Monthly Archives: November 2016
Goldman considers Frankfurt move over Brexit
(Reuters) Goldman Sachs is considering shifting some of its assets and operations from London to Frankfurt, three people familiar with the matter said, as it tries to secure access to the European Union market when Britain leaves the block. To […]
Einhorn Says in a Word If He Shifted Bets for Election: ‘No’
(Bloomberg) Hedge fund manager David Einhorn opted against shifting his portfolio to prepare for market volatility tied to the results of U.S. elections.Asked in a conference call Tuesday if he made any “tactical moves” to prepare for the eventual outcome, […]
Trump Victory Shakes Global Markets
(HedgeWeek) Asian, European and UK markets have all seen significant falls following the news that Donald Trump is to become the 45th President of the United States. In the opening minutes of trading in London, the UK’s FTSE 100 index […]
Global Markets Plunge As Republican Donald Trump Gains A Path To U.S. Presidency
(Forbes) Markets around the world are beginning to price in a Donald Trump victory, as the Republican nominee’s path to the presidency becomes more likely by the hour. U.S. stock futures plunged, with futures on the Dow Jones Industrial Average […]
Dow futures plunge 700+ points as Trump makes surprise election gains
(New York Post) Donald Trump’s surprisingly strong Election Night showing…has sent jitters through Wall Street….Pre-market trading showed the Dow Jones Industrial Average down 726 points, or 3.97 percent, according to CNN. Other indices showed even greater losses, with the S&P […]
Wall Street caught without a Trump plan; traders buy gold, see 10% S&P 500 decline
(CNBC) Wall Street was caught clueless and flat-footed Tuesday night as results showed Donald Trump close to winning the presidency, a result few strategists, investors and economists took seriously….Traders clamored into safe havens such as gold and U.S. Treasurys, but […]
Company to Pay Penalty for Stock Picking Game That Was An Unregistered Swap
(hedgeCo.Net) The Securities and Exchange Commission has announced that a New York-based company has agreed to pay a $50,000 penalty for illegally offering complex derivatives products to retail investors through mobile phone games that were described as “fantasy sports for […]
Ex-Bluecrest PM Hashemi Said to Planning New European L/S Equity Fund
(FinAlternatives) Former BlueCrest portfolio manager Ardy Hashemi is reportedly prepping a new long/short equity hedge fund that will focus on European stocks and launch in the new year with backing from Lighthouse Partners. To read this article:
Preqin Acquires Controlling Stake in Baxon Solutions
)FinAlternatives) Alternative investment industry data provider Preqin has acquired a controlling stake in cloud-based portfolio management and investor reporting platform company Baxon Solutions. To read this article:
Hedge funds witnessed first decline after 7 months of gains
(Opalesque)Hedge funds declined 0.35%1 during the month of October – their first monthly loss after seven straight months of gains. Despite being in the red this month, hedge funds have outperformed underlying markets, with the MSCI AC World Index (Local) […]
Smaller Is Better as Canada Hedge Funds Outperform Global Rivals
(Bloomberg) Minuscule though they may be, Canadian hedge funds are dwarfing the returns of their bulky global peers. Canadian funds, with about C$35 billion ($26 billion) under management, returned almost nine times as much as the nearly $3 trillion global […]
Prosiris’s Billion-Dollar Hedge Fund Plunges to $284 Million
(Bloomberg) Prosiris Capital Management’s main hedge fund has seen assets plunge by more than 70 percent this year as losses mounted at the credit firm run by Goldman Sachs alumnus Reza Ali…. To read this article: