Monthly Archives: January 2017
Scaramucci, Hedge-Fund Show Impresario, Scores White House Role
(Bloomberg) Anthony Scaramucci, founder of SkyBridge Capital, has been named an assistant to President-elect Donald Trump, according to people familiar with the decision. Scaramucci will have a general advisory role in the White House, said the people who asked not […]
To List or Not to List? Manager IPOs Shown to Hurt Hedge Fund Returns
(IPE.com) Hedge funds run by listed companies underperform those run by privately owned firms, according to academic research. Listed firms gained $3.5m (€3.3m) more in revenue than privately owned companies and gained more assets under management, despite their under-performance… To […]
Will the Dow Jones Industrial Average break the 20,000 mark?
(Harvest) Since the surprise win by President-elect Trump, investors are betting his economic proposals, which include massive corporate tax cuts, infrastructure spending and financial and environmental deregulation, will spur higher levels of economic growth. But some market watchers are worried […]
Demand for Japan Hedge Funds Both Slow And Fast At the Same Time
(Opalesque) The demand for Japan hedge fund is both slow and fast at the same time, said Alex Kinmont, CEO of Milestone Asset Management. Speaking at the latest Opalesque Japan Roundtable, Kinmont pointed out that the big U.S. endowments have […]
Expecting Volatility in 2017? A Case for Diversifying
(Harvest) Optimism is surging. Consumer confidence recently hit levels not seen since 2001. Investor sentiment is also up, according to the fourth-quarter Wells Fargo/Gallup Investor and Retirement Optimism Index, which reached a nine-year high at +96, up from +79. The […]
Visium Jury Told Bond Trader Lied to Boost Fund’s Numbers
(Bloomberg) U.S. prosecutors said portfolio manager Stefan Lumiere cheated investors at Visium Asset Management LP by inflating the value of distressed-debt holdings in the hedge fund’s credit portfolio, as his securities’ fraud trial began Wednesday. “For years, Lumiere corrupted the […]
SEC Charges Government Contractor With Inadequate Controls and Books and Records Violations
(HedgeCo.Net) The Securities and Exchange Commission today announced that L3 Technologies Inc. (formerly known as L-3 Communications Holdings Inc.), a contractor for U.S. and various foreign government agencies, has agreed to pay a $1.6 million penalty to settle charges that […]
Trump Concerns Have Hedge Fund Investor Looking to China
(Bloomberg) As U.S. stocks rally on optimism Donald Trump’s presidency will be good for growth, hedge fund investor Ronnie Wu is looking on warily. Wu, who oversees $350 million at Penjing Asset Management Ltd. in Hong Kong, is concerned Trump’s […]
eVestment: Hedge Fund Aggregate Gains +5.34% in 2016 Despite Redemption Pressures
(FinAlternatives) All the major hedge fund segments tracked by eVestment ended 2016 in positive territory, driving the firm’s aggregate hedge fund metric to its best return since 2013 despite pervasive investor dissatisfaction that culled some $83 billion in redemptions from […]
Citco Launches Automated ILPA Fee Reporting Solution
(FinAlternatives) Global alternative assets services provider Citco has debuted a new automated system that will assist its private equity firm clients with various ILPA fee reporting requirements. To read this article:
A Wall Street startup backed by George Soros and Peter Thiel is in talks to do a big deal
(The Business Insider) Two Wall Street trading startups are in talks to combine forces.Electronifie, a bond-trading platform led by former Goldman Sachs trader Amar Kuchinad, is in exclusive talks to be acquired by TruMid, another trading startup backed by George […]
Client Disappointment in Hedge Funds Continues into 2017
(Investopedia) Although hedge fund returns are actually looking up (at least in comparison with the most recent years), firms and their management are nonetheless facing a growing client revolt. According to reporting by Bloomberg, hedge fund managers have continued to […]