Category Archives: Syndicated
Former Societe Generale Traders Said to Start New Hedge Fund
(Bloomberg) Former Societe Generale SA traders led by Jong Beum Kim plan to start a new hedge fund that will employ several strategies seeking to profit from volatility in Asian markets and exploiting mispricing of related securities, according to people […]
A Tough Year for Hedge Funds? Not That Real Estate Has Noticed
(New York Times) A Manhattan penthouse on the Upper East Side with sweeping views of both the Hudson River and the East River was sold this summer for $37.9 million. The person behind the purchase was hidden behind a limited […]
Flamand’s GLG Hedge Fund Said to Return 8.8% in First Year
(Bloomberg) Pierre-Henri Flamand, the former Goldman Sachs Group Inc. proprietary trader who shuttered his own hedge fund amid losses in 2012, is making money again. Flamand’s so-called catalyst-driven strategy for GLG Partners, betting on mergers and acquisitions, share buybacks and […]
Hedge funds stage a rebound in October
(CNBC) Just as it seemed as if 2015 would be a total wipeout for hedge funds, October brought the industry some life.As a whole, the $2.8 trillion industry rebounded to a 1.8 percent gain in October, according to numbers released […]
Hedge Funds + Leverage Are Hot Formula for Canada Pension Plans
(Bloomberg) The words “bold” and “pension fund” don’t always go together easily. Then again, neither do bold and Canada.But Canadian public pension funds are once again employing bold strategies in a world where interest rates have remained persistently low at […]
Former SAC Manager Seeks to Link Pensions to Small Hedge Funds
(Bloomberg) Kevin Becker is trying to crack a conundrum for small hedge funds: how to get institutional investors who prefer boldface names to give them money. To lure big investors, Becker’s Kiski Group Inc. is providing small firms with the […]
Deutsche Bank Quants Explain Hedge Fund Underperformance
(Valuewalk.com) The market environment for hedge funds in 2015 has been “marked by an acute and prolonged de-risking episode,” a recent quant piece from Deutsche Bank notes. In fact the bank’s “volatility factor,” a measure that approximates high risk and […]
Horseman Capital’s Hedge Fund Said to Lose 8.7% on Equity Bets
(Bloomberg)Horseman Capital Management lost 8.7 percent in its global pool in October as bets by the $2.5 billion hedge fund firm that stocks would drop turned sour, according to two people with knowledge of the matter. It’s the the biggest […]
Research Affiliates Compares Competing Low-Vol Approaches
(Daily Alts) The millennium is still young, but investors have already suffered a pair of massive selloffs in the past 15 years: First, 2000’s dot-com meltdown saw the S&P 500 fall by 44%; then less than a decade later, the […]
Hedge-Fund Prodigy Takes a $300 Million Hit
(Wall Street Journal Interactive) She earned an M.B.A. from Wharton at age 21, won backing from hedge-fund industry heavyweight Julian Robertson before she turned 30 and earlier this year became one of the few women to manage more than $1 […]
Stifel to Acquire Eaton for Private-Equity, Hedge Fund Ties
(Bloomberg) Stifel Financial Corp., the investment bank known for snapping up regional rivals and Wall Street castoffs, agreed to buy Eaton Partners to add ties with hedge funds, private-equity firms and high-net-worth family offices. Eaton works with more than 4,000 […]
Police Freeze Shares Held by Mother of China Hedge Fund Boss Xu
(Bloomberg) Chinese police slapped a two-year freeze on more than $670 million of shares owned by the mother of Xu Xiang, the Shanghai hedge fund boss under investigation for alleged insider trading and stock manipulation. Two companies, one in Beijing […]