Monthly Archives: May 2016
Bonuses for Traders, Hedge Fund Managers Seen Falling in ‘16
(Bloomberg) Bonus pools could decline by as much as 20 percent for some Wall Street workers this year, with incentive pay falling at almost every type of financial-services firm, according to compensation consultant Johnson Associates Inc. The sharpest drop probably […]
Volkswagen Tells Hedge Fund TCI it Welcomes Investor Dialogue
(Reuters) Volkswagen (VOWG_p.DE) senior managers agree with many of the criticisms made by British hedge fund TCI about the performance of Europe’s largest carmaker, according to a letter seen by Reuters. In a letter sent by Volkswagen Chief Financial Officer […]
Option Writing Funds: The Best and Worst of April
(Daily Alts) Option Writing Funds The Best and Worst of AprilApril 2016 marked the first month Morningstar began covering option writing funds as their own category. These funds generate income primarily by selling calls and/or puts, which are option contracts […]
Hedge Fund Titan Griffin Strikes Back in Battle Over High-Speed Traders
(The Street) “IEX is portraying itself as a firm that levels the playing field against fast-trading firms,” Griffin said at the annual SALT hedge fund conference. “But what is interesting is the way the market structure works is that the […]
A Hedge Fund Manager You’ve Never Heard Of Made $300 Million Last Year
(The Business Insider) Joseph Edelman, whose Perceptive Life Sciences Fund was a top performer last year, joined the rich list after earning $300 million in 2015….Perceptive ranked as one of the five best-performing hedge funds as of December last year, […]
Soros Fund Management doubles bet against S&P 500, turns bullish on gold
(HITC Business) Soros Fund Management, the asset management company founded by U.S. billionaire George Soros , doubled its bet against the S&P 500 stock index and turned upbeat on gold, its filing to the U.S. Securities and Exchange Commission showed […]
Schonfeld Commits $100 Million to Tech Hedge Fund Launch
(Reuters) Trading magnate Steven Schonfeld is backing a new hedge fund firm with at least $100 million, according to two people familiar with the situation. Schonfeld Strategic Advisors, which mostly manages Schonfeld’s personal fortune, is set to partner with Lucha […]
Asia Drains Hedge Fund Brains
(Bloomberg) So the hedge fund that used to employ you in London or New York closed? Consider moving to Singapore or Hong Kong, where taxes are low, wealth is growing and money management can still afford to hire the best […]
(FINRA) may require brokers and dealers to report Treasury cash market transactions to a centralized repository.
(HedgeCo.Net) New efforts are underway to enhance the monitoring and reporting of Treasury cash market transactions.The U.S. Department of the Treasury and the Securities and Exchange Commission today announced that they are working together to explore efficient and effective means […]
Rise of The Billionaire Robots: How Algorithms Have Redefined Hedge Funds
(The Guardian) On Wall Street, you eat what you kill. And boy, can they eat. According to a just-published annual survey by Institutional Investor’s Alpha magazine, the 25 best-paid hedge fund honchos pocketed $13bn in 2015, a sum that exceeds […]
This $5.5 Billion Hedge Fund Doesn’t Care About Political Risk
(Bloomberg) Swedish hedge fund Informed Portfolio Management is disregarding risks from a potential Brexit and political turmoil from Brazil to South Africa. The manager of a total $5.5 billion says its $2.1 billion Systematic Macro fund’s approach of looking at […]
Billionaire Soros Cuts U.S. Stocks by 37%, Buys Gold Miner
(Bloomberg) Billionaire George Soros cut his firm’s investments in U.S. stocks by more than a third in the first quarter and bought a $264 million stake in the world’s biggest bullion producer Barrick Gold Corp. The value of Soros Fund […]