Monthly Archives: May 2018

(Bloomberg) Tiger Global Management is purring all the way to the bank after Walmart Inc.’s Flipkart deal. The firm has made about $3 billion after investing $1 billion in Flipkart Group, according to a person familiar with the matter, who […]

(Bloomberg) After a three-week rally that erased the dollar’s 2018 losses, greenback bulls face a test Thursday in the latest read on U.S. inflation. Millennium Global Investments doesn’t expect them to be disappointed. That’s the view of Richard Benson, head […]

(Bloomberg) One of my biggest criticisms of the hedge-fund industry has been the mismatch between fund performance and management fees. A traditional fee structure of “2 and 20” (a 2 percent management fee plus 20 percent of any gains) is […]

(Bloomberg) Investors are failing to ask fund managers about sexual misconduct claims and discovering such evidence wouldn’t necessarily deter them from committing capital to firms, an industry group found. In its first survey focusing on #MeToo risk in the fund […]

(Harvest) Bond supply is plummeting, but so is demand. And rates are rising. Where are the silver linings? After its worst first-quarter in 22 years, the municipal bond market extended its losses in April, with yields continuing to climb. Market […]

(Harvest) The performance of actively managed funds relative to passively managed funds has been shown to be cyclical, with recent signs indicating conditions may be ripe for the cycle to favor active managers, creating an environment for active to potentially […]

(HITC Business) Reuters reports that Deutsche Bank does not plan to cut its U.S. workforce by about 20%, denying a media report. The bank was expected to cut about 1,000 jobs, or 10% of its staff in the United States, […]

(Bloomberg) One of my biggest criticisms of the hedge-fund industry has been the mismatch between fund performance and management fees. To read this article:

(Bloomberg) Bridgewater Associates, the hedge fund firm led by billionaire Ray Dalio, is outperforming peers this year even after losing money in April, according to a person with knowledge of the matter. To read this article:

(Bloomberg) Embattled hedge fund Visium Asset Management will pay more than $10 million to settle a U.S. regulator’s allegations that it illegally profited from former traders’ misconduct, likely closing a sweeping investigation that led to criminal charges against individuals and […]