Monthly Archives: January 2017
The Elusive VIX Hedge
(Harvest) Last week I got an email solicitation about a mutual fund I had never heard of that seemed to have an interesting idea for a strategy. All advisors get inundated with these emails, I think what caught my eye […]
Is the US Credit Cycle Nearing Its End?
(Harvest) The US credit cycle is entering its ninth year. That doesn’t mean it will end tomorrow. But it will end—and possibly sooner than markets think. Fortunately, there are ways to de-risk and maintain exposure to high-income assets. To read […]
Inflation Comes Skulking Back
(Harvest) Like the proverbial frog that does not notice the rise in water temperature until it’s too late, investors seem to be experiencing a similarly stealthy rise in inflation. Changes in headline inflation measures suggest a gentle firming in prices. […]
Two Former Executives At Och-Ziff Capital Management Group Charged in Bribery Scheme
(HedgeCo.Net) The Securities and Exchange Commission today charged two former executives at Och-Ziff Capital Management Group with being the driving forces behind a far-reaching bribery scheme that violated the Foreign Corrupt Practices Act (FCPA).Och-Ziff and two other executives previously settled […]
SEC Uncovers Cherry-Picking Scheme, Charges Investment Adviser Behind It
(HedgeCo.Net) The Securities and Exchange Commission today announced that a Massachusetts-based investment adviser agreed to be banned from the securities industry after the agency uncovered an illegal cherry-picking scheme through its data analysis used to detect suspicious trading patterns. The […]
The Sectors Hedge Funds Are Most Bullish And Bearish On To Start 2017
(Benzenga) Keeping tabs on the stocks and sectors that hedge funds are buying and selling can provide solid guidence on where the smart money is headed. In order to get the answer to that question, Benzinga caught up with Lex […]
Investors Dig Hedge Funds. So Why Don’t Firms Start More?
(Bloomberg) Europe’s hedge fund industry may be facing a liquidity mismatch of a different kind.Investors in the region have been flocking to funds like Marshall Wace’s Liquid Alpha, a regulated hedge fund that increased assets almost 13-fold last year to […]
Kyle Bass Calls Trump ‘Gasoline’ on Smoldering Fire in China
(Bloomberg) Hedge fund manager Kyle Bass likened President Donald Trump’s trade and tax policies to gasoline — hastening an economic restructuring in China while stimulating capital investment and growth in the U.S. China has “recklessly built a system that’s going […]
World’s Biggest Wealth Fund Sits Out Liquidity Trap Others Fear
(Bloomberg) The world’s biggest sovereign wealth fund can afford to wait longer than you can. Trades made by Norway’s $890 billion Government Pension Fund Global can take an hour, or they can take as long as six months…. To read […]
Volatility in the Age of Trump
(Harvest) Many readers of our investor letters know that Trump’s victory was not a surprise to Artemis… as I observed with fascination how many of friends and family from my birth state of Michigan, most of whom voted for Obama […]
Dutch Regulator Accidentally Posts Soros’s Short Positions
(Bloomberg) Some of George Soros’s short positions dating back to 2012 were published on the Dutch financial market regulator’s website this week due to “human error,” according to the regulator AFM. The short positions, bets on a stock declining, were […]
Structured Portfolio Managers Alumni Form Nara Capital
(Reuters) A team of managers from fixed income hedge fund Structured Portfolio Managers are starting a new firm called Nara Capital Partners, co-founder Charles Smart said. Smart, who managed SPM’s Structured Servicing Holdings fund for the past six years, is […]