HEDGEMAVEN

Dashboard for the Hedge Fund Industry

Opening Bell: 1.25.18
1yr ago

Trump to meet with Mueller; Mnuchin knows what he said about the dollar; 50 Cent is a Bitcoin millionaire; Man explodes cell batter by biting it; and more!

National Enquirer's biggest investors include California taxpayers and state workers  Herald-Mail Media

LOS ANGELES — The National Enquirer has been one of President Donald Trump's most controversial allies, delivering scathing coverage of his opponents to ...


A new paper from takes a sociological approach to the search for alpha in emerging market nations. It contends that the “major theme for growth” in the emerging markets moving forward will be “based on the rise of the middle class and rising consumption in these markets.” Some emerging marketRead More


National Enquirer's biggest investors include California taxpayers and state workers  Los Angeles Times

During the 2016 presidential campaign, California's massive public pension fund, CalPERS, was one of the biggest investors in the debt-laden owner of the ...


What A Difference A Year Doesn’t Make  ValueWalk

In general, the markets seemed to be shaping up to be similar to what they looked like a year ago performance-wise. January was a month of strong returns, and ...


Equity hedge funds regained last year’s losses during one of the strategy’s best months ever in January.

The post Ackman, Einhorn among stock pickers facing long roads to profitability appeared first on Absolute Return.


Barclays’ stirring comeback continues: A £1.4 billion profit after 2017’s nearly £2 billion loss! Doubling its dividends! Buybacks for everyone! You get a buyback and you get a buyback and you get a buyback! Take that, Edward Bramson. Handing back capital to shareholders is a good way to undermine ...


Hedge fund Third Point praises Nestle chief in letter to investors  Reuters

Hedge fund Third Point told investors in a letter on Thursday that it was happy with progress at some of its biggest holdings, including Nestle SA, and was well ...


Third Point claims 300 percent return on activism since 2011  Reuters

Hedge fund Third Point told investors in a letter on Thursday that it was happy with progress at some of its biggest holdings, including Nestle SA, and was well ...


Search part of an effort to find better returns abroad

The post Korea Post looking for distressed debt managers appeared first on HFM InvestHedge.


Invest in Wall Street's Best Hedge Funds With Goldman Sachs' ETF  Banyan Hill Publishing

Hedge funds attract some amazing talent, and Goldman Sach's new VIP ETF tries to pick the best headge funds to invest in, beating the S&P 500 by 50%.


Moody's updates its methodology for rating transactions backed by portfolios of hedge fund investments  Markets Insider

Announcement: Moody's updates its methodology for rating transactions backed by portfolios of hedge fund investmentsRead the full article at Moody's.


Start your day every morning with the Opening Bell powered by The Water Coolest. The Water Coolest is the preferred bathroom stall reading material of finance professionals. Sign up for the free daily newsletter. Oh, and BTW, The Water Coolest and Dealbreaker are giving away a Johnny Wall Street ...


Once an office-building sized washing machine for dirty Russian money, Danske Bank is increasingly in the business of sending potentially incriminating documents off to prosecutors and regulators foreign and domestic. It’s been filling requests from two U.S. Cabinet departments and the Federal ...


Hey, have you guys seen Consumer Reports today? JK, of course, you haven't. Well, here's a taste: Consumer Reports can no longer recommend the newest Tesla—the Model 3 electric sedan—because members say they’ve identified a number of problems with their cars, including issues with its body ...



Hedge funds hold smallest slice of stock market since 2012  MarketWatch

Hedge fund ownership of large- and small-cap stocks fell in the fourth quarter, with emphasis shifting to so-called megacap companies, according to RBC ...



Aberdeen Standard to launch passive hedge fund portfolio  Funds Europe Magazine

Aberdeen Standard Investments (ASI) is to launch a liquid alternative strategy with an initial US$150 million (€132 million) from institutional investors.


Adobe, Yelp, Wayfair and JD.com are among the new positions the top-performing hedge funds added in the December quarter.


IntegriDATA Wins Hedge Fund Technology Award  PR Web

IntegriDATA, a financial technology software vendor, has been recognized in the 2019 HFM US Hedge Fund Technology Awards by HFM Technology, a division ...


U.S. Senator Charles Schumer is pressing hedge fund firm Alden Global Capital for more details about its proposed purchase of newspaper company Gannett Co., expressing concern the deal may be detrimen...


Alex Geyer joins $11.7bn alternative credit specialist in London

The post Napier Park taps Cheyne for Emea business development pro appeared first on HFM InvestHedge.


Jonathan Stark joins as director of business development and investor relations

The post Macro shop Penso hires JP Morgan cap intro exec appeared first on HFM InvestHedge.


Hedge Funds Could Boost The Gold Rally  Investor's Business Daily

Gold's rally could have further to run if hedge fund managers ramp up bullish bets after last year's extended big short. Gold hit a 10-month high.


In letter to hedge fund, Schumer raises questions about its bid to buy Gannett  Rochester Democrat and Chronicle

Sen. Charles Schumer on Thursday upped his concerns about the bid by a hedge-fund owned newspaper company to buy Gannett Co.


Will Broadway, of SS&C Advent, reflects on the shifting demand of allocators and its impact on hedge fund operations.

The post Allocator demand in 2019 appeared first on HFM Week.


OpenGamma offer tips on how hedge funds can succeed in 2019 after a tumultuous 2018.

The post How to maximise returns in 2019 appeared first on HFM Week.


Ben Kohnhorst, of Lockton, discusses the service provider selection process.

The post Service provider selection appeared first on HFM Week.


Brian Horwell, of Lockton, considers the evolving face of due diligence.

The post Securing your assets appeared first on HFM Week.


The big question that arises whenever trade wars emerge is the extent to which the principal actors involved devalue their domestic currencies. For the US and China, the battleground is substantially uneven in the sense that China basically controls all of the possibilities to manipulate its currency, whereas the US has limited measures to do likewise.


Try as he might, Carl Icahn just can’t quit the slots. Just when it looked like he was about to get out of the casino game for good—having sold most of Tropicana Entertainment and moved closer to finally getting out from under what would be the total disaster of Trump Entertainment had it not been ...


SS&C Appoints Joseph Maxwell as Technology Head of Hedge Fund Administration Business  PRNewswire

WINDSOR, Conn., Feb. 21, 2019 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), today announced the appointment of Joseph Maxwell as ...


Alexion Pharma and Carnival Among Stocks Billionaire Ray Dalio Added in Q4  TheStreet.com

Building one of the world's largest hedge funds is bound to bring some notice, so Ray Dalio likely is used to having people follow his stock picks. That probably ...


Senate Minority Leader Charles E. Schumer wants to know how many journalists a hedge fund intends to lay off if it manages to take control of the publisher of USA TODAY. The attempt by the hedge fund ...


Vision Hill Advisors’ Crypto Hedge Fund Report for Q4 2018 Shows Surprising and Shocking Results  Bitcoin Exchange Guide

On Tuesday, February 19, Vision Hill Advisors published their findings on crypto hedge fund returns for the fourth quarter of 2018. In general, they were able to ...


BOSTON (Reuters) - Hedge fund Third Point told investors in a letter on Thursday that it was happy with progress at some of its biggest holdings, including Nestle SA, and was well positioned to make m...


Crypto Startup TrueDigital Hires CEO from World’s Largest Hedge Fund  CoinDesk

A blockchain upstart is getting a new CEO from the world's largest hedge fund. New York's trueDigital, which was founded last March, has hired Thomas Kim ...


COLUMN-Oil traders bet on Saudi Arabia and White House lifting prices: Kemp  CNBC

LONDON, Feb 21- Oil traders are becoming very bullish on the outlook for prices, betting that Saudi Arabia will do whatever it takes to tighten the market even if ...


Hedge Funds Get Burned in the Paris Suburbs  BloombergQuint

(Bloomberg Opinion) -- When a company's stock is heavily shorted and the bonds yield nearly 20 percent, even a modest amount of good news can set off a ...


Hedge Fund's Buy Dip in Tech Stocks: Follow Them With ETFs?  Nasdaq

Tech stocks, particularly FAANGs, were once investors' favorite. But the space had a tough 2018, thanks to Facebook's FB data breach issue, rising.


Kamand Daniels joins as GC/CCO following ESG’s family office conversion

The post Marble Ridge hires Emerging Sovereign GC/CCO appeared first on HFM Week.


Navient Tumbles After Hedge Fund Canyon Withdraws 'Expression of Interest'  TheStreet

Hedge fund Canyon Capital withdraws its 'expression of interest' to acquire the servicer of student loans...NAVI.


Bloomberg launching alternative data platform  Business Insider

The alternative data industry has exploded over the past couple of years with new firms offering obscure information to hedge funds seeking an edge.


Hedge Funds Get Burned in the Paris Suburbs  Bloomberg

When a company's stock is heavily shorted and the bonds yield nearly 20 percent, even a modest amount of good news can set off a giant relief rally. Vallourec ...


How to become rich like Karl Lagerfeld  MarketWatch

The death this week of fashion legend Karl Lagerfeld belongs on the fashion and lifestyle pages, not the financial pages — right? After all, Lagerfeld was a ...


Hargreave Hale, River and Mercantile pay penalties while Newton IM escapes punishment

The post FCA fines fund groups over competition law breaches appeared first on HFM Week.


Starboard acquires Bristol-Myers Squibb shares; Hedge funds eye shipping debt opps; and more …

The post News round-up: Aberdeen raises $150m for Ucits tracking HFR index appeared first on HFM Week.


Swiss firm ended 2018 with $55bn in AuM, a decline of over 30% from December 2017

The post GAM fires star manager for ‘gross misconduct’ appeared first on HFM Week.


GAM axes hedge fund boss in bond crisis for ‘gross misconduct’  Evening Standard

Asset manager GAM attempted to draw a line under its bond fund crisis on Thursday by firing the hedge fund boss at the centre of the row. The Swiss firm said ...


Bill Park joins from UBS Hedge Fund Solutions in New York

The post ExodusPoint hires equity risk head from UBS appeared first on HFM Week.


LiquidX, a global network for illiquid assets, transacted a record USD7.4 billion in 2018, as year-over-year trading volume soared 40 per cent. The platform handled four times as many unique credits in 2018 than in previous years.


Lucena Research, a specialist in predictive analytics for financial markets, and Wall Street Horizon, a provider of corporate earnings and events data to institutional investors, are bringing to market new combined offerings in the form of actionable signals for investment.


Singapore-based Straits Financial Group has expanded its existing relationship with trade surveillance and market risk platform provider Eventus Systems by signing on to the Validus trade surveillance and risk management platform for its Singapore headquarters. 


IDFC AMC launches IDFC India Equity Hedge Tactical Fund  HedgeWeek

IDFC Asset Management Company (AMC) has launched the IDFC India Equity Hedge - Tactical Fund, an AIF Category III offering, which will follow a Tactical ...


BCA Research, a provider of independent global-macro research, has added Jing Sima and Chester Ntonifor to its team of senior strategists. Jing Sima will serve as Vice President, Managing Editor, China Investment Strategy (CIS), and Chester Ntonifor will serve as Vice President, Managing Editor, Foreign Exchange Strategy (FES).


Liontrust, the specialist fund management group, has expanded its Sustainable Advisory Committee through the appointment of Valborg Lie.


Senate Minority Leader Charles E. Schumer on Thursday wrote to a hedge fund president who is pursuing a hostile takeover of Gannett, saying he is concerned that the company had made no commitment to “ ...


Aberdeen launches fund that will track index of 140 hedge funds  Financial Times

The relentless demand for passive investments is reaching the top tiers of active fund management. Fund firm Aberdeen Standard Investments has raised more ...


Preqin All-Strategies Hedge Fund benchmark generates its highest return since September 2010  Opalesque

Event driven strategies hedge funds outperformed all other top-level strategies tracked by Preqin, returning +5.88%; their three-year annualized return (+9.34%) ...


The CIO of $3.2bn hedge fund manager Segantii prefers to avoid the limelight, but the growth and performance of his fund have attracted plenty of attention over the past 11 years

The post The Segantii story appeared first on AsiaHedge.


How To Invest Like Ray Dalio, Plus An Update To My Quant Model  Seeking Alpha

I've previously shared portfolios that use risk parity, factor models and volatility targeting to get superior risk-adjusted returns. Now, I'm sharing an update.


NEW YORK, Feb. 21, 2019 /PRNewswire-PRWeb/ -- IntegriDATA, a financial technology software vendor, has been recognized in the 2019 HFM US Hedge Fund Technology Awards by HFM Technology, a division of ...


Hedge funds make solid start to 2019  HedgeCo.net

(Hedgeweek) Investor optimism spurred by a variety of favourable conditions pushed hedge funds to a solid start in 2019 with a 3.88 per cent return in January, ...


(HedgeCo.Net) The Securities and Exchange Commission today announced charges against a broker-dealer, a transfer agent, and three individuals for their roles in the creation of over a dozen undisclosed “blank check” companies from 2009 to 2014. In its complaint, the […]


(Bloomberg) Paul Tudor Jones sat with Mick Mulvaney, the acting White House chief of staff, on Saturday night in Palm Beach. It might’ve been the closest the hedge fund manager has come to achieving alpha in his decades-long fight for […]


(Irish Independent) Troubled airline Flybe has snubbed a rival takeover proposal from US airline Mesa Air Group and hedge fund Bateleur Capital, with support from Stobart Group former boss Andrew Tinkler. In a brief statement Flybe, which in Ireland operates […]


In letter to hedge fund, Schumer raises questions about its bid to buy Gannett Sen. Charles Schumer on Thursday upped his concerns about the bid by a hedge-fund owned newspaper company to buy Gannett ...


"The problems are solved, not by giving new information, but by arranging what we have known since long." - Ludwig Wittgenstein Two brief teasers to share on our legendary friend, Izzy Englander and his Millennium Management trading operation. First, we modeled 72 quarterly 13F reports beginning Q4 2000 and ending Q3 2018, and the value [...]


Tech stocks, particularly FAANGs, were once investors’ favorite. But the space had a tough 2018, thanks to Facebook’s FB data breach issue, rising rate worries, overvaluation and U.S.-China ...


Navient Corp. (NAVI) declined 6.4% to $11.85 in after-hours trading Wednesday after hedge fund Canyon Capital Advisors LLC withdrew its "expression of interest" to acquire the servicer of student loan...


Hedge Fund Dumps $1 Billion Stake in Barclays  finews.com

In a stunning blow to the British lender, a U.S. hedge fund that was one of its biggest investors, has bowed out.


Asset manager GAM attempted to draw a line under its bond fund crisis on Thursday by firing the hedge fund boss at the centre of the row. The Swiss firm said British-based Tim Haywood, who was suspend...


US hedge fund founder David Grin is raising €150m for Dublin housing sites  Independent.ie

US hedge fund founder David Grin is in the process of raising €150m from institutional investors to fund the purchase of several shovel-ready sites with full ...


How trillion-dollar stock-market index funds are vulnerable to manipulation that ‘could harm American investors’  MarketWatch

Dangers are lurking in index funds, an area of the stock market is known for its history of outperformance against actively managed funds and ironically, it is ...


Canyon Capital Turns to Proxy Fight After Navient Rejects Proposal  Wall Street Journal

Hedge Fund Canyon Capital Advisors LLC said Wednesday that is plans to launch to a proxy fight with Navient Corp. NAVI -1.02% and that it has withdrawn its ...


'Very Difficult' to Call Bitcoin's Bottom Says Crypto Hedge Fund Manager  CryptoGlobe

Alex Sunnarborg, the founding partner at Tetras Capital, a New York-based digital asset hedge fund with reportedly $30 million of assets under management ...


Laxman Pai, Opalesque Asia: The global investment firm Northern Trust Asset Management has hired Valeria Dinershteyn as a sustainable investing strategist based in Amsterdam. The appointment reaffirms the firm 's ongoing commitment to providing investors with sustainable investing solutions that se...
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Menlo Ventures aims $500m at launching would-be unicorns past funding gap From Bizjournals: Menlo Ventures on Wednesday unveiled a new $500 million fund aimed at helping the next Uber, Roku or Poshmark get past the potholes the firm says has formed on the road to success. Partners Tyler Sosin and ...
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Hedge funds hunt for shipping debt in new market push From Reuters: A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy up loans and bonds as banks cut their exposure to the troubled sector. World economy worries and cost pressu...
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Texas Teachers invests $300m in multistrategy hedge fund From PIonline.com: Texas Teacher Retirement System, Austin, invested $300 million in ExodusPoint Partners Fund, a multistrategy hedge fund. The investment came from system's stable value hedge fund portfolio, which totaled $6.6 billion as of ...
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Vanguard just lured a BCG partner as its head of strategy From Business Insider: Vanguard just tapped a partner at a powerhouse consulting firm to head up strategy for the asset management firm. In a move not previously reported, Brent Beardsley in January joined $5.3 trillion asset manager as its ...
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Bitcoin on course to match longest winning streak of 2018 From Reuters: Bitcoin was set on Wednesday to match its longest winning streak of last year, with traders ascribing a potential sixth straight day of gains to heavy buying of smaller coins and perceptions that cryptocurrencies are gaining gr...
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Distressed America is Wall Street's hottest new investment vehicle From NY Times: Hedge funds, investment banks and money managers are trying to raise tens of billions of dollars this year for so-called opportunity funds, a creation of President Trump's 2017 tax package meant to steer money to poor...
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What are targeted volatility funds?  Moneyweb.co.za

Absa's new ETFs bring a *fresh* dimension to the market.


GAM assets under pressure, sees "challenging" 2019 From Reuters: Assets under management at Swiss asset manager GAM Holding AG continued to fall at the end of last year, the beleaguered Swiss group said on Thursday, forecasting a "challenging" 2019 ahead. Assets...
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Greater scrutiny of Chinese bonds to boost investor appetite From Finance Asia: Investor appetite for Chinese corporate bonds is expected to sweeten this year, as the country's government implements stricter checks on the financial health of issuers. The tougher scrutiny is much needed because t...
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Is an obsession with outcomes the most damaging investor bias? Financial markets are the perfect breeding ground for outcome bias - results are obvious and easy to obtain, whilst judging process and decision quality is incredibly difficult, which means we rely heavily on the former. We also grossl...
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Too rich to bail? From Forbes: Recently, a federal judge in Brooklyn questioned whether the Bail Reform Act permits "disparate treatment based on wealth," and denied bail to a high-net worth defendant who proposed a package that included home detention secured by privately-funded ...
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Activist hedge fund Starboard nominates five directors to Bristol-Myers board From CNBC: CNBC's David Faber reports on the latest news regarding the Bristol-Myers acquisition of Celgene. The company announced in a press release that it will have a special shareholders meeting in April to vote on th...
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Five-star concierges: The wild requests of the mega-rich From CNN: When a Qatari sheikh asked a concierge at the Raffles Dubai hotel to deliver a present to his wife, the concierge nodded. "Of course, sir. What gift?" A Rolls Royce Ghost, the latest model, the sheikh replied. To b...
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From Gizmodo: Instruments aboard NASA's InSight lander are now gathering meteorological data from the Martian surface, allowing for daily weather reports that are being made available to the public. The daily weather reports from Elysium Planitia began on February 11, and contain information about...
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Managed futures stumbled out of the gate to start 2019, with the Barclay CTA Index, compiled by BarclayHedge, down 0.43 per cent for the month.


Four years ago, UBS screamed that its human rights were being trampled by a €1.1 billion French fine for the crime of being a Swiss bank. Well, if that was a human rights violation, here’s a straight-up atrocity: French judges ordered UBS Group AG on Wednesday to pay a record €3.7 billion ($4.2 ...


Texas Teachers Retirement System invested $300 million in ExodusPoint Partners Fund, a multistrategy hedge fund.


Tax specialist William Jean-Baptiste has joined Ogier's team in Luxembourg as a tax partner.


The relentless demand for passive investments is reaching the top tiers of active fund management. Fund firm Aberdeen Standard Investments has raised more than $150m for a new fund that will track the ...


Hedge Funds Flee Amazon  Institutional Investor

New Yorkers critical of Amazon.com's planned expansion in Queens, as well as its abrupt cancellation of the project last week, aren't the only people unhappy ...


For a guy who returned more than 50% last year and who gets to gaze upon the prettiest chicken coop in the land, Crispin Odey’s been pretty glum. Sure, part of that is the fact he’s still got to double his clients’ money just to get back to zero after three years in which the economy refused to go ...


Vinik says he underestimated timeline in raising $3B for hedge fund relaunch  Tampa Bay Business Journal

Renowned investor and philanthropist Jeff Vinik underestimated how long it would take to raise $3 billion to relaunch his hedge fund, according to a letter sent to ...


Crispin Odey Renews Bet Against The British Pound  ValueWalk

Hedge fund manager Crispin Odey, an advocate of Brexit, renewed his hotly debated wager against the British pound as U.K. lawmakers' failure to agree on the ...


US hedge fund founder David Grin is in the process of raising €150m from institutional investors to fund the purchase of several shovel-ready sites with full planning permission for up to 2,000 units ...


Hedge Fund and Insider Trading News: Steve Cohen, Starboard Value LP, Restaurant Brands International Inc (QSR), Graco Inc. (GGG), and More  Insider Monkey

Steve Cohen's Venture Firm Invests in U.S. Cybersecurity Company (Reuters) NEW YORK (Reuters) – Billionaire investor Steve Cohen's Point72 Ventures has ...


Manager of hedge fund, short on ether: "Crypto hasn't bottomed yet"  Chepicap

Despite the currently ongoing bull run bringing Bitcoin prices up above $4,000, there are still some voices calling for lower lows. That is the case of Alex ...


Magellan Health Spikes on Report of Buyout Pressure  TheStreet.com

Shares of Magellan Health Inc. (MGLN - Get Report) jumped more than 9% Wednesday on a Reuters report that said the healthcare management services ...


The Next Wave Of Technology: Are Crypto Hedge Funds Pivoting To VC?  ValueWalk

I thought most U.S. VCs were not looking globally enough for the next wave of technology innovation and I started digging around.


Remember when we spent all that time at the end of summer freaking out over Elon Musk's bad tweets? And then the SEC read the tweets? And then Elon had to give up one of his titles and hire himself a babysitter? And then he tried to pick a babysitter who would let him do what he wants? And then he ...


China said to probe local firm over trading losses that hit Citi  Pensions & Investments

One of China's biggest brokerages is being probed by regulators after suffering large trading losses that also wound up hitting Citigroup.


10 most popular stocks among hedge funds  MarketWatch

Hedge fund managers still like the FAANGs; plus, PayPal joins Visa as a top holding.


“Everything you need is already inside.” - Bill Bowerman, Track & Field Coach and Nike Co-Founder Apparently, there is this parallel universe wherein traders and asset managers are able to take each subsequent risk with the benefit of perfect information because there seems to be some implication in our feedback loop that relying on partial [...]


Hedge Funds Coming Off Record Short Could Boost Gold Rally  Bloomberg

Gold's recent rally could have further to run if hedge fund managers ramp up bullish bets after last year's extended big short.


Hedge Funds Coming Off Record Short Could Boost This Gold Rally  Bloomberg

Gold's rally could have further to run if hedge fund managers ramp up bullish bets after last year's extended big short.


Hedge Fund Outflows Hit a Record in December  FTF News

Amid a growing stream of troubling economic news, hedge fund redemptions hit $42.3 billion in December 2018, which makes it the largest monthly outflow.


Barclay CTA Index starts the year in negative territory falling 0.43%; Only two indices gain in January #managedfutures #commodities - https://www.barclayhedge.com/barclay-cta-index-starts-the-year-in-negative-territory-falling-0-43-only-two-indices-gain-in-january/


Wall Street, Seeking Big Tax Breaks, Sets Sights on Distressed Main Streets  The New York Times

Hedge funds and other wealthy investors are plowing money into so-called opportunity zone funds, a creation of the 2017 tax law that provides incentives for ...


CNBC's David Faber reports on the latest news regarding the Bristol-Myers acquisition of Celgene. The company announced in a press release that it will have a special shareholder meeting in April to vote on the Celgene deal. Activist hedge fund Starboard Value, which owns roughly $50 million of stock, has sent notice that it has nominated five directors to the company's board for its annual meeting. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC


Activist hedge fund Starboard nominates five directors to Bristol-Myers board  CNBC

CNBC's David Faber reports on the latest news regarding the Bristol-Myers acquisition of Celgene. The company announced in a press release that it will have a ...


Former Fredriksen execs' hedge fund takes big hit on shipping  ShippingWatch UK

A hedge fund established by several of John Fredriksen's former key employees finished 2018 with a negative yield. "It was a perfect storm in the fourth quarter," ...


Pac-12's proposed equity terms are "probably not going to happen"  Awful Announcing

The Pac-12's valuation of $5 billion for the conference (so $500 million for a 10 percent share) appears quite optimistic, according to a long-time hedge fund ...


Renowned investor and philanthropist Jeff Vinik underestimated how long it would take to raise $3 billion to relaunch his hedge fund, according to a letter sent to prospective investors and obtained b...


Hedge Funds Hunt for Shipping Debt  Maritime Logistics News

A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy…


Tellus more: US hedge funds bankroll Aussie waste project  The Australian Financial Review

It's pretty quiet in distressed debt markets, so it is interesting to see where two of the biggest players in Australian distressed debt have popped up.


BarclayHedge: Hedge Funds Off To Strong Start In 2019  AlphaWeek

Investor optimism spurred by a variety of favourable conditions pushed hedge funds to a solid start in 2019 with a 3.88% return in January, according to the ...


Hedge funds hunt for shipping debt in new market push  Reuters UK

A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy up loans and bonds as banks cut ...


Hedge funds hunt for shipping debt in new market push  Reuters

A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy up loans and bonds as banks cut ...


CORRECTED-Hedge funds hunt for shipping debt in new market push - UK Money News  London South East

(Corrects Feb. 20 story to remove incorrect reference to sale of loans by Varde and Oakhill). By Jonathan Saul and Maiya Keidan. LONDON, Feb 20 (Reuters) ...


Hedge funds hunt for shipping debt in new market push  Yahoo Finance

A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy up loans and bonds as banks cut ...


Mark Shattan opens GrowthLine Capital Management

The post Former GSAM MD preps l/s equity launch appeared first on HFM Week.


Start your day every morning with the Opening Bell powered by The Water Coolest. The Water Coolest is the preferred bathroom stall reading material of finance professionals. Sign up for the free daily newsletter. Oh, and BTW, The Water Coolest and Dealbreaker are giving away a Johnny Wall Street ...


Geneva-based manager increased her fund’s shorts on UK exporters in January

The post Pictet’s Aktuğ expects Brexit extension appeared first on EuroHedge.


$11.5bn corporate pension ups its allocation while several other plans shut door

The post General Dynamics increases hedge fund exposure appeared first on HFM InvestHedge.


Axioma, a provider of enterprise risk management, portfolio management and regulatory reporting solutions, has launched its new APAC (AP4) and APAC ex-Japan (APexJP4) Risk Models – the most recent update to the firm’s next-generation Equity Factor Risk Model suite.
 
Axioma’s Asia Pacific models follow the recent releases of its Emerging Market (AXEM4) and China (AXCN4) Risk Models, providing equity investors with deep, actionable insights into how to best manage risk and returns across major global growth markets.
 


SmartStream Technologies, a financial Transaction Lifecycle Management (TLM) solutions provider, has partnered with Numerix, a provider of risk technology solutions to better support its end users in complying with ISDA’s margin requirements for non-centrally cleared derivatives.


Latham & Watkins has appointed Ivana K Rouse as a partner in the Corporate Department and a member of the Investment Funds Practice in the firm’s Houston office.  


OKEx, a Malta-based digital asset exchange, recorded 223 per cent growth in monthly trading volume in the two months following its launch.


FundsLibrary, a provider of digital fund data and regulatory solutions, has entered into a strategic partnership with 360 Fund Insight, which focuses on providing independent advice and facilitating best execution that is transparent and cost effective.


Hedge funds make solid start to 2019  HedgeWeek

Investor optimism spurred by a variety of favourable conditions pushed hedge funds to a solid start in 2019 with a 3.88 per cent return in January, according to ...


Eurekahedge Hedge Fund Index up 2.32 in January  Opalesque

The Eurekahedge Hedge Fund Index kicked off the year with a solid showing, as it gained 2.32% in January, in contrast to how the index declined 4.08% last ...


Investors keep redeeming from hedge funds: Global AUM now $2309bn as of January 2019  Opalesque

The assets under management (AUM) of the global hedge fund industry stood at US$2309.2 billion as of January 2019, based on $22.1bn of performance ...


Erik Addington joins the multi-strat’s NY office

The post Nomura CFO joins Gelband’s ExodusPoint appeared first on HFM Week.


Erik Addington joins the multi-strat’s NY office

The post ExodusPoint hires Nomura CFO appeared first on HFM Week.


Steve Cohen’s Venture Firm Invests in U.S. Cybersecurity Company (Reuters) NEW YORK (Reuters) – Billionaire investor Steve Cohen’s Point72 Ventures has invested in a U.S. cybersecurity firm that will ...


Kyle DiGangi joins in New York from Oak Hill Advisors

The post AllianceBernstein hires deputy CCO appeared first on HFM Week.


Embattled Flybe snubs takeover; Hedge funds short Intu; and more...

The post News round-up: Citadel snaps up Margate founder appeared first on HFM Week.


Eurekahedge Hedge Fund Index up 2.32 per cent in January  HedgeWeek

The Eurekahedge Hedge Fund Index was up 2.32 per cent in January, as the risk-on sentiment returned to the market, propelling the MSCI AC World Index ...


Artivest has selected Sudrania Fund Services (Sudrania) to provide shadow fund accounting services for its Altegris mutual fund products.


Artemis Investment Management has promoted Nick Shenton and Andy Marsh, co-managers alongside Adrian Frost of the GBP5.5 billion Artemis Income Fund and of a further GBP3.6 billion in other UK equity income mandates, to partner with immediate effect.


Equitivo is partnering with Ablrate, a specialist asset backed lending marketplace, to accelerate its growth, launch a new integrated broker platform, expand its marketing and develop new products.


Precocity Capital, an energy-focused hedge fund run by former SAC Capital PM Nick Tiller, is closing down, according to sources familiar with the matter. The hedge fund managed more than $1 billion as ...


Flybe snubs takeover proposal from US airline Mesa Air and hedge fund Bateleur Capital  Independent.ie

Troubled airline Flybe has snubbed a rival takeover proposal from US airline Mesa Air Group and hedge fund Bateleur Capital, with support from Stobart Group ...


CTAs have increased long fixed income positions, says Lyxor  HedgeCo.net

(Hedgeweek) CTAs have dramatically increased their long fixed income positions over the last quarter according to the latest Weekly Brief from Lyxor's Cross ...