Category Archives: Syndicated
Chinese Hedge Fund Shanghai Chaos Closes Out Copper Short
(Financial Times) A Chinese hedge fund that made a huge bet against copper has closed out its entire position in the metal, as the sell-off in the country’s stock market forces investors to pull money out of other markets. A […]
Greek “No” Meets Month of Hedge Fund Caution as Shorts Jump
(Bloomberg) Hedge funds riding equities toward their best year since the financial crisis turned cautious in the runup to Greece’s “no” vote Sunday. Rising short sales sent a gauge of manager bullishness compiled by Evercore ISI down 1.3 percentage points […]
Hedge Funds See More Demands Fueled By Solid First Half Returns
(Reuters) Hedge funds will likely attract billions of dollars in new money in the next six months after posting solid returns in the first half even as Wall Street’s sell-off, sparked by Greece’s debt drama, took a bite out of […]
Horizon Stops Withdrawls From Hedge Funds As Greek Exposure Bites
(Reuters) Horizon Capital Management has suspended a hedge fund running almost a third of its capital in Greek assets because it cannot fully assess the value of holdings amid the country’s deepening debt woes, a letter to investors obtained by […]
A Bullish Outlook For Affiliated Managers Group
(Reuters) In this article, let’s take a look at Affiliated Managers Group Inc. (AMG), a $11.99 billion market cap company, which is an asset management company with equity investments in a group of boutique investment management firms, or Affiliates. To […]
Puerto Rico Utility, Creditors Close To A Deal To Avoid Default
(Wall Street Journal) The Puerto Rico Electric Power Authority and its creditors were close to a deal Tuesday that would allow the cash-strapped utility to pay more than $400 million to bondholders, said people familiar with the matter, potentially staving […]
Greece Might Be A “Lehman Moment.”
(CNBC) U.S.-based investors have so far remained relatively calm in face of Greek financial and political turmoil. But one hedge fund manager wonders if the distress could be a signal of something akin to the 2008 financial crisis. Related Stories […]
Hedgie shrewdly pulled assets from Greece ahead of crisis
(New York Post) Desperate Greeks lined up at ATMs on Monday to withdraw up to the maximum $67 limit as the nation’s debt crisis careened towards disaster. Click here to read the full article.
Bill Gross: Here’s what could trigger a ‘run on the shadow banks’
(CNBC) Bill Gross thinks conditions are ripe for a significant liquidity crisis in the markets, and he points a finger at his old firm for its potential to be at the center of the storm. Click here to read the […]
Puerto Rico Creditors Said To Be Drawing Battle Lines As Default Looms
(Bloomberg) A group of more than 35 hedge funds has gone from standing ready to pour more than a billion dollars into cash-strapped Puerto Rico to preparing for battle against the island territory — and one another — in a […]
Wilbur Ross, Hedge Fund Greenlight Capital Still Holds Greek Exposure
(Reuters) Contrarian investor Wilbur Ross was sanguine about the situation in Greece, where he has invested heavily in one of the country’s largest banks. “We think eventually it comes around,” Ross said on CNBC Monday morning. Asked if that could […]
Alternative Investment Growth To Boom In The Next Five Years
(Reuters) The alternative investment industry, which includes hedge funds, private equity and real assets, is expected to grow fivefold to at least $13.6 trillion in the next half decade, professional services firm PwC said in a report released on Sunday. […]