Monthly Archives: January 2017
SS&C GlobeOp Hedge Fund Performance Index Up 1.29% in December
(FinAlternatives) Hedge fund performance continued for the second straight month in December, according to new data from administrator SS&C GlobeOp, while asset flows were negatively impacted by seasonal factors. To read this article:
Upside For BlackRock In Trump’s U.S. Infrastructure Plans
(FinAlternatives) BlackRock CEO Larry Fink, whose firm has built a sizable presence in infrastructure-related investments, is optimistic about the potential for a $1 trillion infrastructure plan under incoming U.S. president Donald Trump’s administration. To read this article:
BofAML: Bond Fund Inflows Hit 3-Month High as Trump Trade Fades
(FinAlternatives) Bond funds saw almost $8 billion of inflows over the last week, according to new data from Bank of America Merrill Lynch, the biggest cash inflow in three months and the latest sign that the trades piled on after […]
China Sovereign Wealth Fund CIC Plans More U.S. Investments
(Reuters) China Investment Corporation (CIC), the country’s sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity […]
2016 Hedge Fund Industry Recap – H1
(Preqin) In this two-part series we take a look at issues that have impacted fund performance, headline investor news and how hedge fund assets have transformed over this period. January: The S&P 500 Index experienced its worst 10-day start to […]
Cohen’s Fund Returned a Measly 1% Last Year
(Bloomberg) Steve Cohen’s Point72 Asset Management returned about 1 percent in 2016, the second-worst annual performance ever for the billionaire investor, according to people familiar with the returns…. To read this article:
ITG Paying $24 Million for Improper Handling of ADRs
(HedgeCo.Net) The Securities and Exchange Commission today announced that broker ITG agreed to pay more than $24.4 million to settle charges that it violated federal securities laws when it prompted the issuance of American Depository Receipts (ADRs) without possessing the […]
x-Visium Trader Tells New York Jury How he Turned Whistleblower
(Reuters) A former trader at Visium Asset Management LP testified on Thursday about how he turned whistleblower and helped U.S. authorities investigate whether the value of the holdings of one of the firm’s hedge funds had been fraudulently inflated. Jason […]
AMP Capital Holds Final Close For $2.4B Infrastructure Platform
(FinAlternatives) Australian alternative investment manager AMP Capital has closed its global infrastructure platform with $2.4 billion in capital commitments from more than 50 institutional investors. To read this article:
Citadel Nears SEC Settlement Over Customer Orders
(Reuters) Citadel LLC has agreed to settle accusations by the U.S. Securities and Exchange Commission that its market-making arm misled customers about the routing of their stock orders, people familiar with the case told Reuters this week. SEC commissioners were […]
Icahn Hedge Fund Loses 20% of Its Value in 2016
(Barron’s) Billionaire Carl Icahn is coming off another poor investment year as a nearly $6 billion hedge fund that he oversees suffered a loss of 20.3% in 2016 after a decline of 18% in 2015, according to a disclosure in […]
Elliott Discloses 8.3 Pct Stake in Advisory Board
(Reuters) Elliott Associates LP, a unit of activist hedge fund Elliott Management Corp, disclosed an 8.3 percent stake in Advisory Board Co, saying the company’s stock was “significantly undervalued”.Shares of Advisory Board, which provides research and software tools as well […]