Monthly Archives: January 2016
Ackman and Einhorn Both Divulge 20% Losses for the Year
New York (HedgeCo.net) – 2015 is in the rearview mirror now and for two of the hedge fund industry’s more prominent names, that view is a welcome sight. Bill Ackman and his fund Pershing Square and David Einhorn and his […]
China Regulators Flood Markets with Cash
(CNBC) Chinese authorities Tuesday flooded the banking system with the largest cash injection since September, likely helping soothe equity markets a day after a stock rout that rocked global financial markets. The People’s Bank ofChina (PBOC) injected 130 billion yuan […]
Four Reasons Hedge Fund Closures Are Going To Hit ‘An All-Time High’
(The Business Insider) According to Don Steinbrugge, a managing partner of the Richmond, Virginia-based Agecroft Partners, a marketing and consulting firm for the hedge fund industry, the hedge fund closings will be driven by four key factors:1. The increase in […]
KYLE BASS: There’s a ‘massive opportunity’ in energy
(Business Insider) Texan hedge fund manager J. Kyle Bass, founder of the $1.6 billion Dallas-based Hayman Capital, says there’s a “massive opportunity in energy.”Like many investors last year, Bass had been predicting a rebound in oil prices in 2015. That […]
Hedge Funds Are Shuttered as Investors Go With Europe’s Big Guns
(Bloomberg) For smaller hedge funds and startups, Europe wasn’t the place to be in 2015 as mounting costs and shrinking fees prompted the industry to contract in the region for the first time in at least 15 years.While money flowed […]
Hedge Funds May Be Challenging Riksbank on Krona, SEB Says
(Bloomberg) Hedge funds may be gearing up to place bets against the Swedish central bank’s efforts to halt gains in the krona, according to SEB AB. It must be “a concern” that the krona has only weakened to about 9.21 […]
Hedge Fund Views Cheap Carlyle Stock A ‘No-Brainer’ Bargain
(Reuters) A little-known hedge fund has emerged as Carlyle Group biggest outside shareholder after seizing on a sell-off of the U.S. private equity firm’s stock as a “no-brainer” buying opportunity. New York-based Okumus Fund Management Ltd is so convinced that […]
Industry Consultant Sees More Hedge Fund Closures in 2016
New York (HedgeCo.net) – Hedge fund industry marketing and consulting firm Agecroft Partners issued its sixth annual list of trends in the industry and the biggest trend was more closures in 2016. Managing partner Don Steinbrugge put together the list […]
For Only Third Time, Barry Rosenstein’s Jana Partners Reports Annual Loss
New York (HedgeCo.net) – Jana Partners, the hedge fund firm run by billionaire investor Barry Rosenstein, reported their 2015 performance yesterday and for only the third time since launching, the firm reported a loss for the year. After gaining 1.o% […]
Hedge Funds Enter 2016 Facing Same Scrutiny As One Year Ago
New York (HedgeCo.net) – In a year when hardly any asset class experienced decent gains, the hedge fund industry lagged the overall stock market again and now the industry is once again facing scrutiny on whether they can produce the […]
China Halts Stock Trading After 7% Rout Triggers Circuit Breaker
(Bloomberg)The worst-ever start to a year for Chinese shares triggered a trading halt in more than $7 trillion of equities, futures and options, putting the nation’s new market circuit breakers to the test on their first day. Trading was halted […]
The Hot New Hedge Fund Strategy (Hint: Stop Being A ‘Hedge Fund’)
(The Business Insider) There has been a rush of hedge funds suddenly converting to so-called family offices in the past few months. A family office manages only the money of the hedge fund manager, his or her family members, and […]