Monthly Archives: September 2016
Pension Funds Benefit From Bank Stress Tests
(Harvest) Institutional investors are exploiting the illiquid credit space vacated by banks facing stricter regulation and ongoing stress tests, according to global professional services company Towers Watson (NASDAQ: TW). The company’s clients have allocated over $7 billion to illiquid credit […]
Texas and Chicago top the Central Hedge Fund List, $9.3B in gains drive regional Momentum
(Hedgetracker.com) The rankings for the Top Central U.S. Hedge Funds have been released, revealing that the top 50 hedge funds oversee a combined $125 billion in equity assets, having seen their assets increase by 1.8% quarter-over-quarter. Driving the region’s positive […]
Executives Charged With Microcap Fraud
(Hedgeco.NET) The Securities and Exchange Commission today charged three company executives with defrauding investors in a purported project to construct the largest movie studio in North America at a suburban location outside Savannah, Georgia. The SEC alleges that Manu Kumaran, […]
BofAML: Investors Pull $7.4B From Equity Funds, Largest Outflow in 12 Weeks
(Fin Alternative) Global investors pulled $7.4 billion from equity funds in the week through September 21, the largest outflow in around three months amid uncertainty over U.S. and Japanese monetary policy, Bank of America Merrill Lynch said Friday. To read […]
Hedge Funds Misread Fed With Bullish Dollar Bets at 7-Month High
(Bloomberg) Hedge funds and other large speculators raised bullish dollar wagers to a seven-month high before the Federal Reserve scaled back the outlook for rate increases in 2017 at last week’s policy meeting. Wagers for the dollar to gain against […]
Soros Helping to Turn Back Tide of Hedge-Fund Outflows in Europe
(Bloomberg) As hedge funds hemorrhage cash at the fastest pace since the financial crisis, a new crop of money managers is starting to buck the trend in Europe with backing from some of the industry’s biggest names, including George Soros […]
Hedge Funds Redemption Pressures Receded In August
(Valuewalk.com) The redemption pressures weighing heavily on the hedge fund industry mostly abated in August. After outflows in June and July nearly reminiscent of the tailend of the global financial crisis, investors’ dissatisfaction with 2015 performance may be exhausted. While […]
Canada Public Pension Ditches 10 Computer-Driven Hedge Funds
(The Daily Mail) Reuters reports the Ontario Teachers’ Pension Plan this summer pulled cash from 10 of the 20 hedge funds in its portfolio which use computer algorithms….”They expressed that a lot of strategies today you can mimic with a […]
Top firm could axe 1 in 10 staff
(HITC Business) Thousands of jobs could go. Commerzbank is planning to cut thousands of jobs as it revamps its strategy to contend with the drag on earnings from ultra low interest rates and lacklustre demand for loans, sources familiar with […]
N.J. Fund Wins $40m in Defamation Lawsuit
(Nj.com) A Parsippany-based hedge fund and two of its principals received about $40 million in damages over a defamatory report in 2002 about the men and the company…An eight-person civil jury in Morris County awarded NuWave Investment Corp. and its […]
A Hot New Hedge Fund Just Made Some Big Hires
(The Business Insider) A new, high-profile hedge fund has made some big hires. Ben Melkman, a former partner at Brevan Howard, is launching a new fund called Light Sky Macro in New York. The fund is targeting $400 million and […]
Rogue Trader Escapes Paying $5.5 Billion In Damages
(New York Post) Rogue trader Jerome Kerviel has stuck it to his old bosses — big time. A French appeals court cut the damage award Kerviel was ordered to pay Société Générale to $1.1 million from $5.5 billion. That’s right […]