Category Archives: Syndicated
Hedge Fund Giants Said to Line Up for U.K.’s Biggest Asset Sale
(Bloomberg)The British government selected CarVal Investors LLC and Elliott Management Corp. to enter a second round of bidding for its largest-ever disposal of U.K. financial assets, according to two people familiar with the process. The U.S. hedge funds are among […]
Another Formerly High-Flying Hedge Fund Bites The Dust
(Barrons) The nation’s largest manager of alternative assets, Blackstone Group, is closing its two-year-old Senfina Advisors after it lost almost a quarter of its value in 2016. It’s a huge about face for this once high-flying hedge fund. As Blackstone’s […]
World’s Largest Hedge Fund to Replace Managers With Artificial Intelligence
(The Guardian) The world’s largest hedge fund is building a piece of software to automate the day-to-day management of the firm, including hiring, firing and other strategic decision-making… To read this article:
Equity Allocations At Six-Month Highs As Managers Bet On ‘Trumponomics’
(FinAlternatives) Global investors have boosted equity holdings to six-month highs, according to a Reuters poll, on bets that the economic, fiscal and trade policies of “Trumponomics” will spur higher growth and inflation. To read this article:
The War Between Wall Street Traders Just Stepped Up a Notch
(The Business Insider) It’s a battle that has been playing out for some time, typically between market participants behind closed doors….Stock exchanges — in particular the New York Stock Exchange and Nasdaq — both publicly traded and for-profit… To read […]
Porsche Holding Wins Hedge Fund Lawsuit at Germany’s Top Court
(Bloomberg) Porsche Automobil Holding SE won a key legal victory in its effort to end years of litigation stemming from a failed attempt to take full control of Volkswagen AG in 2008. Germany’s highest civil court dismissed an appeal by […]
Ray Dalio Developing Software Modeled On His Brain
(New York Post) The founder of the world’s largest hedge fund may not want to live forever — but he hopes his management style will in cyberspace. Ray Dalio, the 67-year-old head of the $160 billion Bridgewater Associates, is having […]
Data Scientists Making Millions Vie With Fund Managers Over Pay
(Bloomberg) Portfolio managers at hedge funds have another thing to worry about: the $2 million data scientist.Matt Ober, who left WorldQuant for Third Point, will be paid more than $2 million by Dan Loeb’s hedge fund, according to a breach […]
Hedge Fund Math: Heads We Win, Tails You Lose
(New York Times) When do 1.5 and 16 add up to 72? That’s the riddle confronting investors in Pershing Square Holdings Ltd., the closed-end fund run by the prominent activist investor Bill Ackman…. To read this article:
Gold Price Drops Again as ETF Investors, Hedge Funds Flee
(Mining.com) Gold was coming under renewed pressure in late trading on Tuesday as negative sentiment swamps retail and institutional investors in the yellow metal.Gold for delivery in February, the most active contract on the Comex market in New York, hit […]
Past Perfect, Future Tense: Global Hedge-Fund Industry in Charts
(Bloomberg) The $3 trillion global hedge fund industry is heading into 2017 amid a widespread backlash from clients who are asking for their money back because of years of poor returns and high fees. The total number of funds in […]
Blackstone Winds Down Senfina Fund
(Reuters) Blackstone Group (BX.N) is winding down its “big bet” hedge fund Senfina Advisors LLC after it faced mounting double-digit losses on its investments this year, a spokeswoman confirmed on Tuesday.It is a rare setback for the private equity titan, […]