Partners: It is no secret that the vast majority of investors, including hedge funds managers, have underperformed market indices over time. However, some managers have distinguished themselves generating very strong risk adjusted returns. Outperforming an […]
ESG Integration and Engagement: South Africa Sovereign Credit
(Harvest) Our experience in assessing South Africa’s sovereign credit shows how active engagement and thorough ESG analysis helps shape portfolio strategy. A version of this material will appear in a CFA Institute paper. Environmental, social and governance (ESG) indicators are […]
Cloud Communications Company and Two Senior Executives Charged With Misleading Revenue Projections
(HedgeCo.Net) The Securities and Exchange Commission today charged a cloud communications company and two executives with providing misleading quarterly revenue estimates. The company and executives agreed to pay over $1.9 million in penalties to settle the SEC’s charges. According to […]
Investor Appetite for Hedge Funds Is Soaring—But Define ‘Hedge Fund’
(Bloomberg) Investors are back to loving hedge funds, if you can still call them that.Net demand for allocating to hedge funds is the highest in at least three years at 28 percent, compared with 12 percent a year prior, according […]
Element Is Raising $3 Billion as Hedge Fund Returns 21%
(Bloomberg) As Jeffrey Talpins crushes it this year, investors can’t get enough, pouring $3 billion into his hedge fund in the past month. Element Capital Management gained 20.5 percent this year through July, according to a person familiar with the […]
UK’s West Yorkshire Pension Fund Halves Hedge Fund Investments
(Reuters) A British government pension scheme that looks after local authority retirement pots in West Yorkshire has more than halved its stake in hedge funds in favour of other alternative assets, according to its latest annual report. West Yorkshire Pension […]