Monthly Archives: November 2018
3.25% is key for US 10 Year
(The Technical Analyst) A potential double top in US yields is forming, says Tony Sycamore, Director of Australia-based TECHFX TRADERS. Looking at a Chart of US 10 year interest rates, Sycamore says a potential double top is forming at 3.25% […]
Ray Dalio Says ‘Capitalism Not Working’ for Most People
(Barrons) Billionaire hedge fund founder Ray Dalio may not be the first person you would think of as a crusader against capitalism. But at the Summit conference in Los Angeles last week, he questioned the current US economic system. “Capitalism […]
Former Deutsche Trader Makes Quick Exit From Hedge Fund Eisler
(Financial News) A former senior trader at Deutsche Bank who followed his boss to Eisler Capital earlier this year has left the $2.6bn hedge fund after just five months. Kal El-Wahab, a foreign exchange and rates trader, plans to leave […]
Funds Keep Dumping Blocks of GE Shares at an Exceedingly Rapid Pace
(Bloomberg) Of the 12 largest blocks in S&P 500 Index companies today, nine of them were attributed to GE (when stripping out the market-on-open auctions). Collectively, these trades come out to around 24.3 million shares and equate to a total […]
Malaysian Official Asks Goldman For $600m Fraud Refund
(New York Post) Goldman Sachs’ Malaysia problem keeps getting stickier….Shares of the Wall Street powerhouse got clobbered on Monday after a top Malaysian official claimed the bank owed the country a “full refund” of $600 million for its role in […]
Meet the Robot Who Knows How to Trade Bonds Better Than You Do
(Bloomberg) The robots have just got a step closer to managing your money….AllianceBernstein Holding LP upgraded its virtual assistant Abbie so she can now suggest the best bonds to buy and sell based on pricing, ease-of-trading and risk. Unlike any […]
Hedge-fund Heavyweight Fears Trump Knocks On Fed Eroding Faith In Dollar
(MarketWatch) ‘The concept that our central bank is independent from partisan politics is extraordinarily important to the stature of our currency in global markets and to the faith and confidence people have in the value of the dollar both domestically […]
Steve Cohen Raises $5bn from Outside Investors
(Financial Times) Steve Cohen, the legendary hedge fund investor, says he has raised about $5bn from investors since opening his family office to outside money earlier this year. “It was actually not hard,” Mr Cohen told a sold-out audience at […]
Former Investment Adviser Pleads Guilty to Fraud and Lying to the SEC
(HedgeCo.Net) Richard G. Cody, a former investment adviser and broker representative whom the Securities and Exchange Commission charged with defrauding Massachusetts retirees, has pled guilty to criminal charges filed by the U.S. Attorney for the District of Massachusetts. According to […]
New Crypto Hedge Fund Says Don’t Be Fooled by Digital Asset Rout
(Bloomberg) The collapse in digital asset values this year is obscuring the growing use of cryptocurrencies among consumers and investors. That’s the view of the four founders of Circuit Capital, a new cryptocurrency hedge fund based in San Francisco and […]
South Korean investors looking to invest in alternative assets funds around the globe
(Opalesque) South Korea-based investors are looking beyond the domestic market to invest in alternative assets funds around the globe, according to intelligence provider Preqin. Preqin tracks 154 institutional investors in South Korea, more than either Singapore or Hong Kong, of […]
Benefits of Bonds When Rates Are Rising
(Harvest) Interest rates have been moving up, and the good part of that is cash yields have been going up. What’s not great is to shift assets from your long-term asset allocation into cash. You should think about how much […]