Monthly Archives: June 2017

(Harvest) On the surface, passive municipal ladders seem like a sensible investment. Simple. Easy. Cheap. But the numbers don’t lie. Since 2009, the average active municipal bond manager has beaten passively managed municipal ladders in 97% of two-year rolling periods. […]

(FINalternatives) Hedge fund performance stumbled slightly in May, according to new data from fund administrator SS&C GlobeOp, while the company’s asset flow indicator advanced sharply. To read this article:

(FINalternatives) J.P. Morgan Asset Management has hired private credit veterans Brad Demong and Leander Christofides as co-chief investment officers of a new global special situations group within its J.P. Morgan Global Alternatives business. To read this article:

(FINalternatives) Liquid alternative mutual fund specialist Catalyst Funds has announced the acquisition of the Exceed Defined Shield Fund and will rebrand it as the Catalyst Exceed Defined Shield Fund, symbol SHIIX. To read this article:

(Cay Compass) Hedge funds overall returned 0.31 percent in May, the fifth consecutive growth month this year. At the same time, the average hedge fund trailed the equity market performance of MSCI Work Index, which was up 1.09 percent during […]

(Bloomberg) As the strategy that made him a billionaire flounders, Paul Tudor Jones has found a new way to make money. Jones, who’s renowned for betting on macroeconomic trends, made his first foray into wagering on companies undergoing mergers and […]

(Bloomberg) Light Street Capital Management, the $1.1 billion hedge fund founded by Tiger Cub Glen Kacher, gained 42.6 percent in the first five months of the year on technology bets. Light Street’s flagship fund rose 11 percent in May, according […]

(Reuters) Kerrisdale Capital, a small hedge fund managed by Sahm Adrangi who has built a reputation by betting against satellite companies, is taking on ViaSat Inc.’s, declaring its stock should be trading at half of its current price. In a […]

(Bloomberg) A London trader won a court ruling to cut her husband’s divorce settlement after judges said their “short, childless” marriage warranted a diversion from the U.K.’s tradition of enforcing an equal split of assets…. To read this article:

(Harvest) Fear and greed are as old as the Garden of Eden. For many market participants, these are crippling emotions, often causing individuals to sell and buy at the wrong time. The market is extremely good at triggering these emotions, […]

(Harvest) Highland CIO and co-founder Mark Okada appeared on Bloomberg Daybreak: Americas at the end of May to provide an update on Highland’s view on markets and an outlook for the remainder of the year. The firm remains, as Okada […]