Monthly Archives: January 2017
Did Investors Miss the Boat on Hedge Funds in 2016?
(Harvest) For 2016, the hedge fund industry returned +5.34%, according to the just-released eVestment December and Year-End 2016 Hedge Fund Performance Report. This is a significant rebound following a -0.72% aggregate return in 2015, which set the stage for investors […]
Investment Adviser, Lawyer Settle Charges in Secret Referral Fee Scheme
(HedgeCo.Net) — The Securities and Exchange Commission today announced that a Connecticut-based investment adviser has agreed to admit wrongdoing and pay more than $575,000 to settle charges that he defrauded a client and then compounded his scheme by attempting to […]
Long-Short Hedge Funds Are Ditching the Shorts to Focus on Longs
(Bloomberg) What happens when you take the “short” out of a long-short trading strategy? Some hedge funds are about to find out. Equity long-short fund managers, the biggest category in hedge funds, hold the fewest bearish stock bets on record, […]
Quant Fund dormouse Slips -2.94% in December; Gains 13.98% For 2016
(FinAlternatives) Dr. Martin Coward’s quantitative investment manager dormouse suffered a rare stumble in December, losing -2.94% as the broader CTA segment remained under pressure. To read this article:
SEC Partly Rules for ‘Big Short’ Adviser but Orders Bigger Payment
(Reuters) The U.S. Securities and Exchange Commission has partially overturned a ruling finding an investment adviser featured in the best-seller “The Big Short” liable in a case stemming from the 2008-09 financial crisis, but it increased how much he owes. […]
Credit Hedge Fund Shorting China Junk Bonds as Risks Mount
(Bloomberg) Double Haven Capital (Hong Kong), a credit hedge-fund firm that profited last year as most of the industry struggled to make money, is betting against Chinese high-yield bonds as many investors are seeing risks mount in this part of […]
Rokos Hedge Fund Said to Gain 20% in First Full Year of Trading
(Bloomberg) Chris Rokos’s hedge fund gained about 20 percent in 2016, its first full year of trading, to become one of the world’s best performing money pools betting on economic trends, according to people with knowledge of the matter. About […]
Distressed Debt Hedge Funds Were Best Performing Strategy For 2016
(Valuewalk) Hedge funds gained 1.01% during the month of December, with 2016 returns coming in at 4.48%. Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) gained 2.38% in December with its 2016 returns coming in at […]
Goldman Makes Play for Quant Funds in Electronic Trading Reboot
(Bloomberg) Goldman Sachs Group Inc., once a skeptic of speed for its own sake in equity markets, is doubling down on automated trading. Long a leading destination for hedge funds where humans pick what to trade, Goldman Sachs hasn’t fared […]
Gundlach Reiterates ‘Trouble For Equities’ Should 10Y Yields Crest 3%
(FinAlternatives) DoubleLine’s Jeff Gundlach warned again Tuesday of “trouble for equity markets” should the yield on the benchmark 10-year U.S. Treasury note rise above 3%. To read this article:
SEC Charges Two Brokers With Defrauding Customers
(HedgeCo.Net) The Securities and Exchange Commission today charged two New York-based brokers with fraudulently using an in-and-out trading strategy that was unsuitable for customers in order to generate hefty commissions for themselves. The SEC’s complaint alleges that Gregory T. Dean […]
NYHFR: Alternative Investment Industry Weighs in on SWFs, Heightened Regulatory Environment
(FinAlternatives) The amount of assets under management by sovereign wealth funds will continue to rise, according to a recent survey of New York Hedge Fund Roundtable members, while the majority of members are more afraid of cyber security hacks than […]