Monthly Archives: January 2017
Expect Hedge-Fund Returns to be More Honda than Rolls Royce, Point72 Says
(Bloomberg) Hedge funds will have to adapt to a more challenging market as investors respond to disappointing returns by demanding their fees back or pulling out altogether, according to Matthew Granade, chief market intelligence officer of Point72 Asset Management.No matter […]
This Hedge Fund Says China’s Next Big Short is Stocks
(Bloomberg) When Kevin Smith realized late last year that China was getting serious about defending its currency, his first move was to dial back bearish bets on the yuan. His second move: double down on wagers against Chinese stocks. Smith, […]
High-Speed Traders Are Taking Over Bitcoin
(Bloomberg) Zhou Shuoji is not a bitcoin believer. He says the cryptocurrency will never replace its traditional forebears, and he calls most of its proponents fanatics. But for Zhou, a 35-year-old high-speed trader in Beijing, bitcoin is also too good […]
5 Big Things to Know About The Bond Market in 2017
(Harvest) Welcome to 2017! It is time to take a look into the crystal ball and try to figure out what the bond market has in store for us this year. Here are the five big things you should keep […]
Where Will Markets Close When Trump Takes Office?
(Harvest) Wall Street has rallied throughout the end of last year edging closer to the 20,000 mark but not quite breaking through. Since the surprise win by President-elect Trump, investors are betting his economic proposals, which include massive corporate tax […]
The Case for Currency-Hedged Japanese Stocks
(Harvest) We see a strong case for Japanese stocks on a currency-hedged basis, as this week’s chart helps explain. We believe they should disproportionately benefit from global reflation, as well as a potential pickup in Japanese growth ahead. A weak […]
Investors Say no to GMOs?
(Harvest) The Wall Street Journal recapped the huge outflow in assets under management at Grantham Mayo Van Otterloo & Co (GMO) which probably best known for Co-Founder and CIO Jeremy Grantham and to a lesser extent commentaries by Ben Inker. […]
Citadel Securities Paying $22 Million for Misleading Clients About Pricing Trades
(HedgeCo.Net)— The Securities and Exchange Commission has announced that Citadel Securities LLC has agreed to pay $22.6 million to settle charges that its business unit handling retail customer orders from other brokerage firms made misleading statements to them about the […]
BNY Mellon Settles Charges Stemming From Miscalculations of Regulatory Capital Figures
(HedgeCo.Net) The Securities and Exchange Commission has announced that BNY Mellon has agreed to pay a $6.6 million penalty to settle charges stemming from miscalculations of its risk-based capital ratios and risk-weighted assets reported to investors. An SEC investigation found […]
Macro and CTAs outperform as the Dollar climbs higher, says Lyxor
(HedgeWeek) The last month of 2016 saw risk assets climbing higher, as part of expectations that the new US administration will remove barriers to growth and investment. To read this article:
An industry in crisis’: Hedge funds bleed $100 billion in 2016
(CNBC) Hedge funds saw their biggest loss of investor cash since the bull market in stocks began, even though the industry turned in its strongest performance in three years. In all, hedge fund clients pulled $106 billion, the biggest exodus […]
Oil Rig Count Slips, Hedge Funds Maintain Long Positions
(Yahoo Finance) In the week ended January 13, 2017, the number of rigs drilling for oil in the United States totaled 522, down by seven compared with the prior week and up seven compared with a total of 515 a […]