Monthly Archives: November 2018
Greg Coffey Hedge Fund Heads to NY as London Fades
(Financial Times) Greg Coffey, one of London’s best-known hedge fund traders, is planning to relocate his company to New York next year citing concerns about London’s role as a global financial centre. Mr Coffey, a former manager at GLG Partners, […]
Instacart Wins $271mn in New Funding in November
(Reuters) Grocery delivery startup Instacart raised an extra $271 million in November from investors including U.S. hedge fund Tiger Global Management, bringing its latest round of fund raising to $871 million, a source familiar with the matter told Reuters. The […]
Duquesne, Jana Among Fund Investors Breaking Up With Facebook
(Bloomberg) Billionaire Stanley Druckenmiller’s love for Facebook Inc. proved short-lived, and he’s not alone. The social-media giant, a onetime hedge fund darling, saw a number of high-profile investors hit the exit during the third quarter, when an earnings miss in […]
Prominent Managers Loaded up on Apple Before Recent Tumble
(Reuters) Several prominent investors put fresh money to work in Apple (AAPL.O) during the third quarter even as they sold out of other high-flying tech companies, betting the iPhone maker’s stock would keep rising as strong growth overshadowed rising trade […]
Hedge Funds Are Now Negative For The Year Following Stock Market Sell-Off
(CNBC) October’s miserable market month took its toll across the board, including the hedge fund industry, which collectively turned negative for the year.Hedge fund returns declined 3.1 percent during the month, according to industry tracker eVestment, the second-worst month since […]
Eyes on the (Alternative) Prize: 4 Themes for 2019
(Harvest) We’ve reached that time of the year again, when prognosticators are producing all manner of publications centering on how the 2019 investment landscape will likely take shape. Robeco issued a white paper in October, ‘Turbulence Ahead: Investment Outlook 2019,’ […]
SEC Settles Insider Trading Claims Against Former Chairman and CEO of Advanced Medical Optics
(HedgeCo.Net) The Securities and Exchange Commission has announced that it has agreed to resolve its insider trading claims against James V. Mazzo, the former Chairman and Chief Executive Officer of Advanced Medical Optics, Inc. (AMO) for allegedly tipping information about […]
Sears’s Latest Hope for Cash: Bidding War Among CDS Traders
(Bloomberg) Sears Holdings Corp.’s latest attempt to raise cash and stave off liquidation is hinging on a complex — and perhaps shrewd — maneuver to create a bidding war among derivatives traders who wagered hundreds of millions of dollars on […]
Hedge Funds Struggled in October but there was Huge Differences Between and Within Strategies
(Hedgeweek) The selloff in October was difficult to navigate for hedge funds, but there were substantial divergences across strategies, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team. Lyxor writes: “L/S Equity and Event-Driven strategies underperformed due […]
Volatility’s a Friend for Asian Hedge Fund Bucking Market Trend
(Bloomberg) One hedge fund in Asia is making the most of volatile markets, extending gains this year to 24 percent as stocks in many geographies tumble. True Partner Fund returned 4.8 percent last month, according to its latest newsletter. Driving […]
Hedge Fund Says Pick Anything But the Real to Benefit From Brazil’s Rally
(Bloomberg) Investors looking to jump into one of the world’s best performing markets should put their money into Brazil stocks or local rates and stay far away from the currency, according to one of the best performing funds in the […]
Citron’s Left Makes U-turn and Now Sees Value in China
(Reuters) Andrew Left, whose Citron Research has published critical reports on Chinese companies and profited when their shares dropped, is now making a contrarian call by going long on some.“There is value in China,” Left told the Reuters Global Investment […]