Monthly Archives: November 2018
Keepin’ It Bearish: Hedge Fund Managers See More Room To Fall
(Valuewalk) Despite the weakness in the stock market, many fund managers see plenty of room for equities to fall, according to Bank of America Merrill Lynch’s November Global Fund Manager Survey….BAML Chief Investment Strategist Michael Hartnett and team said after […]
Lawyer Is Barred from Appearing and Practicing Before SEC as an Attorney
(HedgeCo.Net) A U.S. District Court for the Central District of California has entered a final judgment on consent against immigration attorney, Steve Qi, and his law firm, Law Offices of Steve Qi & Associates, who were charged with violations in […]
Hedge funds suffer worst month in nearly three years in October
(CNBC) October saw hedge funds notch their worst collective monthly performance since January 2016, according to Preqin a research firm on the industry. Hedge funds lost 2.35 percent on average in October, according to Preqin’s index, while investors withdrew $4.6 […]
More hedge funds faced closure in the week:
(Opalesque) In the week ending November 23rd 2018, a number of hedge funds have closed their doors. Macquarie Group has shut Asia’s oldest quantitative equity hedge fund after a poor performance in recent years. PCA Investments Holding Co, Ltd, a […]
Hedge funds register worst performance since 2008 in first ten months of the year
(Hedgeweek) Hedge funds were down 2.15 per cent for the year, their weakest performance on record since 2008 when they declined 9.55 per cent in the 10 months through to October, according to figures released by Eurekahedge. To read this […]
Hedge fund asset flows negative in October as performance challenges continue
(Hedgeweek) Investors removed an estimated USD7.13 billion from the global hedge fund industry in October, pushing year-to-date (YTD) flows firmly negative at -USD10.09 billion. To read this article:
Steeleye completes seed round fundraise of GBP5.7m led by Illuminate Financial
(Hedgeweek) SteelEye, a compliance technology and data analytics firm, has completed a GBP2.9 million fundraise extension led by capital markets venture capital firm, Illuminate Financial, bringing the total seed funds raised to GBP5.7 million. To read this article:
No More Fake Fidelity Or Bogus Buffett – China Bars New Copycat Fund Names
(Reuters) Chinese asset managers will no longer be allowed to make a name for themselves by exploiting brands such as HSBC, Goldman, Morgan or Fidelity in their newly-launched funds, according to industry guidelines published this week. They’re also barred from […]
George Soros Makes £10.5m Stock Market Bet Against WH Smith
(The Guardian) The British hedge fund run by George Soros has made a £10m stock market bet against retailer WH Smith, adding to short positions equivalent to more than £100m in UK-listed companies. SFM UK Management has nine publicly declared […]
Goldman Sees More Pain for Facebook, Micron on Hedge Fund Exodus
(Bloomberg) It’s been a tough few months for tech stocks from social media giant Facebook Inc. to memory chipmaker Micron Technology Inc., which have been at the forefront of the U.S. stock market’s autumn rout. If history is a guide, […]
Hedge Fund Redemptions Surge to USD 39.1bn in September
(Hedgeweek) Hedge funds endured their heaviest outflows in more than five years in September despite record highs in US equity indexes and strong consumer sentiment, according to the Barclay Fund Flow Indicator. Data from more than 5,000 hedge funds in […]
SEC Cracks Alleged Investment Scheme That has Defrauded Hundreds of Investors in Several States.
(HedgeCo.Net) The SEC alleges that Gaylen D. Rust and his company Rust Rare Coin, Inc. (RRC) are engaged in an ongoing investment scheme involving a purported silver trading program. Through this scheme, Rust and RRC have allegedly raised over $85 […]