Category Archives: Syndicated
Hedge funds start 2H 2018 on a positive note despite struggle for Asian mandates
(Hedgeweek) The Eurekahedge Hedge Fund Index gained 0.41 per cent during the month of July, kicking off the second half of the year on a positive note, despite trailing behind the MSCI AC World Index (Local) which rallied 2.59 per […]
Sears CEO’s hedge fund offers to buy Kenmore brand for $400 million
(Reuters) – A hedge fund owned by the chief executive of Sears Holdings Corp (SHLD.O), Edward Lampert, has offered to buy the company’s Kenmore appliances brand for $400 million in cash, Sears said in a regulatory filing on Tuesday. To […]
U.S. Hedge Funds Bet On Retail, Tech In Second-Quarter As Economy Sizzled
(Reuters) – Prominent hedge fund managers appeared to make big second-quarter bets that the U.S. economy would continue to expand despite increasing concerns about a broadening trade dispute between the United States and China, regulatory filings showed Tuesday. To read […]
Spotify’s $8 Billion Rally Is Attracting Loads of Hedge Funds
(Bloomberg) Spotify Technology SA, the music-streaming company that’s gained 47 percent since its April debut, attracted a number of prominent hedge funds in the second quarter. Philippe Laffont’s Coatue Management, George Soros’s Soros Fund Management and Louis Bacon’s Moore Capital […]
Ray Dalio’s Bridgewater Keeps Faith in Gold Despite Its Slide
(Bloomberg) Billionaire hedge-fund manager Ray Dalio kept his faith in the two biggest exchange-traded funds backed by gold, even as an investor exodus sent prices of the metal tumbling. As of June 30, Dalio’s Bridgewater Associates maintained its 3.9 million […]
Bitcoin Investing Is Creating Tax Predicaments for Hedge Funds
(Bloomberg) Dozens of hedge funds investing billions of dollars in cryptocurrencies don’t know if they’re calculating their taxes correctly, which may be a problem now that U.S. authorities have said they’re going to be scrutinizing virtual currencies. Just like individual […]
Musk Says He’s Tapped Goldman, Silver Lake on Tesla Buyout Plan
(Bloomberg) Elon Musk said he’s getting advice from Goldman Sachs Group Inc. and private-equity firm Silver Lake on taking Tesla Inc. private, as the billionaire drip feeds details of a potential deal valued at more than $70 billion. In a […]
Investors are coming back to hedge funds after a rough few years:
(Opalesque) In the week ending 10 August, 2018, a Credit Suisse survey showed that investors are coming back to hedge funds after a rough few years. Callan’s sixth annual survey has found that 43% of U.S. asset owners have incorporated […]
Opalesque Exclusive: Arca Funds aims to institutionalize tokens with new fund
(Opalesque) Los Angeles-based Arca Funds has launched with the goal of helping to institutionalize digital tokens and cryptocurrencies. Arca Funds is the work of Steven McClurg, a director at Guggenheim Partners; Rayne Steinberg, co-founder of Wisdom Tree and Jeff Dorman, […]
A $12 Billion Asset Manager Wants Out of the Hedge Fund ‘Fee Racket’
(Bloomberg) South African money manager Sygnia Ltd. closed all its hedge-fund products, ending a 13-year history with an investment strategy its chief executive officer now calls a ruse to pocket fees. To read this article:
CLOs Are the New Hedge Funds. Plan Accordingly.
(Bloomberg) A number of hedge fund firms have a hot product. It’s not their hedge funds. Och-Ziff Capital Management’s investors withdrew $418 million from its hedge funds in the second quarter. Total inflow of assets under management, however, were $1.2 […]
Barclay CTA Index up 0.21 per cent in July
(Hedgeweek) The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, indicates a 0.21 per cent gain in July. Year to date, the Index has lost 1.98 per cent. To read this article: