Monthly Archives: June 2018
Hedge Funds’ Best Ideas? Those Are Just Stocks They’re Dumping By Sarah Ponczek
(Bloomberg) Ever wonder why hedge fund managers are so willing to get up on a stage and tell the world about their best ideas? A new study suggests an answer: the ideas are getting old, and they need a spot […]
Oil Prices Stall As Hedge Funds Take Profits
(Reuters) Investors continue to reduce their bullish position in crude oil futures and options, after a blistering rally over the last year but…Hedge funds and other money managers cut their net long position in the six most important futures and […]
Toshiba Sets $6.3 Billion Share Buyback With Proceeds Of Chip Unit Sale
(Reuters) Toshiba Corp unveiled a higher-than-expected $6.3 billion stock buyback that sent its shares up as much as 11 percent, as the Japanese firm followed up on a pledge to share proceeds from an $18 billion sale of its memory […]
Nasdaq Expands Hong Kong Presence With Data Centre Connections
(Hedgeweek) Nasdaq is establishing connectivity to three data centres in Hong Kong to increase its service to the Asia-Pacific (APAC) region through a Nasdaq Point of Presence (POP) To read this article:
Merrill Lynch Charged for Failure to Supervise RMBS Traders
(HedgeCo.Net) The Securities and Exchange Commission today announced that Merrill Lynch, Pierce, Fenner & Smith Inc. will pay more than $15 million to settle charges that its employees misled customers into overpaying for Residential Mortgage Backed Securities (RMBS). Merrill Lynch […]
As Eerie Calm Returns To Markets, Have Investors Given Up Hedging?
(Reuters) Perhaps the most remarkable aspect of what has been a bumpy ride for world financial markets this year is how stubbornly low volatility is. It’s as if investors have given up on hedging, which is exactly what appears to […]
Quant Funds Are Selling Stocks With Hidden Volatility Building
(Bloomberg) A record spike in equity volatility couldn’t get the quants to sell, but bubbling market stress below the surface has finally spurred them to offload. Quantitative hedge funds on Credit Suisse’s prime services platform have ended their 18-month streak […]
Fortum Set To Gain EU Antitrust Approval For Uniper Deal
(Reuters) Finnish utility Fortum (FORTUM.HE) is set to gain unconditional EU approval to acquire a 46.65 percent stake in German energy group Uniper (UN01.DE) from E.ON (EONGn.DE), three people familiar with the matter said on Monday. State-controlled Fortum’s bid has […]
Trade Risks Are Evident in Markets If You Look Hard Enough
(Bloomberg) Following the disastrous Group of Seven summit this weekend, where President Donald Trump upended a carefully crafted effort at unity among the world’s top economic powers, it’s safe to say that most investors were probably expecting equities to stumble […]
Elliott, Bluescape Recommend 6 New Directors For Sempra
(Reuters) Two shareholders of U.S. utility Sempra Energy – Elliott Management and Bluescape Resources Co – on Monday recommended six new directors for the company’s board and urged a strategic review of its business. The hedge funds said Sempra was […]
Hedge Funds Extended Gains In Early June
(Hedgeweek) Hedge funds delivered healthy performances last week, with beta-driven strategies outperforming…..Special Situations benefitted from both their higher market beta and some of their activist positions….. To read this article:
Has Legendary Fund Manager Lost His Touch?
(The Seattle Times) Bond funds shouldn’t lose 3 percent of their value in a day, especially when they are being run by a legendary manager. So when Janus Henderson Global Unconstrained Bond fund (JUCAX / JUCDX) dropped 3 percent on […]