Category Archives: Syndicated
Brent falls as fund managers take profits after rally
(Reuters) – Hedge fund managers started to take some profits after the strong rally in crude oil prices, even before details emerged last week of output increases from Saudi Arabia and sanctions waivers by the United States. To read this […]
Millennium’s Flagship Hedge Fund Is Said to Gain 8.3% This Year
(Bloomberg) Izzy Englander’s Millennium Management returned 8.3 percent this year through September with its main hedge fund, according to people with knowledge of the matter. The firm’s flagship multistrategy fund rose 1.1 percent last month, said the people, who asked […]
Hedge Fund Performance Mixed in September
(Hedgeweek) Hedge funds posted mixed performance for September as US bonds yields increased, with strategy gains led by fixed income- based Relative Value Arbitrage, while Macro Currency led sub-strategy performance as the US Dollar gained against the Japanese Yen. The […]
Bullish Oil Investor Gains 15% in his Hedge Fund
(Bloomberg) Pierre Andurand, one of the most bullish oil investors, recorded the best monthly gain in his hedge fund in almost four years and erased 2018 losses as crude prices surged in September. The $1.2 billion Andurand Commodities Master Fund […]
Trian Fund Evaluates Takeover Bid for Papa John’s
(Reuters) Nelson Peltz’ Trian Fund Management LP is evaluating a takeover bid for Papa John’s International Inc (PZZA.O), the Wall Street Journal reported on Monday, citing people familiar with the matter. To read this article:
How Goldman Is Changing Its Culture to Win More Deals
(CNBC) Goldman is responding to a revenue slump by seeking to drum up another $500 million by moving senior bankers far from Wall Street to be closer to clients…The regional push has resulted in more than 75 new deal agreements, […]
Hedge Fund Legend’s Best Ideas Frankly Not Very Good
(Dealbreaker) Ten years ago, as the hedge fund industry was roiled by the financial crisis, the brain behind Balyasny Asset Management had an idea… To read this article:
CTAs lead the pack in early Q4
(Hedgeweek) Hedge funds were up last week, on the back of the positive performance of CTAs and L/S Equity Market Neutral strategies, while CTAs staged an impressive rally with most buckets contributing to performance, according to the latest Weekly Brief […]
Numerai’s Craib Targets Hedge Funds With Crypto Marketplace
(Bloomberg) Richard Craib built his quant-driven hedge fund Numerai on the idea that if one data scientist is good, 40,000 are better. Now he’s inviting competing funds to draw from the same pool of brains for hire. San Francisco-based Numerai […]
Dmitry Balyasny Shutters His Own Best Ideas Hedge Fund
(Bloomberg) Dmitry Balyasny, who created a hedge fund during the financial crisis to trade on his best ideas, has closed it after poor performance this year. Balyasny Asset Management shut down the Atlas Fundamental Trading Fund after deciding it’s more […]
MEG Energy Holder Highfields Sees Bidding War After Husky Offer
(Bloomberg) Highfields Capital Management is in no rush to sell its MEG Energy Corp. stake, instead betting that a bidding war for the Calgary-based oil sands company could erupt amid a C$6.3 billion ($4.9 billion) hostile takeover attempt by Husky […]
Dan Loeb Demands Access to Records From Campbell Soup
(New York Post) Activist investor Daniel Loeb’s hedge fund Third Point LLC has demanded access to a trove of records from Campbell Soup Co., ranging from board meeting minutes to financial documents, as it ratchets up a campaign to replace […]