Monthly Archives: January 2016
Harmonic Capital Co-Founders to Leave $1.9 Billion Macro Hedge Fund
(Reuters) The founding partners of London-based $1.9 billion hedge fund firm Harmonic Capital Partners are set to leave in July, a spokeswoman at the firm told Reuters.Co-founders David Pendlebury and Richard Conyers set up Harmonic in 2002 after leaving rival […]
US ‘Hedge Fund King’ Banned By Regulators
(SKY News) Securities regulators in the US have banned hedge fund manager Steve Cohen from managing other people’s money until 2018. Picasso-collector Cohen, who is believed to be worth over £8bn, has entered a deal with the Securities and Exchange […]
Hedge Funds’ Record Bearish Grain Bet Spurs Ideas of Price Bounce
(Agrimoney.com) Hedge funds started 2016 by taking their most bearish position ever on grains – provoking ideas of a wave of covering of short positions which would leave many speculators facing early-year losses.Managed money, a proxy for speculators, lifted its […]
UK Regulator in Spotlight as Insider Trading Case Begins
(Financial Times) Five defendants will appear in the dock on Monday morning to face insider-trading charges in what is the UK’s largest and most complex case of its kind. It has taken more than eight years to get to this […]
Hedge Funds Greet 2016 by Cutting Bullish Oil Bets to 5-Year Low
(Bloomberg) Money managers began the new year by reducing wagers on rising oil prices to the lowest level in more than five years. Oil tumbled in the first days of 2016 as a global glut outweighed an increase in tension […]
Goldman Issues Outlooks for Stocks, Hedge Funds, High-Yield Debt
New York (HedgeCo.net) – Investment strategists at Goldman Sachs that advise the bank’s wealthiest individual clients issued outlooks for stocks, hedge funds and high-yield debt in their 2016 outlook report and their expectations might surprise you. Bloomberg recently published an […]
Chinese Hedge Funds Face Forced Sales as Top Manager Plans Exit
(Bloomberg) Hedge funds in China are facing forced sales of stock holdings as the market plunge triggers a mandatory liquidation of assets.The manager of a Chinese hedge fund that returned a surprising 86 percent during last year’s stock rout, Xinhong […]
These Three Trading Themes Dominated 2015: What’s Big In 2016?
(Benzinga) The year 2015 saw three major themes dominate: 1) Falling Commodity and Forex Prices, 2) China, Europe and Emerging Markets Slowdown and 3) Fed Rate Hike. No. 1 Falling Commodity And Forex Prices The year started with extreme volatility […]
Former LTCM Managers Start Firm to Tap China Hedge-Fund Demand
(Bloomberg) Former Long-Term Capital Management executives have started a firm that will connect Chinese investors with international hedge funds, as turmoil in the world’s second-largest equities market spurs demand for overseas assets. John Meriwether is an early financial backer of […]
Ackman’s Pershing Square Holdings Ends 2015 Down 20.5 Percent
(Reuters)Billionaire investor William Ackman’s Pershing Square Holdings hedge fund ended 2015 with a 20.5 percent loss after Valeant Pharmaceuticals, a top holding, has battered in the second half of the year. The fund, one of several portfolios run by the […]
Hedge Funds Lose Millions As Argos Owner’s Shares Rise 41%
(The Guardian) A collection of hedge funds have lost more than £30m in a single afternoon after shares in Home Retail Group, the owner of Argos and Homebase, rose on the news that Sainsbury’s had made a takeover approach. Hedge […]
Goldman’s Petershill Buys 10% Stake in Hedge-Fund Firm Fort Management
(Wall Street Journal) A private-equity fund run by Goldman Sachs Group Inc. has purchased a 10% stake in a Maryland hedge-fund firm that uses computer-driven, automatic trading strategies to wager on trends. The minority share in the $1.6 billion Fort […]