Monthly Archives: June 2016
The Fed’s to Blame For Hedge Funds’ Pain
(CNBC) Hedge funds have been underperforming for a few years, and the Federal Reserve could be to blame. Dynasty Financial CIO Scott Welch believes that some of the central bank’s policies, coupled with investors’ fears since 2008, have challenged the […]
Sequoia Fund Cuts Almost Half of Stake in Valeant
(Yahoo) Several days after appointing an investment committee and new holding restrictions in response to substantial losses on Valeant Pharmaceuticals (VRX), the Sequoia Fund sold a substantial portion of its investment in the company. The filing from a week ago […]
Brazil Hedge Fund Verde Gains in May on Global Equity Rally
(Reuters) Verde Asset Management SA, Brazil’s largest hedge fund, had a second straight month of gains in May as a global equity market rally helped offset declines in holdings of the Brazilian real and other currencies. In a letter to […]
Citadel’s Nazarali Says Image of Rigged Markets ‘Unfortunate’
(Bloomberg) U.S. stock trading is faster, cheaper and more efficient than ever before, and the perception that the market is rigged is “unfortunate,” said Jamil Nazarali, head of execution services at Citadel Securities. “There is this narrative that exists which […]
Hedge Fund Starts Testing Swedish Central Bank’s Krona Resolve
(Bloomberg) Hedge fund Ambrosia is betting the Swedish central bank will let its guard down on the krona after turning the corner in its battle to revive inflation. As inflation expectations also head up, policy makers will be able to […]
Childhood Friends Charged With Insider Trading in Pharmaceutical Stocks
(HedgeCo.NET) The Securities and Exchange Commission today charged two Rhode Island men with insider trading in the securities of deal targets being pursued by the pharmaceutical company where one of them worked. The SEC alleges that Michael J. Maciocio obtained […]
And With That Jobs Data Point, the Fed Has Gone Surfing…
(Daily Alts) Cancel the June Fed meeting and good luck getting the FOMC out of their board shorts and bikinis long enough for a July meeting. While one data point should never be enough to influence change, the five sigma […]
Activist Hedge Fund TCI Builds Yahoo Stake
(Yahoo Finance) One of Europe’s most aggressive activist hedge funds is building a stake in Yahoo! as the digital portal proceeds with a multibillion dollar auction of its core internet business. Sky News has learnt that The Children’s Investment Fund […]
Hedge Funds’ Fast Money Not Welcome as Iceland Bolsters Defenses
(Bloomberg) Iceland has gone its own way since its three largest lenders collapsed in 2008 under a mountain of debt almost eight times the size of its economy. The steps included capital controls that locked in hedge funds, mortgage writedowns […]
How to Make 23% Betting Hedge Funds Are Wrong on Chinese Stocks
(Bloomberg) Wagers against Chinese stocks have become so popular that banks are offering returns exceeding 20 percent to anyone prepared to take the other side. The potential payouts, from firms including BNP Paribas SA and JPMorgan Chase & Co., come […]
Activists Boost Innovation as Well as Share Prices
(Reuters) It looks as if hedge fund activists engineer not just a short-term pop in target firms’ stock prices but also long-term improvements in innovation. While studies have shown that news of an activist position in a stock leads to […]
G-7 Warns About Unsustainable Debt
(Harvest) Central banks’ monetary policies – zero or negative interest rates and bond purchases – are losing their effectiveness. Earlier this year, the G-20 country leaders stated that “monetary policy alone cannot lead to balanced growth” and advocated that governments […]