(Bloomberg) Steve Cohen’s new hedge fund is hitting a little turbulence. One of Point72 Asset Management’s senior staff — Jeff Miller, co-head of U.S. trading — has left the firm, according to people familiar with the matter who asked not […]

(Reuters) The US Collateralized Loan Obligation (CLO) market may be heading for a record year in 2018 as investors seek floating-rate assets as a hedge to rising interest rates. More than US$117bn of US CLOs was raised in 2017, the […]

(Investment Week) Emerging markets strategies posted the strongest hedge fund returns in 2017, driven by the performance of India- and China-focused funds, data from eVestment shows. Emerging markets funds posted average returns of 19.7% for the year, compared to 8.8% […]

(Hedgeweek) Hedge funds focused on India and China were the strongest overall performers in the hedge fund industry in 2017, according to eVestment’s December 2017 Hedge Fund Performance Report. Overall the global hedge fund industry experienced a strong year, returning […]

(Reuters) Aurelius Capital Management, a major Puerto Rico bondholder, asked a federal judge on Wednesday to throw out the U.S. territory’s historic bankruptcy, challenging the constitutionality of the board overseeing the island’s finances. To read this article:

(Hedgeweek) Hedge funds gained 1.21 per cent in December according to the Barclay Hedge Fund Index compiled by BarclayHedge. The index was up 10.44 per cent at the end of 2017. “Tax reform in the US helped to propel the […]

(Reuters) Alibaba, Tencent and AAC Technologies helped Hong Kong-based Oceanwide Asset Management make gains of 43 percent last year in its China equities hedge fund. Selective stock-picking by Oceanwide’s team led to the long-short strategy becoming the top-performing fund in […]

(Bloomberg) Pierre Andurand, one of the most bullish oil hedge fund managers, gained 2.2 percent last year after a strong December performance allowed his eponymous fund to recover from months of losses, according to people familiar with the matter. The […]

(New York Post) Hedgie Bill Ackman on Wednesday ripped a page from a discount retailer’s playbook — he put his product on sale. Ackman’s Pershing Square fund — after posting losses in each of the past three years — said […]

(Reuters) U.S. President Donald Trump’s former campaign manager Paul Manafort faced a new legal headache on Wednesday after a Cyprus-based company tied to a Russian oligarch sued him and his business partner Richard Gates over allegations they committed financial fraud […]

(Opalesque) Opalesque Industry Update: Hedge funds closed the final month of 2017 in positive territory with the Eurekahedge Hedge Fund Index up 0.84% in December while the MSCI World Index finished the month up 1.19%. For 2017 as a whole, […]

(Opalesque) FundSeeder Technologies, whose platform tracks thousands of independent traders, has published statistics that show smaller traders, or so-called “emerging managers,” can dramatically outperform established hedge fund managers. According to data recently made available by FundSeeder, as of the end […]