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Hedge Fund News From HedgeCo.Net

Breaking Hedge Fund News

Last Build Date: Fri, 20 Jan 2017 14:30:38 +0000


Boston-Area Hedge Fund Accused of Fraud, Misuse of Investors’ Money

Fri, 20 Jan 2017 14:30:38 +0000

(Reuters) A small Boston-area hedge fund operation on Wednesday was accused of running a Ponzi scheme that included spending investor money on liquor, luxury hotels and specialty cars, according to a complaint by the top securities regulator in Massachusetts.Alleged victims […]

Struggling Hedge Funds Still Expense Bonuses, Bar Tabs

Fri, 20 Jan 2017 14:29:37 +0000

(Reuters) Investors are starting to sour on the idea of reimbursing hedge funds for multi-million dollar trader bonuses, lavish marketing dinners and trophy office space. Powerful firms such as Citadel LLC and Millennium Management LLC charge clients for such costs […]

Financial Company Charged With Improper Accounting and Impeding Whistleblowers

Fri, 20 Jan 2017 14:29:17 +0000

(HedgeCo.Net) The Securities and Exchange Commission today announced that Seattle-based financial services company HomeStreet Inc. has agreed to pay a $500,000 penalty to settle charges that it conducted improper hedge accounting and later took steps to impede potential whistleblowers. HomeStreet’s […]

Ex-Visium Fund Manager Convicted of Fraud by Manhattan Jury

Fri, 20 Jan 2017 14:28:38 +0000

(Reuters) A former portfolio manager at Visium Asset Management LP was convicted of securities fraud on Thursday, following a trial that stemmed from a federal investigation that led to the New York-based hedge fund’s closure last year. Stefan Lumiere, whose […]

A Hot New Hedge Fund Expects ‘Hundreds Of Billions Of Dollars’ In Tech Deals

Fri, 20 Jan 2017 14:27:51 +0000

(The Business Insider) A hot new hedge fund says the tech industry is up for a wave of deals worth billions of dollars — and it is betting big on companies that could benefit… To read this article:

Fund Managers Burned by Last Commodity Slump Want Back In

Fri, 20 Jan 2017 14:27:14 +0000

(Bloomberg) The year-old commodities boom is drawing the attention of some pension and mutual funds that got burned when the last rally fizzled more than five years ago. They want back in. After seeing the first annual return for raw […]

John Paulson: Increased Long Exposure to Stocks After Trump’s Win

Fri, 20 Jan 2017 14:27:01 +0000

(CNBC) Hedge fund manager John Paulson, who openly supported Donald Trump’s candidacy and played a role in helping to shape his economic agenda, echoed many in the business community who are optimistic about the coming administration’s policies.”An administration that supports […]

Goldman’s Quarterly Profit Quadruples!

Fri, 20 Jan 2017 14:26:25 +0000

(New York Post) Goldman Sachs reported a blow-out final quarter of 2016 on Wednesday, nearly quadrupling its profit on huge gains in trading as the markets reacted to the election of Trump. The bank reaped $2.35 billion in profit during […]

Soros Says Markets to Slump With Trump, EU Faces Disintegration

Fri, 20 Jan 2017 14:24:53 +0000

(Bloomberg) It’s tough to be gloomier than billionaire George Soros right now. America has elected a would-be dictator as president, the European Union is disintegrating, U.K. Prime Minister Theresa May won’t last long as her nation prepares to secede from […]

Hedge Funds in 2016

Fri, 20 Jan 2017 14:22:57 +0000

(Preqin) We take a look at the key findings from the forthcoming 2017 Preqin Global Hedge Fund Report, including AUM, asset flows, performance, fund launches and liquidations, plus fund managers’ and investors’ outlook for the year ahead. To read this […]

Hedge Fund Shift From Reviled 2-and-20 Fees Spreads to Asia

Fri, 20 Jan 2017 14:20:35 +0000

(Bloomberg) The hedge fund industry’s shift away from the much-maligned 2-and-20 fee model is gathering steam in Asia. As investors worldwide are balking at hefty fees, Hong Kong hedge funds Myriad Asset Management and Ortus Capital Management are crafting alternatives […]

Top Nordic Hedge Fund Delivers 30% Return With Activist Agenda

Fri, 20 Jan 2017 14:17:46 +0000

(Bloomberg) Telling top management what to do is paying off for this Nordic hedge fund.“If you’re just a shareholder you can express your views but the company forgets about it when you leave the room,” Henri Osterlund, founding partner of […]

The CEO of the World’s Largest Hedge Fund Says Populism is Now No. 1 Market Concern

Fri, 20 Jan 2017 14:15:21 +0000

(CNBC) The rise of populism across developed nations is now more important than central banks for global market participants, Ray Dalio, the founder and co-chief investment officer at Bridgewater Associates, said Wednesday. Dalio…said that populism, which includes negative views on […]

BlackRock Charged With Removing Whistleblower Incentives in Separation Agreements

Thu, 19 Jan 2017 06:04:37 +0000

(HedgeCo.Net) The Securities and Exchange Commission today announced that New York-based asset manager BlackRock Inc. has agreed to pay a $340,000 penalty to settle charges that it improperly used separation agreements in which exiting employees were forced to waive their […]

‘Clinton Cash’ Book Got Most of Its Funding From One Hedge Fund Star

Thu, 19 Jan 2017 06:01:04 +0000

(Bloomberg) The nonprofit group behind the bestseller “Clinton Cash,” whose investigation of dealings by Hillary Clinton and her family furnished ammunition for Donald Trump in last year’s presidential campaign, got two-thirds of its funding from a single hedge-fund manager. Robert […]

This Hedge Fund Says China’s Next Big Short Is Stocks

Thu, 19 Jan 2017 05:58:48 +0000

(Bloomberg) When Kevin Smith realized late last year that China was getting serious about defending its currency, his first move was to dial back bearish bets on the yuan. His second move: double down on wagers against Chinese stocks. Smith, […]

Belgrave Capital Management Unveils New UCITS-Compliant Fund of Funds

Thu, 19 Jan 2017 05:54:47 +0000

(FinAlternatives) London-based Belgrave Capital Management, a unit of Swiss financial services company Banca del Ceresio, has launched a new UCITS-compliant fund of funds strategy aimed at providing exposure to a number of leading equity managers. To read this article:

State Street To Pay $64.6M To Resolve U.S. Probes

Thu, 19 Jan 2017 05:52:23 +0000

(FinAlternatives) State Street will pay $64.6 million to resolve U.S. investigations into what prosecutors said was a scheme to defraud six clients through secret commissions on billions of dollars of trades, authorities said on Wednesday. To read this article:

The Case for Currency-Hedged Japanese Stocks

Thu, 19 Jan 2017 05:47:47 +0000

(Harvest) We see a strong case for Japanese stocks on a currency-hedged basis, as this week’s chart helps explain. We believe they should disproportionately benefit from global reflation, as well as a potential pickup in Japanese growth ahead. A weak […]

Greenlight’s Einhorn Sticks With What He Likes, Raises Stake in GM

Thu, 19 Jan 2017 05:44:20 +0000

(Reuters) David Einhorn’s hedge fund Greenlight Capital, which gained 8.4 percent in 2016, said on Tuesday it raised its stake in General Motors, already the firm’s biggest position, and still likes Apple Inc but is betting that companies like Caterpillar […]

10 Firms Violated Pay-to-Play Rule By Accepting Pension Fund Fees Following Campaign Contributions

Wed, 18 Jan 2017 13:51:01 +0000

(HedgeCo.Net) — The Securities and Exchange Commission today announced that 10 investment advisory firms have agreed to pay penalties ranging from $35,000 to $100,000 to settle charges that they violated the SEC’s investment adviser pay-to-play rule by receiving compensation from […]

Allergan Paying $15 Million Penalty for Disclosure Failures During Merger Talks

Wed, 18 Jan 2017 13:49:00 +0000

(HedgeCo.Net) The Securities and Exchange Commission today announced that Allergan Inc. has agreed to admit securities law violations and pay a $15 million penalty for disclosure failures in the wake of a hostile takeover bid. The SEC’s order finds that […]

BofAML Survey: Trump Trades Fade As Investors Sweat Strong Dollar, Policy Dangers

Wed, 18 Jan 2017 13:46:44 +0000

(FinAlternatives) Investors have begun fretting more about Donald Trump’s economic policies and the increasing potential for U.S. policy errors, according to a new survey of fund managers from Bank of America Merrill Lynch, pushing cash levels higher even as expectations […]

Blackrock Demands Cuts to Executive Pay and Bonuses

Wed, 18 Jan 2017 13:45:45 +0000

(HITC Business) The world’s largest fund manager is threatening to unleash a fresh wave of shareholder rebellions in the UK unless Britain’s largest companies rein in excessive boardroom pay… To read this article

Trump Commerce Nominee Wilbur Ross to Divest Stake In PE Firm

Wed, 18 Jan 2017 13:44:44 +0000

(FinAlternatives) Nominated to be Commerce Secretary in the incoming Trump Administration, distressed investing guru Wilbur Ross has pledged to sell his stake in his main private equity firm and resign from corporate boards in order to prevent potential conflicts of […]

Eurekahedge: Industry AUM Contracts $12.2B in 2016 Despite +4.48% Return

Wed, 18 Jan 2017 13:42:49 +0000

(FinAlternatives) Assets in the hedge fund industry contracted by $12.2 billion in 2016 as persistent redemption pressures resulted in steep net outflows of $42.5 billion for the year, according to the new research from data provider Eurekahedge. To read this […]

Two Settle U.S. Charges on Failing to File Stock Buys With Regulator

Wed, 18 Jan 2017 13:40:28 +0000

(Reuters) Danaher Corp co-founder Mitchell Rales agreed to pay $720,000 to settle allegations that he failed to report stock purchases to the government so that they could be vetted to determine if they violate antitrust law, antitrust enforcers said on […]

Greenlight’s Einhorn Sticks With What He Likes, Raises Stake in GM

Wed, 18 Jan 2017 13:34:51 +0000

(Reuters) David Einhorn’s hedge fund Greenlight Capital, which gained 8.4 percent in 2016, said on Tuesday it raised its stake in General Motors, already the firm’s biggest position, and still likes Apple Inc but is betting that companies like Caterpillar […]

Ex-Goldman Trader’s Macro Hedge Fund Said to Lose 5% in 2016

Wed, 18 Jan 2017 13:32:08 +0000

(Bloomberg) Former Goldman Sachs Group Inc. trader Leland Lim’s macro hedge fund lost 5.1 percent in 2016, even after recovering from steep declines early in the year, according to people with knowledge of the matter. Assets overseen by Lim’s Hong […]

This Hedge Fund Made 37% Betting On Banks In 2016 And Remains Bullish After The Trump Rally

Wed, 18 Jan 2017 13:29:47 +0000

(Forbes) Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the so-called ‘Trump Bump’ because the rally […]

Machine Intelligence and Risk Management, with Jeremiah Lowin

Wed, 18 Jan 2017 13:23:31 +0000

(Harvest) Jeremiah Lowin is probably the smartest guy I know, and that is saying something. He is an expert in the fields of statistics, artificial intelligence, and risk management—among many other things. He is currently the Director of Risk Management […]

This Is The Only Number That Can “Switch Off” The Bull Market

Wed, 18 Jan 2017 13:21:20 +0000

(Harvest) The stock market has enjoyed quite a run since Election Day. But even before Donald Trump surprised the world and won the U.S. presidency, stocks were on an epic run that began in March 2009 at the depths of […]

Morgan Stanley Paying $13 Million Penalty for Overbilling Clients and Violating Custody Rule

Tue, 17 Jan 2017 17:06:03 +0000

(HedgeCo.Net) The Securities and Exchange Commission today announced that Morgan Stanley Smith Barney has agreed to pay a $13 million penalty to settle charges that it overbilled investment advisory clients due to coding and other billing system errors. The firm […]

Some Hedge Funds Strong Start in 2017 Nice Contrast to 2016

Tue, 17 Jan 2017 17:03:22 +0000

(Valuewalk) With the 2016 HSBC Hedge Weekly performance rankings in the books – a year in which the same leader-board entries pretty much dominated unchallenged throughout the year – comes a new leader board that is a hard-scrabble mix of […]

Oil Prices Stall as Hedge Funds Stop Adding to Longs

Tue, 17 Jan 2017 17:01:23 +0000

(Reuters) Hedge fund bullishness towards the price of crude oil appears to have peaked for the time being, with fund managers booking some profits after the strong rally in the final seven weeks of 2016. Few managers are willing to […]

Expect Hedge-Fund Returns to be More Honda than Rolls Royce, Point72 Says

Tue, 17 Jan 2017 16:59:49 +0000

(Bloomberg) Hedge funds will have to adapt to a more challenging market as investors respond to disappointing returns by demanding their fees back or pulling out altogether, according to Matthew Granade, chief market intelligence officer of Point72 Asset Management.No matter […]

This Hedge Fund Says China’s Next Big Short is Stocks

Tue, 17 Jan 2017 16:57:38 +0000

(Bloomberg) When Kevin Smith realized late last year that China was getting serious about defending its currency, his first move was to dial back bearish bets on the yuan. His second move: double down on wagers against Chinese stocks. Smith, […]

High-Speed Traders Are Taking Over Bitcoin

Tue, 17 Jan 2017 16:55:52 +0000

(Bloomberg) Zhou Shuoji is not a bitcoin believer. He says the cryptocurrency will never replace its traditional forebears, and he calls most of its proponents fanatics. But for Zhou, a 35-year-old high-speed trader in Beijing, bitcoin is also too good […]

5 Big Things to Know About The Bond Market in 2017

Tue, 17 Jan 2017 16:53:04 +0000

(Harvest) Welcome to 2017! It is time to take a look into the crystal ball and try to figure out what the bond market has in store for us this year. Here are the five big things you should keep […]

Where Will Markets Close When Trump Takes Office?

Tue, 17 Jan 2017 16:50:27 +0000

(Harvest) Wall Street has rallied throughout the end of last year edging closer to the 20,000 mark but not quite breaking through. Since the surprise win by President-elect Trump, investors are betting his economic proposals, which include massive corporate tax […]