Monthly Archives: November 2017
Tax Loopholes for Wall Street’s Wealthiest Loom in House Bill
(Bloomberg) Lawmakers who sped a bill through the U.S. House last week may have handed a few more goodies to Wall Street’s wealthiest than they realize. Investors in billion-dollar hedge funds might be able to take advantage of a new, […]
AT&T, US Prepare to Battle in Court Over Time Warner Merger
(Bloomberg) A defiant Randall Stephenson told antitrust enforcers that AT&T Inc. would see them in court after the Justice Department sued to block the company’s $85.4 billion bid to buy Time Warner Inc. The lawsuit “stretches the very idea of […]
Alan Howard Weighs Offering Fund Services to Rivals
(Bloomberg) Billionaire hedge fund manager Alan Howard may go for boring. The embattled macro trader who’s grappling with losses and investors fleeing his Brevan Howard Asset Management is considering offering administrative services to other funds in a bid to revive […]
Hedge Funds Flock to Financials in Q3
(Hedgeweek)S&P Global Market Intelligence’s latest Hedge Fund Tracker analysis shows hedge funds bought USD2.2 billion in financials sector stocks, USD1.8 billion in energy sector stocks, and USD1.7 billion in healthcare sector stocks in Q3. In all, seven of the 11 […]
Bitcoin Falls on $31m Hack of Cryptocurrency Peer Tether
(Bloomberg) Bitcoin slipped from a record after the $31 million theft of a cryptocurrency peer renewed concern about the security of digital coins. The company behind tether, a cryptocurrency used by bitcoin exchanges to facilitate trades with fiat currencies, announced […]
Hedge Funds Loaded Up On These 10 Stocks Last Quarter
(The Business Insider) Tech stocks have been on fire this year, and institutional investors have taken note…Despite the astronomic gains of stocks like Alphabet and Facebook, the aggregated Equity Hedge Fund Index has underperformed the the S&P 500 by 8.6 […]
The Obstacles ESG Needs To Overcome
(Alpha-Week) A recent survey from Royal Bank of Canada (RBC) Global Asset Management found that the use of environmental, social and governance (ESG) principles when investing is on the rise, but misconceptions remained. The survey found, among other things, that […]
A Hedge Fund Manager Who Invested In Whole Foods Just Put His $70m Hamptons Beach House On The Market
(The Business Insider) Three years after buying the most expensive home in US history, hedge-fund manager Barry Rosenstein is putting another of his homes on the market for $70 million. Located in the Hamptons, the home was purchased by Rosenstein […]
Threat To City As 20 Big Banks Including HSBC Support New Clearing Bid
(HITC) The threat to London’s dominant clearing industry intensified after 20 major banks threw their weight behind a new rival service on the continent. The UK’s biggest bank, HSBC, and Spain’s BBVA joined the likes of US giants JP Morgan […]
Quant Strategies in the Cryptocurrency Space
(Harvest) We focus on seven cryptocurrencies namely Bitcoin, Ethereum, Ripple, Litecoin, Dash, NEM and Monero that were selected on having at least one year of trading history, which is essential for backtesting. The analysis covers the following strategies: Size, Momentum, […]
SEC Enforcement Efforts Return $1.07 Billion to Investors in 2017
(HedgeCo.Net) In its ongoing efforts to protect Main Street investors, the Securities and Exchange Commission’s Enforcement Division today issued a report highlighting its priorities for the coming year as well as a review of enforcement actions that took place during […]
Hedge Fund Bet On Glencore Backfires With $100m Loss
(Reuters) London hedge fund giant Lansdowne Partners lost $100 million from a long-term bet against Glencore this year after the spectacular recovery of the miner took some by surprise. For Lansdowne, that bet had generated returns in 2014 and 2015, […]