Monthly Archives: November 2017
October Barclay Hedge Fund Index up 0.96% (+8.31% YTD)
(Opalesque) Hedge Funds extended their winning streak to 12 months with a 0.96% gain in October, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The index is up 8.31% for the year and has gained 10.40% since the […]
Jailed Hedge-Fund Founder Admits He Didn’t Reveal All to Prosecutors
(Bloomberg) A jailed hedge-fund founder and the government’s star witness in the fraud trial of two embattled technology entrepreneurs said he kept his cooperation deal with U.S. prosecutors even after lying to them for years about the extent of his […]
It’s the New Smart Beta Craze, But BlackRock’s Not Convinced
(Bloomberg) A new smart beta trend is kicking off, but for once you won’t find BlackRock Inc. leading the pack. The world’s biggest money manager, whose iShares exchange-traded funds are the gateway drug for many into the world of smart […]
The Bitcoin Bubble Explained in 4 Charts
(Harvest) Cryptocurrencies have surely been the best-performing asset class of 2017.The crown jewel of the crypto world Bitcoin has run up over 604% year to date. But that pales in comparison to Ethereum’s 3,562% gain this year.Naturally, these sorts of […]
Hedge Fund Manager Who Lost Bet With Buffett Sours on Long/Short Equity
(Bloomberg) Ted Seides, who conceded a bet to Warren Buffett that passive investing can beat active money managers, has soured on hedge funds that use long/short strategies. Seides, managing partner at Hidden Brook Investments, said the funds are struggling to […]
Hedge Funds Add Bullish Oil Bets as Mideast Tension Heats Up
(Bloomberg) The Middle East is kicking things up a notch in the oil market. Hedge-fund bets on rising Brent crude hit a fresh record as tension in the oil-rich region escalated, sending prices to their highest in more than two […]
SEC Charges Biotech Company, Executives With Accounting Fraud
(HedgeCo.Net) The Securities and Exchange Commission today charged a Maryland-based biotech company and four former top executives with prioritizing revenue growth over lawful accounting and misleading investors in the process. The SEC alleges that Osiris Therapeutics routinely overstated company performance […]
Carried Interest Likely To Be Addressed In Senate Tax Plan
(FINalternatives) The much-maligned tax treatment of carried interest for investment fund managers, currently absent from the Senate’s current tax reform proposal, is likely to be addressed in any final plan, Pennsylvania Republican senator Pat Toomey said on Friday. To read […]
Machines Will Do Shady Things in the Markets Too
(Bloomberg) A useful way to think about modern electronic market structure is that in the olden days humans traded stocks and options, making markets based on gut instinct, and then those humans were replaced by computers that used algorithms that […]
Hedge Funds Add Bullish Oil Bets as Mideast Tension Heats Up
(Bloomberg) The Middle East is kicking things up a notch in the oil market. Hedge-fund bets on rising Brent crude hit a fresh record as tension in the oil-rich region escalated, sending prices to their highest in more than two […]
Hedge Fund Manager Who Lost Bet With Buffett Sours on Long/Short Equity
(Bloomberg) Ted Seides, who conceded a bet to Warren Buffett that passive investing can beat active money managers, has soured on hedge funds that use long/short strategies. Seides, managing partner at Hidden Brook Investments, said the funds are struggling to […]
Dan Loeb’s Third Point Hedge Fund Bets Even Bigger on Global Growth
(CNBC) Dan Loeb’s Third Point hedge fund revealed several new investments in a filing Thursday, including mall operator Macerich and two Argentina-based financial services companies. Loeb’s fund has roughly doubled the S&P 500 over the last two decades… To read […]