Monthly Archives: November 2017
Tiger Global Management Sells Alphabet, Taking the G Out of its ‘FANG’ Holdings
(CNBC) Chase Coleman’s Tiger Global Management hedge fund is buying all the “FANG” stocks, except Google. In the third quarter, Tiger dissolved its $66 million stake in Google parent Alphabet, a required quarterly filing with the U.S. Securities and Exchange […]
Goldman’s New Online Business Just Hit a $2bn Milestone
(The Business Insider) Goldman Sachs’ Marcus business just hit a $2 billion milestone. The US bank launched online lending business Marcus last October, and passed the $1 billion mark this summer. In a September presentation, the bank said it expected […]
Irrational Exuberance’ Hits Record High Among Fund Managers Despite Lofty Valuations
(CNBC )Though investors think that stocks are too expensive, they are still pushing money into those equities…Appetite for risk has increased among money managers to a new high, according to the latest fund manager survey by Bank of America Merrill […]
Here’s What the Biggest Hedge Funds Have Been Buying and Selling
(Yahoo) Hedge funds of a certain minimum size are required to disclose their long stock holdings in filings to the SEC known as 13-Fs. Of course, the filings only provide a partial picture since they do not show short positions […]
Buffett Adds to Apple Stake, Bails Further on IBM
(CNBC) Warren Buffett’s Berkshire Hathaway bought more Apple shares before their latest jump to all-time highs. Berkshire also cut its stake in IBM by 32 percent, or 17.06 million shares, in the third quarter. To read this article:
CTAs and Macros Shine in October as Hedge Funds Continue Winning Streak
(Opalesque) Hedge funds gained 1.32%1 during month of October. Meanwhile underlying markets, as represented by the MSCI AC Word Index (Local), gained 2.56% over the same period. Roughly 77% of the underlying constituent hedge funds for the Eurekahedge Hedge Fund […]
Adams Street Partners Names James Walker COO
(Opalesque) Adams Street Partners, a private markets investment management firm with over $30 billion of assets under management, announced today that James Walker is joining the firm as a Partner and Chief Operating Officer. Mr. Walker will report to Jeff […]
The 20 Percent Club: Hedge Fund Stars Of An Industry Rebound
(CNBC) An elite club of managers rode bull markets and increased dispersion between securities to score profits of at least 20 percent through the end of October, a dramatic improvement from last year for investors such as Larry Robbins, Philippe […]
Millennium Settles Charges of Illegal Short Selling in Advance of Stock Offerings
(HedgeCo.Net) Investment advisory firm Millennium Management LLC has agreed to pay more than $630,000 to settle charges that it shorted U.S. stocks in companies planning follow-on offerings and then illegally bought shares in the follow-on offerings. An SEC investigation found […]
Credit Suisse Fined For Being Too Good At Front-Running
(Dealbreaker) Back in the old days, an ethically challenged trading desk might find it profitable to step in just prior to large client orders, coordinate a plan of attack over phone, and then swarm in….But in the 21st century, that […]
Hedge Fund Fees Are Only Half The Problem
(All About Alpha) Historically, successful managers have claimed credit for the favorable risk/return profiles of their funds, touting skilled security selection and portfolio management as a competitive edge. But the advent of investible benchmarks for a number of hedge fund […]
Hedge Funds Up 1.22 Per Cent In October
(Hedgeweek) Hedge funds returned an average of 1.22 per cent in October and are up 7.18 per cent YTD in 2017, according to eVestments….Eighty per cent of the industry is positive in 2017, with average gains from those funds in […]