Monthly Archives: November 2015
A Tough Year for Hedge Funds? Not That Real Estate Has Noticed
(New York Times) A Manhattan penthouse on the Upper East Side with sweeping views of both the Hudson River and the East River was sold this summer for $37.9 million. The person behind the purchase was hidden behind a limited […]
Flamand’s GLG Hedge Fund Said to Return 8.8% in First Year
(Bloomberg) Pierre-Henri Flamand, the former Goldman Sachs Group Inc. proprietary trader who shuttered his own hedge fund amid losses in 2012, is making money again. Flamand’s so-called catalyst-driven strategy for GLG Partners, betting on mergers and acquisitions, share buybacks and […]
Chinese Hedge Fund Manager Sees Assets Frozen by Authorities
New York (HedgeCo.net) – As Chinese authorities continue to crackdown on institutional investors, Wednesday saw the police freeze approximately $1 billion in assets of Xu Xiang. Xu is a hedge fund manager and he is currently under investigation for insider […]
Bets on Argentinian Debt Paying Off Post-Election
New York (HedgeCo.net) – Argentina has been the source of speculation for years for distressed debt hedge funds and there has been animosity between investors and the government. Even though the country has only gone through one round of its […]
Hedge funds stage a rebound in October
(CNBC) Just as it seemed as if 2015 would be a total wipeout for hedge funds, October brought the industry some life.As a whole, the $2.8 trillion industry rebounded to a 1.8 percent gain in October, according to numbers released […]
Hedge Funds + Leverage Are Hot Formula for Canada Pension Plans
(Bloomberg) The words “bold” and “pension fund” don’t always go together easily. Then again, neither do bold and Canada.But Canadian public pension funds are once again employing bold strategies in a world where interest rates have remained persistently low at […]
Former SAC Manager Seeks to Link Pensions to Small Hedge Funds
(Bloomberg) Kevin Becker is trying to crack a conundrum for small hedge funds: how to get institutional investors who prefer boldface names to give them money. To lure big investors, Becker’s Kiski Group Inc. is providing small firms with the […]
Deutsche Bank Quants Explain Hedge Fund Underperformance
(Valuewalk.com) The market environment for hedge funds in 2015 has been “marked by an acute and prolonged de-risking episode,” a recent quant piece from Deutsche Bank notes. In fact the bank’s “volatility factor,” a measure that approximates high risk and […]
Two Main Funds Managed by Bridgewater Up in October
New York (HedgeCo.net) – Hedge fund management firm Bridgewater released performance results for its two main funds yesterday and both funds moved higher on the month. The All Weather Fund, which uses the recently criticized risk parity strategy, gained 4.1 […]
Avenue Capital Closing Original Fund
New York (HedgeCo.net) – Avenue Capital Group is one of the preeminent investment firms in the distressed investing space and in a sad, symbolic gesture, the firm announced that it will be closing its original hedge fund, Avenue Investments. The […]
Horseman Capital’s Hedge Fund Said to Lose 8.7% on Equity Bets
(Bloomberg)Horseman Capital Management lost 8.7 percent in its global pool in October as bets by the $2.5 billion hedge fund firm that stocks would drop turned sour, according to two people with knowledge of the matter. It’s the the biggest […]
Research Affiliates Compares Competing Low-Vol Approaches
(Daily Alts) The millennium is still young, but investors have already suffered a pair of massive selloffs in the past 15 years: First, 2000’s dot-com meltdown saw the S&P 500 fall by 44%; then less than a decade later, the […]