Monthly Archives: June 2017
Hamilton Lane Raises $1.9B For Oversubscribed Secondaries Fund
(FINalternatives) Global alternative investment manager Hamilton Lane has raised $1.9 billion in capital commitments for its fourth secondary fund, significantly surpassing its original $1.25 billion target. To read this article:
Citadel’s Griffin: Inflation Complacency Worrisome
(FINalternatives) The rally in U.S. stocks is not over, but investors are overly complacent about inflation and should start worrying about its return, Citadel’s Ken Griffin said during a CNBC interview on Wednesday. To read this article:
Hedge Fund Veterans Take on Tories in U.K. Anti-Brexit Heartland
(Bloomberg) Chris Coghlan loves a challenge. He joined a hedge fund just as the global financial crisis was getting into full swing. Then he took a job with the U.K. Foreign Office’s counter-terrorism unit. Now he wants to reverse Brexit. […]
ETF Buyers Have a New Go-To Fund for Chasing the Tech Rally
(Bloomberg) Investors yanked $716.9 million from the Technology Select Sector SPDR Fund, ticker XLK, in the week ended May 26, the biggest weekly exodus since January 2016, according to data compiled by Bloomberg. The same week, they added $1.78 billion […]
Hedge Fund Managers Can Show Off With Better Returns In May
(Reuters) Some hedge fund managers can finally brag a little as several prominent ones, including Daniel Loeb and William Ackman, last month beat the broader stock market’s gains, early returns show. Loeb, who runs $16 billion Third Point, told investors […]
HedgeCoVest DEPLOY Streamlines Middle and Back Office SMA Operations
(HedgeCo.Net) HedgeCoVest LLC (www.hedgecovest.com), a leading provider of managed accounts technology for advisors, today announced its new enterprise level solution, the DEPLOY Program, a fully outsourced solution to handle the day-to-day operations of an investment firm’s separately managed accounts (“SMA”) […]
Virginia-based mechanical engineer accused of scheming to manipulate the price of Fitbit stock
(HedgeCo.Net) Robert W. Murray allegedly purchased Fitbit call options just minutes before a fake tender offer that he orchestrated was filed on the SEC’s EDGAR system purporting that a company named ABM Capital LTD sought to acquire Fitbit’s outstanding shares […]
Brevan Howard’s Master Fund Said To Lose -0.7% in May
(FINalternatives) The flagship macro hedge fund at London-based Brevan Howard Asset Management reportedly lost money for the third consecutive month in May, bringing losses so far this year to -3.8%. To read this article:
Lyxor: Hedge Fund Index Dips -0.2% Amid Global Macro Dispersion
(FINalternatives) Hedge fund returns were mixed last week as the market’s upturn boosted CTAs and equity managers at the expense of global macro and fixed-income strategies, according to new research from Lyxor Asset Management. To read this article:
UK Elections Aside, Hedge Funds Bet Pound to Fall Anew on Brexit
(Reuters) Whatever the outcome of Britain’s election on Thursday, some hedge funds are still betting sterling will fall anew — anticipating Britain’s exit from the European Union will lead to an economic slowdown whichever way the vote goes. The pound […]
Hong Kong Shares End Lower as Short-Sellers Target China Firms
(Reuters) Hong Kong stocks ended Wednesday lower after hitting a fresh 23-month intraday high, with more listed companies in the city targetted by short-sellers. The Hang Seng index fell 0.1 percent, to 25,974.16, while the China Enterprises Index gained 0.1 […]
Another Canadian Hedge Fund Expands Into the Caribbean
(Bloomberg) Formula Growth Ltd., a Montreal-based hedge fund operator that has doubled total assets under management to C$1.2 billion ($891 million) over three years, is starting another fund focused on small and mid-sized U.S. stocks to meet growing demand from […]