Category Archives: Syndicated
Chris Hohn’s TCI Hedge Fund Said To Gain 14% To Beat S&P 500
(Bloomberg) The main investment pool managed by Chris Hohn, the London-based founder of The Children’s Investment Fund Management UK LLP, gained 14 percent in the 11 months through November, according to a person familiar with the matter.The Children’s Investment Fund, […]
Wall Street Stands To Make Billions When Janet Yellen Starts Hiking Rates
(The Business Insider) For at least one part of the banking business, good news is finally around the corner. When the Federal Reserve increases interest rates — which it is expected to do starting this week — lending businesses will […]
Hedge Funds Trim Bullish Dollar Wagers on Brink of Fed Liftoff
(Bloomberg) Hedge funds are less bullish on the dollar even as the final countdown to next week’s likely Federal Reserve interest-rate increase begins.Large speculators’ futures wagers on a stronger dollar against a basket of eight currencies fell to net 379,040 […]
Lucidus Has Liquidated $900 Million Credit Fund
(Bloomberg) Lucidus Capital Partners, a high-yield credit fund founded in 2009 by former employees of Bruce Kovner’s Caxton Associates, has liquidated its entire portfolio and plans to return the $900 million it has under management to investors next month, according […]
Billionaire Lasry backs junk bond fund hit with heavy redemptions
(Reuters) Billionaire hedge fund manager Marc Lasry on Monday backed a junk bond mutual fund hemorrhaging assets at his Avenue Capital Group as jittery investors exit high-yield bonds amid a market rout. Investors have taken note that Lasry’s $884 million […]
Almost Half of Hedge Fund Firms Plan 2016 Fund Launch
(Reuters) Almost half of hedge fund firms plan to roll out a new hedge fund by the end of next year despite regulations challenging how they market, the Alternative Investment Management Association (AIMA) said on Monday.The hedge fund trade body’s […]
Hedge Funds Burned by Commodities Lose $40 Billion Since ’08
(Bloomberg) The biggest commodities meltdown in a generation has cost hedge funds more than $40 billion in seven years.Losses due to poor performance and investor withdrawals have left assets at the top 10 commodities hedge funds at less than $10 […]
What This Hedge Fund’s Plan to Remake Yahoo Gets Right
(Fortune) There’s a lot to like about Eric Jackson’s Yahoo turnaround plan—but would it work? Coming up with ways to fix Yahoo has turned into a cottage industry, as the company struggles to keep its share price from tanking even […]
Investors See Third Avenue Fueling More Bond Market Carnage
(Bloomberg) Top bond managers are predicting more carnage for high-yield investors amid a market rout that forced at least three credit funds in the past week to wind down.Lucidus Capital Partners, a high-yield fund founded in 2009 by former employees […]
The failed hedge funds everyone’s freaked out about do not look anything like the average high-yield bond fund Columbia Management Perspectives
(Business Insider) U.S. high-yield mutual funds finished last week in significant outflows, with $3.5 billion in cash withdrawals from retail mutual funds (72%) and ETFs (18%), as reported by Lipper. This represents the largest one-week redemption in the last 70 […]
MOVES-Man Group says plans to appoint former BT chief as chairman
LONDON, Dec 14 (Reuters) – British hedge fund Man Group (LSE:EMG.L – news) said on Monday it was appointing Ian Livingston, a former chief executive of BT and former British trade minister, as its chairman, subject to regulatory approval. Livingston […]
Hedge fund LionEye to shut after losses, redemptions -sources
BOSTON, Dec 11 (Reuters) – LionEye Capital, a $1.5 billion event-driven hedge fund, is closing its doors at the end of December after suffering double digit losses and heavy redemptions this year, two people familiar with the matter said. The […]