Category Archives: Syndicated
Valeant’s Crisis Fuels Feud Between Ackman and Australian Fund Manager Hempton
(Reuters) Just before Bill Ackman gave a presentation on Friday to defend one of his biggest investments, Valeant Pharmaceuticals, from allegations of accounting and insurance fraud, he was taunted by John Hempton, who runs a small hedge fund from Australia. […]
Hedge Funds Draw More Business From Institutional Investors
(Forbes) In contrast to the early 2000s when high net worth individuals made up much of the hedge fund business, today the funds are attracting money from institutional investors looking for some yield in a low-rate environment, said Eamon McCooey, […]
A rival to NYSE just landed a big win
(The Business Insider) BATS Global Markets, the Kansas-based stock exchange that competes with the New York Stock Exchange and Nasdaq, has landed a big endorsement. WisdomTree, one of the leading sponsors of exchange-traded funds, is listing three of those funds […]
China Arrests HK-Owned Fund Executives for Futures Manipulation
(Reuters) China has arrested two executives from a Hong Kong-owned fund for irregular futures trades involving hundreds of millions of dollars, said Xinhua news agency, the first public arrests linked to a non-mainland fund caught up in a crackdown on […]
Gross’s Bid at Redemption Set Back as Soros Pulls $490 Million
(Bloomberg) Janus Capital Group Inc. took out an advertisement a year ago to trumpet a $500 million investment by George Soros in a fund managed by Bill Gross, weeks after the bond guru was ousted by Pacific Investment Management Co […]
Hedge Funds Cut Bullish Ag Bets, Amid China, Meat Cancer Fears
(Agrimoney.com) Hedge funds cut their bullish bets on agricultural commodities, despite reversing a selldown in Chicago wheat, as China worries undermined the soymeal market, and cancer concerns prompted selling in hogs. Managed money trimmed its net long in the top […]
Former Matchpoint Co-Founder Debow Plans New Asia Hedge Fund
(Bloomberg) Sean Debow plans to start a new hedge fund at Asiya Investments Hong Kong that bets on rising and falling stocks in the Asia-Pacific region, after leaving Matchpoint Investment Management Asia. Asiya Interlink Asia-Pacific fund will start trading in […]
Another Top Firm May Make Serious Middle and Back Office Job Cuts
(Reuters)BNP Paribas may make significant middle and back office job cuts as part of a plan to cut costs in its investment bank that includes using ‘big data’ technology to identify client needs, a person familiar with the matter said. […]
Court Addresses Director’s Conflict Of Interest From Hedge Fund’s Short-term Investment Strategy
(Lexology.com) The Delaware Court of Chancery recently upheld a claim that a director who voted to approve a merger had a conflict of interest based on his affiliation with a hedge fund that allegedly was focused on short- term gains. […]
Hedge Funds to Investors: We’re Putting More Money at Risk, Too
(Bloomberg) Asian hedge-fund managers are putting more money into their funds, seeking to project confidence after the industry’s worst performance streak since the 2008 financial crisis spurred redemptions. Founders and employees of Asian firms including Greenwoods Asset Management, Doric Capital, […]
Hedge Funds End Run of Wrong-Way Gold Bets as Fed Sparks Decline
(Bloomberg) After two months of a lackluster track record in gold, hedge funds finally backed away from bullish bullion bets just before the Federal Reserve drove the biggest weekly price drop in two months. Money managers cut their net-long position […]
Hedge Fund Energy Clusters
(Harvest) To explore hedge fund energy clustering we analyze long energy sector portfolios of all hedge funds that are analyzable using regulatory filings. We then exclude funds with insignificant energy holdings. We use the AlphaBetaWorks Statistical Equity Risk Model, a […]