Category Archives: Syndicated
Performance Persistence and Portfolio Style
(Harvest) Common approaches to manager selection do a lousy job since nominal returns and similar simplistic metrics of investment performance revert: Most portfolio performance comes from systematic (factor) exposures, and such metrics merely identify the highest-risk portfolios during the bullish […]
Event-Driven Hedge Fund Manager Gruss Shutting Hong Kong Office
(Bloomberg) Gruss Capital Management, an event-driven hedge fund manager based in New York, is shutting its more than seven-year-old Hong Kong office.Gruss filed a notification to Hong Kong’s securities regulator to cease its asset-management activities in the city from Jan. […]
Hedge Fund Exits Get a Workout
(Bloomberg) Mutual-fund investors are impatient, quick to yank money from funds that perform poorly. That’s the common perception, anyway. But it turns out that hedge-fund investors are similarly impatient, even though they’re often thought of as bigger institutions that make […]
Ontario $57 Billion Fund Loads Up On Bonds Amid Market Turmoil
(Bloomberg) An Ontario pension fund that manages C$77 billion ($57 billion) is seeing so much volatility in global financial markets that it increased fixed-income holdings sixfold. The Ontario Municipal Employees Retirement System fund boosted fixed-income assets to C$25.4 billion at […]
Smart Beta: A Simple, Yet Innovative Strategy Turns 10
(Harvest) In the early 2000s, equity investors could choose between two primary investment approaches. On one hand were actively managed funds whose managers sought to outperform inefficient markets through careful stock selection. On the other hand were index funds, which […]
This Hedge Fund Topped Rivals With Mix of Algorithms and 16th-Century Theory
(Bloomberg) The market turbulence leading investors to flee hedge funds around the world is providing a measure of vindication for one asset manager.First Quadrant LP, which manages $11 billion in foreign-exchange strategies, relies on computer models that crunch data such […]
N.Y. Brokers Lose SEC insider Trading Trial Over IBM Tip
(Reuters) A federal jury on Monday found two former New York stockbrokers liable for trading on confidential tips about an IBM Corp acquisition, despite a major appeals court ruling that made insider trading cases harder to pursue. In a victory […]
Last Year’s Hedge Fund Bloodbath Might Have A Bright Side
(Fortune) Funds are hiring again but in a different way.The spate of hedge fund closures that rocked Wall Street last year might actually be a bounty for others in the industry.A handful of the U.S.’s top performing, large hedge funds […]
Here’s One Hedge Fund Manager Making Money From Negative Rates
(Bloomberg) The man running the hedge fund operations of Danske Bank A/S — the biggest financial conglomerate in the country to have endured the longest stint of negative rates — says he’s found a trade that is unlikely to fail. […]
Hedge Fund Treasury Bets At Most Since 2013 Amid Two-Month Rally
(Bloomberg) Hedge funds are the most bullish on Treasury benchmark 10-year notes in two years, as U.S. government securities head for a second straight monthly gain.Large speculators including hedge funds boosted their positions in Treasury 10-year futures to a net […]
Hedge Funds Flock to Energy Stocks: S&P Cap IQ
(Valuewalk.com) S&P Global Market lntelligence®analyzes the latest quarterly 13F filings to determine the largest hedge funds based on reported equity assets. Further analysis isolates the universe to what S&P Global Market Intelligence believes are pure-play hedge funds that focus on […]
Hedge Funds and Private Equity Pressured to Cut Fees
(Financial Times) Hedge fund and private equity managers have come under renewed pressure to cut fees from three large US pension schemes that have laid out aggressive plans to drive down investment costs. The $60bn Massachusetts state pension fund plans […]