Monthly Archives: May 2016
Who Are the Most Innovative Companies in Fintech?
(HedgeCo.Net) Final preparations are underway for tonight Benzinga Fintech Awards banquet at Tribeca 360 in New York City. Over 223 companies across the United States entered the competition including last years national first place winner HedgeCoVest. 131 finalist have been […]
The Hedge Fund That Couldn’t Stay Open Long Enough for a Big Payday
(Bloomberg) Toby Dodson waited six months for his bet against a fragile Portuguese bank to pay off. But before the reckoning, word came down from his hedge fund bosses at Achievement Asset Management in Chicago: get ready to clear out […]
Hedge Fund TCI Says First-Quarter Performance Flat as VW, Porsche Drag
(Reuters) Activist hedge fund TCI, which has called for rapid reforms at Volkswagen, said the German carmaker and its Porsche unit were the biggest drags on the fund’s flat first quarter performance, according to an investor letter. Billionaire Chris Hohn’s […]
California’s Hedge Funds fall Again; Continue to undperform East Coast Funds
(Hedgetracker) The latest list of the Top California Hedge Funds has been released, revealing that the list’s assets fell for the second consecutive quarter. California funds saw their assets decrease by -1.2% quarter-over-quarter, as compared to their East Coast brethren, […]
Calamos Urges Hedged-Equity Exposure for Retail Investors
(Daily Alts) Calamos Urges Hedged-Equity Exposure for Retail InvestorsEquity volatility has been increasing along with correlations among U.S., international, and emerging-market stocks. With interest rates low and expected to slowly edge higher, bonds may be less attractive as a counterweight […]
Jefferies Swings Axe on Equities Trading Desk
(HITC Business) Jefferies Group has eliminated 17 positions on its equities trading desk last week after revenue fell in the first quarter….Bloomberg News reports that the positions, which represent about 2% of total equities division jobs, were part of a […]
Man Group and American Beacon Launch New Emerging Debt Fund
(Opalesque) Opalesque Industry Update – American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund (Institutional Class: GLGIX, Investor Class: GLGPX) today. The Fund became effective May […]
Tudor Cuts Fees on Biggest Fund to Keep Investors on Board
(Bloomberg) Tudor Investment Corp., one of the oldest and most expensive hedge funds, is trimming fees as the finance industry’s highest-paid money managers face a growing backlash over their lackluster performance. The $11.6 billion firm, run by billionaire Paul Tudor […]
Man’s Osses Managing Emerging-Market Fund With American Beacon
(Bloomberg) Guillermo Osses, who joined Man Group Plc., the world’s largest publicly traded hedge fund firm, in January, is managing a new emerging-market fund with American Beacon Advisors Inc. The fund invests in currencies, local interest-rate market and foreign-currency debt […]
Hedge Fund Hutchin Hill Hires Former Third Point TMT Specialist
(Reuters) Hedge fund Hutchin Hill Capital LP is hiring industry veteran Tim Lash as a portfolio manager to oversee U.S. technology, media, and telecom investments, a source familiar with the firm’s plans said on Monday. Lash comes to Neil Chriss’ […]
A Rare Look At How Insider Trading Works
(CBS News) Roomy Khan helped the government bring down one of the world’s largest hedge funds – the Galleon Group – and send its billionaire cofounder, Raj Rajaratnam, to prison. Roomy Khan’s story reveals how she got involved in insider […]
Nontraditional Bond Funds: The Best and Worst of April
(Daily ALts) Nontraditional Bond Funds The Best and Worst of AprilNontraditional bond mutual funds and ETFs posted a second straight month of gains in April, with the average fund returning +1.39% on the heels of March’s 1.69% gains. For the […]