Author Archives: Jurica Dujmovic
Reuters Poll: Allocations Steady in February As U.S. Managers Adopt Wait-And-See Approach
(Reuters) – U.S. fund managers made no significant changes to their recommended model global portfolio in February, instead waiting for clearer signs on the world economy and follow-through on President Donald Trump’s policy proposals, a Reuters poll found. Global equity […]
Hawkish Fed Rhetoric Shifts Market Expectations Of Rate Hike Timetable
(Reuters) – A handful of Federal Reserve policymakers on Tuesday jolted markets into higher expectations for a March U.S. interest rate increase, with comments that suggested rate-setters are worried about waiting too long in the face of pending economic stimulus […]
The Top Hedge Funds of 2016 Share Their Best Bets for This Year
(Bloomberg) A global depression caused by a trade war. An overhaul of health care. Rising inflation and deregulation. To find out what hedge fund managers are looking out for in 2017, we asked several who topped Bloomberg’s 2016 global ranking […]
HSBC Gags Some Analysts on Politics as Banks Clam up
(Reuters) Major banks are clamping down on market analysts talking publicly about politics for fear of appearing to take sides, with HSBC taking its main global currencies commentator off air in an intensification of the crackdown. Currency strategists at HSBC’s […]
Hedge Funds are Cutting Their Fees
(Reuters) Investors disappointed by hedge funds’ poor returns and managers eager to pull in fresh money are seeing eye to eye: the industry’s once-hefty fees are being rolled back. Two separate global surveys suggest that nearly three-quarters of investors and […]
Brevan Howard Listed Macro Fund Avoids Wind-down After 48 Pct Tender Take-up
(Reuters) Brevan Howard’s London-listed hedge fund BH Macro Limited said 48 percent of investors took up an offer to exit the fund on Friday, meaning it will avoid a wind-down. In November, the company offered to buy back all BH […]
Fidelity Slashes Commissions in the Latest Salvo in the Fee Wars
(Bloomberg) Fidelity Investments is lowering online commissions for trading in U.S. stock and exchange-traded funds by nearly 40 percent, to $4.95 from $7.95 a trade for individual investors. The nation’s largest online retail brokerage firm, with 17.9 million accounts and […]
DoubleLine’s Gundlach Takes Contrarian Stance, Expects U.S. 10Y Yield Under 2.25%
(Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Friday he expects the yield on the benchmark 10-year U.S. Treasury note to drop below 2.25 percent as global investors seek safety. “There is a stealth flight to safety […]
Distressed Investing Guru Wilbur Ross Confirmed As U.S. Commerce Secretary
(Reuters) – Billionaire investor Wilbur Ross easily won confirmation as U.S. commerce secretary on Monday, clearing President Donald Trump’s top trade official to start work on renegotiating trade relationships with China and Mexico. The U.S. Senate voted 72-27 to confirm […]
Hedge Funds Find Plenty of Willing Sellers in Oil
(Reuters) For every buyer of futures and options there must be a seller. For every long position there must be a corresponding short position. Hedge funds and other money managers have purchased a record number of futures and options contracts […]
Icahn Representative to Several Corporate Boards Has Left Firm, Eyes Starting Own Fund
(Reuters) Samuel Merksamer, who represents billionaire Carl Icahn on several corporate boards, has exited the activist investor’s firm and a source familiar with his plans said that he is exploring launching his own hedge fund. At the same time Vincent […]
Hedge Funds May Be Falling Back in Love With Commodities
(Bloomberg) Hedge funds are raising their exposure to commodities as prices rally and investors respond to macro shifts including the prospect of accelerating inflation under U.S. President Donald Trump, according to Citigroup Inc. “After two years of scaling back exposure […]