Monthly Archives: September 2017
Tiger Management’s Robertson Says ‘We Are Creating a Bubble’ in Stocks
(CNBC) Hedge fund legend Julian Robertson Jr. sees stock market valuations as “very high” and worries about a bubble forming. The Tiger Management founder made the comment Tuesday at the Delivering Alpha conference presented by CNBC and Institutional Investor. Central […]
Jamie Dimon Slams Bitcoin as a ‘Fraud’
(Bloomberg) JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.” The cryptocurrency “won’t end well,” he told an investor conference in New York on Tuesday, predicting it will eventually […]
Survey: 45% Of Managers Have Lost Money Or Missed Trades Because Of Bad Event Data
(FINalternatives) Nearly half of institutional investors have lost money or missed a trade because of incorrect or incomplete corporate event information, according to a new survey from alternative data provider Wall Street Horizon, with 40% experiencing five-figure losses on single […]
Kynikos’ Chanos Says he is Shorting Continental Resources
(Reuters) Kynikos Associates LP founder James Chanos on Tuesday said he is betting against Continental Resources Inc and other oil and gas exploration and production companies. Chanos, a closely-watched investor, said the company struggles to generate cash even in favorable […]
Goldman Cuts Smart-Beta Fees to a New Level
(Bloomberg) Goldman Sachs Group Inc. isn’t known for its largesse, but when it comes to exchange-traded funds the Wall Street giant is almost giving handouts to its customers. The firm’s asset management arm is now offering some of the cheapest […]
Gondor Capital Management’s Hedge Funds Outperform in August
(Hedgeweek) Gondor Capital Management, the New York-based hedge fund management firm founded by Vincent Au, has continues its winning streak with its two funds generating positive returns in August. Au says that his domestic Gondor Partners LP generated a 1.07 […]
Boaz Weinstein Warns Investors to Avoid Junk Bonds, Especially for Retailers
(CNBC) Saba Capital’s Boaz Weinstein said the high yield debt market is overvalued and as a result he is betting against the bonds of retailers and hospitals. “Let’s unpack high yield … the reward isn’t there” given the risk, Weinstein […]
Former Amazon Employee and College Friend Charged With Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission today announced insider trading charges against a former Amazon financial analyst who allegedly leaked confidential information to his former fraternity brother in advance of a company earnings announcement so they could turn an illegal […]
Wilshire Liquid Alternative Index Gains +0.38% in August
(Finalternatives) Liquid alternatives rose again in August as financial markets maintained a risk-on stance, according to new data from Wilshire Associates, led by multi-strategy and global macro strategies. To read this article:
Japan Banks Turn to Private Equity, Hedge Funds for Returns
(Bloomberg) Japan’s regional banks are turning toward private equity, hedge funds and real estate in search of higher returns as regulatory concerns restrict ownership of foreign bonds. Alternative assets was the favored choice of investment for five lenders, according to […]
Hedge Funds Watch US Refinery Restarts
(Reuters) Hedge funds are betting crude oil stocks will adjust quickly to the aftermath of Hurricanes Harvey and Irma but gasoline and distillate inventories may take more time to normalize. Hedge funds and other money managers increased their combined net […]
QIM Hedge Fund Soars 56% This Year
(Bloomberg) The tactical hedge fund at Quantitative Investment Management, the $3.4 billion firm run by Jaffray Woodriff, surged an estimated 56 percent this year through August, according to an investor document seen by Bloomberg News. The firm’s systematic long-short equity […]