Monthly Archives: September 2017
How to Survive Wall Street’s Robot Revolution
(Bloomberg) Wall Street’s robot revolution has begun. JPMorgan Chase & Co. is rolling out a program called LOXM that executes equities trades so well, it’s replacing the humans who used to do that. Goldman Sachs is in the midst of […]
HFRU Composite Index Gains +0.44% Through Mid-September
(FINalternatives) The HFRU Hedge Fund Composite Index, which measures UCITS compliant hedge funds, has gained +0.44% so far in mid-September, according to a flash update from Hedge Fund Research. To read this article:
Ray Dalio’s Advice for Donald Trump
(Yahoo News) “As a leader of the country, what are the principles that bind us together?” Ray Dalio asks in a discussion about President Trump’s management skills. Dalio, founder and chief investment office of Bridgewater, the biggest hedge fund in […]
China’s Slice of This $48bn Fund Keeps Getting Bigger
(Bloomberg) John Pearce has returned to Sydney from a week in Hong Kong beaming, with one clear message of where to invest his next dollar: China. The chief investment officer who’s in charge of A$60 billion ($48 billion) at Australian […]
Nestle Chief’s Strategic Vision Shrouded by Death at L’Oreal
(Bloomberg) As new Nestle SA Chief Executive Officer Mark Schneider prepares to lay out his strategic vision for the Swiss food giant, his plans will be overshadowed by a changing of the guard at another European consumer-goods giant — L’Oreal […]
Hedge Fund Activism: the Facts Don’t Bear Out the Dire Warnings
(All About Alpha) Lucian Bebchuk, a professor at Harvard Law, has been at the heart of scholarly arguments over corporate governance for a long time, perhaps since 1990, the year he edited a textbook on Corporate Law and Economic Analysis. […]
Steve Cohen Just Took a Big Step Forward in His Comeback With a Massive New Hedge Fund
(The Business Insider) Steve Cohen, the billionaire hedge-fund manager briefly banned from the industry after an insider-trading investigation, this week sent investors documents pitching his new fund, Stamford Harbor Capital… To read this article:
Strategist: Bitcoin, Digital Currency Trading Volume Will ‘Soon Surpass’ Apple’s
(CNBC) “Cryptocurrency trading volume is now more than of $3bn/day on average, and will likely soon surpass that of the world’s most liquid stock: Apple ($4bn/day),”Jens Nordvig, founder and CEO of Exante Data, said in a note Friday. Nordvig said […]
The Business of Hedge Funds – Dynamic Choice Beyond 2/20
(Harvest) The lifeblood of hedge funds as businesses is their performance pricing proposition through incentive fees, but the simple business model of 2% management fee and 20% incentive fees is fast becoming extinct. Pricing is coming down as well as […]
CEO Charged With Using Secret Accounts for Insider Trading in Company Stock
(HedgeCo.Net) The Securities and Exchange Commission today charged the former CEO of a Silicon Valley-based fiber optics company with insider trading in company stock by using secret brokerage accounts held in the names of his wife and brother. The SEC […]
Preqin: Investor Satisfaction with Hedge Funds Rising Amid Allocation Uncertainty
(FINalternatives) Nearly half of hedge fund investors report being satisfied with the returns they have received, according to new data from Preqin, although nearly the same proportion still expect to reduce their allocations to the asset class over the next […]
HFR Interim Update: Hedge Funds Gain Through Mid-September
(FINalternatives)Rising global financial markets have helped most hedge funds notch strong gains as of September’s midway point, according to new data from Hedge Fund Research, although trend-following CTAs have lost ground. To read this article: