Category Archives: Syndicated
Hennessee: Hedge Funds Gain 1.37% In October
Hennessee Group LLC announced today that the Hennessee Hedge Fund Index increased +1.37% in October (+9.90% YTD), whilethe S&P 500 gained +4.46% (+23.16% YTD), the Dow Jones Industrial Average increased +2.75% (+18.63% YTD), and the NASDAQ Composite Index jumped +3.93% […]
Banks consider ban on chat rooms after rigging probe
Reuters – Big banks are considering banning traders from some online chat rooms in response to investigations into alleged collusion between dealers over key financial market benchmark rates, people familiar with the matter said on Monday [Nov. 11]. JPMorgan Chase, […]
Liquidators sue three major rating agencies over hedge-fund losses
Washington Post – The liquidators of two Bear Stearns hedge funds filed a lawsuit Monday against the three major U.S. rating agencies, accusing them of fraudulently assigning inflated ratings to securities in the run-up to the financial crisis. The lawsuit […]
Hedge fund Rhodium debuts with bet on corporate bonds
Reuters – Hedge fund start-up Rhodium Capital, run by former Bank of America star trader Iftikhar Ali, has begun life betting on a strong performance from corporate bonds over coming months. Bond prices were hit over the summer by fears […]
For Better Performance, Hedge Funds Seek the Inner Trader
Dealbook – In the hedge fund industry, as in sports, performance is everything. So after several years of lackluster performance, the industry is increasingly turning to self-help programs, sometimes referred to as “mindware” products, to try to improve its game. […]
Hedge Funds Are Muscling Into Munis
WSJ – Hedge funds are making a large bet on municipal debt, bringing aggressive tactics to a $3.7 trillion market long known as humdrum. The strategies include demanding high interest rates in return for financing local governments, buying the debt […]
AIMA announces Jack Inglis as new CEO
The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has announced that Jack Inglis will be the new CEO of the organisation. Mr Inglis joins from Barclays where he was a member of the Global Executive Committee […]
Hedge Fund Invests in Argentina
WSJ – As head of a hedge fund that specializes in distressed debt, David Martinez has had lots of practice trying to figure out when an asset’s value has been beaten down so much that it is a buy. He […]
Prosecutors question spending from hedge fund account
Daily Press – When Jeffrey A. Martinovich went to trial in a federal fraud case earlier this year, some people wondered how he was able to afford the well-known criminal defense lawyer handling the case against him. After all, Martinovich’s […]
Hedge Funds Cut Bullish Gold Bets on Fed Stimulus Outlook
Bloomberg – Hedge funds cut bullish gold bets, adding the most short contracts in four weeks, as U.S. economic growth fuels speculation the Federal Reserve will trim stimulus. Holdings across commodities dropped the most since April. The net position in gold slid 13 […]
‘Long-Only’ Funds Lose Their Hedge
WSJ – On the heels of a multiyear market rally, a slew of hedge-fund firms are launching “long-only” funds betting that at least some stocks have further to climb. The moves come amid a brutal stretch for short bets against […]
Cyber attack ‘war game’ to test London banks on Nov. 12
Reuters – Thousands of staff across dozens of London financial firms will be put through a “war games” scenario on Tuesday [Nov. 12] to test how well they can handle a major cyber attack, people familiar with the matter said. […]