Monthly Archives: June 2016
Top Energy Hedge Funds Manage $81 Billion in Energy Assets; Harvest Fund Advisors Grabs Top Spot for the First Time
(Hedgetracker) The Top Energy Hedge Funds list has been released, revealing that the largest hedge fund investors in Energy companies manage more than $81 billion in energy assets. 13 of the hedge funds on this quarter’s list devoted more than […]
Meet The Hedge Fund Activist Shaking Up The Market’s Best-Performing Asset Class
(Forbes) One of the most successful REIT investors today is an activist in the tradition of Carl Icahn, only a lot smaller. Meet Jonathan Litt of Land & Buildings Investment Management, a hedge fund based in Stamford, Conn. His specialties […]
Visium’s Valvani Charged With Insider Trading on FDA Leaks
(Reuters) A Manhattan hedge fund manager was charged on Wednesday with trading on confidential tips about drug approvals, in one of the biggest insider trading cases since a 2014 court ruling made it harder for U.S. prosecutors to pursue them. […]
Hedge Funds Asked to Take a Hit as Iceland Frees $2.4 Billion
(Bloomberg) Hedge funds will be asked to take a hit as Iceland embarks on the last crucial step in dismantling its more than seven-year-old capital control regime. The central bank is on Thursday offering part of its foreign currency reserves […]
Machines Beat Humans in Hedge Fund Quest to Time Market Bottom
(Bloomberg) In a historically bad year for hedge funds, one of their close relatives is thriving. Computer-driven quants, which pick shares based on factors like momentum and size, have been the only hedge fund category to increase stock holdings in […]
Muni Advisors Acted Deceptively With California School Districts
(HedgeCo.Net)— The Securities and Exchange Commission today announced that two California-based municipal advisory firms and their executives have agreed to settle charges that they used deceptive practices when soliciting the business of five California school districts. An SEC investigation found […]
Eurekahedge: Hedge Funds Gain 0.42% in May
(FinAlternatives) Hedge funds were up in May but underperformed world market benchmarks, according to a flash update from Eurekahedge, while nearly half of the managers in the company’s universe remain in the red for the year. To read this article:
BofAML: Global Cash Levels at Highest Level Since 2001
(FinAlternatives) Investors have amassed their largest cash pile since 2001 and cut equity holdings to a four-year low, according to a new survey by Bank of America Merrill Lynch. Worries over a Brexit and policymakers’ ability to bolster a fragile […]
London Traders Brace For Biggest Night Since ‘Black Wednesday’
(Reuters) The world’s biggest banks including Citi and Goldman Sachs will draft in senior traders to work through the night following Britain’s referendum on EU membership, set to be among the most volatile 24 hours for markets in a quarter […]
In Defense of Hedge Funds…
(Harvest) Hedge funds don’t get a lot of love these days. They’ve underperformed for years, and their fees — the standard is 2% of assets and 20% of profits — make them pariahs in the age of indexing and low-cost […]
Owen Li Avoids Prison For Hedge Fund Fraud
(Valuewalk.com) Owen Li, a New York hedge fund manager, founded Canarsie Capital and lost nearly all the $57 million he had under management within weeks. He was expected to serve five years, as reported here on March 29th but the […]
Platinum to Shut Main Hedge Fund After Kickback Scandal
(Reuters) U.S. hedge fund Platinum Partners is returning the majority of its assets to clients following the arrest of a longtime associate on allegations he orchestrated a $60,000 cash bribe to secure an investment from a New York city union. […]