Monthly Archives: September 2017
World’s Biggest Wealth Fund Faces Tighter Reins at $1trn
(Bloomberg) After hitting the $1 trillion milestone this month, the Norwegian wealth fund can expect even more scrutiny going forward. The government is currently looking at a proposal from a committee led by a former central bank governor to separate […]
BoE Sparks Hedge Funds’ Biggest Bearish Sterling Bet Reversal
(Reuters) The Bank of England just gave hedge funds a bloody nose. Warnings from BoE officials – as sudden as they were stark – that interest rates could soon go up have sparked the biggest ever reversal of hedge fund […]
Oil Market Looking ‘Heck of a Lot Better’ Lures Back Hedge Funds
(Bloomberg) Things are looking up for oil and it’s bringing hedge funds back. They haven’t been so bullish on Brent crude since March, and they increased their net wagers on rising West Texas Intermediate prices by the most since December. […]
AIMA/SocGen Study: Portfolios That Include Managed Futures Outperform
(FINalternatives) Investment portfolios that include managed futures funds perform better and reduce more risk than those without them, according to new research from the Alternative Investment Management Association (AIMA). The new paper, entitled “Riding the Wave,” was published jointly by […]
Hedge Fund Positions in Oil Look Stretched
(Reuters) Hedge funds have become strongly bullish on the outlook for all parts of the petroleum complex, amid signs global crude stocks are declining and fuels will be short supply after hurricane-related refinery outages. But with so many fund managers […]
Perry’s TeamCo is Latest Hedge Fund Industry Casualty
(Nasdaq) David Perry plans to end the main operations of TeamCo Advisers LLC by early 2018 and ultimately shut the firm, he told Reuters in an interview, making his San Francisco-based business the latest casualty in the struggling fund of […]
Telecommunications Company Paying $965 Million For FCPA Violations
(HedgeCo.Net) Sweden-based telecommunications provider Telia Company AB has agreed to pay $965 million in a global settlement with the Securities and Exchange Commission, U.S. Department of Justice, and Dutch and Swedish law enforcement to resolve charges related to violations of […]
SS&C GlobeOp: Forward Redemption Indicator Rises To 3.72%
(FINalternatives) Hedge fund redemptions rose slightly in September after accelerating in August, according to new data from fund administrator SS&C GlobeOp, although they were down from year-ago levels for the eighth consecutive month. To read this article:
Best Hedge Fund on India Says Expect 7 Good Years in Next 10
(Bloomberg) The top-performing hedge fund focused on India isn’t scared by equity valuations that are the most expensive in 10 years and predicts Asia’s third-largest economy will have seven good years in the next decade. Rahul Khanna, chief investment officer […]
How to Survive Wall Street’s Robot Revolution
(Bloomberg) Wall Street’s robot revolution has begun. JPMorgan Chase & Co. is rolling out a program called LOXM that executes equities trades so well, it’s replacing the humans who used to do that. Goldman Sachs is in the midst of […]
HFRU Composite Index Gains +0.44% Through Mid-September
(FINalternatives) The HFRU Hedge Fund Composite Index, which measures UCITS compliant hedge funds, has gained +0.44% so far in mid-September, according to a flash update from Hedge Fund Research. To read this article:
Ray Dalio’s Advice for Donald Trump
(Yahoo News) “As a leader of the country, what are the principles that bind us together?” Ray Dalio asks in a discussion about President Trump’s management skills. Dalio, founder and chief investment office of Bridgewater, the biggest hedge fund in […]