Monthly Archives: September 2015
Ainslie’s Maverick Capital hedge fund off in August, up for year
(Reuters) Lee Ainslie’s hedge fund Maverick Capital lost 1.2 percent last month, performing far better than the broader stock market and still boasting a double-digit gain for the year, an investor source said on Thursday.The $9 billion fund, which mainly […]
Fortress Hedge Fund President Departs Amid Macro Losses
(Bloomberg) Stu Bohart, who oversaw Fortress Investment Group LLC’s hedge fund unit, left the firm after five years.Bohart, the president of Fortress’s liquid markets business, left on Tuesday, said Gordon Runte, a spokesman for the New York-based firm. The departure, […]
Julian Robertson’s Proteges Still Up YTD Despite August Losses
New York (HedgeCo.net) – As the returns for August continue to roll in from various hedge funds, there have only been a handful that actually gained ground in August, but some funds are still reporting substantial year to date gains […]
Several Former SAC Managers Performed Well in August
New York (HedgeCo.net) – Over the last couple of days, several well-known hedge fund managers have released their performance numbers and have shown sizable losses for the month of August. Even as the S&P lost 6.26% on the month, some […]
Manager Models Bounce Back Nicely in Mixed Week
New York (HedgeCo.net) – Last week was a mixed week with the market dropping sharply on Monday, dropping again on Tuesday and then it came roaring back on Wednesday and Thursday before breaking even on Friday. When all was said […]
Chinese Probes Shaking Confidence Of Fund Managers
New York (HedgeCo.net) – As the Shanghai Composite Index continues its volatile ways with a definite downward skew, Chinese authorities have stepped up their investigations as to what is causing the chaotic swings. According to a recent report from Reuters, […]
Ackman Joins Loeb and Einhorn With Big August Loss
New York (HedgeCo.net) – In an article on Tuesday, we pointed out how David Einhorn’s Greenlight Capital and Daniel Loeb’s Third Point lost 5.3% and 5.2% in August. While these two managers might be licking their wounds a little, they […]
Model Spotlight: HedgeCoVest Basic Materials Long/Short Model
New York (HedgeCo.net) Since the end of February, the basic materials sector has been the second worst performing sector, second only to the energy sector. The Materials Select Sector SPDR (NYSE: XLB) was down just over 20% from the beginning […]
Hedge Funds Becoming Less Bearish On Gold
New York (HedgeCo.net) – With the increasingly volatile global stock market changing rapidly, hedge funds and other institutional investors seem to be moving away from their bearish positions on gold. If we look at the Commitment of Traders report from […]
Biogen Patent Survives Challenge By Hedge Fund Manager Bass
(Reuters) In another setback for prominent hedge fund manager Kyle Bass and his campaign to eliminate some drug patents, the U.S. Patent and Trademark Office on Wednesday declined to hold a trial on the validity of a patent on Biogen […]
China Shock a Boon for This Hedge Fund That Bets on Volatility
(Bloomberg) 36 South Capital Advisors, a London-based volatility hedge fund, profited from China’s surprise devaluation when it triggered a global market rout that spurred losses in an index of its peers. Three of 36 South’s strategies, which bet on rising […]
China Hedge Funds Face Worst Month In 16-years
(Bloomberg) China-focused hedge funds probably had their worst month in almost 16 years in August, with firms including Orchid Asia Group Management and APS Asset Management Pte suffering losses from the nation’s stock market collapse. Greater China hedge funds plunged […]