Monthly Archives: August 2016
One Of The World’s Biggest Hedge Funds Is Backing The Bank Of England
(Business Insider) Bridgewater Associates, one of the world’s largest hedge funds, and perhaps the most recognisable name in the industry, has given the Bank of England’s new stimulus package the thumbs up in a note circulated to clients. Analysts from […]
Investment Adviser Charged With Failing to Clearly Disclose Additional Costs to Investors
(Hedgeco.Net) The Securities and Exchange Commission has announced an enforcement action against an investment advisory firm that failed to properly prepare clients for additional transaction costs beyond the “wrap fees” they pay to cover the cost of several services bundled […]
Apollo Global Management Expresses Interest in Acquiring Rackspace
(Fin Alternatives) Private equity investment firm Apollo Global Management has expressed interest in the acquisition of Rackspace Hosting Inc. in an effort to increase its investments within the tech industry. To read this article:
Hedge funds have done a terrible job at picking stocks this year
(Business Insider) Hedge funds are not doing too hot in 2016. Performance metrics took a hit through the first six months of the year. Hedge fund tracker Eurekahedge found the industry netted a $5.2 billion performance loss through the first […]
Carl Icahn is Getting Stomped by Sticking to One of His Deepest Convictions
(The Business Insider) Carl Icahn still believes the market is going to crash. Icahn Enterprises, the holding company helmed by Icahn, reported a second-quarter loss on Thursday morning, and a lot of that can be attributed to the company’s investment […]
New Jersey Pension Halves Hedge Fund Exposure
(aiCIO) The smaller hedge fund mandate will prioritize risk-mitigating strategies and lower fees….The New Jersey Investment Council has voted to reduce its strategic allocation to hedge funds from 12.5% to 6% of the $71.9 billion portfolio. To read this article:
Japan Hedge Funds Hit by Brexit
(Hedgeweek) Hedge fund data provider HFR reports that hedge funds investing in Japan declined to conclude the first half of 2016 as the Japanese Yen surged on Brexit, while hedge funds investing in China and throughout Emerging Asia posted mixed […]
The Seven-Year Short
(Bloomberg) On any given evening, after Mark Hart and his wife have put their kids to bed, he’ll duck into his bedroom closet and close the door behind him. Then, by pixel-light, he goes to work. Hart, a hedge fund […]
Bridgewater Making Waves with Dual-Party Valuation
(Pension & Investments) Bridgewater Associates LLC is the first money manager to have instituted a dual-party valuation process for its complicated suite of hedge fund and long-only portfolios with aggregate assets of $150 billion, achieving its goal of having iron-clad […]
Quants Ease Into Fundamental Firms
(Pension & Investments) Rather than grasping for straws in the face of lackluster market conditions, fundamental equity and multistrategy hedge fund managers are grabbing quantitative specialists to help them interpret macro trends and hopefully improve returns. Hedge fund managers as […]
SEC Charges Cardiologist With Insider Trading on Confidential Drug Trial Developments
(HedgeCo.Net)— The Securities and Exchange Commission today charged a cardiologist with insider trading on confidential developments as he worked on a clinical drug trial. The SEC alleges that Dr. Edward Kosinski of Weston, Connecticut, traded in advance of two negative […]
July Positive Across Hedge Fund Strategies
(Hedgeweek) July saw positive performance across the majority of asset classes as markets rebounded after the Brexit turmoil. The MSCI World Index returned 4.3 per cent whilst the Barclays US Aggregate Bond Index returned 0.6 per cent, pushing both indices […]