Monthly Archives: September 2018
Hedge funds continue to struggle as asset weighted returns for the year turn negative
(Hedgeweek) The Eurekahedge Hedge Fund Index was flat-to-marginally positive at 0.05 per cent during August, trailing the MSCI AC World Index (Local) which gained 1.06 per cent over the month. To read this article:
For Hedge Fund Stars, Being Right in 2008 Proved to Be a Curse
(Bloomberg) It was the spring of 2008, and David Einhorn gave the most memorable speech of his career. At a conference in Manhattan, the hedge fund manager took to the stage at the standing-room-only concert hall and delivered a scathing […]
LCJ Investments Joins Kettera’s Hydra Marketplace
(Hedgeweek) LCJ Investments is to offer its discretionary-driven FX strategy on Hydra, Ketera Strategies’ managed account marketplace for macro, commodities and liquid equity hedge fund strategies. LCJ’s Macro Strategy is a discretionary, fundamentals-based, global macro program that expresses its views […]
Two Brokers Charged With Defrauding Customers
(HedgeCo.Net) The Securities and Exchange Commission charged two brokers for recommending excessive levels of trading that were costly for retail customers but lucrative for the brokers. In separate complaints filed in federal court in Manhattan on Friday, the SEC alleges […]
Alternative investment industry to grow by $2.5 trillion in next three years
(Hedgeweek) The size of the alternative investment industry will grow by USD2.5 trillion in the next three years, according to new research from international asset manager Fidante Partners. To read this article:
Higher volatility puts low beta strategies in a sweet spot
(Hedgeweek) Low beta strategies outperformed in the hedge fund space last week. Merger arbitrage, which structurally has a low beta versus equity markets, was the sole strategy in positive territory, according to the latest Weekly Brief from Lyxor’s Cross Asset […]
Hedge fund Tiger Global ups stake in Fiat Chrysler to $1 billion
(Reuters) – U.S. hedge fund Tiger Global Management has raised its stake in Fiat Chrysler Automobiles (FCHA.MI) to 873.3 million euros (767,919 pounds), a recent filing with the Dutch regulator showed. Tiger, which runs around $22 billion in assets in […]
Hedge funds turn bullish again on oil:
(Reuters) – Hedge fund managers have turned bullish again towards crude and fuels, adding a significant number of new long positions in the last two weeks, after spending much of the previous four months liquidating positions. Hedge funds and other […]
A Stock-market Bear Signal Is At A More-than-4-decade High, Says Goldman
(Yahoo News) A gauge of bullish and bearish momentum in the U.S. stock market is ringing alarms for strategists at Goldman Sachs. The investment bank’s so-called bull-bear indicator, which examines five market factors, indicates that the likelihood of a bear […]
An Introduction to Quantitative Investing: Special Risks and Considerations
(Hedge Fund Law Report) Although both quantitative and fundamental strategies expose fund managers to similar risks, a quantitative manager’s heavy dependence on technology and mathematical models means that it must consider and address those risks differently. It must, for example, […]
Hedge Funds Wager $3bn on The Pound Plunging This Year Amid no Deal Brexit Fears in The City
(Opalesque) Hedge fund bosses, including Crispin Odey, are wagering billions on a slump in the pound as bets against the currency reach their highest level in over a year. A 2.8bn bet against the pound has been taken amid no-deal […]
Rise in Asset Correlations Signals Risk of Volatility, Citi Says
(Bloomberg) Major asset classes have been moving ever more in lockstep over the summer, which increases the risk of a spike in volatility, according to Citigroup Inc. The correlation between U.S. Treasuries, the S&P 500 Index, crude oil and the […]