Category Archives: Syndicated
Larry Robbins market mea culpa: ‘I’ve failed’
(CNBC) In a candid letter to investors, hedge fund manager Larry Robbins apologized for a year-to-date loss in his flagship fund of more than 20 percent through Monday’s close, writing that “I’ve failed to protect your capital, and mine…despite a […]
Fund houses lose $700bn in ‘particularly brutal’ Q3
(CNBC) Seven of the world’s largest fund managers collectively lost more than half a trillion dollars in assets during the third quarter as they struggled to cope with the fallout from Black Monday. The slump has sparked fears investors will […]
Odey Hedge Fund Said to Drop 17% in 16 Days as Markets Rally
(Bloomberg) Crispin Odey’s flagship hedge fund plunged 16.8 percent in the first 16 days of October, reversing a September gain that had pared its losses for the year, according to a person with knowledge of the situation. The loss by […]
Manager Focus: H Partners
(Harvest) Earlier in October, we wrote about Dan Loeb’s activist hedge fund Third Point, and highlighted sources of alpha in its portfolio. This week, we examine H Partners, an even more concentrated activist fund founded by Third Point alum Rehan […]
Crisis Communications: New Tools for Reaching Clients in a Market Sell-Off
(Harvest) Investors always want access and transparency, but never more so than during difficult market periods. Experience and logic suggest that clients of all types and sizes, when facing crashing markets and wild swings, want to know about fund and […]
Hedge Funds Cut Bullish Bets on U.S. Crude to July Lows
(Reuters) Hedge funds cut their bullish wagers on U.S. oil by the most since July this week, trade data showed on Friday, after a tumble in gasoline prices, slower growth in China and worries about an impending return in Iranian […]
Hedge Fund Semiconductor Sector Crowding
(Harvest) Our June 2015 piece listed SunEdison ( SUNE ) and Micron ( MU ) among the top ten stocks driving hedge fund risk and alpha. In the semiconductor sector, they were virtually the sole drivers. In addition, since mid-2014 […]
Responding to Growth Concerns from Investors
(Harvest) As the manager of an emerging fund coming off a few good years, how do you answer this investor question: “I like your fund, and I want to allocate more capital, but can you handle it?” An emerging manager […]
Blackstone’s Hedge Funds Show Resilience in Weak Markets
(Yahoo Finance) Blackstone (BX) reported a 38% fall in its hedge fund solutions segment’s total 3Q15 revenues to $98 million as compared to $158 million in 3Q14. Economic income for hedge fund solutions also fell by 52% during the third […]
Citi Found Itself Briefly Exposed to $400 Million Hit Through Small London Hedge Fund’s Trades
(Wall Street Journal) A small London hedge-fund firm and a lapse in bank-risk controls caused a panic inside Citigroup Inc. in July, after its executives discovered a series of trades they estimated could cost the bank as much as $400 […]
Responding to Growth Concerns from Investors
(Harvest) As the manager of an emerging fund coming off a few good years, how do you answer this investor question: “I like your fund, and I want to allocate more capital, but can you handle it?” An emerging manager […]
This Week: Hedge Fund Darlings Became Dogs No More Excuses
(Harvest) It seems that since the recovery from the finical crisis of 2008, hedge funds have had a string of reasons for their persistent underperformance. First it was the fact that they were “defensively positioned” and did not capture the […]