Monthly Archives: November 2011
Hedge Funds Lag In October; Short Covering Seen Fueling Markets
Barrons – Hedge funds generated gains of 2.5% in October, their best month of the year so far, says the Hennessee Group. That was still less than the 10.8% advance by the S&P 500. But it was also less than the typical […]
Citi Hurries Up Hedge Fund Investments Ahead Of Volcker Rule, Stock Going To $40
Forbes – Citi seems intent on continuing to invest in private equity and hedge funds despite restrictions from the implementation of the Volcker Rule in July of next year. The bank announced that it will invest $800 million of shareholder […]
AXA IM plans “tail risk” hedge fund launches
Reuters – AXA Investment Managers (AXA IM) is planning to launch a series of funds of hedge funds that it hopes can protect investors from shock market events and longer-term market trends, after a volatile summer in which such funds […]
UCITS Hedge Fund Strategy Index up +0.68% in October 2011
New York (HedgeCo.net) – After two down months the UCITS Hedge Fund Strategy (HFS) Index was able to break the negative trend and gained +0.68% in October 2011. Following two rather tumultuous months in the financial markets the UCITS HFS […]
Hedge Funds Post 2.43% Gains In October – Hedge Fund Research
Dow Jones – Hedge funds posted the strongest monthly gains so far this year in October, riding on the equities market’s strong rebound. However, the HFRI Fund Weighted Composite Index’s 2.43% gains in October were less than the S&P 500’s […]
Wall Street Transaction Tax Would Raise $350 Billion
Huffington Post – A minuscule tax on financial transactions proposed by congressional Democrats would raise more than $350 billion over the next nine years, according to an analysis by the Joint Tax Committee, a nonpartisan congressional scorekeeping panel. The analysis […]
Hedge Funds Bet Against Gas as Stockpiles Surge: Energy Markets
The Chronicle – Hedge funds raised bearish bets on natural gas to the highest level in five weeks as increased output sent stockpiles toward a record. The funds and other large speculators more than doubled wagers on falling prices in […]
Citigroup Puts $800 Million in Own Funds Amid Volcker Draft
Bloomberg – Citigroup Inc., the third-biggest U.S. lender, invested about $800 million of shareholders’ money in its own private-equity and hedge funds during the third quarter as regulators seek to curtail the practice. The bank invested the money in “Citi-advised” […]
Calpers Says May Invest More in Hedge Funds After Review
Bloomberg – California Public Employees’ Retirement System, the largest U.S. public pension fund, is likely to increase or maintain hedge fund investments next year after a review, Chief Investment Officer Joseph Dear said. Calpers staff is scheduled to make recommendations […]
Europe’s tremors threaten not-so-hedged funds
eFinancial News – Hedge funds are having a lousy sovereign-debt crisis. The average fund has failed to protect investors’ capital, losing more than 5% of its value this year, according to Hedge Fund Research. Event-driven, macro and market-neutral strategies are […]
Pedagogues’ pension scheme provides hedge fund lessons
Dow Jones – Roger Gray became chief investment officer of the Universities Superannuation Scheme, the UK pensions fund for employees in higher education, two years ago. Here, he talks about the scheme’s strategy. Financial News: What are your scheme’s statistics? […]