Monthly Archives: August 2018
Billionaire Paulson Attracts Chinese Suitor for Steinway
(Bloomberg) Steinway Musical Instruments Inc., the legendary piano maker controlled by U.S. hedge fund billionaire John Paulson, has attracted takeover interest from China Poly Group Corp., people familiar with the matter said. The state-owned conglomerate is in the early stages […]
Hedge Fund Performance Mixed For July
(Harvest) Hedge fund returns for July were generally negative with the only exceptions being equity hedge and fundamental value strategy indices. The class of uncorrelated hedge funds styles, event driven and special situations, under performed. Defensive styles like systematic CTA […]
The world’s top hedge funds will not accept money just from anybody:
(Opalesque) In the week ending 03 August, 2018, the WSJ wrote that all the money in the world can’t get you into some of the world’s best hedge funds, and investors who can’t get into these high-return exclusive funds are […]
More Rate Hikes in Emerging Markets
(Harvest) There are further signs that central banks in emerging markets are turning hawkish—all the more so because global risks remain elevated and uncertainties abound. The Czech National Bank (CNB) is on a tightening spree, going for a second 25bps […]
Internal Strength Drives US Stocks
(The Technical Analyst) US stocks can be expected to continue to rally to new highs as internal breadth points to further strength, says Ari Wald at Oppenheimer. US stocks can be expected to continue to rally to new highs as […]
Crayhill Capital Management Names Sloan Sutta As Managing Director
(Opalesque) Crayhill Capital Management LP, an alternative asset management firm that specializes in private credit investments, announced today the appointment of Sloan Sutta as Managing Director. Mr. Sutta will be a senior member of Crayhill’s investment team, and his responsibilities […]
SEC Updates List of Firms Using Inaccurate Information to Solicit Investors
(HedgeCo.Net) The Securities and Exchange Commission today announced that it has updated its list of unregistered firms that use misleading information to primarily solicit non-U.S. investors, adding 16 soliciting entities, four impersonators of genuine firms, and nine bogus regulators. The […]
Morgan Stanley Raises $516 Million for Hedge Fund Co-Investments
(Bloomberg) Morgan Stanley’s alternative investment group raised $516 million to invest alongside hedge funds in longer-term wagers, as clients move away from more traditional bets in public markets. In addition to co-investing, the pool of money will also buy investments […]
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 […]
Berkshire Hathaway Profit Surges As Economy Gives Buffett A Boost
(Reuters) Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said quarterly operating profit rose 67 percent, as insurance underwriting rebounded and several business units benefited from a growing economy. Results easily topped analyst forecasts. Underwriting profit […]
Hutchin Hill Founder Neil Chriss To Build Quant Team At Millennium
(eFinancial) Neil Chriss, founder of recently-defunct hedge fund Hutchin Hill Capital, isn’t going to be sitting on the sidelines for too long. The famed mathematician is joining Millennium Capital Management. To read this article:
Why A Trade Truce Could Add Almost $2 Trillion To The Stock Market
(New York Times) The United States stock market might be worth nearly $2 trillion more if not for the trade war. Consider that the cost that investors appear to be ascribing to President Trump’s efforts to upend decades of trade […]