Category Archives: Syndicated
The world’s biggest hedge funds have loaded up on these 10 stocks
(Yahoo Finance) During the second quarter, the 50 biggest hedge funds started buying stocks again, increasing their equity exposure by 0.3%, according to a new report from FactSet. Hedge funds bought consumer stocks, while they sold off financials and healthcare, […]
Big Four Banks Sued by US Hedge Funds over BBSW
(Financial Review) The big four Australian banks, Macquarie and a dozen international investment banks who were members of the panel that set the bank bill swap rate, a key benchmark interest rate, have been sued in the US District Court […]
When Hedge Funds Are Paid to Be Too Big
(Reuters) Combine the standard hedge fund compensation model with the reality of declining fund performance as assets under management increase and you have a whopping conflict of interest. Unlike mutual funds, hedge funds typically get an incentive fee, usually 20 […]
Steve Eisman’s Next Big Short Is Hedge Fund Fees
(Bloomberg) Steve Eisman made his name and fortune by foreseeing the collapse of subprime mortgage securities. Now he’s betting against a different kind of Wall Street money machine. He thinks hedge fund fees are going to tumble. Eisman works at […]
The Quants Are Taking Over Wall Street
(Forbes) Paul Tudor Jones helped define the rich hedge fund industry by placing big contrarian trades that made him a billionaire, like anticipating the 1987 stock market crash. But in 2001 he quietly made one of his best trades ever […]
Och-Ziff Jumps as Hedge Fund May Be Spared in Bribery Probe
(Bloomberg) Shares of Och-Ziff Capital Management Group LLC, which is under investigation by U.S. authorities for bribery, rose on news that the hedge fund firm’s main business may avoid conviction in the probe. The New York investment firm, which is […]
Hedge Fund Maglan Demands Removal of Four Fairpoint Board Members
(Reuters) Hedge fund Maglan Capital demanded on Wednesday that telecom carrier FairPoint Communications remove four board members, stepping up pressure on a company whose shares it believes could trade 70 percent above their current value. In a letter sent to […]
As Hedge Fund Rout Deepens, Japan Post Considers to Invest
(Bloomberg) After struggling to attract money, smaller Asian hedge funds may be about to get some relief, courtesy of a $2 trillion Japanese asset manager. Japan Post Bank Co.’s investment division is considering backing smaller or newly created Asian hedge […]
Hedge Funds Relinquishing Shorts as S&P 500 Hovers Around Record
(Bloomberg) The steady drumbeat of gains that has lifted the S&P 500 Index in six of the last seven weeks is making life difficult for bears. Hedge funds that aim to profit from long and short bets have raised net […]
China Buoys MSCI Inclusion Odds With Hong Kong-Shenzhen Link
(Bloomberg) China has boosted the chance of getting its domestic stocks included in MSCI Inc.’s main benchmarks after approving a program that will allow investors in Hong Kong to trade equities on the Shenzhen exchange. By further opening its $6.5 […]
Tudor Said to Cut 15% of Workforce After Withdrawals, Losses
(Bloomberg) Billionaire Paul Tudor Jones dismissed about 15 percent of the workforce in a shakeup at his hedge fund that’s reeling from more than $2 billion in investor withdrawals this year. Tudor Investment Corp., which oversees $11 billion and employs […]
Northern Trust: ‘Slow Growth Angst’ To Drive 5-Year Returns
(Fin Alternatives) New research from global asset manager Northern Trust shows the firm expects most investments to generate single-digit positive returns over the next five years, predominantly due to slow economic growth and persistent low interest rates. To read this […]