Category Archives: Syndicated
In Hedge Funds, Skin in the Game Is Critical
(Reuters) You might want to make sure your hedge fund managers have lots of skin in the particular game you are playing alongside them. You might also want to make sure they don’t grow a fund too large. Those are […]
US Stocks Haven’t Been This Unpopular Since the Financial Crisis
(The Business Insider) Investors are souring on US stocks to an extent not seen since the start of the financial crisis. Global fund managers have a 20% net underweight allocation to US equities, which is the lowest since January 2008, […]
Goldman’s Rotten Trading Quarter is a Familiar Smell on Wall Street
(Reuters) Big Wall Street banks have spent billions of dollars and untold man-hours in recent years transforming their trading desks from hedge-fund like operations trading on their own account into market-making businesses offering a price based on what customers want […]
Misperceiving Risk and Pricing for Perception
(Harvest) Low Treasury yields and high equity prices aren’t necessarily contradictory. Both suggest expectations of continued unexciting growth, low inflation and a steady Fed. What could go wrong? Central banks are usually better at creating asset price bubbles than deflating […]
Hedge Funds Post Positive Monthly Returns In H1 for First Time Since 2007
(Investment Week) Hedge funds returned 0.57% in June, bringing year-to-date gains to 4.87%, the highest H1 performance the industry has seen since the first half of 2009, when it achieved returns of 16.94%. June was also the sector’s eighth consecutive […]
Castlewood Select Books +10.3% In First Half As Market Concerns Grow
(FINalternatives) Mark Wittenstein’s Castlewood’s flagship Select Opportunity Fund booked a net +6.5% return for the second quarter of 2017, according to performance data seen by FINalternatives, bringing the vehicle’s first-half performance up to a net +10.3%. To read this article:
Eurekahedge: Industry AUM Growth Strong Through Midyear
(FINalternatives) Nearly three-quarters of fund managers are in positive territory for the year to date through June, while another 18% have outperformed the MSCI AC World Index (Local) for the period, according to new research from Eurekahedge, helping keep capital […]
Macro Hedge Fund to Return Profits to Clients After Surging 12%
(Bloomberg) Hedge fund manager Guillaume Fonkenell is returning profits to investors from his $5 billion macro fund after it beat rivals this year. The Pharo Macro Fund, which climbed about 12 percent in the first half, will return those gains […]
Citigroup to Pick Frankfurt as EU Base This Week
(Reuters) U.S. bank Citigroup Inc (C.N) is set to become the latest Wall Street bank to pick Frankfurt as its European Union base this week in preparation for when Britain leaves the European Union, two sources told Reuters on Monday. […]
The World’s Largest Hedge Fund Is Down for the Year in a Key Fund
(CNBC) Bridgewater Associates’ Pure Alpha II Fund, a macro strategy within the world’s largest hedge fund, declined 2.5 percent during the first half of this year, according to a person with knowledge of the matter. The fund’s decline compares with […]
Less Not More Is Key to Efficient FX Markets, Deutsche Bank Finds
(Reuters) Conventional wisdom has it that as more participants join a market, it leads to better price discovery and therefore greater efficiency. Not so, according to a study of the world’s foreign exchange markets by Roel Oomen, global co-head of […]
Wealthy Investors Are Leaving Hedge Funds for Real Estate
(Bloomberg) Wealthy investors boosted bets on real estate and left hedge funds and equities as concern over high valuations and geopolitical risk push them back to basics. They had 33 percent of their portfolios on average in real estate at […]