Monthly Archives: March 2019
Asian Hedge Funds Will Drive Investor Demand in 2019
(Opalesque) Asian hedge funds, specifically China equity long short as well as distressed strategies, and distressed debt strategies will drive investor demand in 2019, revealed a survey. According to an annual survey of 425 allocators conducted by Deutsche Bank’s hedge […]
Hedge Fund Veteran Says $130 Billion Bond May Just Fix Venezuela
(Bloomberg) Venezuela watchers have floated plenty of ideas for fixing the economic and humanitarian crisis, from a bitcoin drop to an oil-for-food plan, but the idea of wrapping all the nation’s debt into one giant bond issuance is perhaps the […]
Hedge Funds Snap Back +4.55% after a Hard-Hearted 2018
(Opalesque) In the week ending March 15th 2019, a report revealed that the first two months of 2019 offered up the hedge funds industry’s best returns to start a year since 2012, when average returns were at +5.78% through February […]
Elliott Continues Push for EDP to Sell Brazil Stake
(Bloomberg) Elliott Management Corp. plans to continue pushing EDP-Energias de Portugal SA to sell its Brazilian assets, contending that’s the best way for the utility to unlock value for shareholders, according to people familiar with the matter. EDP announced last […]
Now Morgan Stanley’s European Cap Intro Head Left for a Hedge Fund
(eFinancial Careers) With 2018 bonuses banked, it seems various people have decided now is the time to leave banking for a hedge fund. It’s not just Goldman Sachs that’s losing staff to the buy-side Morgan Stanley insiders say that Barbara […]
Man Group CIO Says Managers Are Being Led ‘Kicking and Screaming’ into Quant Era
(Bloomberg) The asset management industry is “kicking and screaming” as it’s forced to adapt to quantitative trading, while managers who ignore it face irrelevance, said Sandy Rattray, chief investment officer at Man Group Plc. Rattray, speaking at the AI and […]
How Hedge Funds Gamed Brexit to Make Millions
(Bloomberg) On the night of the Brexit referendum the British pound went into free fall, but while many watched with horror, a handful of hedge funds were making staggering profits. This is the story of the Brexit Big Short. To […]
Glory Days to Job Cuts: Deutsche Bank-Commerzbank over 150 Years
(Bloomberg) Deutsche Bank AG and Commerzbank AG said they’re officially starting talks on a deal that could combine the two largest publicly-traded — and most storied — banks in Germany. The lenders — both based in Frankfurt and 150 next […]
Hedge Funds Push Interserve into Administration Leaving 16,500 Small Shareholders with Nothing
(The Daily Mail) Two foreign hedge funds pushed Interserve into administration – and left 16,500 small shareholders with nothing.In a humiliating blow to the Government contractor’s chief executive Debbie White and chairman Glyn Barker, investors rejected a rescue package that […]
SEC Halts $25-Million Ponzi Scheme Targeting Investors
(HedgeCo.Net) Fraud charges have been filed along with an asset freeze against the operators of a $25 million Ponzi scheme falsely promising high annual returns with minimal to no risk to investors in the Vietnamese community of Orange County, California. […]
CTAs are on the mend, says Lyxor
(Hedgeweek) After a dismal performance and significant outflows in 2018, trend following strategies are on the mend, according to the latest Weekly brief from Lyxor’s Cross Asset Research team. To read this article:
Emerging market equities & emerging market debt finished Q4 in better shape than expected,
(Hedgeweek) Emerging market equities (EME) suffered heavy losses during 2018, however, they finished the year more strongly in relative terms, sustaining a 7.5 per cent loss of value during Q4, compared with a 13.5 per cent slide for the S&P500 […]