Monthly Archives: June 2016
Everbright Shuts China Hedge Fund After Returns Stumble
(Bloomberg) China Everbright Ltd., a Hong Kong-based money manager that runs more than $5 billion, is closing a China-focused hedge fund after performance suffered during the nation’s market rout last year. The firm has reallocated half of the money from […]
Goldman Sachs Selling Minority Stakes in Five Hedge Funds for $800 million.
(Bloomberg) AMG will acquire stakes held by the Petershill Fund I, which has holdings in Winton Capital Group, Capula Investment Management, Partner Fund Management, Mount Lucas Management and CapeView Capital, the company said in a statement on Monday. To read […]
Brevan Howard’s Flagship Hedge Fund Said to Slip Again in May
(Bloomberg) Brevan Howard Asset Management LLP’s main hedge fund lost money in May, its third straight monthly decline this year, according to two people with knowledge of the matter. The Brevan Howard Master Fund fell 0.3 percent last month, deepening […]
Brevan Howard’s Flagship Hedge Fund Said to Slip Again in May
(Bloomberg) Brevan Howard Asset Management LLP’s main hedge fund lost money in May, its third straight monthly decline this year, according to two people with knowledge of the matter. The Brevan Howard Master Fund fell 0.3 percent last month, deepening […]
Bond Rally Squeezes Hedge Funds After Most Short Since 2007
(Bloomberg) Bond bears were licking their wounds after a weaker-than-forecast May jobs report sent Treasuries surging. Data released later Friday suggest the pain was widespread. Hedge funds and other speculative investors were net short Treasury two-year note futures in the […]
Weak Performance By Hedge Funds
(Harvest) The news lately regarding hedge funds has been abysmal,to say the least! Very poor performance coupled with high fees has caused an exodus out of hedge funds and into other investment vehicles. In fact, the very same thing has […]
Hedge Funds Are Betting On You
(The Business Insider) A new report shows which industries some of the world’s biggest hedge funds are investing in. And the short version is that they’re betting on you, the consumer. The world’s ten largest long/short equity funds are bullish […]
SEC Charges Connecticut-Based Investment Adviser for Failure to Disclose Fees to Clients
(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges against Connecticut-based investment adviser Momentum Investment Partners LLC (doing business as Avatar Investment Management), and one of its principals, Ronald J. Fernandes, for failing to disclose to some of Avatar’s […]
U.S. Repays $6 Million to Hedge Fund in Insider-Trading Reversal
(Bloomberg) Strike $6 million from the total that Manhattan U.S. Attorney Preet Bharara extracted from hedge funds and executives caught in his seven-year insider-trading dragnet. U.S. prosecutors have agreed to return that amount to Diamondback Capital Management LLC in a […]
Hedge-Fund Exile Trades Graphs for Grapes to Challenge Champagne
(Bloomberg) For centuries the rolling hills of Sussex in southern England have grown barley for local beer brewers. Now former hedge-fund manager Mark Driver is replacing the grain on his land with grapes in a bid to challenge Champagne. Driver, […]
Hedge Fund Taylor Woods Said to Lose 7% this Year On Commodities
(Gulf News) Taylor Woods Capital Management, one of the world’s best performing hedge fund firms in 2015, lost 7.3 per cent in the first five months of the year as bets on commodities soured, according to a letter to investors […]
UBS Betting on Hedge Funds as Cure for Low Sovereign Returns
(Bloomberg) UBS Group AG is advising its wealthiest clients to stick with hedge funds even after the $2.9 trillion industry had its worst start to a year since 2008. While the days of “double-digit and triple-digit returns” for hedge funds […]