Monthly Archives: November 2018
Italy Finds a Friend in U.S. Hedge Fund
(Bloomberg) A corporate battle at Telecom Italia SpA shows why it’s tough to be an investor in Italy these days. The government is interfering with a private company to get hold of its most prized asset: the country’s phone and […]
Hedge Fund’s Accounts Liquidated Amid Energy Market Volatility
(Bloomberg) Gyrations in the natural gas and oil markets have claimed at least one hedge fund victim. Accounts belonging to Tampa-based Optionsellers.com, which specializes in writing commodities options for high net-worth investors, have been liquidated, INTL FCStone Inc., the brokerage […]
THE RISE OF THE ARTIFICIALLY INTELLIGENT HEDGE FUND
(Wired) LAST WEEK, BEN Goertzel and his company, Aidyia, turned on a hedge fund that makes all stock trades using artificial intelligence—no human intervention required. “If we all die,” says Goertzel, a longtime AI guru and the company’s chief scientist, […]
Paul Singer scores victory with new Telecom Italia CEO
(New York Post) When Telecom Italia on Sunday named Luigi Gubitosi as its new chief executive officer, it handed Paul Singer a big victory in his struggle to remake the troubled company… To read this article:
Soros Protégé Sees Opportunities for Stock Pickers
(Bloomberg) A hedge fund manager mentored by George Soros said recent volatility in equity markets in Australia and globally offer opportunities for stock pickers, the Australian newspaper reported. In a world of high frequency algorithmic trading and index funds, stocks […]
Final Judgment Against Former Investment Adviser Charged With Misappropriating Client Funds.
The Securities and Exchange Commission has announced a final judgment against Cornelius Peterson, a former investment adviser at a large financial institution who was charged with misappropriating client funds. On January 31, 2018, the Commission filed a complaint in the […]
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 […]
This Year’s Market Losers Turning Into Winners as 2018 Winds Down
(Bloomberg) Trends that held in financial markets for much of the year have turned around in the final quarter, spurring a challenge to investors as they consider a global economy in flux. Take the stock market. American equities have been […]
Hedge Funds Appear Headed Back on Defense
(Bloomberg) Hedge funds are sending signals that they are getting cold feet about the economy. In the third quarter, they showed less love to big-name technology and industrial stocks and more affection to consumer staple and utility stocks, two sectors […]
Barclay Hedge Fund Index down 3.06% in October (-1.90 YTD)
(Opalesque) Hedge Funds gave up 3.06% in October according to the Barclay Hedge Fund Index compiled by BarclayHedge, versus a 6.84% decrease in the S&P 500 Total Return Index. Year to date, the Barclay Hedge Fund Index is down 1.90%, […]
US Hedge Fund Boss Threatens to Launch Coup Against Executives at First Group
(This is Money) A US hedge fund boss has threatened to launch a coup against executives at transport company First Group, amid growing investor anger about its performance. James Rasteh, of Coast Capital Management, said: ‘They are driving the bus […]
L/S Equity strategies bear the brunt of the turmoil: Lyxor
(Opalesque) Following a sharp correction in risk assets for the second time this year, equity markets initiated a rebound by the end of October. Initially caused by fears the U.S. economy was overheating, the market later focused on profit warnings […]