Category Archives: Syndicated
Hedge Funds Set For Worst Performance Since 2011
(Valuewalk) The hedge fund industry is heading for its worst first half performance since 2011, according to Hedge Fund Research Inc.’s Global Hedge Fund Index. For the year to June 29, the hedge fund index lost 1.1% the worst performance […]
Crowded Trades Delivering Hedge Fund Pain
(Valuewalk) The US quantitative risk model at AllianceBernstein was in neutral for months, but jumped several levels right into high risk immediately following the Brexit vote. Their forward-looking global risk management model is showing signs of potential increased volatility ahead. […]
Legendary Hedge Fund Wants to Use Atomic Clocks to Beat High-Speed Traders
(Bloomberg) Patent application no. 14/451,356 has one goal: to outrun the speed demons of Wall Street. The 16-page document was quietly published by the U.S. Patent and Trademark Office in February. Replete with schematic drawings, the filing describes a novel […]
Ray Dalio’s McDonald’s-Inspired Hedge Fund Is Crushing His Flagship Fund
(Fortune) They are the two biggest hedge funds in the world. Bridgewater Associates’ world’s largest hedge fund, run by Ray Dalio, is not only underperforming the market this year, but it’s lagging way behind another Bridgewater fund that basically runs […]
Hedge Funds’ Tech Metamorphosis Seen in Citadel’s Microsoft Hire
(Bloomberg) Silicon Valley watch out. The finance industry is coming after your top managers. Hedge funds are poaching top executives from tech giants to manage their transformation into computer-driven firms full of engineers and mathematicians. Citadel’s hiring of Microsoft Corp.’s […]
Hedge Fund Managers See No Long-Term Brexit Damage in Survey
(Bloomberg) Global market turmoil triggered by Britain’s vote to exit the European Union will have no long-term effect on investments in the U.K., according to hedge fund managers surveyed by Preqin. Almost a quarter of the 67 money managers questioned […]
Wall Street Scion Caspersen Pleads Guilty to $38 Mln Fraud
(Reuters) Former Wall Street executive Andrew Caspersen pleaded guilty on Wednesday to charges that he defrauded investors out of over $38 million, blaming his conduct on a gambling addiction he could not control. Caspersen, who worked at a unit of […]
Gundlach: Gold Remains ‘Best Investment’ Amid Global Instability
(Fin Alternatives) Famed bond investor Jeff Gundlach said on Wednesday that gold remains the best investment amid prolonged global stagnation, record low government bond yields and a European banking system “heading toward insolvency.” To read this article:
A Stronger Yen is The Last Thing That Japan Wants or Needs
(Harvest) The yen’s strength appears most pronounced when compared to the Chinese yuan. This week, the yuan was at its weakest level against the U.S. dollar in more than five months. As the following chart shows, after peaking at an […]
Simons’s Renaissance Technologies Equity Fund Rose 4.6% in June
(Bloomberg) James Simons’s $32 billion Renaissance Technologies saw its quantitative equity hedge fund gain in June as the Brexit vote roiled markets, adding to the outperformance of computer-driven strategies. The Renaissance Institutional Equities Fund was up 4.6 percent last month, […]
D.E. Shaw Affiliate Offers to Buy SunEdison Project for $80 Million
(Reuters) Bankrupt renewable power plant developer SunEdison Inc (SUNEQ.PK) has asked a U.S. bankruptcy court judge to approve the sale of its stake in a California solar project to an affiliate of hedge fund D.E. Shaw. The purchase price of […]
Allocating to Alternative Investments With Dick Pfister
(Daily Alts)Strategic Investor Radio Charley WrightDick Pfister, founder and CEO of AlphaCore Capital, is Charley Wright’s guest on this episode of Strategic Investor Radio. Mr. Pfister has nearly a quarter-century of experience in alternative investments, starting as a floor trader […]