Monthly Archives: January 2019
Volatility Hedge Funds Hit by Market Woes in All Directions
(Bloomberg) Some of the nimblest hedge-funds that trade volatility are hoping history doesn’t repeat after suffering their worst year in over a decade. Managers famed for posting steady profits from relative-value strategies, which shuffle between long- and short-volatility bets, lost […]
New research points to poor understanding of blockchain amongst senior business execs
(Hedgeweek) New research amongst institutional investors from the Global Blockchain Business Council (GBBC) reveals that 63 per cent believe senior executives at large established businesses have a poor understanding of blockchain. To read this article:
MGM Hands Board Seat to Activist Hedge Fund Corvex’s Meister
(Reuters) MGM Resorts International has struck a deal with hedge fund Corvex Management’s founder, Keith Meister, to give him a board seat, one week after a rival activist investor was seen building a position in the casino operator. Corvex owns […]
Hedge Fund Brokwel Management Sues Venezuela for $20m Loans Default
(Times Online) A secretive hedge fund is suing the Venezuelan government for allegedly defaulting on more than $20m (£15.5m) of loans. Brokwel Management, which gives its address as a skyscraper in Panama, has filed a High Court claim in London […]
China’s Economic Growth Slowest Since 1990 Amid Trade War with US
(The Guardian) China’s economy grew 6.6% in 2018, its slowest pace in almost 30 years, confirming a slowdown in the world’s second largest economy that could threaten global growth. After years of breakneck expansion, the world’s second largest economy is […]
European Shares Stumble After Weak Chinese GDP Data
(Reuters) European shares slipped on Monday from six-week highs after China’s fourth-quarter growth figures confirmed a slowdown in the world’s second-biggest economy with 2018 its weakest year since 1990. The pan-European STOXX 600 fell 0.3 percent by 0930 GMT and […]
Investors Punish Poorly Performing Hedge Funds by Pulling Billions
(Reuters) Hedge funds suffered their worst quarterly outflows in two years when investors pulled $23 billion from the industry during the last three months of 2018, new data released on Friday show. In total, investors asked for $34 billion back […]
Hedge Fund Can Give Olympus a Clearer Focus
(Bloomberg) Given its history of controversy, the camera and medical-device maker’s embrace of ValueAct is encouraging. Can you teach an old dog new tricks? Olympus Corp. investors appear willing to bet so. Shares of the camera and medical-device maker, which […]
BNY Mellon to Pay More Than $54 Million for Improper Handling of ADRs
(HedgeCo.Net) The Bank of New York Mellon will pay more than $54 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of a foreign company – require a […]
Hedge fund aggregate down 3.85% in 2018 but 8.6% of funds post double digit returns
(Opalesque) The Eurekahedge Hedge Fund Index was down 3.85% in 2018, after five consecutive months of losses. It ended the month of December down 1.31%. According to Eurekahedge Report, concerns over the US treasuries yield curve inversion and further Fed […]
Volatility driving new opportunities for certain hedge fund strategies
(Opalesque) After the lowest equity market volatility in 100 years, financial markets are undergoing a regime change to a new, higher volatility norm, helping generate trading opportunities for certain hedge fund strategies as the relationship among stocks, rates and credit […]
Barclay Hedge Fund Index down 2.61 per cent in December
(Hedgeweek) Hedge funds dipped 2.61 per cent in December, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The loss was less significant, however, than that of the S&P 500 Total Return Index, which dropped 9.03 per cent in […]