Category Archives: Syndicated
Deutsche Bank Isn’t Lehman Brothers — But There’s a Bigger Issue at Stake
(The Business Insider) Deutsche Bank is going through a crisis, facing a $14 billion fine from US authorities, hedge funds are putting short bets on its stock, and the bank announced further layoffs.Some commenters have been comparing Deutsche’s issues to […]
Carlyle’s ESG Nexus Fund Falls 43% as Bearish China Bet Sours
(Bloomberg) A hedge fund managed by Carlyle Group LP’s Emerging Sovereign Group plunged 43 percent this year through August as its wager against China soured. Brian McCarthy’s Nexus fund saw assets erode to $125 million from roughly $500 million at […]
Crispin Odey Hires Goldbridge Hedge-Fund Co-Founder Shewaram
(Bloomberg) Odey Asset Management LLP has hired Dipankar Shewaram, the co-founder of hedge fund Goldbridge Capital Partners, as a money manager in London. Shewaram said he started at the investment firm run by Crispin Odey last week. He will co-manage […]
Man Group Soars on Quarterly Asset Growth That Beats Estimates
(Bloomberg) Man Group Plc, the world’s largest publicly traded hedge-fund firm, climbed by more than 10 percent in London trading after third-quarter asset growth beat estimates. Net inflows at Man Group were $1.3 billion in the third quarter as investors […]
SEC Said to Demand That Cooperman Agree to Hedge Fund Suspension
(Bloomberg) Wall Street’s top cop demanded that a resolution of its insider-trading case against Leon Cooperman include the billionaire investor accepting a temporary suspension from the hedge fund industry, according to people familiar with the matter. Before suing Cooperman last […]
Hedge funds breathe short sigh of relief in September
(CNBC) September has brought a much-needed reprieve for the global hedge fund industry following a year of mounting criticism and investor agitation over its high fees and disappointing performance. Aggregate hedge funds gained 0.91 percent in September,according to data provider […]
Hedge Fund Aggregate Gains 0.73% as Activist, Distressed Strategies Lead
(FinAlternatives) Performance trends in place within the hedge fund industry since early summer mostly continued in September, according to eVestment’s latest Hedge Fund Performance Report, backed by higher energy and agriculture commodity prices and a positive tendency among developed equity […]
Citadel, Millennium Stage Comeback to Reverse Losses in 2016
(Chicago Tribune) In a year marked by poor performance among many major hedge funds, managers from Citadel to Millennium are on the upswing. After falling 5 percent in February and losing money in June and July, New York-based Coatue Management’s […]
As Trump Falters, a Few Hedge Funds Win Big on Mexican Peso
(Bloomberg) As the Mexican peso plunged day after day against the dollar last month, a handful of hedge funds took notice. The peso, they decided, was being overly punished by investors concerned that Donald Trump would win the election and […]
Why This Hedge Fund Sued Theranos
(Fox Business) Well that was quick. No sooner had Theranos announced a major change in strategy, one of its biggest investors sued the embattled Silicon Valley startup and its infamous CEO, Elizabeth Holmes, alleging the company lied about the extent […]
Bridgewater Posts September Gains in Pure Alpha, All-Weather Funds
(FinAlternatives) Ray Dalio’s Bridgewater Associates posted positive returns in all of its main strategies in September, with the firm’s two Pure Alpha macro funds gaining 0.5% and 0.3%, respectively, and its flagship long-only All Weather fund returning 0.9%. To read […]
Hedge Funds Book 7th Straight Gain As AUM Expansion Falters
(FinAlternatives) Hedge funds booked their seventh consecutive month of gains in September although assets under management expanded at the weakest pace since the financial crisis, according to a flash update from Eurekahedge. To read this article: