Category Archives: Syndicated
Bank of America Tells Advisers To Exit Paulson Hedge Fund
(Reuters) Bank of America Merrill Lynch is telling its financial advisers to pull clients’ money from billionaire hedge fund manager John Paulson’s Advantage fund and said they are not permitted to put new money into one of his other portfolios. […]
As investors flood into Absolute Return funds – are these ‘low risk’ funds everyone’s suddenly buying as safe as they seem?
(Daily Mail) – If you go to a financial adviser and say you don’t like taking risks with your money, there’s one type of fund likely to be recommended. Huge numbers of cautious investors are being put into Absolute Return […]
Hedge fund investor Dan Loeb just picked his newest target
(Business Insider) – Hedge fund activist Dan Loeb has picked his latest target. Baxter International shares rose 3% on Wednesday August 5 after Loeb revealed he has bought a stake of about 7% in the company. Loeb said in a […]
Investigation of Seized Hedge Fund Highlights Risks
(Wall Street Journal) – GIBRALTAR—On this tiny Mediterranean peninsula, a hedge fund run by a polo player has been seized by regulators, as part of a global probe into offshore funds, highlighting the risks lurking in this lightly regulated, multibillion-dollar […]
Scott Bessent to Start His Own Hedge Fund With $2 Billion From Soros
(Bloomberg) – Scott Bessent, who’s been overseeing George Soros’s $30 billion fortune for the last four years, will leave at the end of 2015 to start his own hedge-fund firm. Bessent, 52, is forming Key Square Group with a $2 […]
State Street Starts Macro Hedge Fund in Alternatives Push
(Bloomberg) – State Street Corp. is starting a hedge fund that will bet on macroeconomic events, part of an effort to expand its $2.37 trillion money-management arm beyond lower-paying passive strategies. The strategy, run by Michael Ho and Lisa O’Connor, […]
Wall Street Banks Join Hedge Funds in Boosting Treasury Holdings
Wall Street’s biggest bond dealers are joining hedge funds in loading up on Treasuries as the outlook for inflation tumbles. JPMorgan Chase & Co., Citigroup Inc. and the 20 other companies that trade with the Federal Reserve increased their holdings […]
Hedge funds are most bearish on U.S. oil since 2010
(Reuters) – Hedge funds are more bearish about the outlook for U.S. oil prices than at any time for almost five years, according to data from the U.S. Commodity Futures Trading Commission. Hedge funds and other money managers had a […]
Kingdon, Einhorn Bets on Renewable Energy Get Jolt in Obama Plan
(Bloomberg) Just a few weeks after telling investors it’s time to cut bets on crude oil, Kingdon Capital Management looks like a seer, thanks to President Barack Obama’s plan to cut carbon emissions. Kingdon, the hedge fund firm that generated […]
Robot Hedge Fund Traders Fight Back
(Wall Street Journal) Computer-driven hedge funds have had a torrid time of late. But this month, at least, they are making a comeback. So-called CTAs (commodity trading advisors), which use complex algorithms to try and profit from trends in financial […]
China Freezes US Fund Citadel’s Account In War Stock Speculation
(Reuters) China’s markets regulator has frozen a trading account linked to Citadel Securities, a unit of the U.S. group that also owns hedge fund Citadel LLC, as Beijing battles against speculators to prop up China’s ailing stock markets. The regulator, […]
Hedge Fund Magnate Gives $11.1M To Cruz Campaign
(New York Post) Long Island hedge-fund magnate Robert Mercer dumped $11.1 million into Texas Sen. Ted Cruz’s campaign coffers, according to federal filings released Friday. A former computer programmer at IBM, Mercer earned his wealth designing algorithms to outsmart the […]