Monthly Archives: August 2016
Steinhoff Raises Poundland Offer After Hedge Fund Increases Stake
(Reuters) South Africa’s Steinhoff has improved the terms of its agreed takeover of British discount retailer Poundland, saying its 610.4 million pound ($794.6 million) offer is final. The increased offer follows a recent move by U.S. hedge fund Elliott to […]
NY Judge Tosses Billionaire Bacon’s Defamation Case v Canada’s Nygard
(Reuters) A New York state judge on Wednesday threw out billionaire hedge fund manager Louis Bacon’s $100 million defamation lawsuit against Canadian fashion designer Peter Nygard, saying the case tied to their long-running feud over neighboring properties in the Bahamas […]
Hedge Funds in Singapore Beating Hong Kong Counterparts
(Bloomberg) Hedge funds in Singapore have posted better returns than their Hong Kong counterparts this year, breaking a multi-year trend, according to research by data provider Preqin. One reason for the disparity is the types of hedge fund strategies prevalent […]
Private Fund Administrator Charged With Gatekeeper Failures
(HedgeCo.Net) The Securities and Exchange Commission has announced that a firm providing administrative services to private funds has agreed to pay more than $350,000 to settle charges that it failed to heed red flags and correct faulty accounting by two […]
Barclays Debunks the Prevailing Wisdom on Hedge Fund Returns
(Bloomberg) Barclays Plc just upended one of the most common narratives for why hedge funds are struggling to repeat the glory years: they found it’s not the number of funds that’s causing returns to languish. It’s their size. That calls […]
Hedge Funds All In on VIX Plunge as S&P 500 Hovers Near Record
(Bloomberg) Professional speculators are making record bets in volatility markets that U.S. stocks will keep rallying. Hedge funds and other big traders tracked by the Commodity Futures Trading Commission have pushed net short positions on CBOE Volatility Index futures to […]
Context Jensen Partners: Hedge Fund Hiring Remains Robust
(Fin Alternatives) Hedge fund hiring has remained strong this year despite a challenging market environment, according to a new report from industry executive search company Context Jensen Partners. To read this article:
Multi-factor Investing: Practical Considerations for Portfolio Managers
(Harvest) Factor-based and smart beta products have become a growing trend as investors look for ways to quantitatively expose their portfolios to certain historically successful investment themes while reducing the volatility that comes from betting on individual securities. The factor […]
Hedge Fund Liquidations on the Rise, but Investors Sticking with Allocations
(Pension & Investments) Hedge fund liquidations likely will rise in 2016 and the overall industry might face a reduction in the number of hedge funds, said a report from Barclays Capital. In its report, “Against All Odds: Hedge Fund Industry […]
Before Valeant Overhaul, Ackman Met Investors at Brainstorming Event
(Reuters) Six weeks before Valeant Pharmaceuticals International Inc revealed plans to reorganize and pay down debt, similar ideas to improve the drugmaker’s fortunes were discussed at a private shareholder dinner attended by top investor and board member William Ackman, according […]
Brevan Howard’s Main Fund Down 1 Percent In Year to End-July
(Reuters) Leading European hedge fund Brevan Howard’s main fund was down 1 percent in the year to the end of July, two sources said, handing back gains made after Britain’s vote to leave the European Union. British billionaire Alan Howard’s […]
Renaissance, Viking Gain in July as Hedge Funds Extend Rebound
(Bloomberg) Jim Simons’s $32 billion Renaissance Technologies and Andreas Halvorsen’s Viking Global Investors posted gains in July as the hedge fund industry extended its rebound from the worst start to a year on record. Renaissance’s Institutional Equities Fund, a quantitative […]