Category Archives: Syndicated

San Francisco Makes $1.1 Billion in Commitments, Mostly to Hedge Funds

(aiCIO) The $25.5 billion San Francisco Employees’ Retirement System has committed more than $1.1 billion to hedge funds, private equity, real estate, and natural resources funds, shows a SFERS report… To read this article:

Fund Managers Say Don’t Count on the Midterms to Revive Gold

(Bloomberg) It’ll take more than election upheaval to restart gold’s rally. That’s the view of money managers including Stephen Land of Franklin Templeton Investments, who say concerns that the Federal Reserve will continue raising rates will overshadow any short-term boost […]

Pelham Capital Hedge Fund Tumbles 14.4% in October Rout

(Bloomberg) One of Pelham Capital’s hedge funds plunged last month, joining a host of other firms that struggled to perform in October. Pelham’s long-short equity fund, managed by founder Ross Turner, fell an estimated 14.4 percent last month, leaving it […]

Top-Performing Hedge Fund Says Dump Equities Now

(FNLondon) A top-performing hedge fund has taken the bold step of almost completely dumping its equity holdings, ahead of what it fears will be a “substantial market correction — or worse”. Managing Partners Group, a UK fund manager that runs […]

Hedge Fund Manager Stakes Own Cash on a Bet Against Credit ETFs

(Bloomberg) After quitting his job at a $7 billion hedge fund to go it alone three years ago, Adam Schwartz happened upon a short so certain he built a notional position amounting to half his fledgling firm’s assets on it. […]

Rebalancing EM Small Caps during Volatile Markets

(Harvest) As global trade disputes between the two largest economies continue to escalate, volatility has once again become a fact of global markets, as seen in the VIX spiking above 25 . Perhaps due to their sensitivity to trade (and […]

VIX Could Go Much Lower Just as Hedge Funds Bet on Its Futures

(Bloomberg) A fair-value model based on economic fundamentals suggests that the Cboe Volatility Index — the equity market’s “fear gauge” — should be at a much lower level, according to Vinay Viswanathan and Dean Curnutt of Macro Risk Advisors To […]

Equities MDs said to be hit particularly hard in Goldman partner promotions

(eFinancial) Sometime this week, Goldman Sachs will announce who is being promoted to partner at the firm this year…The expectation is that managing directors in compliance, control and legal divisions will lose out as CEO David Solomon focuses on promoting […]

Ex-Morgan Stanley algo trader reappears at Caxton Associates

(eFinancial Careers) Selim Adyel, a former associate on Morgan Stanley’s algorithmic trading desk, has joined Caxton Associates after a sabbatical during which he studied artificial intelligence and crytpocurrencies….. To read this article:

New Funds Take Pay Cut If They Can’t Beat the Market

(Wall Street Journal) A wave of stock-picking firms are stepping up their fight against cheap exchange-traded and index funds with new offerings that dial back fees if they can’t beat the market. To read this article:

Dollar Wobbles But Hedge Funds Keep Upping Bullish Bets

(Bloomberg) Hedge funds are finally making some inroads with their bullish U.S. dollar bets and are continuing to up their stakes. With the greenback breaking out of its recent trading range last week, speculators increased their net long positions on […]

Odey’s October Gains Boost Hedge Fund Returns to 48% This Year

(Bloomberg) Crispin Odey, fighting to recover from three successive years of losses in his main hedge fund, made money last month as his long-running bearish bets paid off. The Odey European Inc. fund gained 7.2 percent in October, boosting returns […]