Category Archives: Syndicated
Hedge Funds Bet Billions on Hopes of an Abe Win
(Bloomberg) In the two weeks before Prime Minister Shinzo Abe called a snap election, foreign investors using the futures market — which are often hedge funds — suddenly turned hugely positive on Japanese shares. Foreigners bought a net 2.1 trillion […]
Odey, Lansdowne Hedge Funds See Declines in September
(Bloomberg) Odey European sheds estimated 4.9% in first 15 days of month….Lansdowne’s main fund is down 2.2% this month through Sept. 15 To read this article:
Crypto-Currencies Can’t Salvage Hedge-Fund Junkies
(Bloomberg) Hedge-fund star Mike Novogratz thinks he has crypto-currencies figured out. The one-time manager of Fortress Investment Group’s flagship macro fund is pinning his comeback hopes on digital coins. Their volatility is alluring when tranquil markets are depressing industry returns. […]
Governments Will Close Down Bitcoin and Cryptocurrencies if They Get Too Big,
(CNBC) JPMorgan Chase Chief Executive Jamie Dimon has laid into bitcoin and digital currencies once again, warning that governments will shut them down if they grow too large. “Right now these crypto things are kind of a novelty. People think […]
The Massive Hedge Fund Betting on AI
(Bloomberg) As chief executive officer of one of the world’s largest hedge funds, Luke Ellis prides himself on a healthy appetite for risk. “My job,” he says, “is to not blink.” About five years ago, he did, though—in a big […]
Puerto Rico Bonds Plunge Again as Investors Face Lower Recovery Than Expected
(CNBC) Prices for already beleaguered Puerto Rican debt fell to record lows on Tuesday as investors realized that the devastation from Hurricane Maria made it likely they would receive even less principal than previously thought.Puerto Rico’s 8 percent general obligation […]
Hedge Fund Paulson & Co Calls for Joint Shareholder Action vs Gold Miners
(Nasdaq) New York-based Paulson & Co, led by longtime gold bull John Paulson, called on Tuesday for the world’s biggest investors in gold-mining stocks to form a coalition to tackle miners’ “dreadful” performance as it launched a blistering attack on […]
Louis Dreyfus’s $1.4bn Commodity Hedge Fund to Shut
(Bloomberg) The hedge fund run by Louis Dreyfus Holding BV will close by the end of 2017, joining a wave of commodity-investment vehicles that have shut in recent years. All funds and investments run by Edesia Asset Management BV will […]
Invesco May Buy Guggenheim Partners’ ETF Business in Deal Topping $1bn
(CNBC) U.S. money manager Invesco may announce a deal to purchase Guggenheim Partners’ exchange-traded fund business on Thursday, the Financial Times reported on Wednesday, citing two people familiar with the matter. To read this article:
Man Group Promotes Turner to CEO of FRM Unit
(FINalternatives) Global hedge fund manager Man Group has promoted Michael Turner to the position of chief executive officer of the company’s Man FRM hedge fund investment unit. Turner was previously chief operating officer of Man FRM, one of five units […]
Ex-HSBC Trader Charges Are ‘a Government Mistake’
(HITC Business) Fraud charges against a former HSBC foreign-exchange trader are “a governmental mistake,” his lawyer said, calling his actions “consistent with standard practice” in the currency market. Bloomberg News reports that U.S. prosecutors claim the trader used his “expert” […]
This Startup Is Luring Top Talent With $3m Pay Packages
(Bloomberg) China may have a reputation for low wages and sprawling factories. But in a sign of changing times, one startup founder has embraced a strategy of paying top employees the highest salaries in the market — and so far […]