Monthly Archives: January 2017
China Gives ‘Hedge Fund Brother No.1’ 5 1/2 Years in Prison
(Bloomberg) China sentenced former hedge fund manager Xu Xiang to five-and-a-half years imprisonment for market manipulation, in one of the most high-profile cases following the 2015 market rout, a court in the eastern city of Qingdao said in its official […]
SEC Establishes Supervisory Cooperation Arrangement With Hong Kong SFC
(HedgeCo.Net) The Securities and Exchange Commission today announced that it has established a comprehensive arrangement with the Hong Kong Securities and Futures Commission (SFC) as part of the SEC’s long-term strategy to enhance the oversight of regulated entities that operate […]
Maverick’s Ainslie Prepping For Greater Volatility Under Trump
(FinAlternatives) President Donald Trump’s policies and his penchant for unorthodox communications could result in greater uncertainty in equity markets and usher in an era of greater volatility, according to Maverick Capital CEO Lee Ainslie. To read this article:
BlackRock Taps Ex-U.K. Finance Minister Osborne For Advisory Role
(FinAlternatives) Global asset manager BlackRock has named former United Kingdom Chancellor of the Exchequer George Osborne as a senior adviser to its BlackRock Investment institute, a think tank for global investment and economic strategy. To read this article:
Leveraged Loans Heat Up As Investors Flock To Floating-Rate Assets
(FinAlternatives) Companies in the $875 billion leveraged loan market are taking advantage of huge investor demand for floating-rate assets in order to cut pricing on existing debt, striking while the iron is hot to slash their borrowing costs. To read […]
Secretive Hedge Fund Renaissance Picks Winner in Hot Japanese Tech Stock
(Bloomberg) V Technology Co., a small Japanese supplier to display makers, added a surprising new shareholder last June: Renaissance Technologies. For the secretive U.S. hedge fund started by Jim Simons, it turned out to be an especially savvy bet. Shares […]
Beware the Hedge-Fund Wipeout in Treasuries as Bearish Bets Soar
(Bloomberg) There’s a big showdown looming in the U.S. Treasury market. The “fast money,” made up of hedge funds and other speculators, upped its bearish bets like never before this month, based on futures data for five-year notes. At the […]
Goldman Rejects Indonesian Businessman’s $1.1 Billion Claim
(Reuters) Goldman Sachs has rejected allegations by an Indonesian businessman who is seeking $1.1 billion in damages from the U.S. bank for making what he called “unlawful” trades in the shares of a property firm… To read this article:
Hedges See Record High Assets, Value Strategies Beating Growth Funds
(Guru Focus) For the first time in years, value-oriented hedge funds are notching results higher than those of growth funds. As return results for 2016 roll in, several prominent funds have reported market-beating gains, but data from Hedge Fund Research […]
This Hedge Fund Bought $3 Billion of ABB Ltd Stock: Should You, Too?
(Fox Business) According to SEC filings, Swedish activist hedge fund Cevian Capital held more than 132 million shares of ABB Ltd. (NYSE: ABB) in September, worth around $3 billion at today’s pricing. That’s 6.2% of the of the utility, industrial […]
Ken Griffin’s $26 Billion Firm Has Made a Hire From a Struggling Hedge Fund
(The Business Insider) A struggling hedge fund has lost a portfolio manager to Ken Griffin’s $26 billion Citadel. The portfolio manager, Jennifer Pollak, is moving from Folger Hill Asset Management to a Citadel stock-picking unit, Aptigon Capital… To read this […]
2017 – Living in a Bimodal World
(Harvest) Most investors like to think of financial market risks as measured through a normal distribution. In reality, we know that it is not the case. However, how we incorporate and discuss fat-tails is not always clear. One thing that […]