Monthly Archives: November 2017
BNY Mellon IM To Merge Three Boutiques Into Single $560B Manager
(FINalaternatives) BNY Mellon Investment Management will launch a specialist multi-asset management company next year that will combine the three largest boutiques under its umbrella into a single entity. To read this article:
SBL Networks Debuts New P2P Securities Lending Platform For Hedge Funds
(FINalternatives) London-based fintech startup SBL Network is prepping a new peer-to-peer securities lending network that will allow major institutional owners of equity securities, such as pension funds, insurance firms and sovereign wealth investors, to negotiate and lend those securities directly […]
The Hedge Fund Love Affair With Tech Is Souring
(Bloomberg)Live by technology shares, die by technology shares. Unless you can guard against declines. Hedge funds are increasing short bets on tech stocks, especially in the U.S., where combined positioning shows managers the least reliant on American technology firms in […]
Hedge Funds Bet on Reinsurance Recovery
(Reuters) Hedge funds bought reinsurance stocks in the third quarter after prices tumbled on widespread losses after multiple hurricanes in North America, filings showed on Wednesday. Hurricanes in the United States and the Caribbean in August and September are expected […]
Kohl’s Is the Department Store of Choice for Hedge-Fund Managers
(Bloomberg) Eddie Lampert is famous for being an influential hedge-fund manager and the chief executive officer of Sears Holdings Corp., a company where he’s also the top investor. But his fellow hedge-fund honchos are backing a different department store: Kohl’s […]
Trian’s Peltz Claims Win in Proxy Fight, P&G Says Not Yet
(Reuters) Activist hedge fund manager Nelson Peltz claimed victory in his fight to win a seat on Procter & Gamble Co’s (PG.N) board after a preliminary tally of votes was released on Wednesday, but P&G refused to concede and said […]
Day Trader Charged in Brokerage Account Takeover Scheme
(HedgeCo.Net)The Securities and Exchange Commission today charged a day trader based in the Philadelphia area with participating in a scheme to access the brokerage accounts of more than 100 unwitting victims and make unauthorized trades to artificially affect the stock […]
SS&C GlobeOp: Hedge Fund Performance Index Up +0.86% In October
(FINalternatives) Hedge funds notched their fifth consecutive month of positive returns in October and their tenth of the year to date, according to SS&C GlobeOp, while net asset flows advanced. To read this article:
Tomorrow’s Successful Fund Manager Will Combine PE and Hedge Fund Expertise
(Hedgeweek) As popular as the alternative investments industry remains, attracting and retaining investors at a time when asset classes are converging means that managers need to constantly think about how best to differentiate themselves. In short, how should GPs best […]
Hedge Funds Fingered as Sellers as Japanese Stock Rout Deepens
(Bloomberg) In one telling, the selloff in Japanese equities is a natural reaction to shares rising too far, too fast. But another theory is emerging, one that involves hedge funds. For Noriyuki Sato of Asset Management One SP Pte, one […]
Hedge Funds Lift Livestock Longs To Record High – But Coffee ‘Vulnerable to Short-Covering’
(Agrimoney) Hedge funds curtailed their negative position on agricultural commodity prices, as bets on rising livestock values more than outweighed selling in grains – and coffee, now deemed “significantly vulnerable to short covering” Managed money, a proxy for speculators, reduced […]
Short-Seller Chanos Adds to Tesla Bet, Predicts CEO Will Leave
(Reuters) Noted short-seller Jim Chanos of Kynikos Associates continued to add to his short position in electric car maker Tesla Inc (TSLA.O) throughout the year even as the company’s shares rallied, he said at the Reuters Global Investment 2018 Outlook […]