Monthly Archives: June 2018
Och-Ziff’s Former Executive Pleads Not Guilty in Fraud Case
(Bloomberg) Michael L. Cohen, the former head of Och-Ziff Capital Management’s European operations, pleaded not guilty to U.S. charges that he defrauded one of the hedge fund’s clients by lying about an investment in an African mining company. Cohen, 46, […]
Harvard Billionaires Bail Out Alma Mater From Poor Fund Returns
(Bloomberg) Three years ago, hedge fund billionaire John Paulson offered his alma mater, Harvard Business School, an enormous gift. Nitin Nohria, the school’s dean, responded in a way that would shock most other charitable organizations: Thanks, but we don’t need […]
Sovereign Debt Yields: Like a Day at Six Flags
(Harvest) Looking at recent developments in the developed world’s sovereign debt markets, an investor could be excused for feeling like they are on a roller-coaster ride. Indeed, from the beginning of May through the third week of June, market participants […]
Take A Closer Look At Pershing Square’s $4.8 Billion Portfolio
(Harvest) On May 15th, Bill Ackman’s firm Pershing Square filed its quarterly Form 13F regulatory filing . I reviewed the filing to gain a glimpse into the firm’s large portfolio. Pershing Square’s stock portfolio totals $4.8 billion according to the […]
It’s Been a Rough 2018 for Many Quant Hedge Funds
(Bloomberg) Many quant hedge funds — young and old — are struggling to make money this year. Manoj Narang, who started his hedge fund last year, saw his biggest investor, JPMorgan Chase & Co.’s asset management unit, pull its money. […]
Chinese Stocks Enter Bear Market as Trade, Growth Risks Increase
(Bloomberg) Chinese stocks fell, with the benchmark gauge entering a bear market, amid growing concern about the country’s resilience to a trade war with the U.S. The Shanghai Composite Index fell 0.5 percent at the close, taking its loss since […]
Hedge funds navigate market turmoil well, says Lyxor
(Hedgeweek) Hedge funds have successfully navigated recent choppy waters, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team with the Lyxor Global Hedge Fund Index slightly down at -0.4 per cent. Strategies with the highest market beta […]
US Rate Allure Sparks Record Hedge Fund Dollar Buying, Euro Capitulation
(Reuters) Hedge funds are loading up on bullish dollar bets at the fastest pace on record, taking the Fed’s recent hawkish signal on interest rates at face value and going long the greenback for the first time in a year. […]
TCI, Axon Accuse India Real Estate Fund of $1.5 Billion Fraud
(Bloomberg) Two high-profile hedge funds accused one of India’s biggest real estate developers of defrauding its foreign investors out of as much as $1.5 billion, potentially one of the largest private equity scams ever. IREO Management engaged in a billion-dollar […]
Conviction Of SAC’s Martoma Upheld Despite Jury Instructions
(Reuters) A divided federal appeals court on Monday upheld the insider trading conviction of Mathew Martoma, a former portfolio manager for billionaire Steven A. Cohen, finding enough evidence to establish guilt despite defective jury instructions. In an unusual 2-1 decision, […]
Hedge Funds Look to Profit From Personal-Injury Suits
(New York Times) Hedges and private-equity firms are deepening their involvement in big-ticket personal-injury lawsuits against drug companies and medical device manufacturers. Investment firms are lending money to law firms that bring so-called mass torts and providing cash advances to […]
Four Reasons Why It’s Time to Get Real About Inflation
(Harvest) With the global economy moving into its late-cycle stages, we think it’s a good time to bolster portfolio inflation protection by embracing several recently unloved investments—including natural resources and commodities. To read this article: