Monthly Archives: November 2018
SS&C GlobeOp Forward Redemption Indicator at 3.96 per cent for November
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for November 2018 measured 3.96 per cent, down from 2.66 per cent in October. To read this article:
Hedge funds with $7bn outflows following tough October
(Opalesque) October saw hedge funds notch worst performance. Investors removed an estimated -$7.13bn from the global hedge fund industry in October, pushing year-to-date (YTD) flows firmly negative at -$10.09bn, says eVestment. According to the October 2018 eVestment Hedge Fund Asset […]
How Bitcoin’s Meltdown Is Ravaging Hedge Funds
(Marketwatch) What a difference a year makes in the world of digital currencies. Bitcoin was flying more than 1,000% higher in 2017, and with venture capital and institutional firms flush with cash, investors deployed funds to tap into what must […]
Hedge Funds Are In A ‘Vicious Downward Cycle’ As Their Favorite Stocks Badly Trail Market
(CNBC) After beating the market in the first half of the year, a basket of the most popular long positions at 823 hedge funds has lagged the S&P 500 by 7 percentage points since mid-June, according to Goldman Sachs. The […]
Macquarie to Close Oldest Asia Quant Equity Hedge Fund
(Bloomberg) Macquarie Group Ltd. is shutting Asia’s oldest quantitative equity hedge fund after a poor performance in recent years, said a person with knowledge of the matter. The Australian company told investors nearly three weeks ago that the 13-year-old Macquarie […]
Hedge Fund Bear Vindicated With 10% Gain Shorting Japan Stocks
(Bloomberg) After cutting a sometimes lonely figure as a staunch bear amid Japan’s stock-market rally, Shannon McConaghy has been vindicated….The $48 million Japan-focused hedge fund he manages for London-based Horseman Capital Management Ltd. returned 10 percent in the first 10 […]
Hedge Fund Flows Negative in October as Performance Falters
(Evestment) Investors removed an estimated -$7.13 billion from the global hedge fund industry in October, pushing year-to-date (YTD) flows firmly negative at -$10.09 billion, according to the October 2018 eVestment Hedge Fund Asset Flows Report. The October outflows follow an […]
Investment Adviser, Pleads Guilty To Criminal Fraud Charges
(HedgeCo.Net) Kimberly Kitts, a Cape Cod-area investment adviser, pleaded guilty to criminal charges filed by the U.S. Attorney for the District of Massachusetts. Kitts admitted to investment adviser fraud, wire fraud and aggravated identity theft in connection with stealing over […]
Hedge funds redemptions surge to $39.1 billion, highest in more than 5 years
(Opalesque) Hedge funds endured their heaviest outflows in more than five years in September despite record highs in U.S. equity indexes and strong consumer sentiment, according to the… To read this article:
Crestline Investors raises $600m for new fund
(Opalesque) Laxman Pai, Opalesque Asia: Crestline Investors, credit-focused institutional alternative asset manager, has closed its latest fund at $600 million. The fund will focus on Crestline’s portfolio financ. To read this article:
Hedge Fund Solus Looks to Raise $750mn Fund
(Reuters) Solus Alternative Asset Management LP is launching a $750 million fund focused on distressed and stressed investment opportunities, according to a person familiar with the matter and a letter to investors Reuters reviewed. The firm, which has $5.8 billion […]
Hedge Funds’ Historic Bond Bet Swing Suggests Fed Close to Cycle End
(Reuters) A potentially huge shift is underway in the U.S. bond market, underscored by a historic swing in hedge fund positions: investors are beginning to think the U.S. economy is close to peaking and the Fed is near the end […]