Monthly Archives: September 2015
Harvard Concerned About Equity Outlook, Happy With Hedge Fund Portfolio
New York (HedgeCo.net) – The endowments of Harvard and Yale have been seen as cutting edge in their approach to asset allocation and portfolio management in recent years. These two entities were among the first to view hedge funds and […]
The 20 Biggest Hedge Funds in The World
(The Business Insider) Hedge funds are a huge force in the financial world but they’re not always the most transparent. Below is a list of the 20 largest hedge funds by gross assets covered by data compiler Graypools. The figures […]
Hedge Funds Are Most Short The S&P 500 In Four Years
(Benzinga) In a report issued earlier this week, Bank of America Merrill Lynch analysts Jue Xiong and Stephen Suttmeier looked into the hedge fund world. They assure that large speculators are most short the S&P 500 since November of 2011. […]
China’s biggest quant fund launch raised $3bn in one day
(Hedgefund Intelligence) Beijing-based Harvest Fund Management, a joint venture between Deutsche Bank and state-owned Harvest Group of Companies, raised a staggering CNY16.6 billion (about $3 billion) in just one day in June for its quant-focused Harvest Event-Driven Fund.This makes it […]
What Donald Trump Doesn’t Know about Hedge Funds
(National Review Online) Donald Trump has promised that he will ease burdens on the middle class by going after “the hedge-fund guys,” who, he believes, do not pay enough in taxes. “They’re making a tremendous amount of money — they […]
Blackstone Group Ends Talks to Acquire ATM Maker NCR
(New York Post) The Blackstone Group has withdrawn from the auction of ATM maker NCR, marking the second time this year the company has failed to come to terms with a potential buyer, The Post has learned. “Nothing is going […]
Brevan Howard Partner Hillery Said to Exit Role at Hedge Fund
(Bloomberg) Brevan Howard Asset Management’s Mark Hillery has stepped down as a partner at the hedge-fund firm. Hillery, 50, left the partnership this month, documents filed with the U.K.’s Companies House registry show. Though he’s leaving to manage his own […]
We may be approaching the end, not the beginning, of a dark period for stocks’
(Business Insider) Eclectica Asset Management, the UK-based hedge fund founded by Hugh Hendry, faltered in August. Eclectica’s flagship fund fell 7.1% over the month, dragged down by its exposure to European equities. That drop left the fund up 2.7% for […]
Employees and Investors Alike Fleeing Fortress
New York (HedgeCo.net) – In yesterday’s HedgeCo newsletter we featured a story about Fortress Investment Group liquidating a business unit. In Tuesday’s news, there were articles discussing key personnel departures as well as an article discussing the amount of assets […]
Hedge fund exit requests rise in Sept
(Reuters) Investor requests to take cash out of hedge funds rose in September after a torrid August when the funds lost nearly 2 percent on average, data released on Monday. The SS&C GlobeOp Forward Redemption Indicator, a snapshot of withdrawal […]
How Goldman Stepped in to Clinch the $6.5B Solera Deal
(New York Post) Goldman Sachs is getting creative when it comes to making debt-laden deals more regulator friendly. The Wall Street powerhouse, led by Lloyd Blankfein, is helping Vista Partners finance the $6.5 billion takeover of Solera Holdings, a software […]
EX-Hedge Fund Manager Turned Pharmaceutical CEO Charges $750 Today for Life-Saving Drug That Cost $13.50 Yesterday
(Dealbreaker.com) Once upon a time, Martin Shkreli was an investment professional who made a nice chunk of change by doing things like lobbying the Food and Drug Administration “not to approve certain drugs made by companies whose stock he was […]