Monthly Archives: January 2018
Cyprus Company Sues Ex-Trump Campaign Manager Manafort For Fraud
(Reuters) U.S. President Donald Trump’s former campaign manager Paul Manafort faced a new legal headache on Wednesday after a Cyprus-based company tied to a Russian oligarch sued him and his business partner Richard Gates over allegations they committed financial fraud […]
Hedge Funds Round Up 2017 in Positive Territory, Up 8.24%
(Opalesque) Opalesque Industry Update: Hedge funds closed the final month of 2017 in positive territory with the Eurekahedge Hedge Fund Index up 0.84% in December while the MSCI World Index finished the month up 1.19%. For 2017 as a whole, […]
Index Of “Undiscovered” Hedge Fund Managers Up 18.5% Gross In 2017
(Opalesque) FundSeeder Technologies, whose platform tracks thousands of independent traders, has published statistics that show smaller traders, or so-called “emerging managers,” can dramatically outperform established hedge fund managers. According to data recently made available by FundSeeder, as of the end […]
Hedge Fund Sees Juice in Greek Rally as Yields Hit 2006 Low
(Bloomberg) One of Western Europe’s most dramatic bond-convergence trades this decade — Greece over Germany — looks like it will reward investors yet again in 2018. London hedge fund Algebris Investments is among those betting economic momentum will take the […]
One of John Paulson’s Hedge Funds Crashed 70% Over the Last Four Years
(Bloomberg) One of John Paulson’s hedge funds has plunged about 70 percent over the past four years, marking a dire stretch for the billionaire plagued with investor redemptions. The Paulson Partners Enhanced fund, which uses borrowed money to double down […]
Company Halts ICO After SEC Raises Registration Concerns
(HedgeCo.Net) A California-based company selling digital tokens to investors to raise capital for its blockchain-based food review service halted its initial coin offering (ICO) after being contacted by the Securities and Exchange Commission, and agreed to an order in which […]
Massachusetts Hedge Fund Manager Pleads Guilty to Fraud
(Reuters) A Massachusetts hedge fund manager pleaded guilty on Tuesday after prosecutors accused him of misusing millions of dollars from investors to pay for lavish personal expenses like a sports car and to engage in a Ponzi-like scheme. Yasuna Murakami, […]
Hedge funds still favouring bottom-up strategies, says Lyxor
(Hedgeweek) During the first week of 2018, Event Driven and diversified L/S Equity hedge funds outperformed, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team. To read this article:
One of John Paulson’s Hedge Funds Crashed 70% Over the Last Four Years
(Bloomberg) One of John Paulson’s hedge funds has plunged about 70 percent over the past four years, marking a dire stretch for the billionaire plagued with investor redemptions. The Paulson Partners Enhanced fund, which uses borrowed money to double down […]
Man Group Says Emerging-Market Bond Values Don’t Make Sense
(Bloomberg) The world’s largest publicly traded hedge fund is turning wary on emerging-market dollar bonds after the securities rallied the most since the global financial crisis. Investors have plunged into riskier assets in their hunt for yield, and now face […]
Hedge Fund Verrazzano to Return Money in Family-Office Shift
(Bloomberg) Hedge fund Verrazzano Capital is returning cash to external investors as Chief Executive Officer Guillaume Rambourg turns the Paris-based asset manager into a family office. “The funds are at their absolute peak performance,” Rambourg wrote in a statement to […]
The World’s Best Female Poker Player Joins the World’s Biggest Hedge Fund
(Bloomberg) Vanessa Selbst, the most successful woman ever in tournament poker, is working at Bridgewater Associates to learn another big-money grind: hedge funds. Selbst, who won $11.9 million in prizes over 12 years in the card game, joined the world’s […]