Monthly Archives: June 2017
The Top 100 Hedge Funds
(Barron’s) Who’s up and who’s down in our exclusive list of top hedge funds. Quants dominate overall, but a value manager ranks No. 1. To read this article:
Former UBS Employee Charged With Insider Trading by FCA
(HedgeCo.Net) The Financial Conduct Authority (FCA) has instituted criminal proceedings against Fabiana Abdel-Malek a former compliance officer employed by UBS AG’s London Branch and Walid Anis Choucair following a joint investigation with the National Crime Agency. Malek and Choucair have […]
Total Number of Hedge Funds Now 9,733 After 189 Launches and 259 Liquidations in Q1
(Opalesque) New hedge fund launches in 1Q 2017 increased for the first time since the first quarter of 2016 as both hedge funds and equity markets gained through the first part of the year, and measures of financial market volatility […]
Don’t Worry. Low Unemployment to Trump Transitory Low Inflation
(Harvest) Despite weaker economic data of late, the U.S. Federal Reserve matched market expectations in raising its benchmark interest rate June 14, 2017 a quarter point, setting its new range to a still highly accommodative 1% to 1.25%. Mattering more […]
The Best Investment I Have Ever Made
(Harvest) I’m going to veer off course from the financial markets and I hope that you will indulge me for a few moments. It isn’t often that I find myself talking about family or personal matters outside of a quick […]
Rethinking Diversification and Redefining Risk
(Harvest) Investment managers can be explicitly constrained through rigid investment policies. Over my career, I have seen a large number of investment policies and I am struck by how similar and restrictive many of them are. Investors can also be […]
Brokerage Firm Charged With Failing to Comply With Anti-Money Laundering Laws
(HedgeCo.Net) A Salt Lake City-based brokerage firm has been charged with securities law violations by the SEC related to its alleged practice of clearing transactions for microcap-stocks that were used in manipulative schemes to harm investors. To help detect potential […]
BlackRock, Elliott and Pimco Want Changes to Finance Rules
(Bloomberg) BlackRock Inc. wants Congress to change an aspect of the Volcker Rule that is causing headaches within its hedge fund business. Billionaire Paul Singer wants risky derivative bets curtailed and says regulators should lose their authority to step in […]
One of the Hottest Hedge Fund Launches of the Year Might’ve Found Itself a Name
(The Business Insider) It looks like a highly anticipated hedge fund that has been taking talent from Izzy Englander’s $35 billion fund has a potential name: ExodusPoint. The name was registered in a filing by Michael Gelband, and has been […]
Goldman Sachs Asset Management Raises $7B For New PE Secondaries Fund
(FINalternatives) Goldman Sachs Asset Management (GSAM) has reportedly raised more than $7 billion for a new private equity secondaries fund, significantly exceeding its $5 billion target. To read this article:
Eurekahedge: Hedge Fund Index Climbs 0.31% in May
(FINalternatives) Hedge funds booked their fifth consecutive month in the plus column in May, according to a flash reading of Eurekahedge’s Hedge Fund Index, although they again underperformed broader market measures for the month. To read this article:
US Hedge Funds Walk Tightrope for Sole Control of Co-Op Bank
(Bloomberg) Co-Operative Bank Plc’s U.S. hedge fund owners are treading a fine line as they attempt to secure control of the British bank that put itself up for sale amid a capital shortfall. Some of the top bondholders — led […]