Category Archives: Syndicated

Stocks Jump in Best Day Since 2015 as Dollar Falls: Markets Wrap

(Bloomberg) U.S. equities surged back from the biggest weekly rout in two years, with major benchmarks climbing more than 2.7 percent on signs that an escalation of trade tensions was beginning to ease. Chipmakers and banks led gains as the […]

Quants’ Footprint in Tech Hit Record as Selloff Accelerated

(Bloomberg) Among those making heavy bets on technology stocks during the sector’s worst week in nearly eight years were quant funds. As of Wednesday, firms that use technology and formulas to automate the investment process had their highest gross exposure […]

Knighthead Capital Plans $750 Million Distressed-Debt Fund

(Bloomberg)Knighthead Capital Management, the $3 billion distressed-debt hedge fund firm, is planning on raising its first drawdown fund, according to people with knowledge of the matter. The New York-based company, which was founded a decade ago by Ara Cohen and […]

ETF Investors Outsmart Hedge Funds Who Miss Out as Gold Rebounds

(Bloomberg) Hedge funds could learn a thing or two from exchange-traded fund holders, at least as far as the gold market is concerned. As a trade war between the U.S. and China broke out, bullion futures posted their best weekly […]

More Hedge Funds Closed Than Started Globally in 2017

(Reuters) More hedge funds closed their doors than opened up in 2017, according to global research released on Friday, but the pace of liquidations slowed as the industry attracted fresh cash. Last year 784 funds went out of business compared […]

Hedge Fund Glenview ups Stake in Sharpie Maker Newell Brands

(Reuters) Hedge fund Glenview Capital Management on Friday said it now owns 5.6 percent of Newell Brands Inc, announcing its increased stake just days after the maker of Sharpie markers and Elmer’s Glue handed activist investor Carl Icahn board seats.Glenview, […]

Hardworking Hedge Funds Might Have the Upper Hand

(Bloomberg) Public companies in the U.S. have to make public filings — annual and quarterly reports on Form 10-K and 10-Q, announcements of material events on Form 8-K, descriptions of trading by insiders and big shareholders, etc. — on the […]

More Hedge Funds Closed Than Opened in 2017

(Bloomberg) More hedge funds closed than opened in 2017 amid lackluster performance. Yet it wasn’t all bad news for the industry. A total of 784 funds were liquidated while 735 launched, according to data from Hedge Fund Research Friday. Liquidations, […]

ETF Investors Outsmart Hedge Funds Who Miss Out as Gold Rebounds

(Bloomberg) Hedge funds could learn a thing or two from exchange-traded fund holders, at least as far as the gold market is concerned. As a trade war between the U.S. and China broke out, bullion futures posted their best weekly […]

Hedge Funds Cut Bullish Hog Wagers Days Before China Tariffs

(Bloomberg) Hedge funds made the right call on hogs this week. Money managers cut their bets on a rally to the lowest in more than two years in the week ending March 20. Three days later, China announced retaliatory tariffs […]

Goldman Alumni Set Up $1bn Macro Fund With Focus on Commodities

(Reuters) Jonathan Goldberg, the founder of one of the world’s largest energy-focused hedge funds BBL Commodities, is launching a new $1 billion macro fund with his former Goldman Sachs colleague Ben Jacobs that will trade currencies and equity indices based […]

Ackman Exits Nike Stake With $100m in Profit

(Reuters) Investor William Ackman has stepped out of his Nike (NKE.N) sneakers, at least in a financial sense.The billionaire investor’s hedge fund Pershing Square Capital Management earned roughly $100 million in profit when it cashed out of its 0.71 percent […]