Monthly Archives: January 2016
Hedge Funds Get Reality Check From Iceland PM Bracing for Exit
(Bloomberg) Iceland’s prime minister expects hedge funds to pay their “fair share” as the country prepares to dismantle the final barriers to free capital flows.After releasing $17 billion in cash for creditors in its failed banks, the government is preparing […]
Here’s How The Best-performing Hedge Fund Of 2016 is Crushing it
(The Business Insider) A small group of hedge funds have been killing it amid the market chaos…Horseman Capital Management, the London-based hedge fund led by Russell Clark, is the best-performing hedge fund in 2016. Horseman Global, a $965 million fund […]
Hedge Fund Bets Signal There’s More Pain Ahead for Commodities
(Bloomberg) The commodity meltdown that pushed oil to a 12-year low and copper to the cheapest since 2009 isn’t over yet. At least, that’s how hedge funds see it. Money managers increased their combined net-bearish position across 18 raw materials […]
CFTC Obtains Almost $500 Million Award in a Madoff Feeder Case
(Bloomberg) A former Switzerland-based investment manager who put money into funds tied to Bernard Madoff’s fraud and blamed losses on the collapse of MF Global Holdings Ltd. is liable for almost $500 million in fines and restitution. To read this […]
Goldman Sachs to Shell Out $5B to End MBS Probes
(Law360.com) Goldman Sachs said Thursday it will pay $5.06 billion to end federal and state investigations in connection with the investment banking giant’s underwriting and sale of residential mortgage-backed securities from 2005 to 2007. To read this article:
Hedge Fund Octagon Returning Outside Money to Run Family Office
(Bloomberg) Octagon Capital Management Pte , a hedge-fund firm started by former Government of Singapore Investment Corp. executives, will return all client money in its two funds and convert to a family office, joining a rising number of managers going […]
Investors Snub Money Managers for Market Clones
(Wall Street Journal) More investors are losing faith in old-school money managers as financial markets sputter. Clients yanked $207.3 billion in 2015 from U.S.-based mutual funds that hand pick their positions while pouring $413.8 billion into funds that mimic broad […]
Hedge Fund Outflows in January Not As Bad As 2015
New York (HedgeCo.net) – After a tough year in 2015, the hedge fund industry was probably expecting outflows in January, but that is a seasonal trend any way. As investors rebalance portfolios and change their allocations, hedge funds usually see […]
Ex-Foundry Executive Loses U.S. Insider Trading Appeal
(Reuters) A U.S. appeals court on Thursday rejected the appeal of a former executive of Foundry Networks Inc who was sentenced to 6-1/2 years in prison after being convicted for leaking inside information about the company to a hedge fund […]
Correction On Yesterday’s Email
There was an error in yesterday’s email communication from HedgeCoVest, “Forget About the State of the Union, What About the State of Your Portfolio?” The returns quoted in the article reflected the performance of the eight models from July 1, […]
Chinese Regulator Asks Banks to Cut Wealth Management Yields
(Reuters) China’s banking regulator and main bond clearinghouse have asked commercial banks to reduce rates they offer on high-yielding wealth management products (WMPs), five sources told Reuters, an apparent back-pedalling on commitments to let markets price credit.The move to suppress […]
Institutional Demand Expected to Continue to Drive Flows into Hedge Funds in 2016
(Valuewalk.com) eVestment’s 2016 Hedge Fund Industry Outlook highlights data-driven predictions of hedge fund trends for the upcoming year. A few key points include: With interest in multi-strategy products as a key source of support, less drag from credit and event […]