Category Archives: Syndicated
Nasdaq is on The Brink of a Bear Market
(Bloomberg) Spiraling losses in tech shares have pushed the Nasdaq Composite Index to the precipice of becoming the first major U.S. stock gauge to enter a bear market since 2009. Dragged down by its extra-heavy weighting in technology giants like […]
Bridgewater’s Jensen forecasts ‘near-recession-level growth’ in 2019
(Reuters) – Greg Jensen, co-chief investment officer of Bridgewater Associates, the largest hedge fund in the world, is forecasting “significantly weaker, near-recession-level growth” next year. In a telephone interview on Thursday, Jensen said financial markets are “not pricing in” 2019 […]
Dow drops 470 points to 14-month low in second day of big losses following Fed rate hike
(CNBC) U.S. stocks swooned for a second day Thursday after the Federal Reserve raised benchmark interest rates and said that it would continue to let its massive balance sheet shrink at the current pace. Fears of a government shutdown also […]
Macro hedge funds facing worst year since 2011, as promise turns to pain
(Reuters) – Vicious but short-lived volatility spikes, spectacularly unsuccessful emerging market bets and a dollar U-turn have hit macro hedge funds hard this year, setting them up for the worst year in seven. To read this article:
Lilley’s New Hedge Fund Bets on U.S. Metals After Red Kite Split
(Bloomberg) For the past three decades, David Lilley has been one half of the best-known trading duo in global metals markets. Now he’s branching out alone, with bets on a revival of two unloved corners of the industry: the U.S. […]
CFTC Gives Germany’s Eurex Green Light to Clear For U.S. Investors
(Reuters) The U.S. swaps regulator on Thursday will give Deutsche Borse’s Eurex the green light to clear interest rate swaps for U.S. asset managers and hedge funds, allowing the company to compete head-on with the London Stock Exchange and CME […]
Wedding Bells at Aurelius Hedge Fund Spur Redemptions
(Bloomberg) Hedge fund managers can’t catch a break. Not even when it comes to finding love. Aurelius Capital Management, the distressed-debt hedge fund known for its lengthy battle against the government of Argentina, is seeing about $900 million — almost […]
Hedge Fund Pain Compounded as Surprise Tax Hit Awaits Investors
(Bloomberg) A surprise tax blow could be looming for investors in hedge funds such as Point72 Asset Management. President Donald Trump’s tax law curbs the coveted deductions that most businesses were allowed to take for the interest they pay on […]
You’re not alone: Hedge fund manager Steven Cohen is suffering in the stock market too
(Marketwatch) His five biggest new positions have slumped an average of 25% this quarter… To read this article:
Signs of Things to Come
(Capital Trading Group) The mistakes of the past will not be rectified via further mistakes in policy and in order to purge the leverage and the incessant risk chasing that has become pervasive throughout our financial markets, interest rates should […]
Soros Fund Is Cutting Back on the Bets That Made Its Founder a Billionaire
(Bloomberg) Soros Fund Management has reduced most of its macro wagers, moving away from the strategy that made George Soros a billionaire — and inspired a generation of traders who looked to profit from big moves in currency, bond and […]
Billions Go Missing as Hedge Funds Forgo Winning Big Short
(Bloomberg) Hedge funds have seen their short bets shrink by billions of dollars even as the bearish strategy posts bumper profits — the latest twist in the tale of the stock rout that’s wiped out over $2 trillion in two […]