Monthly Archives: May 2016
Long/Short Equity Funds: The Best and Worst of April
(Daily Alts) Long-Short Equity Funds The Best and Worst of April Long/short equity mutual funds and ETFs returned an average of -0.11% in April, retreating a month after posting gains of 2.76% in March. The long-only S&P 500 Index, by […]
Hedge Fund manager David Einhorn reveals a bet on a ‘five star’ stock
(Yahoo Finance) David Einhorn, The closely-followed hedge fund manager and founder of Greenlight Capital disclosed a new position in Yelp’s stock, and the shares are already trading higher. “We purchased Yelp (YELP) at an average price of $21.16. YELP is […]
New proposal would shield failed banks from hedge funds in future crisis
(Reuters) Big U.S. banks would have greater protection from hedge funds in a future financial crisis under a Federal Reserve proposal released on Tuesday to require that some investors wait 48 hours before cutting ties with failing lenders. The two-day […]
New Concerns Raised Over Hedge Fund Crowding
(Reuters) Billionaire investor Steven Cohen said that too many hedge funds placing the same types of bets contributed to sharp losses for his $11 billion Point72 Asset Management earlier this year. “One of my biggest worries is that there are […]
A Bipartisan Problem for Private Funds: How Revised Regulations Facilitate IRS Audits of Partnerships
(Hedge Fund Law Report) The Bipartisan Budget Act of 2015 (2015 Budget Act) repealed the long-standing “TEFRA” (Tax Equity and Fiscal Responsibility Act of 1982) rules, small partnership exception and electing large partnership rules. In their place, the 2015 Budget […]
Fed Plan to Avoid Another Lehman Targets Hedges and Big Bank Customers
(Bloomberg) Hedge funds, insurers and other companies that do business with Wall Street megabanks are poised to pay a price for regulators’ efforts to make sure any future collapse of a giant lender doesn’t tank the entire financial system. The […]
Och-Ziff Sets Aside $200 Million for Settlement Amid Talks
(Bloomberg) Och-Ziff Capital Management Group LLC, the hedge fund firm run by Daniel Och, reported an unexpected first-quarter loss as it set aside $200 million for a legal settlement that it’s now discussing with U.S. authorities. The firm had a […]
Cohen’s Point72 Starts Venture Unit to Fund Financial Technology
(Bloomberg) Billionaire Steven Cohen’s investment firm is starting a venture capital unit to fund and help develop financial technology for asset managers. Cohen’s firm, Point72 Asset Management, set up the new investment vehicle in March under the name Point72 Ventures, […]
Multi-strategy and CTA funds continue to gain popularity and net inflows.
(HedgeCo.Net) The interest in multi-strategy and CTA funds continues to grow in the hedge fund industry. While the hedge fund industry in total recorded near record outflows in Q1, multi-strategy funds and CTAs were the only strategies to document net […]
Top Investors Join Buffett Slamming Hedge Fund Fees at Milken
(Bloomberg) Top investors took hedge fund fees to task at the Milken conference Monday, with participants saying managers return too little and face a wave of closures. Chris Ailman, CIO for the $187 billion California State Teachers’ Retirement System, told […]
Principal Launches Multi-Manager Long/Short Fund
(Daily Alts) Principal Launches Multi-Manager Long Short FundThe company formerly known as Principal Financial Group has a new name and a new logo. Now known simply as “Principal,” the firm may have slimmed down its moniker and updated its logo, […]
Connecticut’s All-Star Hedge Funds Revealed; Assets jump 3.1% Quarter-Over-Quarter
(Hedgetracker.com) The rankings for the Top Connecticut Hedge Funds have been released, revealing that the top 50 hedge funds oversee a combined $179.4 billion in equity assets. Overall, the hedge funds on the list saw their assets increase by $5.4 […]