Monthly Archives: November 2016
Billionaire Dan Och’s Hedge Fund Firm Cuts Management Fees to 1%
(Forbes) With money flowing out of his hedge fund firm at a fast pace, billionaire Dan Och’s hedge fund firm has cut its average management fee to 1.01%, the latest major hedge fund to try retain investor cash by offering […]
Hedge fund Elliott Management names its biggest worry: inflation
(CNBC) In a new letter to investors, executives of the hedge fund Elliott Management warned that rapid inflation is their biggest concern in the current environment, adding that such a spike would not only collapse bond prices, but potentially lead […]
Eisman of ‘Big Short’ Sees Massive Changes for Hedge Funds
(Bloomberg) Steve Eisman, a fund manager at Neuberger Berman Group who was profiled in “The Big Short,” says Europe still faces the risk of a financial crisis like the one portrayed in the book while the probability of such an […]
Surprises Loom Large in Stockpicker’s Market
(FinAlternatives) Third Point’s Dan Loeb believes his fund’s returns this year have been driven by “idiosyncratic opportunities” presented by a constant steam of surprises that have shaped market trends – and thinks more, including the upcoming election, could be in […]
SEI: Private Equity Managers Must Adapt to Meet Challenges of Rapid Industry Growth
(FinAlternatives) PE managers must make careful choices about investment focus, data handling and outsourcing partnerships – all of which could ultimately mean the difference between success and failure – as the industry continues to grow, according to a new whitepaper […]
Good News for Hedge Funds, Which Outpaced Stocks in October
(Investopedia) According to a Morgan Stanley Prime Brokerage Global Hedge Performance report revealed this week, hedge funds managed to outperform the stock market on average across the industry in recent weeks. This news comes as a glimmer of optimism….However, while […]
Hedge Funds Sense Weakness in Alibaba
(Bloomberg) Alibaba sentiment has never been this high. Since listing in the U.S. more than two years ago, hedge funds are more confident than ever in their assessment of the Chinese e-commerce giant.But it’s not the stock price that’s up, […]
Blackstone to buy TeamHealth in $6.1 billion deal
(CNBC) TeamHealth said on Monday it agreed to be bought by private equity firm Blackstone in a deal valued at about $6.1 billion. TeamHealth, a U.S. hospital staffing provider, has been the target of activist funds including Jana Partners. Blackstone […]
How a Smooth Talker Convinced Bankers to Invest $32 Million, Then Vanished
(Bloomberg) Inside Hong Kong’s posh American Club, few worked a room quite like Avery Stone. Over steak dinners and cigars, Stone charmed a Who’s Who of financiers into investing millions in his fledgling business. Then, earlier this year, everything unraveled–and […]
Asset Managers Bleed $50 Billion as Industry Crisis Deepens
(Bloomberg) The business of picking stocks and bonds for clients is getting smaller by the day. Seven top asset managers this week reported a total of $50 billion in third-quarter net redemptions, most of it from active funds, company filings […]
The U.S. Stock Market Isn’t Going Clinton’s Way
(Bloomberg) Market correctly signals outcome 86 percent of time since 1928. Few institutions have a better track record calling presidential races than the U.S. stock market. At the moment, it’s sending information that counts against Democrat Hillary Clinton…. To read […]
The Decline of Hedge Fund Returns
(Harvest) In September of this year, a curious story started making the rounds on my Facebook feed. It seems that the CDC had underestimated the rate of cat scratch disease among the general population, determining that it was both more […]