Monthly Archives: September 2016
BofAML: Managers Increase Cash Levels, EM Exposure as Worries Mount
(Fin Alternatives) Investors have upped their cash holdings and increased exposures to emerging market equities amid concerns about a looming bond market selloff and sky-high stock market valuations in developed nations, according to Bank of America Merrill Lynch’s most recent […]
Quant Fund dormouse Falls -1.53% in August; Up 13.89% YTD
(Fin Alternatives) Quantitative investment manager dormouse posted its second consecutive monthly loss in August, falling -1.53% as long-term fundamental and momentum models underperformed. To read this article:
Hedge Fund Manager Who Sued Prosecutors Speaks Out For The First Time
(CNBC) David Ganek, whose hedge fund Level Global shut down in the wake of an insider trading investigation, said his lawsuit against prosecutors is about “transparency” and “accountability.” Level’s offices were raided in 2010, and Ganek’s co-founder Anthony Chiasson was […]
Hedge Fund Manager Who Spotted Fraud at Enron Calls Tesla ‘The Anti-Amazon’
(Fortune) And Elon Musk isn’t Jeff Bezos.Tesla’s Elon Musk doesn’t impress Jim Chanos.Chanos, the short-seller known for successfully betting against Enron before it collapsed, said he is now even more convinced that Tesla stock will fall, as its CEO Musk […]
Ray Dalio Disagrees With Dimon That It’s Time to Raise Rates
(Bloomberg) Billionaire hedge fund manager Ray Dalio said he disagrees with Jamie Dimon’s view that it’s time for the Federal Reserve to raise interest rates, saying such a move would be risky. Dimon, chief executive officer of JPMorgan Chase & […]
Hedge Funds Issue Open Letters
(Benzinga) Monday was a busy day for the hedge fund sector as several notable firms issued public letters. (To read this article)
BlackRock’s McKenna Said to Start Merger-Arbitrage Hedge Fund
(Bloomberg) BlackRock Inc. has started a hedge fund with a $200 million investment from New Zealand’s sovereign-wealth fund that will seek to profit from bets on companies involved in takeovers. The merger-arbitrage fund began trading this month and is run […]
Elliott’s Singer Says Sell Long-Term Bonds, Sees Inflation Risk
(Bloomberg) Elliott Management Corp.’s Paul Singer said investors should sell out of longer-term bonds, warning that even debt securities of G7 nations aren’t a safe haven. Speaking at the CNBC Institutional Investor Delivering Alpha Conference Tuesday in New York, the […]
“Stock Trading Whiz Kid” to Pay $1.5 Million to Settle Stock Newsletter Fraud Charges
(HedgeCo.Net) The Securities and Exchange Commission today announced that a self-proclaimed “stock trading whiz kid” and his stock newsletter company in Los Angeles have agreed to pay nearly $1.5 million to settle charges that they defrauded subscribers through false statements […]
The AUM Fee Schedule: Face-To-Face With A Dinosaur
(Harvest) My first glimpse at the world of financial services was back in 1975 when I served as an intern at the Securities and Exchange Commission while I attended law school. I was assigned to the Division of Investment Management, […]
Citigate Dewe Rogerson Launches Global Hedge Fund Practice
(Fin Alternatives) International financial and corporate communications consultant Citigate Dewe Rogerson has launched a new hedge fund practice centered on London, New York, Hong Kong and Singapore. To read this article:
Lyxor: Hedge Fund Index Flat as CTAs Shine and Macro Falters
(Fin Alternatives) Hedge fund strategies with the most directionality fared the best over the past week, according to the latest data from Lyxor Asset Management’s Weekly Brief. To read this article: