Monthly Archives: September 2016
Two Large Investment Advisory Firms Charged With Compliance Failures in Wrap Fee Programs
(HedgeCo.Net)— The Securities and Exchange Commission today announced that two investment advisory firms are settling charges related to compliance failures within their wrap fee programs. SEC investigations found that St. Petersburg, Fla.-based Raymond James & Associates and Milwaukee-based Robert W. […]
HFR: HFRI Index Gains 0.40% in August As Volatility Falls
(Fin Alternatives) Led by strong performance in activist and energy strategies, HFR’s benchmark HFRI Fund Weighted Composite Index notched its sixth consecutive monthly gain last month with a +0.40% return. To read this article:
Alternative Investors Face Difficulty Finding Right Opportunities
(Fin Alternatives) Investors across all alternative asset classes are finding it harder to source attractive investment opportunities than twelve months ago, according to a new survey from industry data provider Preqin. To read this article:
Private Equity Is the New Hedge Fund
(Bloomberg) Hedge funds have served publicly as this year’s whipping boy for angry investors. They’ve been hammered with some of the biggest withdrawals since the credit crisis and are being forced to drop their fees. Less discussed, however, is just […]
Investors Prefer Computer-Run Hedge Funds to Traders
(New York Post) Investors are unhappy with activist hedge fund performances — unless the fund is run by a computer. Nearly 80 percent of investors surveyed by Preqin said performance of hedge funds has not lived up to expectations over […]
Family Offices Back Away From Hedge Funds After Returns Decline
Bloomberg Family offices, which manage the money of wealthy clans, are growing wary of hedge funds. Offices reduced their exposure to hedge funds, which have mostly underperformed stock markets since the financial crisis, by 10 percent in the 12 months […]
Surge In Passive Strategies Will Be Boon – Hedge Fund Executive Okada
(Reuters) Money moving from hedge funds and other active investment managers to low-cost passive strategies will ultimately be a boon for professional money managers, according to Mark Okada, co-founder of Highland Capital Management. “All of this chasing of beta and […]
Ex-Guggenheim Hedge Fund Deimos Asset Management to Close
(Pension & Investments) Deimos Asset Management, the multistrategy hedge fund that was previously housed within Guggenheim Partners, is closing its doors less than two years after its inception, citing a difficult fundraising environment. “Despite our many successes — including minimal […]
SEC Whistleblower Program Surpasses $100 Million in Awards
(HedgeCo.Net) The Securities and Exchange Commission’s awards to whistleblowers have surpassed the $100 million mark with the program’s second-largest award of more than $22 million. The whistleblower program was established by Congress to incentivize whistleblowers with specific, timely and credible […]
This Hedge Fund Made 2,100% From World’s Most Extreme Market Mania
(Bloomberg) Plenty of professional investors like to tout their talent for turning volatility into opportunity. Few have managed to deliver on that promise as well as Wang Bing. With deft timing and the magnifying power of leverage, the 37-year-old trader […]
Will Hedge Funds Help or Hurt During the Next Market Correction?
(Fin Alternatives) Most investors have become accustomed to quick rebounds when markets correct, but as pointed out by Agecroft Partners’ Don Steinbrugge, asset allocation decisions should always consider the potential tail risk in portfolios, and how hedge funds have the […]
Family Offices Back Away From Hedge Funds After Returns Decline
(Bloomberg) Family offices, which manage the money of wealthy clans, are growing wary of hedge funds. Offices reduced their exposure to hedge funds, which have mostly underperformed stock markets since the financial crisis, by 10 percent in the 12 months […]