Category Archives: Syndicated

Qatar Fund Seeking Deutsche Bank Stake of at least 5 Percent

(Reuters) The sovereign wealth fund of Qatar is seeking a stake of at least 5 percent in Deutsche Bank, a German magazine reported on Friday. Der Spiegel, citing unidentified sources, said the Qatar Investment Authority (QIA) could buy the stake […]

Alaskan Quant Fund Sees Profit in Frontier Markets Near Upgrades

(Bloomberg) It’s time to pay attention to Kuwait’s stock market, according to Alaska-based quantitative fund McKinley Capital Management. McKinley sees opportunities in developing strategies for its clients, such as Alaska’s $60 billion state investment pool, to access markets which represent […]

Pound Optimism Growing as Banks Take No-Deal Risk Off the Table

(Bloomberg) The tide looks to be turning for the pound, as the Brexit narrative shifts from fears of crashing out of the European Union this month toward expectations for a deal or delay. The currency is the best-performing in the […]

One of Wall Street’s Most Popular Trading Strategies Is Now Failing

(Bloomberg) Sometimes machines are only as smart—or dumb—as the humans who program them. Hedge fund investors learned that the hard way last year when data-crunching computers that invest $220 billion based on historical price trends did worse than most other […]

Einhorn’s Hedge Fund Focuses on Fewer, Higher-conviction Names

(Seeking Alpha) David Einhorn is narrowing his hedge fund’s focus on fewer names that he has more confidence in, after turning in its worst performance ever last year. “We entered 2019 with a portfolio consisting of fewer names than it […]

China’s Fledgling Junk Bond Market Spawns New Breed of Vulture Funds

(Reuters) When the Shanghai-traded bonds of conglomerate China Minsheng Investment Group plunged 40 percent over two days in January after news it had missed a repayment, Beijing-based hedge fund manager Jash Zhang smelled blood. As the private investors in the […]

BNP Wins Dismissal of $186 Million ‘Fat-Finger’ Trader Suit

HF (Bloomberg) BNP Paribas SA won dismissal of a German lawsuit by a trader seeking 163 million euros ($186 million) for a “fat-finger” mistake in a 2015 transaction. The Frankfurt Regional Court on Feb. 26 ruled it can’t look into […]

Paul Singer Ready to Mow Down Antagonists in His New 18-Wheelers

(Dealbreaker) It’s shaping up to be quite a week for Paul Singer & co. His Elliott Management is on the verge of securing some board seats at eBay, which board seats may eventually secure the blowing up of the whole […]

NYSE Dumps Bots for Humans to Make ETF Trading Smoother

(Bloomberg) The New York Stock Exchange is preparing to hand human traders a bigger role making markets for exchange-traded funds. The exchange plans to allow bond, commodity and currency ETFs to list on its main floor as soon as August, […]

Hedge Fund Industry Is Still Mostly Men, New Data Shows

(New York Post) The hedge fund industry is still dominated by suits, new industry data shows. Less than one in five hedge fund professionals are women, according to a report released by Preqin on Thursday. And the number drops to […]

Senior Hedge Fund Traders Can Probably Expect a Pay Cut in 2019

(eFinancial) Despite an extremely difficult fourth quarter, hedge funds were able to squeeze out a slightly bigger bonus pool for employees in 2018. Cash and long-term equity incentives were up 2% last year compared to 2017, according to a new […]

CTAs regain some lost ground

(Hedgeweek) Hedge funds were up 0.4 per cent last week as measured by HFRX indices and are up 0.6 per cent so far in February, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team. To read this […]