Monthly Archives: November 2019
Bridgewater Associates bets over $1 bln on market drop
B(Reuters) – Bridgewater Associates LP, a hedge fund founded by billionaire Ray Dalio, has bet more than $1 billion that stock markets around the world will fall by March, the Wall Street Journal reported on Friday, citing people familiar with […]
Oil traders bet on economic upswing in 2020
(Reuters) Crude oil traders are betting the market will tighten significantly next year, even as the major statistical agencies predict production will outstrip consumption and oil inventories will rise. Most of the divergence can be explained by differing assumptions about […]
Bacon’s Moore Capital to Return Client Capital after 30 Years
(Reuters) Louis Moore Bacon, the billionaire hedge fund manager whose macroeconomic bets on currencies, interest rates and other securities earned his Moore Capital Management LP double-digit returns over 30 years, will stop investing for outside clients. To read this article:
Hedge Funds Hit by Investor Redemptions for 8th Straight Month
(Bloomberg) Investors just keep punishing hedge funds.Managers suffered the eighth straight month of client redemptions in October, the longest stretch of withdrawals since the 2008 financial crisis. To read this article:
Ex-Hedge Fund Trader Gets Prison for Mismarking Scheme
(Bloomberg) A former trader at the defunct hedge fund Premium Point Investments was ordered to spend almost 3 1/2 years in prison for conspiring with the firm’s co-founder to overvalue its assets in order to attract new investors and keep […]
Final Judgment Handed Down Against Former Portfolio Manager
(HedgeCo.Net) A federal district court in New York, New York has entered a final judgment against Richard Lee, a former portfolio manager at S.A.C. Capital Advisors L.P., a former hedge fund management firm that was located in Stamford, Connecticut. The […]
Bacon’s Moore Capital to return client capital after 30 years
(Reuters) – Louis Moore Bacon, the billionaire hedge fund manager whose macroeconomic bets on currencies, interest rates and other securities earned his Moore Capital Management LP double-digit returns over 30 years, will stop investing for outside clients, according to a […]
Charles Schwab in advanced talks to buy TD Ameritrade:
(Reuters) Charles Schwab Corp (SCHW.N) is in advanced talks to acquire TD Ameritrade Holding Corp (AMTD.O), a person familiar with the matter said on Thursday, in a deal that could exceed $26 billion and combine the two largest U.S. discount […]
SS&C GlobeOp Forward Redemption Indicator at 4.81 per cent for November
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for November 2019 measured 4.81 per cent, up from 3.76 per cent in October. To read this article:
Veteran investors launch Eighteen48 Partners, a next-generation private investment office, with $600m of initial assets under management
(Opalesque) Co-founders Julien Sevaux and Tarek AbuZayyad announced the launch of Eighteen48 Partners, a research-led private investment office addressing the needs of professional investors, sophisticated families and institutions. The new firm has already secured over $600m in assets under management […]
Gen Cap America partners with management to acquire Griffin Gear
(Hedgeweek) Gen Cap America has partnered with management to acquire Griffin Gear (Griffin), a South Carolina-based manufacturer of replacement gearing and gearbox rebuilds for a wide variety of industrial applications. Terms of the transaction have not been disclosed. To read […]
Hedge fund investors extend redemptions in September
(Opalesque) The hedge fund industry’s redemption trend continued in September as a fourth straight month of net outflows saw monthly redemptions increasing to $14.7 billion. September’s redemptions represented 0.5% of hedge fund industry assets and were up from August’s $11.3 […]
