Monthly Archives: June 2018
Hedge funds continue gently selling oil while watching OPEC and tariffs:
(Reuters) – Investors continued to reduce their overall bullish position in petroleum, but profit-taking concentrated on fuels while signs of stabilization emerged in crude. Hedge funds and other money managers cut their combined net long position in the six most […]
BIS Wants Tighter Rules For Funds Offering Credit, Fintech
(Reuters) Regulations introduced after the financial crisis a decade ago to smooth out banking booms and busts should be extended to funds that provide credit, or shadow banks, and fintech firms, the Bank for International Settlements (BIS) said on Sunday. […]
Crispin Odey Puts Mining Deal In Jeopardy
(Times Online) Hedge fund tycoon Crispin Odey is threatening to torpedo a deal that would settle a long-running tax dispute between London-listed Acacia Mining and the Tanzanian government. Odey has written to the UK Listing Authority (UKLA) raising concerns over […]
Hedge Fund Stock Pitches: Are You The Beneficiary Or The Product?
(Seeking Alpha) A new study shows that hedge funds pitching stocks at well-attended conference sell their ‘high-conviction’ ideas following the conference. Overall returns, nonetheless, remain above average. To read this article:
Investment Adviser and Two Former Managers Charged With Misleading Retail Clients
(HedgeCo.Net) The Securities and Exchange Commission today announced that New York-based investment adviser deVere USA, Inc. has agreed to pay an $8 million civil penalty related to its failure to disclose conflicts of interest to its retail clients. The settlement […]
Trump Approves Tariffs on $50 Billion of Chinese Goods
(Bloomberg) President Donald Trump has approved tariffs on Chinese goods worth about $50 billion, said a person familiar with the decision, ratcheting up a confrontation on trade as Beijing warns of an immediate response. The Trump administration is preparing to […]
Changes To Dodd Frank Impact Private Funds
(Opalesque) On May 24, 2018, President Trump signed into law the Economic Growth, Regulatory Relief, and Consumer Protection Act. While much of the Act was designed to provide smaller financial institutions and community banks with relief from regulations implemented under […]
Ampersand white paper covers structuring overlays to hedge equity risk
(Hedgeweek) Ampersand Portfolio Solutions has published a new white paper in its series entitled ‘Looking Under the Hood’ To read this article:
In SandRidge proxy fight, Icahn’s reputation for turnarounds at stake
(Reuters) When SandRidge Energy Inc (SD.N) shareholders on Tuesday cast their votes for directors, the only question is how much sway over the embattled oil and gas producer they will hand to activist investor Carl Icahn. To read this article:
Short-Volatility Bets Boom as Hedge Funds Take Banks’ Baton
(Bloomberg) The short-vol trade is dead. Long live the short-vol trade.Investors are discovering fresh ways to bet volatility across asset classes will tumble anew even as hawkish monetary policy, emerging-market turmoil and February’s vol-mageddon underscore headwinds to the complex trade. […]
Ackman’s Hedge Funds Gain After Years Of Losses, Chipotle Helps
(Reuters) William Ackman’s private hedge fund has gained more than 9 percent this year while his publicly traded fund is up double digits, marking a dramatic reversal for the billionaire investor after three years of losses. Pershing Square International climbed […]
Wall Street Wants More Female Traders, But Old Perceptions Die Hard
(Reuters) As a biomedical engineering student at Duke University, Priya Karani thought she did not have the right skills to break into the heavily male-dominated field of Wall Street trading. “I was never interested in a career in trading at […]