Monthly Archives: September 2017
The Emerging-Market Rally Is Far from Over
(Harvest) Afraid you’ve missed the rally in emerging-market (EM) assets? Don’t be. Responsible policies and pragmatic politics have taken hold in many developing countries. That bodes well for growth and suggests the rally has room to run. EM bonds—both US-dollar […]
NYHFR Survey: Insider Trading Still A Risk
(FINalternatives) Eight years have passed since the FBI’s landmark insider trading investigation into Galleon Group, but the subject remains a concern in the minds of alternative investment industry participants, according to a new survey by the New York Hedge Fund […]
Hedge Funds Flip-Flop as Harvey Shakes Up the Crude Market
(Bloomberg) Harvey’s got hedge funds caught in a whirlwind. Just after the storm triggered the biggest rush to a more bearish stance on West Texas Intermediate crude since 2007, they flipped the switch and raised bets on a rebound as […]
QIM Hedge Fund Soars 56% This Year
(Bloomberg) The tactical hedge fund at Quantitative Investment Management, the $3.4 billion firm run by Jaffray Woodriff, surged an estimated 56 percent this year through August, according to an investor document seen by Bloomberg News. The firm’s systematic long-short equity […]
Diameter Raises $1bn for New Credit Hedge Fund
(Bloomberg) Diameter Capital has raised about $1 billion to make wagers on company debt, making it one of the largest hedge-fund startups this year, according to people with knowledge of the matter. The firm founded by Scott Goodwin and Jonathan […]
Investors Defend Hedge Funds Amid Rush to Passive and Private Strategies
(Reuters) Some big money investors are warning that the rush to cheap stock bets and private asset strategies at the expense of hedge funds may prove costly. “As those trends run their course, it will open up better opportunities for […]
Hedge Fund Wannabes Busted for Trading on Illegal Amazon Tips
(Bloomberg) Two men who had dreams of starting a hedge fund have been accused of taking an unfortunate shortcut to show they were top-notch traders: buying illegal tips from their friend at Amazon.com Inc. Maziar Rezakhani and Sam Sadeghi of […]
Hedge Fund of the Year’ Reportedly Got Duped by Radio Star’s Alleged Ponzi Scheme
(CNBC) The unidentified hedge fund that sports talk-radio star Craig Carton allegedly scammed out of $4.6 million was named “management firm of the year” in March, according to Sports Illustrated. The firm is Brigade Capital Management, Sports Illustrated said in […]
Man Group Receives Approval for Private Fund Management License in China
(FINalternatives) A unit of global hedge fund manager Man Group has received approval from Chinese regulators to operate as a private securities investment fund manager in Mainland China. The company’s Man Investment Management (Shanghai) Co, Ltd. subsidiary, a wholly foreign […]
Top Firm Boss Says ‘Big Number’ of Staff Will Lose Jobs to Automation
(HITC) The chief executive of Deutsche Bank has issued a stark warning about the impact of technology, saying a “big number” of his staff will lose their jobs as robots take over. John Cryan told an audience in Frankfurt: “In […]
AlphaCentric Launches AlphaCentric Global Innovations Fund
(Opalesque) AlphaCentric today announced the launch of its newest fund, the AlphaCentric Global Innovations Fund (GNXIX). The Fund is the only actively managed mutual fund dedicated to automation and robotics. The AlphaCentric Global Innovations Fund invests in companies worldwide focused […]
Bill Ackman: I Won’t Insist on Replacing ADP Directors
(New York Post) Bill Ackman told ADP his activist hedge fund is willing to accept three seats on an expanded board rather than replace three directors.The activist hedgie behind Pershing Square Capital, who had been looking to unseat three of […]