Monthly Archives: September 2017
Global Insurance Capital Rule Snared in Transatlantic Divide
(Reuters) The first global standard for investors to compare how much capital insurers from different countries hold to keep policies safe is caught in a transatlantic tussle, casting doubt on whether it is practical, industry and regulatory officials say. Global […]
A Portfolio Manager Has Returned to $42bn Hedge Fund Firm D.E. Shaw
(The Business Insider) A portfolio manager has rejoined $US42 billion D. E. Shaw, in a role he had previously held. Patrick Saunders rejoined D. E. Shaw as a healthcare portfolio manager on the firm’s long-short stock strategy.. To read this […]
Australian Banks May Exit Wealth Management Without Being Forced
(Bloomberg) Australian banks are likely to get out of their wealth-management businesses without the need for government to force divestment, according to the head of a parliamentary banking inquiry. To read this article:
Calpers Risks Going the Wrong Way
(Bloomberg) If the reach for lower fees compromises returns, is it worth it? That’s a question Calpers should consider. As Bloomberg News reported late Thursday, the California Public Employees’ Retirement System is in discussions with BlackRock Inc. about managing some […]
A Hedge Fund Started by Steve Cohen’s Former COO is Going Through a Shakeup
(The Business Insider) A portfolio manager has left Folger Hill, a fund that has struggled since it launched two years ago. Folger Hill was started by billionaire investor Steve Cohen’s former chief operating officer, Sol Kumin, and Todd Rapp, previously […]
Distressed Debt Investing: Using Debt Instruments for Value Investing
(Harvest) There is more than one way to be a value investor. The classic value investor is someone like Benjamin Graham, often heralded as the father of the craft, who seeks to invest in companies whose shares are trading at […]
Autonomous Vehicles Have Arrived
(Harvest) Science fiction is real. In October of last year, a self-driving semi in Colorado carried over 2,000 cases of beer from Fort Collins to a distribution center in Colorado Springs — a journey of over 130 miles. While there […]
The Emerging-Market Rally Is Far from Over
(Harvest) Afraid you’ve missed the rally in emerging-market (EM) assets? Don’t be. Responsible policies and pragmatic politics have taken hold in many developing countries. That bodes well for growth and suggests the rally has room to run. EM bonds—both US-dollar […]
NYHFR Survey: Insider Trading Still A Risk
(FINalternatives) Eight years have passed since the FBI’s landmark insider trading investigation into Galleon Group, but the subject remains a concern in the minds of alternative investment industry participants, according to a new survey by the New York Hedge Fund […]
Hedge Funds Flip-Flop as Harvey Shakes Up the Crude Market
(Bloomberg) Harvey’s got hedge funds caught in a whirlwind. Just after the storm triggered the biggest rush to a more bearish stance on West Texas Intermediate crude since 2007, they flipped the switch and raised bets on a rebound as […]
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 […]
Diameter Raises $1bn for New Credit Hedge Fund
(Bloomberg) Diameter Capital has raised about $1 billion to make wagers on company debt, making it one of the largest hedge-fund startups this year, according to people with knowledge of the matter. The firm founded by Scott Goodwin and Jonathan […]