Monthly Archives: August 2018
BlackRock Snaps Up Turkish Bonds as Goldman Sounds Warning
(Bloomberg) BlackRock is adding Turkish bonds to its portfolios even as Goldman Sachs says the country’s policy makers are “doing everything wrong.” Out of the five most-traded Turkish dollar bonds, the world’s biggest money manager added four to its positions […]
Hedge Funds Suffer 2nd Quarterly Net Redemption
(Opalesque) In the week ending 27 July 2018, investors withdrew an estimated $7.88 billion from global hedge funds in June 2018, bringing overall Q2 2018 net flows for the industry to -$5.43 billion, the industry’s second quarterly net redemption since […]
The Correlation Within The Financial Cycle – Not Good For Those Looking For International Diversification
(Harvest) One of the core strategies for portfolio diversification is increasing exposure to international stocks and bonds. This risk reduction strategy is easy to achieve, yet the value of this asset class diversification has diminished over the last few years. […]
UCITS Alternative Index Blue Chip Down -0.21% As L/S Equity Slips
(FINalternatives) The UCITS Alternative Index Blue Chip, which tracks the performance of the largest and most representative absolute return UCITS funds, lost -0.21% in the week through August 30 and is now down is down -0.14% for the month, according […]
BlackRock Finds More Risk Assets at Insurers Than ’08
(Bloomberg) Insurers got burned badly in the 2008 financial crisis. So almost a decade later, BlackRock Inc. scoured the industry’s $5 trillion in U.S. investments to figure out how they would fare if markets crash so hard again. The answer: […]
Japan Post Bank Waits to Plow 100 Billion Yen Into Stocks
(Bloomberg) Japan Post Bank Co. plans to spend an initial 100 billion yen ($916 million) directly buying stocks — when it finds the right opportunities. The nation’s second-largest bank by deposits, which currently invests in equities only through passive investments […]
Brevan Howard Top Executive Steps Down as Star Hedge Fund Looks to Cut Costs
(Citywire) A top exec at Brevan Howard has quit as the iconic hedge fund weighs up closing offices and cutting jobs. Jev Mehmet has resigned as chief operating officer and is currently working out a notice period, City A.M. understands. […]
Private Debt Markets Hide Hedge-Fund-Like Risks
(Bloomberg) It can be very lucrative to access exclusive corners of U.S. debt markets. For example, private corporate bonds and loans, which are typically made by direct lenders to small and mid-sized companies, pay higher yields, on average, than publicly […]
How One Small Wisconsin Town Is Making Some Hedge Funds Very Nervous
(CNBC) After a century-old paper mill in Brokaw, Wisconsin, closed a few years ago, the town of 250 residents effectively went bankrupt. Brokaw will soon be dissolved by its two neighboring towns. But it has found a new way to […]
SEC Charges Investment Adviser With Defrauding Professional Athlete and His Wife
(HedgeCo.Net) The Securities and Exchange Commission today charged investment adviser Jeremy Drake with defrauding two clients, a high profile professional athlete and the athlete’s wife, by deceiving them about the investment advisory fees they were paying. The SEC alleges that […]
Hedge Funds Near-Record Momentum Bets Keep Coming Up Winners
(Bloomberg) Managers of active funds have been either incredibly prescient or unusually lucky. Either way, they find themselves heavily concentrated in the strongest part of the U.S. equity market.With more than half of their bets on high flyers like technology […]
Asia Alternatives LLC Said To Be Prepping $1.5B Fifth Fund For October
(FINalternatives) San Francisco-based private equity fund of funds manager Asia Alternatives Management LLC is reportedly on track to close its fifth pool in October with around $1.5 billion in capital commitments. To read this article: