Monthly Archives: November 2017
Bridgewater, the World’s Largest Hedge Fund, Faces a Race Against Time to Avoid a Loss in Its Biggest Strategy
(The Business Insider) The world’s largest hedge-fund firm, Bridgewater Associates, is facing the possibility of an annual loss in its biggest strategy for the first time in more than a decade. Bridgewater’s Pure Alpha II has lost about 2% after […]
We Keep Hearing That Billionaire Hedge Funder Steve Cohen Has Been Crushing It Recently — and Just at the Right Time
(The Business Insider) The billionaire Steve Cohen has been posting double-digit gains this year following a period of underperformance, according to multiple people we’ve spoken with.The gains come as a third-party firm has been pitching potential investors on Cohen’s comeback.Cohen […]
Embracing Digital Disruption
(Harvest) The problem isn’t technology — it’s people. This is the conclusion in a recent blog post from the MIT Sloan Management Review that articulated problems presented by digital disruption. In summary, “technology changes faster than individuals can adopt it, […]
Odey Notes Market-Calls Record ‘Not Good,’ Makes Another One
(Bloomberg) Stock markets are “now starting to go hyperbolic,” a sign that time is running out and a bubble is developing, London-based hedge fund manager Crispin Odey said in a letter to investors. To read this article:
Preqin: Private Capital Firms Adding Staff, Raising Salaries
(FINalternatives) The vast majority of private capital firms have added to headcount since last year, according to new research from Preqin, while two-thirds expect to increase staff next year – and salaries are on the rise. To read this article:
Ackman’s Pershing Square Turns To Options For Herbalife Position
(FINalternatives) Famed activist hedge fund manager Bill Ackman has converted his beleaguered short position in nutritional supplement maker Herbalife into put options that cap his potential losses on the stock. To read this article:
Net Shorts on US Bonds Rise Ahead of Fed Chair Pick
(Reuters) The margin of investors who said they had fewer longer-dated Treasuries than their benchmarks over those who held more longer-dated bonds than their benchmarks increased in the latest week, JPMorgan Chase & Co’s latest client survey showed on Tuesday. […]
David Einhorn Wraps Up a ‘Very Challenging’ Last Few Days Because of Amazon, GM, Mylan
(CNBC) David Einhorn’s Greenlight Capital gained 6.2 percent in the third quarter, compared with the more than 14 percent rise in the S&P 500.The hedge fund is one of General Motors’ biggest investors, and shares of the automaker are down […]
Europe’s Biggest Fund Managers Set for Face-Off on How to Trade the Pound
(Bloomberg) Some of Europe’s biggest fund managers are set for a face-off on how best to trade the U.K.’s first potential interest-rate increase in a decade. Allianz Global Investors GmBH is looking to fade any rally in the pound or […]
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 […]
Jailed Hedge Fund Head Is Star Witness in Amanat Fraud Trial
(Bloomberg) Disgraced hedge fund founder Steven Maiden is set to testify Wednesday against two former business associates who stand accused of manipulating shares in the video-software company KIT Digital Inc. before it filed for bankruptcy. To read this article:
Behind Credit Suisse’s $1 Billion Lehman Fight, a Risky Trade
(Bloomberg) Three years into the bankruptcy of Lehman Brothers, Credit Suisse Group AG made a bold move. It was around 2011 and most of its peers were settling claims that Lehman owed them billions of dollars from failed derivatives trades. […]