Monthly Archives: September 2017
Former Amazon Employee and College Friend Charged With Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against a former Amazon financial analyst who allegedly leaked confidential information to his former fraternity brother in advance of a company earnings announcement so they could turn an illegal […]
Lyxor: Rising Yields, Global Equity Market Rally Power Hedge Fund Gains
(FINalternatives) Hedge funds rose broadly last week as risk-on sentiment remained in place, according to new research from Lyxor Asset Management, with all substrategies tracked by the firm ending the period in the green. To read this article:
Pine River Is Closing Its Master Fund After a Plunge in Assets
(Bloomberg) Pine River Capital Management is closing its master fund after a wave of client withdrawals that would bring assets below $300 million, according to people with knowledge of the matter. The fund, which started in 2002, had about $1 […]
Ray Dalio Says He’s Ready to Give Away Bridgewater’s Secrets
(Bloomberg) Of all the hedge fund world’s secrets, few are more closely guarded than the inner workings of Bridgewater Associates Inc. Now, founder Ray Dalio plans to share his management system and corporate culture with the world. “We’re about to […]
Reuters: Sale Of Scaramucci’s Skybridge Expected To Close By Month-End
(FINalternatives) As the dust settles from Anthony Scaramucci’s record-setting tenure as White House Communications Director, the sale of his alternative asset manager Skybridge Capital appears to still be on track. To read this article:
Hedge Funds Bet on Fuels Over Crude as Storm Trade Persists
(Bloomberg) The post-Harvey buzz over fuels is making U.S. crude look like the poor stepchild of hedge funds. Since the storm battered the heart of America’s refining industry last month, bets on rising gasoline and diesel prices have surged for […]
One Critical Way Technology Is Transforming the Economic Landscape
(Harvest) Some characterize the current economic climate as one lacking demand-driven pricing power, but we think that is a misapprehension of dynamics at play today. Rather, we think we’re in the midst of one of the greatest supply-side-driven cost revolutions […]
A 32-Year Old Portfolio Manager from Paul Tudor Jones’ Hedge Fund Is Setting Off On His Own
(The Business Insider) Dirk Jeschke, a former portfolio manager at Paul Tudor Jones’ hedge fund firm, is prepping a hedge fund in London for early next year. Jeschke, 32, is planning a macro fund that will, among other things, emphasize […]
merging Markets Are Outperforming Developed Markets, But Analysts Argue About the Outlook for Growth
(CNBC) Emerging markets (EM) have continued to grow faster than developed markets and produced higher returns this year, but analysts have conflicting views about the sector’s growth outlook. EM gross domestic product growth is around 4.5 percent year on year […]
World Leaders Are Taking Investors Down a Dangerous Economic Path
(Harvest) Let’s start with Europe, the world’s second-largest economy. The European Union is a collection of states that are vastly different from one another. They are separated by culture, language (which impedes labor mobility, resulting in semipermanent labor productivity disparity […]
SunTrust Charged With Improperly Recommending Higher-Fee Mutual Funds
(HedgeCo.Net) The Securities and Exchange Commission today charged the investment services subsidiary of SunTrust Banks with collecting more than $1.1 million in avoidable fees from clients by improperly recommending more expensive share classes of various mutual funds when cheaper shares […]
Global Debt May be Understated by $13trn
(Reuters) Global debt may be under-reported by around $13 trillion because traditional accounting practices exclude foreign exchange derivatives used to hedge international trade and foreign currency bonds, the BIS said on Sunday. Bank for International Settlements researchers said it was […]