Monthly Archives: September 2016
Veritas Asset Management Taps UBS’s Barnes For CEO Slot
(Fin Alternatives) UBS Global Asset Management executive Ian Barnes has been named chief executive officer at Veritas Asset Management. To read this article:
Man Group CEO Sees Pressure on Event-Driven Hedge Funds
(Bloomberg) Larger discretionary macro and event-driven hedge funds are most at risk of shutting down as low returns weigh on the industry, according to the chief executive officer of the world’s largest publicly traded hedge-fund manager. “When individual funds get […]
Quant Who Coined Risk Parity Says Wall Street Has It All Wrong
(Bloomberg) Nowadays, it’s a rare selloff that isn’t blamed on the growing heft of a strategy called risk parity. But to a 52-year-old quant who helped develop it, the problem isn’t that risk parity is too big, but too small. […]
Two Sigma Says Artificial Intelligence Lacks Smarts
(Bloomberg) David Siegel, a quantitative hedge fund pioneer, issued a warning to investors: Artificial intelligence lacks common sense. Siegel, who has used AI to build his Two Sigma Investments into a $37 billion hedge fund firm, said algorithms are limited […]
IMC’s Berring Prepping New Structured Credit Hedge Fund
(Fin ALternatives) Former IMC Asset Management portfolio manager Simon Berring is launching a new structured credit hedge fund that will focus on securitized consumer and residential credit assets in esoteric, and under-invested segments of the structured credit market. To read […]
SEC Charges CEO and Boiler Room Operator With Fraud
(HedgeCo.Net) The Securities and Exchange Commission today charged a former microcap company CEO and a boiler room operator with defrauding seniors and others who were pressured to invest in a pair of penny stock companies and promised lucrative profits. The […]
Hedge Fund Legend Says the Industry Is Facing the Most Difficult Era Ever
(Bloomberg) Hedge funds are facing the most challenging time Tiger Management’s Julian Robertson said he’s seen in an investing career spanning several decades, and the industry pioneer cautioned that their days of charging hefty fees may be over. “That type […]
Hedge Funds Miss Alibaba Rally, Forgoing Millions in Gains
(Bloomberg) Shares of Alibaba Group Holding Ltd. are headed toward their second-best quarter since the e-commerce giant’s record-setting initial public offering two years ago. And hedge funds are missing out. The Chinese company’s U.S.-traded stock jumped as much as 38 […]
Hedge Funds Prefer Hard Wheat to Soft, Coffee to Cocoa, Cattle to Hogs.
(Agrimoney.com) Hedge funds favoured hard wheat over soft, coffee over cocoa, and cattle over hogs as they raised their bullish bets on agricultural commodities for a second successive week – for the first time in three months. Managed money, a […]
Corvex Drops Williams Proxy Fight After More Directors Named
(Reuters) Pipeline operator Williams Cos Inc said on Monday it added two new directors, prompting activist investor Corvex Management LP to withdraw plans to replace the company’s entire board.The company named Stephen Chazen, former chief executive of Occidental Petroleum Corp, […]
Carlyle: Expect More Buyouts As Chinese Economy Slows
(Fin Alternatives) Global alternative asset manager Carlyle Group believes private equity firms will increasingly buy control of companies in Asia rather than take minority stakes, particularly in China where slowing economic growth is likely to convince more owners to sell. […]
Onetime Rising Hedge Fund Star John Thaler Considers Comeback
(Reuters) John Thaler, the tech, media and telecom stock specialist who shut down his hedge fund firm JAT Capital Management LP in 2015, is considering a return to managing other people’s money, including launching a new hedge fund, two people […]