Category Archives: Syndicated
Goldman’s Blankfein: More Confident, ‘Market Has Improved’ Despite Low Growth
(CNBC) Goldman Sachs CEO Lloyd Blankfein said that the market has generally improved despite a low growth environment… To read this article:
Some Funds Post Mega-Gains, Brighten Industry Gloom
(Reuters) Hedge funds have suffered a steady drumbeat of bad news this year: poor performance, withdrawals, prominent closures, bribery and insider trading charges, and accusations from a state regulator that the whole sector is a “rip-off.”Yet amid the gloom there […]
Hedge Funds Mark Highest Quarterly Performance For Three Years!
(Valuewalk.com) The Preqin All-Strategies Hedge Fund benchmark recorded gains of 0.91% in September, marking the seventh successive month of positive performance as the industry delivered returns of 4.06% through the third quarter. These gains mark an improvement from both Q2 […]
Morgan Stanley profits soar like it’s the ‘80s all over again
(New York Post) Wall Street’s having flashbacks. Morgan Stanley’s revenue surged in the third quarter after a rough start to the year…James Gorman’s bank reported $1.6 billion in profit on Wednesday for the three months ending Sept. 30, a 57 […]
Number of Hedge Fund Start-Ups Plummets
(Straits Times) Asia hedge funds are opening at the slowest pace since the turn of the century.Just 27 new funds started trading in Asia in the first nine months of this year, the fewest since 2000 when 56 funds opened, […]
Brevan Howard Cuts Management Fee for Listed Macro Hedge Fund
(Bloomberg) Brevan Howard Capital Management LP won’t charge a management fee on profits generated by BH Macro Ltd., a listed fund that invests in the main hedge fund run by the firm. The policy came into effect on Oct. 3, […]
Paulson’s 2016 Loss Mounts With Advantage Fund Down 18.5%
(Bloomberg) John Paulson is suffering deepening losses in two of his hedge funds, a sign that the positive turnaround in performance seen by several managers this year may be out of reach for the billionaire. Paulson & Co.’s Advantage fund, […]
Hedge Fund Star Kyle Bass Sees ‘Stagflation’ Coming in 2017
(CNBC) The U.S. economy is moving into a period of higher inflation but still-tepid growth, posing a difficult investing environment, famed short-seller Kyle Bass said Wednesday.Bass, who made his name betting against subprime mortgages ahead of the 2008 financial crisis, […]
Troubled hedge fund Platinum just filed for bankruptcy
(Business Insider) Two Platinum Partners hedge funds have sought U.S. Chapter 15 bankruptcy protection as part of an ongoing liquidation effort, according to court documents filed in New York federal court Tuesday. To read this article:
Credit Suisse to Start Quant Funds in Asset Management Push
(Bloomberg) Credit Suisse Group AG is starting two hedge funds focused on quantitative strategies as part of a broader effort to build the bank’s asset management unit, according to a person with knowledge of the matter. The two funds, Qube […]
New Hedge Fund Manager Mill Hill Capital Seeded by Protégé Partners
(FinAlternatives) David Meneret’s new relative-value credit manager, Mill Hill Capital, has been backed by a significant investment from hedge fund seeder Protégé Partners. To read this article:
Icahn on CNBC: ‘Few Gems in the Market’
(CNBC) Billionaire investor Carl Icahn joined Appaloosa’s David Tepper on CNBC Monday to give a gloomy assessment of the prospects for U.S. stocks, saying many S&P 500 companies are “way overvalued” considering soft economic growth. To read this article: