Monthly Archives: August 2015
As investors flood into Absolute Return funds – are these ‘low risk’ funds everyone’s suddenly buying as safe as they seem?
(Daily Mail) – If you go to a financial adviser and say you don’t like taking risks with your money, there’s one type of fund likely to be recommended. Huge numbers of cautious investors are being put into Absolute Return […]
Hedge fund investor Dan Loeb just picked his newest target
(Business Insider) – Hedge fund activist Dan Loeb has picked his latest target. Baxter International shares rose 3% on Wednesday August 5 after Loeb revealed he has bought a stake of about 7% in the company. Loeb said in a […]
Fund Manager Models Turn in a Strong Week
New York (HedgeCoVest.com) – The overall market bounced back last week after a rough week the week before. The S&P gained 1.16% last week while the DOW and NASDAQ lagged the performance of the broader market index with gains of 0.69% […]
Long/Short Models Doing Exactly What They Should Do
New York (HedgeCoVest.com) – The last three months have been anything but stellar for the overall stock market. If we look at a chart of the S&P 500 from April 28 through July 28, we see a number of peaks […]
Einhorn’s Greenlight Capital Added to the List
New York (HedgeCo.net) – Alternative investment firms continue to post poor second quarter results. On Monday, Greenlight Capital RE, the reinsurer headed by David Einhorn, reported a second quarter loss of $39.6 million on revenue of $67.6 million. Shares of […]
Citadel Considering IPO in 2016
New York (HedgeCo.net) – Seven years ago, Ken Griffin saw his hedge fund empire on the verge of a collapse, but Citadel has rebounded like the market and he is now considering taking the firm public. The idea has been […]
Investigation of Seized Hedge Fund Highlights Risks
(Wall Street Journal) – GIBRALTAR—On this tiny Mediterranean peninsula, a hedge fund run by a polo player has been seized by regulators, as part of a global probe into offshore funds, highlighting the risks lurking in this lightly regulated, multibillion-dollar […]
Scott Bessent to Start His Own Hedge Fund With $2 Billion From Soros
(Bloomberg) – Scott Bessent, who’s been overseeing George Soros’s $30 billion fortune for the last four years, will leave at the end of 2015 to start his own hedge-fund firm. Bessent, 52, is forming Key Square Group with a $2 […]
Daniel Loeb Takes a Stand for Activist Investing
New York (HedgeCo.net) – Activist investing has become the latest investment style to come under fire, but one of the leading activist investors is not going to stand idly by and let politicians, union bosses or other asset management executives […]
Puerto Rico Misses Debt Payment
New York (HedgeCo.net) – It seemed like it was only a matter of time, but it finally happened on Saturday—Puerto Rico missed a bond payment. The island U.S. commonwealth of 3.5 million people has been in negotiations with hedge funds […]
State Street Starts Macro Hedge Fund in Alternatives Push
(Bloomberg) – State Street Corp. is starting a hedge fund that will bet on macroeconomic events, part of an effort to expand its $2.37 trillion money-management arm beyond lower-paying passive strategies. The strategy, run by Michael Ho and Lisa O’Connor, […]
Wall Street Banks Join Hedge Funds in Boosting Treasury Holdings
Wall Street’s biggest bond dealers are joining hedge funds in loading up on Treasuries as the outlook for inflation tumbles. JPMorgan Chase & Co., Citigroup Inc. and the 20 other companies that trade with the Federal Reserve increased their holdings […]