Monthly Archives: November 2014
Paul Singer: CalPERS ‘off-base’ to ax hedge funds
CNBC – Billionaire investor Paul Singer has a message for the California Public Employees’ Retirement System: Dumping your hedge funds makes no sense. “We are certainly not in a position to be opining on the ‘asset class’ of hedge funds, […]
Blackstone and NWI Management Develop a New Platform to Invest in Emerging Markets
New York (HedgeCo.Net) – Blackstone Alternative Asset Management (BAAM), Blackstone’s hedge fund solutions business, and NWI Management, LP (NWI), a global macro hedge fund, launched Blackstone NWI Asset Management LLC (BNAM), a new asset manager jointly owned by the two […]
Hedge Funds Down In October, S&P Up 2.32%
New York (HedgeCo.Net) – The Hennessee Hedge Fund Index lost -0.18% in October (+1.89% YTD), while the S&P 500 gained +2.32% (+9.18% YTD), the Dow Jones Industrial Average rose +2.04% (+4.91% YTD), and the NASDAQ Composite Index jumped +3.06% (+10.87% […]
Highlights From The November 2014 Eurekahedge Report
New York (HedgeCo.Net) – Hedge funds are up 3.45% year-to-date with roughly 18% of funds boasting double digit returns for the year, half the number for the same period last year, Eurekahedge reports today. Total net asset flows for 2014 […]
Credit Suisse Hedge Fund Index Down 0.80% in October
New York (HedgeCo.Net) – The Credit Suisse Hedge Fund Index (the “Broad Index”) finished down 0.80% for the month of October. Performance for the Broad Index and its 10 sub-strategies is calculated monthly. September, October and YTD 2014 performance numbers […]
State Street selling stake in hedge fund group
Boston Globe – State Street Global Advisors is selling its majority stake in a Wilton, Conn., hedge fund group back to the executives who manage it. State Street Global and the hedge fund group, SSARIS Advisors , “have decided to […]
The 18-Year-Old Who’s Starting A Hedge Fund In His Dorm Room
BI – Julian Marchese was 9 years old when he made his first trade. In high school, he skipped class on Fed Days. When the Canadian finance wunderkind was just a teenager, he developed a quantitative, long-short equity strategy that […]
No Wonder They Call Hedge Funds ‘Smart Money’!
BusinessInsider – One of the most amusing phrases on Wall Street is “smart money.” This phrase is used to describe the handful of professional investors whose abilities and foresight are thought to be so acute that they spot the big […]
Sliced Investing Gets $2 Million for Its Online Hedge Fund Investing Platform
WSJ – Online financial services, from crowdfunding startups to peer-to-peer lending, are becoming increasingly popular and accepted. Now startup Sliced Investing Inc. is using a similar model of pooling resources from accredited individual investors, this time for investing in hedge […]
Pound Decline Seen Enduring in Hedge-Fund Reversals
BusinessWeek – Traders are viewing the pound’s 8 percent slump since mid-year as the start of a long-term decline as speculation grows that U.K. interest rates will stay at record lows well into 2015. After being more optimistic on the […]
CIBAFI & SCA Sign MOU
The General Council for Islamic Banks and Financial Institutions (CIBAFI) and the Emirates Securities and Commodities Authority (SCA) announced the signing of a Memorandum of Understanding (MOU) that serves as the foundation for future cooperation towards the enhancement of knowledge […]
Sandell Hedge Fund Sends Activist Letter To TransCanada
New York (HedgeCo.Net) – Activist hedge fund Sandell Asset Management is taking on oil giant TransCanada, requesting a spinoff of its energy sector and urging the company to take advantage of a low tax paying affiliate. “Although we are excited […]