Monthly Archives: January 2016
SEC: Equinox Fund Management Overcharged Investors, Must Repay $6 Million
(Barron’s) Denver-based managed futures specialist Equinox Fund Management must repay investors about $6 million to settle an investigation that found it overcharged investors and deviated from its valuation methodology for derivatives, the Securities and Exchange Commission said on Monday.Equinox has […]
EU Further Delays Vetting of Hedge Fund Rules
(Reuters) A large chunk of the world’s hedge fund sector faces further uncertainty after the European Union extended a deadline for deciding if non-EU firms can continue marketing themselves in the 28-country bloc.A new EU law requires the EU’s European […]
Caution, teamwork trumped bravado for some hedge funds in 2015
(Reuters) In a disappointing year for hedge funds, a few big winners shared a perhaps surprising trait: actually hedging.Funds who placed a broad array of bets produced some of the strongest gains, beating star managers like Bill Ackman, David Einhorn […]
Hedge Fund That Called Subprime Crisis Urges 50% Yuan Drop
(Bloomberg) Mark Hart, the hedge fund manager whose bets against U.S. subprime mortgages and European sovereign debt proved prescient, said China should weaken its currency by more than 50 percent this year.A one-off devaluation would allow policy makers to “draw […]
China Could Be Considering A Ban On Hedge Funds
(ValueWalk.Com) The China Securities Regulatory Commission and the People’s Bank of China have introduced a wave of measures to try and revive China’s fledgling financial markets over the past year. The CSRC has sought to limit stock index futures trading, […]
It’s a Correction, Not a Recession
(Harvest) It’s a correction, not a recession. To read this article:
Ex-Goldman Macro Trader Lim Reopens $1.1 Billion Hedge Fund
(Bloomberg) Guard Capital Management, the Hong Kong-based firm led by former Goldman Sachs Group Inc. trader Leland Lim, reopened its macro hedge fund to new investors this month after outperforming peers in 2015, said a person with knowledge of the […]
Morgan Stanley Just Made a Big Change ? And It Says Something About The Future Of Trading
(The Business Insider) Morgan Stanley has shaken up its trading business. The bank has put Sam Kellie-Smith, who used to run global equity trading, in charge of fixed income and commodities. One way to read this? In appointing a stocks […]
Oil Speculators Raise Bets on Falling Prices to All-Time High
(Bloomberg) Hedge funds increased bearish oil wagers to a record as global equities fell and Iran was poised to add to the crude supply glut.Oil dropped below $30 a barrel in New York for the first time in 12 years […]
Credit Suisse Index Not Down As Much As Others
New York (HedgeCo.net) – The December results for the Credit Suisse Hedge Fund index were released last week and the 2015 numbers for the index weren’t down as much as some other hedge fund indices. For the month of December, […]
This Giant Hedge Fund Bought More of its ‘Biggest Loser’
(The Business Insider) Viking Global, the $30 billion plus hedge fund led by Andreas Halvorsen, bought more Valeant Pharmaceuticals stock in the fourth quarter even after it dragged down the fund’s performance. Viking Global Equities had a strong 2015 overall, […]
Managing the Machine: How Hedge Fund Managers Can Monitor and Review Their Automated Trading Strategies
(Hedge Fund Law Report) Although many hedge fund managers and other firms using automated trading (AT) strategies have relied on generic policies to comply with applicable regulations, with the advent of initiatives such as the CFTC’s Notice of Proposed Rulemaking […]