(HITC Business) Jefferies Group, the investment bank owned by Leucadia National, said trading revenue surged 86%, a sign volatile markets following the U.K. vote to leave the European Union may not have harmed Wall Street’s bottom line. Bloomberg News reports […]

(Bloomberg) Paloma Partners has boosted assets by $1.3 billion this year, defying a flight of capital from the global hedge fund industry by investors punishing poor performance. The firm now manages $5.3 billion, according to a person familiar with the […]

(Reuters) An activist investment firm that helped oust Viacom’s chief executive this year plans to launch a new fund in the fourth quarter, one of its co-founders said on Tuesday. SpringOwl Asset Management, the three-year-old firm founded by Jason Ader […]

(Above the Law) The classic Wall Street trader is dead. For decades, or even centuries, the professional investment markets were characterized by smart individuals buying and selling stocks, bonds, currencies, and commodities based on intuition, savvy valuation skills, and luck. […]

(Fin Alternatives) Hedge fund performance was mixed at September’s midway point as volatility returned, doubts rose about the strength of the U.S. economy and speculation swirled about the timing of interest rate increases, according to a flash update from Hedge […]

(Bloomberg) Marshall Wace LLP expanded its bets against Deutsche Bank AG even as other investors cut their short positions to the lowest in almost three months. Marshall Wace had a short position valued at $151.1 million on Sept. 16 after […]

(Fin Alternatives) Align Capital Partners has raised $325 million for its debut private equity investment fund, significantly exceeding its original $250 million target and closing at its hard cap. To read this article:

(Bloomberg) Goldman Sachs Asset Management is betting a rally that propelled the dollar to a seven-week high will fizzle. The money manager expects the Federal Reserve to forgo an interest-rate increase this week even after a report Friday showing U.S. […]

(Reuters) Money managers have amassed their largest bullish position in U.S. gasoline in more than three months as pipeline and refinery outages send futures and pump prices of the motor fuel soaring, data showed on Friday. Hedge funds and other […]

(Bloomberg) Hedge funds and money managers trimmed net bearish positions on pound futures for the third week, missing out as the currency fell 2 percent this week. Bets that sterling would fall outnumbered bullish wagers by 82,821 in the week […]

(Harvest) Investors know all too well about the underperformance of the hedge fund industry relative to traditional benchmarks. We won’t talk about that today, but rather look a bit deeper under the hood of the industry to get at the […]