Monthly Archives: November 2017
Manifold Partners Launches On Kettera’s Hydra Platform
(FINalternatives) Quantitative investment manager Manifold Partners has teamed with managed account marketplace provider Kettera to offer its equity strategies to investors. Manifold Partners specializes in scientific forecasting of securities prices and having nearly $1 billion in assets under management and/or […]
Citi, Twitter May Fall as Holdings of Billionaire Saudi Prince Detained Over Weekend Are Scrutinized
(CNBC) Citigroup and Twitter shares could be unlikely casualties of a stunning power struggle unfolding in Saudi Arabia right now — at least temporarily. Prince Alwaleed Bin Talal, one of the world’s richest men and a well-known investor who just […]
‘The Middle Innings of Frothy Speculation’: A $3.4bn Hedge Fund is Sounding the Alarm
(The Business Insider) Tourbillon Capital is a $3.4 billion New York hedge fund led by Jason Karp. The fund has lost money in its flagship fund, but says despite the bull market, there are still stock-picking opportunities; it just requires […]
The “Paradox of Prudence” – It is real and needs your attention
(Harvest) Our thinking of systematic risk has to be in two dimensions; one, the time series impact and two, the cross-sectional impact. These financial insights are coming from Markus Brunnermeier in his piece “Paradox of Prudence” . The time series […]
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 […]
Mercer Steps Down From Helm of $50bn Hedge Fund
(Reuters) Hedge fund manager Robert Mercer, a major backer of conservative causes, said on Thursday he plans to step down as co-chief executive of hedge fund firm Renaissance Technologies and will sell his stake in right-wing news outlet Breitbart News […]
Look What Happens When Hedge Funds Get Burned
(Bloomberg) Two big European companies pull their IPOs in a day, both blaming market conditions. In fact, market conditions could scarcely be more favorable. The better explanation is that investors — hedge funds especially — have lost money on recent […]
Wall St Tax Break Once Blasted by Trump Preserved in Republican Bill
(Reuters) As a candidate, U.S. President Donald Trump promised to close the “carried interest” tax break that benefits some of Wall Street’s wealthiest financiers – but the Republican tax bill released on Thursday makes no mention of it. Carried interest […]
Support for Responsible Investing Grows, but Differences Remain
(FINalternatives) Two-thirds of institutional investors use environmental, social and governance (ESG) considerations as part of their investment approach, and 25% expect to increase their allocation to managers with ESG-based investment strategies within one year, according to the second annual global […]
Credit Suisse CEO Responds to Calls for Bank to Break Up — and Will Meet With Activist RBR Capital
(CNBC) In recent weeks, a relatively small but top-performing activist hedge fund announced an ambitious plan to break up Credit Suisse. RBR Capital Advisors, led by outspoken trader Rudolf Bohli, said it hoped the bank’s management would break the lender […]
The Head of JPMorgan’s Nearly $2trn Funds Business Issued a Stark Warning for a Large Group of Wall Streeters
(The Business Insider) Asset managers like JPMorgan are expected to slash research budgets by as much as 50% in response to European regulatory reform known as MiFID II. That means money to pay analysts will shrink, leaving only top-tier talent […]
How You Can Invest Like This Secretive Hedge Fund Manager
(Nasdaq) Seth Klarman is one of the best investors in the world, but he rarely gets mentioned in the media. This is most likely because he doesn’t seek publicity… He’s the rare investment manager who isn’t worried about gathering more […]