Category Archives: Syndicated
Ex-Pershing Square Partner Hilal Preps New Fund
(Reuters) A former partner at Pershing Square Capital Management is preparing to launch a new fund, according to a U.S. regulatory filing.Paul Hilal, who left Pershing Square in January, is launching Mantle Ridge LP, a New York-based investment fund, the […]
US Hedge Fund Industry Holds $2.2trn in Assets
(Hedgeweek) The US is the dominant component of the global hedge fund community, accounting for 72 per cent of the approximately USD3.1 trillion of global assets under management (AUM), as of 30 June 2016, according to data released by Preqin. […]
Liquidity Illusion Burns Traders Blindsided by Pound’s Crash
(Bloomberg) The inexplicable volatility that roiled the British pound last week came as no surprise to Bank of America Corp., which just days earlier warned that liquidity in the $5.1 trillion-per-day global currency market was far worse than anyone imagined. […]
Hedge Funds Holding Puerto Rico GOs Sue Over Sales-Tax Bonds
(Bloomberg) Hedge funds holding Puerto Rico’s general-obligation bonds are asking a court to stop the commonwealth from directing sales-tax revenue to repay other debt backed by that money because it violates the island’s constitution. It is the first legal action […]
Hedge Funds Came Prepared For Last Week’s Gold Price Plunge
(Mining.com) On Monday gold staged a bit of a comeback with December futures trading on the Comex market in New York exchanging hands at $1,265.20 an ounce in European trade, up more than $13 from Friday’s close. Gold has been […]
Samsung to ‘review’ split plan, shares hit record high
(Yahoo Finance) Samsung Electronics responded warily Thursday to a proposal by US hedge fund Elliott Management to split the South Korean tech giant into two companies but markets cheered the plan, sending its shares to a record high. “We will […]
NXT Capital Raises $312M For Fourth Private Debt Fund
(FinAlternatives) NXT Capital LLC has announced the fourth and final close of its fourth private debt fund, raising $312 million for senior secured loans made primarily to private equity-sponsored middle market companies across a wide range of industries in the […]
Two Hedge Funds Paring Back Short Positions in Deutsche Bank As Confidence Returns
(FinAlternatives) Hedge funds Marshal Wace and Discovery Capital Management are reportedly unwinding large short positions taken in Deutsche Bank as confidence about the German institution’s stability increases. To read this article:
Preqin Special Report: Hedge Funds in the US
(Preqin) The US is home to more hedge fund managers, institutional investors and hedge fund capital than any other country in the world; nearly three out of every four dollars invested in hedge funds are managed by a US-based hedge […]
Hedge Funds’ Ballooning Bet on Sugar Sparks Worries on Bust
(Bloomberg) The story behind the best gains in commodities this year isn’t just about supply and demand. Hedge funds have amassed the biggest ever bullish position in sugar, helping send prices up 52 percent this year, more than any other […]
Two Big Hedge Funds Unwind Bets Against Deutsche in Sign Of Confidence
(Reuters) Two leading hedge funds which made big bets on Deutsche Bank shares falling are now reducing their “short” positions, in a sign of confidence in the stability of the lender.Germany’s biggest bank has been in turmoil since mid-September when […]
Camares Capital Said Liquidating $500 Million Hedge Fund
(Bloomberg) Camares Capital LLP, a hedge fund started by former Deutsche Bank AG traders in 2013, is liquidating, according to two people with knowledge of the matter. The London-based firm managed about $500 million and is in the process of […]