Category Archives: Syndicated
Hedge Fund Woes Can’t Diminish Banner Year for Long-Short Trades
(Bloomberg) Investors are finally warming up to an equity strategy that’s been lagging for the last six years.Long-short hedge funds, which place bullish and bearish wagers on individual stocks, are on track to top the Standard & Poor’s 500 Index […]
Hedge fund investors keep the faith in macro bet
(Reuters) A weak overall performance for hedge funds which bet on macroeconomic trends this year has not stopped some investors from gearing up to trust them with their money in 2016.While returns across hedge funds are flat, many so-called macro […]
Hedge Funds Brace for Redemptions
(Bloomberg) When BlueCrest Capital Management told investors Tuesday it would no longer oversee money for outsiders, one thing founder Michael Platt didn’t mention was that clients had already pulled billions of dollars this year.Platt, who cited client demands and pressure […]
Loeb’s Third Point Offshore Hedge Fund Nearly Flat for Year
(Reuters) Daniel Loeb’s main portfolio at hedge fund Third Point is nearly flat for the year, putting the billionaire investor far ahead of some industry rivals who have suffered heavy losses this year.In November, Loeb’s Third Point Offshore fund dipped […]
Hugh Hendry’s Flagship Hedge Fund up 2.2 Pct in November
(Reuters) British hedge fund manager Hugh Hendry’s flagship $71 million Eclectica fund returned 2.2 percent in November and is up 5.4 percent in the year to date, a source familiar with the matter said on Tuesday.Founded in 2005, the London-based […]
Shorting OPEC, Hedge Funds Leave Crude Prices at Risk from Recoil
(Reuters) As ministers from the Organization of the Petroleum Exporting Countries head to Vienna, hedge funds have almost never been more bearish about the outlook for oil prices.Hedge funds and other money managers held short positions in the main WTI […]
Hedge Funds Have Never Bet This Much on a Falling Gold Price
(Mining.com) On Tuesday on the Comex market in New York, gold futures with February delivery dates eked out a small gain in brisk post-holiday trade, but remains not far off near five-and-half year lows hit last week. Exchanging hands for […]
David Tepper Sent Out a Rare Angry Letter About One of his Undisclosed Stock Positions
(Business Insider) Billionaire hedge fund manager David Tepper sent out a rare public letter to the board of one of his holdings, TerraForm Power, a company that owns and manages solar-energy projects.Appaloosa, Tepper’s fund, holds TerraForm Power stock and senior […]
Trafigura Says It’s Winding Down Flagship Commodity Hedge Fund
(Bloomberg) Commodities trader Trafigura Pte Ltd. said it is closing its flagship Galena Metals Fund, the latest hedge fund victim of the rout in raw materials markets from oil to copper. Commodities hedge funds are heading for their worst year […]
World’s Biggest Pension Fund Loses $64 Billion Amid Equity Rout
(Bloomberg) The 135.1 trillion yen ($1.1 trillion) Government Pension Investment Fund lost 5.6 percent last quarter as the value of its holdings declined by 7.9 trillion yen, according to documents released Monday in Tokyo. That’s the biggest percentage drop in […]
The Genesis of Multi-Factor Investing
(Harvest) The Capital Asset Pricing Model (CAPM) was proposed in 1964, and was the first market model that attempted to describe the process that drives equity returns. Under CAPM, the expected return of a stock is determined by a single […]
Louis Dreyfus Hedge Fund Edesia Said to Close Singapore Office
(Bloomberg) The hedge fund controlled by commodity giant Louis Dreyfus Holding BV will close its Singapore office to focus on its European trading operations, according to three people with knowledge of the matter. The closure will eliminate four positions at […]