Monthly Archives: September 2017
Investors Defend Hedge Funds Amid Rush to Passive and Private Strategies
(Reuters) Some big money investors are warning that the rush to cheap stock bets and private asset strategies at the expense of hedge funds may prove costly. “As those trends run their course, it will open up better opportunities for […]
Hedge Fund Wannabes Busted for Trading on Illegal Amazon Tips
(Bloomberg) Two men who had dreams of starting a hedge fund have been accused of taking an unfortunate shortcut to show they were top-notch traders: buying illegal tips from their friend at Amazon.com Inc. Maziar Rezakhani and Sam Sadeghi of […]
Hedge Fund of the Year’ Reportedly Got Duped by Radio Star’s Alleged Ponzi Scheme
(CNBC) The unidentified hedge fund that sports talk-radio star Craig Carton allegedly scammed out of $4.6 million was named “management firm of the year” in March, according to Sports Illustrated. The firm is Brigade Capital Management, Sports Illustrated said in […]
Man Group Receives Approval for Private Fund Management License in China
(FINalternatives) A unit of global hedge fund manager Man Group has received approval from Chinese regulators to operate as a private securities investment fund manager in Mainland China. The company’s Man Investment Management (Shanghai) Co, Ltd. subsidiary, a wholly foreign […]
Top Firm Boss Says ‘Big Number’ of Staff Will Lose Jobs to Automation
(HITC) The chief executive of Deutsche Bank has issued a stark warning about the impact of technology, saying a “big number” of his staff will lose their jobs as robots take over. John Cryan told an audience in Frankfurt: “In […]
AlphaCentric Launches AlphaCentric Global Innovations Fund
(Opalesque) AlphaCentric today announced the launch of its newest fund, the AlphaCentric Global Innovations Fund (GNXIX). The Fund is the only actively managed mutual fund dedicated to automation and robotics. The AlphaCentric Global Innovations Fund invests in companies worldwide focused […]
Bill Ackman: I Won’t Insist on Replacing ADP Directors
(New York Post) Bill Ackman told ADP his activist hedge fund is willing to accept three seats on an expanded board rather than replace three directors.The activist hedgie behind Pershing Square Capital, who had been looking to unseat three of […]
Hedge Fund Crowding Primarily Consists of Systematic Factor Bets
(Harvest) The analysis of hedge fund crowding in this article follows the approach of our earlier studies: We started with a decade of hedge fund Form 13F filings. Form 13F discloses positions of firms with long U.S. assets over $100 […]
Diameter Capital Said To Raise $1B For New Credit Fund
(FINalternatives) Credit specialist Diameter Capital has reportedly raised approximately $1 billion for a new corporate debt fund and is already trading across junk bonds, loans and credit-default swaps. To read this article:
A Big Critic of ETFs Is Planning to Launch One of His Own
(Bloomberg) Like many active managers, Mark Yusko of Morgan Creek Capital Management LLC has some serious gripes about the rise of exchange-traded funds and the ascendancy of passive investing. And like many of those managers, he’s also starting his own […]
Hedge Funds May Lose This Tax Loophole, But They Don’t Care
(CNBC) Treasury Secretary Steven Mnuchin has made one thing clear when it comes to the way hedge fund managers get paid: a big tax loophole will disappear. He reiterated as much last month but hinted that it’s less certain what […]
AllianzGI Survey: Geopolitics Now Top Concern Among Global Investors
(FINalternatives) Geopolitical concerns are weighing heavily on investors’ minds, according to a new survey from alternative investment manager Allianz Global Investors, and forcing them to reassess risk management and return expectations. In the survey of global institutional investors, geopolitics now […]