Monthly Archives: September 2023
Dollar is too risky too short, say hedge funds
(Hedgeweek) The US Federal Reserve’s apparent ‘higher-for-longer’ thinking on interest rates, coupled with rising Treasury yields, means that the current rally in the US dollar has further to go, making the greenback “too risky to short”, according to a report […]
Jain continues recruitment drive ahead of 2024 hedge fund launch
(Hedgeweek) Former Millennium Management executive Bobby Jain is continuing preparations for what is expected to be one of the biggest hedge fund debuts in history by making a number of key appointments and securing office space around the world, according […]
Man Group completes Varagon acquisition
(Hedgeweek) Man Group has completed its previously announced acquisition of Varagon Capital Partners, a US middle market private credit manager with $11.8bn of assets under management and $15.4bn of total client commitments, having received all necessary regulatory approvals. To read […]
FSB issues hedge fund synthetic leverage warning
(Hedgeweek) The Financial Stability Board (FSB) has warned that some hedge funds now have “very high levels of synthetic leverage”, debt created by the use of derivatives or other financial instruments that frequently does not show up on balance sheets, […]
China’s exports drop by 8.8% in August as trade slump persists
(CNBC) China reported Thursday another monthly decline in imports and exports, albeit less steep than expected. Exports in U.S. dollar terms fell by 8.8% in August from a year ago. That’s better than the 9.2% drop forecast by a Reuters […]
Apple and Arm sign deal for chip technology that goes beyond 2040
(CNBC) The news indicates that Apple has secured access to a core piece of intellectual property, the Arm architecture, used in its iPhone and Mac chips, for the foreseeable future. Arm, owned by SoftBank, is set to debut on the […]
Apple buying Disney would be a storybook ending for Iger, but fairy tales aren’t real
(CNBC) Apple almost never buys name-brand companies. Its largest takeover was 2014?s $3 billion deal for Beats Electronics. Apple is strict about its culture and its focus. While Microsoft has acquired its way to increased scale — buying Activision Blizzard […]
Interest rate rises up hedge fund performance pressure
(Hedgeweek) The dramatic increase in global interest rates over the past 18 months has prompted hedge fund investors to warn managers that they face an increased risk of redemptions and pressure to cut fees unless they can improve their performance, […]
Private Equity Firm Prime Group Charged for Inadequate Disclosure of Fees
NY-based company to pay $20.5 million to settle charges. (HedgeCo.Net) The Securities and Exchange Commission has charged Prime Group Holdings LLC, a private equity firm focused on alternative real estate asset classes, for failing to adequately disclose millions of dollars […]
Despite a wider slowdown HNWIs ‘remain convinced’ by alternative investments
(Opalesque) High-net-worth investors “remain absolutely convinced” by alternative investments, including venture capital, cryptocurrencies, structured products, and hedge funds – despite a wider slowdown of inflows into the sector. To read this article:
Man Numeric targeting fully digital bond trading by 2025
(Hedgeweek) Man Numeric, the quant investment arm of Man Group, the world’s largest listed hedge fund manager, is aiming to execute 100% of its high-yield and investment-grade bond trades via digital platforms within two years, according to a report by […]
Five Advisory Firms Charged for Custody Rule Violations
(HedgeCo.Net) The Securities and Exchange Commission has filed charges against five investment advisers for failing to comply with requirements related to the safekeeping of client assets. Three of the firms were also charged with failing to timely update SEC disclosures […]