Monthly Archives: September 2018
What happened to hedge funds’ alpha since the summer?
(Hedgeweek) While hedge funds’ performance and alpha were ‘honourable’ until the summer, analysis by Lyxor suggests that they erased about 2.5 per cent of alpha since June, with no turn in sight yet in September. To read this article:
Hedge funds, smelling Brexit blood, circle sterling
(Reuters) Hedge funds are betting big against sterling, the most since May last year. And following last week’s Brexit debacle in Salzburg, that bet will probably be even bigger now, closing in on the largest on record. To read this […]
Emerging Markets Fund to Return $1.3 Billion After 17 Years
(Bloomberg) Hedge fund Emerging Sovereign Group is returning money to investors after almost two decades. Its founders plan to make bigger and riskier bets trading their own capital. ESG, which focused on emerging markets and was backed by billionaire Julian […]
Activist hedge fund TCI cuts stake in London Stock Exchange
(Reuters) – Activist hedge fund TCI has cut its stake in London Stock Exchange Group Plc, less than a year after its push to oust the stock exchange’s chairman failed. To read this article:
Ex-GLG Manager Shuts Hedge Fund After Struggling to Raise Money
(Bloomberg) Karim Abdel-Motaal is closing his macro hedge fund after just over a year because he couldn’t raise enough money, underscoring how difficult the market has become for startups. The London-based money manager, who previously led emerging-market hedge funds at […]
Putnam Stares Down Hedge Funds on Big Shopping Mall Bet
(Reuters) Putnam Investments has placed a large, concentrated bet that struggling U.S. shopping malls can transform themselves even as key tenants shut stores or file for bankruptcy. So far, it is winning – to the chagrin of hedge funds like […]
Former Point72 Manager Set to Open Crypto Hedge Fund Next Month
(Bloomberg) Travis Kling quit billionaire Steven Cohen’s Point72 fund in December, at the peak of the cryptocurrency boom, to start his own fund focusing on digital assets. Nine months and an over 70 percent selloff later, he’s sticking to the […]
Brazil Hedge Fund That Trounced Peers is Retrenching Before Vote
(Bloomberg) A Brazil hedge-fund manager who beat 98 percent of peers over the past five years is putting on the brakes ahead of next month’s presidential election. Carlos Woelz, the co-founder of Kapitalo Investimentos, says that while companies are in […]
Markets Picking Up Steam?
(Capital Trading Group) Ok here is just a sample of what has peaked our interest this week.Nat Gas is definitely on our radar and considering everyone in the global warming camp is forgetting that gigantic ball of hydrogen in the […]
Currents of Disruption: Tech Set for Disruption Amid Sector Shakeup
(Harvest) The creation of a new Communication Services sector could provide a further tailwind for tech stocks as generalist mutual funds gain a potential opportunity to allocate more capital to the space. After Sept. 28, technology stocks will be split […]
John Paulson teams up with investors to start Gold Council
(New York Post) The billionaire hedgie — known for his well-timed bets against subprime mortgages ahead of the financial crisis — has teamed up with 15 other investors to form the Shareholders’ Gold Council to prod managers of gold companies […]
Could Merck Become an Activist Target? One Hedge Fund Thinks So
(Institutional Investor) At least one hedge fund firm thinks so….In its second-quarter letter, dated August 17 and obtained by Institutional Investor, Suvretta Capital Management — which is not an activist hedge fund — makes the case for the drug giant […]