Category Archives: Syndicated
Lansdowne’s Main Hedge Fund Said to Gain Amid September Rout
(Bloomberg) Not all hedge funds were caught out by last month’s volatility. Lansdowne Partners’s main $12 billion fund gained 2 percent in the period, according to a person with knowledge of the returns. The rise in the Lansdowne Developed Market […]
Pimco’s Bear Case Only Gets Stronger as Emerging Currencies Jump
(Bloomberg) Pacific Investment Management Co. is sticking with its pessimistic outlook on emerging-market currencies, saying the biggest rally in 17 years has only bolstered the case for making bearish wagers. “These currencies look more interesting to be underweight from here […]
U.S., Cayman Islands wait for EU green light on hedge funds
(Reuters) – Asset managers from two of the world’s top hedge fund centers, the United States and Cayman Islands, must wait another five months to find out if they can continue marketing themselves to European Union investors, prolonging uncertainty in […]
Renaissance Technologies to shut small hedge fund portfolio
(Reuters) Hedge fund Renaissance Technologies LLC, which manages roughly $27 billion in assets, told investors on Tuesday it is shuttering its $1 billion Renaissance Institutional Futures Fund at the end of the month, two sources said. The firm is making […]
European Commissioner Calls for Economic and Regulatory Coordination
(Hedge Fund Law Report) In his keynote speech at the Eurofi Financial Forum 2015, European Commissioner Jonathan Hill described the Commission’s promotion of the Capital Markets Union and the CMU’s essential role in developing the European economy. The speech provided […]
Fortress Plans On Closing Macro Fund Run by Novogratz
(Bloomberg) Fortress Investment Group LLC plans to liquidate its macro business run by Michael Novogratz after two years of losses, according to a person with knowledge of the firm. The firm intends to inform investors about the move in the […]
Hedge Funds Wrong-Footed by Grains Data – but Profit on Softs
(Agrimoney.com) Hedge funds were wrong-footed in grains by Friday’s Wasde report, taking more bullish positioning ahead of a briefing deemed bearish for prices.But on soft commodities, speculators got in ahead of bull runs in coffee and sugar. Regulatory data showed […]
Brynjolfsson Joins James Alpha Advisors to Run $16 Million Fund
(Bloomberg) John Brynjolfsson, after creating an $80 billion asset management business at Pimco and a $1 billion hedge fund on his own, will downsize to a $16 million mutual fund during the next stage of his career. Brynjolfsson, who is […]
Crude Oil Market: Hedge Funds Are Bullish
(Yahoo Finance) November WTI (West Texas Intermediate) crude oil futures contracts rose for the second day in a row. Prices rose slightly by 0.40% and settled at $49.63 per barrel on Friday, October 9, 2015. WTI prices advanced due to […]
One of the hottest debates in hedge funds is starting to boil over
(Reuters) Bill Ackman, the hedge fund billionaire, looked calm at the Bloomberg “Most Influential” Conference on Tuesday last week.He usually does, especially when he’s offering his help.”I guess maybe I could help Valeant with PR,” he said with a chuckle.”They […]
Top Firm Said to Weigh Stock Sale of Up to $8.3 Billion
(Bloomberg) Credit Suisse Group AG is considering selling stock in an offering that may raise 6 billion Swiss francs ($6.2 billion) to 8 billion francs, people with knowledge of the discussions said. The bank plans to proceed with the sale […]
Norway Looks at Riskier Assets as Wealth Fund Transfers Loom
(Bloomberg)As Norway prepares to make the first withdrawals from its $820 billion wealth fund, the government is considering letting it take on riskier investments. The Finance Ministry is looking into whether to boost the fund’s stock allocation to beyond 60 […]