Monthly Archives: September 2018
CTAs lead the hedge fund pack in August
(Hedgeweek) In the hedge fund space during August, CTAs outperformed and delivered positive returns in the range of 2-3 per cent depending on the benchmark, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team To read this […]
SEC Charges Cannabis Investment Fund and Founder in Fraudulent Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged a Texas-based investment fund and its founder with defrauding investors with false promises of massive returns in cannabis-related businesses. The SEC also issued an alert to warn retail investors about marijuana-related securities […]
Institutional Investors Have High Hopes for Hedge Funds in 2019
(aiCIO) Optimism remains bright for the hedge fund industry as two thirds of institutional investors were happy with their hedge fund returns over the past year, data firm Preqin reports. Out of 530 investors surveyed in June, 66% were pleased […]
JP Morgan’s Top Quant Warns Next Crisis to Have Flash Crashes and Social Unrest Not Seen in 50 Years
(CNBC) Sudden, severe stock sell-offs sparked by lightning-fast machines. Unprecedented actions by central banks to shore up asset prices. Social unrest not seen in the U.S. in half a century. That’s how J.P. Morgan Chase’s head quant, Marko Kolanovic, envisions […]
Current Investor Sentiment Swinging in Favor of Hedge Funds, Credit Suisse Survey Notes
(Hedge Fund Law Report) Credit Suisse Prime Services – Capital Services (CS) recently released its 2018 Mid?Year Survey of Hedge Fund Investor Sentiment (Mid?Year Survey), an extension of its annual hedge fund industry sentiment survey. The Mid?Year Survey explores current […]
Funds cling to bullish wheat stance, but wary of corn, soy:
(Reuters) – Speculators are not yet ready to ditch the wildly bullish wheat story, though they remain cautiously bearish toward Chicago-traded corn and soybeans. To read this article:
SEC Continues to Target Pay to Play Violations
(Hedge Fund Law Report) The SEC continues its aggressive pursuit of pay to play violations. It recently issued settlement orders against three investment advisers for violations of Rule 206(4)?5 under the Investment Advisers Act of 1940 – the so-called “pay […]
The Ins and Outs of GIPS Compliance: What Hedge Fund Managers Need to Know About the Voluntary Standards and Pending Revisions
(Hedge Fund Law Report)Although not legally required, more than 80 percent of the top 100 asset managers claimed compliance with the Global Investment Performance Standards (GIPS) for their assets under management as of June 30, 2017, and there is a […]
Loeb Wants Breen to Lead DuPont After 3-Way Split at DowDuPont
(Bloomberg) Ed Breen, the chief executive officer of chemical giant DowDuPont Inc., is the best choice to run DuPont when it becomes an independent company next year, activist investor Dan Loeb said. “I hope Ed Breen is involved in a […]
Goldman’s Petershill Takes Minority Stake in Hedge Fund LMR
(Reuters)A private equity fund run by Goldman Sachs Asset Management (GSAM) has bought a minority stake in multi-strategy hedge fund firm LMR Partners, one source familiar with the matter said on Monday. The GSAM fund bought a stake of between […]
Hedge Fund Takes Big Stake in Wynn Resorts
(Barron’s) Melvin Capital Management has taken a 5.13% stake in Wynn Resorts (WYNN), the hedge fund disclosed in a Friday filing with the Securities and Exchange Commission. Melvin Capital, helmed by SAC Capital alum Gabriel Plotkin, now owns 1.9 million […]
Hedge Funds That Shorted Carillion Now Circle Rival Kier
(Bloomberg) Some of the same hedge funds that took aim at Carillion Plc, the U.K. construction company that collapsed earlier this year, are now targeting one of its peers. Bearish wagers against Kier Group Plc surged to a four-year high, […]