Monthly Archives: September 2018
Hedge Funds Up 0.04 Per Cent In August, Says eVestment
(Hedgeweek) Overall industry hedge fund performance came in at +0.04 per cent in August, bringing year to date (YTD) 2018 industry performance to +1.10 per cent, according to data released by eVestment. Among primary strategies, event driven-activist funds were among […]
Quant Strategy in Emerging-Market FX Posts Best Run in Six Years
(Bloomberg) A quantitative-investing strategy is ringing up heroic returns picking the wreckage in emerging-market assets. A Nomura index that mimics a trend-following strategy by chasing momentum in 10 EM currencies against the dollar has outperformed the JPMorgan Emerging Market Index […]
Eton Park’s Europe Credit Team Starts Event Hedge Fund
(Bloomberg) Hedge fund seeder Stable Asset Management is backing a team of credit traders from Eric Mindich’s now-defunct Eton Park Capital Management. The London-based group, led by Anirudh Singh, began trading at Aptior Capital at the beginning of September with […]
Hedge Fund Priest Sued by SEC for Alleged Stock Manipulation
(Bloomberg) A Massachusetts priest who moonlights as a hedge fund manager was sued by federal regulators for allegedly making false statements about a biotech company to try to drive down its share price. In an attempt to profit from his […]
Broker-Dealer to Pay $2.75 Million Penalty for Providing Deficient Blue Sheet Data
(HedgeCo.Net) The Securities and Exchange Commission today announced that Convergex Execution Solutions LLC, now known as Cowen Execution Services LLC, will pay $2.75 million to settle charges that the broker-dealer firm provided the SEC with incomplete and deficient securities trading […]
Emerging Markets Meet Tighter Money
(Bloomberg) Emerging markets are suffering their worst slump since 2015. The MSCI Emerging Markets Index entered a bear market in early September after dropping 20 percent from its early 2018 peak. A benchmark index of emerging currencies has dropped more […]
Hedge Fund Priest Sued by SEC for Alleged Stock Manipulation
(Bloomberg) A Massachusetts priest who moonlights as a hedge fund manager was sued by federal regulators for allegedly making false statements about a biotech company to try to drive down its share price. In an attempt to profit from his […]
Hedge Fund HG Vora Builds Caesars Stake, to Push for Divestiture or Sale
(Reuters) Hedge fund HG Vora Capital Management LLC has built a 4.9 percent stake in U.S. casino operator Caesars Entertainment Corp (CZR.O), seeking to persuade it to explore options that could include divestitures or an outright sale of the company, […]
iM Global Buys Stake in U.S. Liquid Alternatives Firm
(Reuters) Investment firm iM Global Partner bought a stake in Dynamic Beta investments, a U.S. firm that tries to duplicate large hedge funds’ strategies but for far lower fees. Paris-based iM Global Partner, which provides distribution and regulatory support to […]
Hedge Funds up 0.04 Per Cent in August, Says eVestment
(Hedgeweek) Overall industry hedge fund performance came in at +0.04 per cent in August, bringing year to date (YTD) 2018 industry performance to +1.10 per cent, according to data released by eVestment. Among primary strategies, event driven-activist funds were among […]
CAIA Association adds Cowell to board
(Opalesque) The Chartered Alternative Investment Analyst (CAIA) Association, the global leader in alternative investment education, today announced the newest member of its Board of Directors: Anthony Cowell, Head of Asset Management for KPMG in the Cayman Islands.”We could not be […]
Barclay CTA Index Gains 0.71% in August
(Opalesque) The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, indicates a 0.71% gain in August. Year to date, the Index has lost 1.43%. “Downtrends in agricultural markets, precious metals, and emerging market currencies provided a helpful tailwind […]