Monthly Archives: November 2016
Chelsea’s husband allegedly used foundation ties to boost hedge fund
(Politco) Chelsea Clinton’s husband used his connections to the Clinton family and their charitable foundation to raise money for his hedge fund, according to an allegation by a longtime Clinton aide made public Sunday in hacked documents released by WikiLeaks. […]
New Goldman ETF tracks popular hedge fund stock bets
(Reuters) Reuters) – Goldman Sachs Group Inc has launched a new exchange traded fund that mimics the most popular stock bets made by hedge funds, the bank said on Thursday.The Goldman Sachs Hedge Industry VIP ETF (GVIP) will provide exposure […]
Company Co-Founder Charged in Manipulation Scheme
HedgeCo.Net) — The Securities and Exchange Commission today charged the co-founder of a Minnesota-based energy company with manipulating its stock price and concealing his control of the company to attain lucrative financial payouts. The company’s other co-founder agreed to pay […]
Caspersen Sentenced to 4-Year Prison Term For $38.5M Fraud
(FinAlternatives) Former Park Hill executive Andrew Caspersen was sentenced on Friday to four years in prison for engaging in what prosecutors say was a Ponzi-like scheme to defraud investors – including family members and friends – out of $38.5 million. […]
Buyside Managers Expanding Portfolios to Include Wider Range of Asset Classes
(FinAlternatives) Large traditional asset managers are gearing up to significantly boost their allocations to a range of investment classes including alternatives, private loans and equities, according to a new survey from industry software and services specialist SS&C Technologies. To read […]
Hedge Funds Are Turning Into OPEC Skeptics
(Bloomberg) Oil investors are growing more doubtful that OPEC can seal a deal. Money managers reduced bets on higher oil prices by the most since July 2014 after the group failed to agree on country quotas in talks on Oct. […]
The Money Management Gospel of Yale’s Endowment Guru
(New York Times) David P. Swenson is legendary in the rarefied world of endowment management. He has pioneered an investment strategy that expanded Yale’s portfolio from a plain-vanilla mix of stocks and bonds to substantial holdings in real estate, private […]
A Disgraced Steven Cohen Focuses on Aiding Veterans
(New York Times) Steven A. Cohen is helping veterans who have post-traumatic stress or traumatic brain injuries and doing research into diagnostic tools and treatments for those conditions. “I wanted to do something big,” he added. “I wanted to do […]
Return dispersion headed down
(Harvest) October was a painful month for investors with no place to hide in many sectors, styles, countries, or bonds. Major equity styles declined significantly especially in small caps. The only market sectors to provide investor gains were finance and […]
A Stranded $2 Trillion Overseas Stash Gets Closer to Coming Home
(New York Times) The next president may have a rare opportunity to close tax loopholes that have let American corporations stash more than $2 trillion in untaxed profits outside the United States. This enormous hoard of stranded cash has barely […]
Hedge fund crowdedness not always a bad thing, but concerns remain in quant space
(Opalesque) The low breadth in the hedge fund industry and the financial market is causing crowdedness, but it’s not always a bad thing, said Katherine Grant, equity and hedge fund specialist of LGT Capital Partners. Grant explained at the latest […]
Hedge Funds Are Hiding Out in Gold
(Bloomberg) To understand how fearful investors are of all the wild cards in Tuesday’s U.S. presidential election, just take a look at the gold market. Hedge funds are piling into the perceived safety of bullion, increasing their wagers that the […]