Monthly Archives: June 2017
Iron Ore Gets a Break—But This Hedge Fund Says It’s Going Lower
(Bloomberg) Iron ore’s finally catching a break with a jump back into the $60s a ton. But don’t bank on the recovery lasting through to the year-end, according to Academia Capital, a commodities and emerging markets-focused hedge fund, which warns […]
Machine Learning’s Mediocre Gains
(Bloomberg) Hedge funds using vast amounts of data, computing power, and machine-learning techniques to make money are drawing investors’ attention. But their brief track records show they suffer the same shortcomings as their more traditional peers. The Eurekahedge AI Hedge […]
Millions of Dollars Allegedly Siphoned From EB-5 Immigrant Investor Program
(HedgeCo.Net) An Idaho man has agreed to pay back several million dollars he siphoned away for personal use rather than investing it as promised to create U.S. jobs through the EB-5 Immigrant Investor Program. The SEC alleges that Serofim Muroff […]
Fund Manager Trains Algos to Copy His Brain
(Bloomberg) Since he left his job as hedge-fund manager last year, Muhammed Yesilhark has spent his days teaching computers to pick stocks like he did in his 12-year career. By the end of the year, the former head of European […]
Waymark Tech Debuts AI-Assisted Tool To Spot Regulatory Crossovers
(FINalternatived) Regtech specialist Waymark Tech has launched a new tool that automatically identifies a company’s regulatory crossovers and conflicts between incoming regulations, such as MiFID II, GDPR, and PRIIPS. To read this article:
Hedge Fund Bosses Make the Case for Humans
(Bloomberg) Humans won’t be obsolete in this lifetime. That’s what a quartet of money managers have posited in recent weeks as new technologies rewire finance, threatening to supplant the industry’s rank and file. Winton, a $30.6 billion hedge fund that’s […]
Hedge Funds Hold Near-Record Short Positions In Petroleum
(Reuters) Oil prices have been rising gently during the past four trading sessions despite concerns about the continued rise in the U.S. rig count and enormous excess inventories. Front-month Brent futures prices are up by about $2 a barrel since […]
Bill Ackman’s Big Triumph Becomes His Big Problem
(Bloomberg) Most of the time, securities class-action lawsuits are nothingburgers. A company’s stock price drops unexpectedly, some plaintiffs’ lawyers sue on behalf of supposedly aggrieved investors, and after a year or two of legal wrangling, the parties settle for what […]
Hedge Fund Executive Scaramucci Lands Post at Export-Import Bank
(Reuters) Hedge fund industry executive Anthony Scaramucci, an advisor to U.S. President Donald Trump, has been named chief strategy officer of the U.S. Export-Import Bank, a source familiar with the appointment said on Tuesday. Scaramucci, a Republican fundraiser, has been […]
World’s Biggest Wealth Fund Refuses to Be Silenced
(Bloomberg) Investors are increasingly serious about their environmental, social and corporate governance duties, withholding investment from industries they deem to be damaging the planet or society and using their votes to steer companies onto better paths. But that only works […]
Nestle Plans $20.8 Billion Share Buyback After Third Point Pressure
(CNBC) Nestle announced plans to buy back as much as 20 billion Swiss francs ($20.79 billion) worth of shares over three years, days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company. To […]
Here’s Why Robots Should Take the Fed’s Job
(Harvest) The Federal Reserve hiked interest rates again last week.Higher rates aren’t entirely bad. They might help savers holding cash—though I wonder why anyone would still hold cash after almost a decade of punishment. The Fed has forced Americans into […]