Monthly Archives: November 2015
Third Point Re Posts Biggest Loss Since IPO on Investments Bloomberg posted on Wed 4 Nov 2015 Permalink
(Bloomberg) Third Point Reinsurance Ltd., the reinsurer that counts on Dan Loeb to oversee investments, posted its worst loss as a publicly traded company on declines in the hedge-fund manager’s portfolio.The third-quarter net loss widened to $195.7 million, or $1.88 […]
CQS Hedge Fund Hires Wainer as Money Manager From Moore Capital
(Bloomberg) CQS Management Ltd. hired Anthony Wainer as a portfolio manager at the London-based hedge fund from U.S. competitor Moore Capital Management.Wainer joined the $13 billion firm in September, CQS spokesman Michael Rummel said Tuesday. He follows Christopher Callan who […]
Valeant’s Crisis Fuels Feud Between Ackman and Australian Fund Manager Hempton
(Reuters) Just before Bill Ackman gave a presentation on Friday to defend one of his biggest investments, Valeant Pharmaceuticals, from allegations of accounting and insurance fraud, he was taunted by John Hempton, who runs a small hedge fund from Australia. […]
Hedge Funds Draw More Business From Institutional Investors
(Forbes) In contrast to the early 2000s when high net worth individuals made up much of the hedge fund business, today the funds are attracting money from institutional investors looking for some yield in a low-rate environment, said Eamon McCooey, […]
A rival to NYSE just landed a big win
(The Business Insider) BATS Global Markets, the Kansas-based stock exchange that competes with the New York Stock Exchange and Nasdaq, has landed a big endorsement. WisdomTree, one of the leading sponsors of exchange-traded funds, is listing three of those funds […]
China Arrests HK-Owned Fund Executives for Futures Manipulation
(Reuters) China has arrested two executives from a Hong Kong-owned fund for irregular futures trades involving hundreds of millions of dollars, said Xinhua news agency, the first public arrests linked to a non-mainland fund caught up in a crackdown on […]
Gross’s Bid at Redemption Set Back as Soros Pulls $490 Million
(Bloomberg) Janus Capital Group Inc. took out an advertisement a year ago to trumpet a $500 million investment by George Soros in a fund managed by Bill Gross, weeks after the bond guru was ousted by Pacific Investment Management Co […]
Hedge Funds Cut Bullish Ag Bets, Amid China, Meat Cancer Fears
(Agrimoney.com) Hedge funds cut their bullish bets on agricultural commodities, despite reversing a selldown in Chicago wheat, as China worries undermined the soymeal market, and cancer concerns prompted selling in hogs. Managed money trimmed its net long in the top […]
Models with Low Correlations Shine in Third Quarter
New York (HedgeCo.net) We have dedicated several articles to the topic of correlation in recent weeks as the market has seen an increase in volatility and as the overall market has struggled. For the record, the S&P 500 was down […]
Preqin’s Latest Report Shows Q3 Worse than Other Reports
New York (HedgeCo.net) – Alternative asset industry data and intelligence firm Preqin released its latest report and it showed that hedge funds as a whole fell almost 4%. Despite the overall performance, there were a few bright spots with Commodity […]
Former Matchpoint Co-Founder Debow Plans New Asia Hedge Fund
(Bloomberg) Sean Debow plans to start a new hedge fund at Asiya Investments Hong Kong that bets on rising and falling stocks in the Asia-Pacific region, after leaving Matchpoint Investment Management Asia. Asiya Interlink Asia-Pacific fund will start trading in […]
Another Top Firm May Make Serious Middle and Back Office Job Cuts
(Reuters)BNP Paribas may make significant middle and back office job cuts as part of a plan to cut costs in its investment bank that includes using ‘big data’ technology to identify client needs, a person familiar with the matter said. […]