Monthly Archives: October 2018
Hedge Fund Legend’s Best Ideas Frankly Not Very Good
(Dealbreaker) Ten years ago, as the hedge fund industry was roiled by the financial crisis, the brain behind Balyasny Asset Management had an idea… To read this article:
CTAs lead the pack in early Q4
(Hedgeweek) Hedge funds were up last week, on the back of the positive performance of CTAs and L/S Equity Market Neutral strategies, while CTAs staged an impressive rally with most buckets contributing to performance, according to the latest Weekly Brief […]
Numerai’s Craib Targets Hedge Funds With Crypto Marketplace
(Bloomberg) Richard Craib built his quant-driven hedge fund Numerai on the idea that if one data scientist is good, 40,000 are better. Now he’s inviting competing funds to draw from the same pool of brains for hire. San Francisco-based Numerai […]
Dmitry Balyasny Shutters His Own Best Ideas Hedge Fund
(Bloomberg) Dmitry Balyasny, who created a hedge fund during the financial crisis to trade on his best ideas, has closed it after poor performance this year. Balyasny Asset Management shut down the Atlas Fundamental Trading Fund after deciding it’s more […]
MEG Energy Holder Highfields Sees Bidding War After Husky Offer
(Bloomberg) Highfields Capital Management is in no rush to sell its MEG Energy Corp. stake, instead betting that a bidding war for the Calgary-based oil sands company could erupt amid a C$6.3 billion ($4.9 billion) hostile takeover attempt by Husky […]
Dan Loeb Demands Access to Records From Campbell Soup
(New York Post) Activist investor Daniel Loeb’s hedge fund Third Point LLC has demanded access to a trove of records from Campbell Soup Co., ranging from board meeting minutes to financial documents, as it ratchets up a campaign to replace […]
The Bond Market Will Be The Bear That Crushes The Equity Market
(Capital Trading Group) We have said this all along, the FED needs to get short rates above the 10yr rate to stop corps from arbing all the excess liquidity via debt for equity swaps aka share repurchases.The distortion of low […]
Asset Management Industry Launches Diversity Project
(Opalesque) “The Diversity Project,” an initiative focused on increasing diversity within the asset management industry, was launched today in North America by 14 leading financial services firms. NICSA, a non-profit trade association for the global asset management industry, is the […]
Commodities Veteran Leiman Readies Hedge Fund as Sector Recovers
(Bloomberg) Market veteran Ricardo Leiman, who five years ago co-founded the company that became Engelhart CTP, is preparing to launch a new commodities hedge fund that he hopes to build to $1.5 billion. The fund will invest in raw materials […]
Hedge Fund Elliott Paid British Staff £1mn Each Last Year on Average as Revenues Jumped by a Third
(This is Money) Feared hedge fund Elliott paid its British staff an average of £1million each last year, as revenues jumped by a third. The branch had 88 staff and paid a total wage bill of £88.6million. To read this […]
Court Enters Judgment Against Defendant in SEC Insider Trading Case
(HedgeCo.Net) The Federal district court in Connecticut has entered a final judgment against Katherine Hanratty, a resident of Watertown, Connecticut, to settle allegations that she was engaged in insider trading in the stock of a New Jersey-based payment processing company. […]
The Most Popular Hedge Fund Stocks Are Getting Hit the Hardest
(Bloomberg) The smart money has been one of the biggest victims in the declines sweeping through equity markets. While the S&P 500 Index fell 1 percent last week, stocks with the highest hedge fund or exchanged-traded fund ownership posted losses […]
