Category Archives: Syndicated
Hedge Fund Hathersage Hires New Senior Portfolio Manager
(FinAlternatives) Currency-focused hedge fund Hathersage Capital Management has hired former Standard Chartered executive Andrew Wilkoff as executive director and senior portfolio manager. to read this article:
High Yield Munis: Too Late to Join the Party?
(Harvest) High yield municipal bonds have experienced a period of strong performance over the last several years. Robust U.S. tax-adjusted performance relative to other asset classes, coupled with U.S. investors’ growing appreciation of federal tax-exempt income in a low-rate world, […]
Och-Ziff’s Head Equities Trader Joseph Samuels Said to Resign
(Bloomberg) Joseph Samuels, head of U.S. equities trading at Och-Ziff Capital Management Group LLC, left the firm, according to people with knowledge of the matter. Samuels, 41, an executive managing director, departed on Tuesday after 13 years at the hedge-fund […]
Hedge Fund Calls New York Times Article a ‘Distortion’
(New York Times) Bridgewater Associates, the world’s largest hedge fund, released a statement on Thursday taking issue with what it called “significant mischaracterizations” and a “distortion” of some of its business practices and culture that were described in an article […]
Wellington Hedge Fund Manager Who Backed Fintech Unicorns Is Having A Terrible Year
(Forbes) Nicholas Adams has long been one of the most prominent partners at Wellington Management, the Boston-based firm that oversees $943 billion and is known for being the biggest sub-adviser of Vanguard mutual funds. But Adams works in Wellington’s hedge […]
Alaska’s $53 Billion Permanent Pool to Exit Funds of Hedge Funds
(Bloomberg) Alaska’s $53 billion wealth fund plans to exit all of its funds of hedge funds and will instead make investment decisions in-house. Alaska Permanent Fund Corp. plans to pull all of the $2 billion it has invested in liquid […]
Investors pulled a whopping $20.7 billion from hedge funds in June
(Yahoo Finance) Hedge funds suffered some big redemptions in June, with investors pulling approximately $20.7 billion in the month alone, making it one of the largest non year-end outflows since 2009, according to a new eVestment Hedge Fund Asset Flows […]
AllianceBernstein: Deal to Buy Visium’s Global Fund ‘Not Feasible’
(Fin Alternatives) Plans for embattled hedge fund company Visium Asset Management to sell its $2.5 billion Visium Global Fund to AllianceBernstein, under doubt since Ken Griffin’s Citadel hired several Visium portfolio managers that would have been part of the deal, […]
Deutsche Bank Slump Hits Hedge Fund Unit It’s Trying to Grow
(Bloomberg) Deutsche Bank AG said second-quarter revenue dropped at its prime finance unit, extending a slump beyond businesses that Germany’s largest lender is seeking to exit as client concerns added to volatile markets. The prime finance division, which caters to […]
Tests of Equity Market Hedging: U.S. Hedge Funds
(Harvest) We analyze approximately 600 hedge fund long U.S. equity portfolios that are tractable from regulatory filings. Note that roughly half of U.S. hedge fund portfolios are impossible to analyze accurately due to the quarterly data frequency and high turnover. […]
Hedge Fund Industry AUM Falls Back Below $3T
(Fin Alternatives) Investor redemptions of $20.7 billion in June pulled global hedge fund assets back down below the $3 trillion threshold at the end of first half, according to the latest Hedge Fund Asset Flows Report from industry data provider […]
Managing money in the past year has been like ‘Game of Thrones’
(Yahoo Finance) Hedge fund billionaire Daniel Loeb, the founder of Third Point LLC, has eloquently summed up for investors what it’s been like to manage a portfolio in the last year. It’s just like “Game of Thrones.” “Watching Jon Snow’s […]