Monthly Archives: September 2015
We may be approaching the end, not the beginning, of a dark period for stocks’
(Business Insider) Eclectica Asset Management, the UK-based hedge fund founded by Hugh Hendry, faltered in August. Eclectica’s flagship fund fell 7.1% over the month, dragged down by its exposure to European equities. That drop left the fund up 2.7% for […]
Employees and Investors Alike Fleeing Fortress
New York (HedgeCo.net) – In yesterday’s HedgeCo newsletter we featured a story about Fortress Investment Group liquidating a business unit. In Tuesday’s news, there were articles discussing key personnel departures as well as an article discussing the amount of assets […]
Hedge fund exit requests rise in Sept
(Reuters) Investor requests to take cash out of hedge funds rose in September after a torrid August when the funds lost nearly 2 percent on average, data released on Monday. The SS&C GlobeOp Forward Redemption Indicator, a snapshot of withdrawal […]
How Goldman Stepped in to Clinch the $6.5B Solera Deal
(New York Post) Goldman Sachs is getting creative when it comes to making debt-laden deals more regulator friendly. The Wall Street powerhouse, led by Lloyd Blankfein, is helping Vista Partners finance the $6.5 billion takeover of Solera Holdings, a software […]
EX-Hedge Fund Manager Turned Pharmaceutical CEO Charges $750 Today for Life-Saving Drug That Cost $13.50 Yesterday
(Dealbreaker.com) Once upon a time, Martin Shkreli was an investment professional who made a nice chunk of change by doing things like lobbying the Food and Drug Administration “not to approve certain drugs made by companies whose stock he was […]
Hedge Funds Burned By Fed To Set To Unwind Bearish Rate Bets
(Bloomberg) Hedge funds and other speculators were ready to profit last week if the Federal Reserve lifted interest rates. Their bets proved wrong-footed, leaving traders poised to reverse course, according to TD Securities. The net aggregate short position in all […]
Struggling Fortress Liquidating Part Of Hedge Fund Business
New York (HedgeCo.net) – It has been a tough year for Fortress Investment Group and according to the Wall Street Journal, the struggling firm is liquidating part of its hedge fund business. According to the report, Fortress is selling off […]
Hedge Fund Manager’s Bearish Bet on Yuan Finally Pays Off
New York (HedgeCo.net) – Patience is a virtue, or at least that is how the old saying goes, but in the case of Ray Bakhramov, patience is has been very profitable lately. Bakhramov and his Forum Global Opportunities Fund have […]
Biotech Head: Kyle Bass Not the Problem
New York (HedgeCo.net) – Kyle Bass probably isn’t on the invitation lists of very many biotech and pharma companies’ holiday lists, but the head of one biotech firm recently stated that Bass isn’t the problem. In an interview on CNBC’s […]
Exclusive: Hedge fund Aurelius holds Ukraine debt, asking better terms – source
(Yahoo Finance) – A hedge fund that has for years used courts to secure better debt repayment terms from Argentina has accumulated Ukraine sovereign bonds and formed a group seeking improvements to a recent debt workout, a source with knowledge […]
Apple Popular Among Hedge Funds and Analysts
New York (HedgeCo.net) – Apple is one of the most widely held stocks in the world, but that hasn’t kept the stock from falling with the rest of the market. From mid-July through mid-August, the stock fell over 30% to […]
Ray Dalio Is Worried About Next Downturn as Fed Prepares Move
(Bloomberg) — Ray Dalio, founder of $154 billion Bridgewater Associates, said he’s worried about the next economic slowdown because monetary policy will be less effective than in the past. “I don’t care whether they raise 25 basis points,” Dalio said […]