Monthly Archives: November 2018
North American Hedge Fund Count Is Stagnating; Here’s Why
(Valuewalk) North American hedge funds snapped their winning streak in September, shifting into the red after a strong first eight months of the year. Interestingly, the funds’ performance ran counter to the S&P 500, which ended the third quarter with […]
Cobalt appoints global head of sales and business development
(Hedgeweek) Cobalt, a foreign exchange (FX) post-trade processing network based on shared infrastructure and high performance technology, has appointed FX specialist Anoushka Rayner as global head of sales and business development. To read this article:
Investment Adviser Charged With Running $3.9 Million Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged a former registered representative and investment adviser in Altoona, Pennsylvania, with operating a long-running offering fraud. The SEC’s complaint alleges that Douglas P. Simanski raised over $3.9 million from approximately 27 of […]
Opalesque Roundup: Hedge funds to grow slower than other alternative asset classes next five years: hedge fund news, week 44 In the week ending October 2nd 2018, a Preqin survey said that hedge funds will grow by 31%, rising from…
(Opalesque) In the week ending October 2nd 2018, a Preqin survey said that hedge funds will grow by 31%, rising from $3.6 tn as at December 2017 to $4.7tn within the next five years as alternative investment assets would increase […]
Paul Tudor Jones: Rising rates typically cause bear markets, but it’s not at the tipping point yet
(CNBC) Hedge fund billionaire Paul Tudor Jones knows that the stock market is facing a reckoning as the Federal Reserve continues its cycle of raising interest rates to combat inflation. “Obviously, what typically starts bear markets is interest rates get […]
Blackstone invests in financial technology platform for alternative investments iCapital Network inShare
(Opalesque) U.S.’s largest alternative investment firm Blackstone is investing in iCapital Network, which provides platform to connect investors and advisers to alternative investment products. The financial behemoth joins UBS, Morgan Stanley, BlackRock, BNY Mellon and Credit Suisse as investors in […]
Activist hedge fund manager studied this troubled stock for a year before finally buying a big stake
(CNBBC) Douglas Braunstein, founder and managing partner of Hudson Executive Capital and J.P. Morgan’s former CFO, said in an interview that the firm has taken on the stake over the last few months after studying the stock for a year. […]
ValueAct’s Ubben says electricity is the next ‘Amazon-like’ growth area, buys Hawaiian Electric
(CNBC) TORONTO — ValueAct’s Jeffrey Ubben disclosed a new position in utility Hawaiian Electric at the Capitalize for Kids investors conference in Toronto. In a presentation last week, Ubben said ValueAct’s new VAC Spring fund’s newest and largest position is […]
Neuberger Berman acquires insurance-linked strategies manager Cartesian Re and affiliated reinsurer Iris Re
(Hedgeweek) Neuberger Berman has broadened its alternative investment platform with the acquisition of specialist asset manager Cartesian Re, which, with its affiliate Iris Re, manages more than USD1 billion in assets under management (AUM) focussing on the insurance-linked strategies (ILS) […]
EEX sees significant increases in power, emissions and freight trading volumes
(Hedgeweek) The European Energy Exchange (EEX) increased volumes on its power derivatives markets by 30 per cent in October to 339.3 TWh (October 2017: 261,3 TWh). In particular a four-fold increase in Phelix-DE Futures to 204.4 TWh as well as […]
Value Investing Hedge Fund Three Bays is said to Close
(Pension & Investments) Hedge fund Three Bays Capital plans to close after years of weak performance. According to people with knowledge of the matter, the company, which was started in 2013 by former Highfields Capital Management money manager Matthew Sidman, […]
Hedge Fund Poaches Facebook’s Head of AI Research
(eFinancial) AQR Capital Management has hired the leader of Facebook’s artificial intelligence research team to head up its own research engineering department. Howard Mansell started at Connecticut-based AQR earlier this month as a managing director. To read this article: