Hedge Funds

‘Crypto’ hedge funds spring up in crowded field

Ari Lewis was a high school student in Long Island, New York, when he bought his first bitcoin in 2012. It cost less than $10, he recalls.<p>This May, …

Cryptocurrency

Brexit trades: not as simple as they looked

Trading Brexit was meant to be so simple. The week before Britain’s referendum George Soros, one of the most feared currency speculators, declared …

Brexit

Exclusive - Perry's TeamCo is latest hedge fund industry casualty

NEW YORK (Reuters) - David Perry plans to end the main operations of TeamCo Advisers LLC by early 2018 and ultimately shut the firm, he told Reuters in an interview, making his San Francisco-based business the latest casualty in the struggling fund of hedge funds industry.<p>Firms like TeamCo that …

Finance

New York police and firefighters seek pension fund protection

New York’s police and firefighter pension funds have invested about $127m in a quantitative hedge fund that specialises in providing protection at …

Finance

Oil Market Looking ‘Heck of a Lot Better’ Lures Back Hedge Funds

Things are looking up for oil and it’s bringing hedge funds back.<p>They haven’t been so bullish on Brent crude since March, and they increased their …

Oil

Best Hedge Fund on India Says Expect 7 Good Years in Next 10

The top-performing hedge fund focused on India isn’t scared by equity valuations that are the most expensive in 10 years and predicts Asia’s …

Business

Commentary: BoE sparks hedge funds' biggest bearish sterling bet reversal

LONDON (Reuters) - The Bank of England just gave hedge funds a bloody nose.<p>Warnings from BoE officials - as sudden as they were stark - that interest rates could soon go up have sparked the biggest ever reversal of hedge fund bets that sterling will weaken.<p>In the week to Tuesday, Sept. 19, hedge …

Economy

Hedge fund legend predicts nearly half of all jobs will be replaced by AI

Bridgewater Associates founder Ray Dalio said Friday that almost half of the jobs in the next two decades will be replaced by artificial intelligence.<p>…

Lifestyle

Study reveals where the ultra-wealthy are actually putting their money

The ultra-wealthy are allocating more of their money to equities and less to hedge funds and real estate this year, a survey of family offices …

Finance

Steve Cohen just took a big step forward in his comeback with a massive new hedge fund

Steve Cohen, the billionaire hedge-fund manager briefly banned from the industry after an insider-trading investigation, this week sent investors documents pitching his new fund, Stamford Harbor Capital, a likely investor who has reviewed the deck told Business Insider.<p>The pitch is the latest move …

Business

Hedge Fund Crowding Update: Q2 2017

Most analysis of hedge fund crowding mistakenly focuses on popular positions.<p>Hedge fund crowding primarily consists of systematic factor bets shared …

Trading

Don't leaf me now: Investors more pleased with hedge fund returns into the second half

Amid concerns from some investors that hedge funds are becoming a little old-hat, it seems that hedgies' managers are pulling their socks up.<p>A recent …

Finance

Hedge funds and private equity to face fee transparency probe

Alternative asset management fees are to be examined by the regulator’s working group at the same time as those from mainstream fund houses<p>The …

Finance

U.S. Money is Pouring Into Asian Hedge Funds

After a long absence, global investors are pouring money into hedge funds that focus on China, India and other emerging markets, with much of the cash flood originating in the U.S.<p>Asian hedge fund managers have increased their assets under management by $13.6 billion this year through the end of …

Finance

Top Hedge Fund Ideas That Outperform the Market

Investor sentiment towards the hedge fund industry has been overwhelmingly negative since the financial crisis. Chronic underperformance, the rise of passive and quant strategies, and mounting pressure on fees have dogged the the sector, leading the most optimistic analysts to claim that active …

Investing

Hedge Funds and Systemic Risk Missing from the FSOC’s Agenda

Download the PDF here.<p>On Friday, September 22, Treasury Secretary Steven Mnuchin will preside over a meeting of the Financial Stability Oversight …

Finance

Indian Billionaire Serves a Happy Meal to the Hedge Funds - Bloomberg Gadfly

Anil Agarwal is cementing his influence over Anglo American Plc. The resources magnate is set to become the largest shareholder in the mining giant …

Finance

Rubicon — a macro hedge fund in London — has lost a third of its value this year

NEW YORK – Rubicon Fund Management, a large London hedge fund focused on trading around global economic events, has suffered a 33.2% loss in its flagship fund this year.<p>The losses were disclosed in investor documents reviewed by Business Insider.<p>That implies that investors are pulling money from …

Business

Could Endowments Do Better With an All-ETF Portfolio?

The $37.1 billion Harvard endowment reported on Tuesday an 8.1% return for its June-end fiscal year. Harvard Management Company CEO N.P. Narvekar in …

Finance

Selling data to feed hedge fund computers is one of the hottest areas of finance right now

Kumesh Aroomoogan has come a long way from his days at Wall Street bank Citigroup, where his job was to stay on top of breaking news. He remembers getting yelled at by a trader because he stopped watching news feeds to go the bathroom and missed a market-moving headline. Now, he’s the co-founder …

Finance

World's Largest Hedge Fund Founder: Bitcoin is a 'Bubble'

The founder of the world's largest hedge fund he believes that there's a bubble in the bitcoin market.<p>Ray Dalio is the founder of Bridgewater …

Cryptocurrency

Co-op Bank finance boss leaves just weeks after rescue deal

The Co-op Bank's finance chief is leaving just weeks after it was rescued in a £700m takeover by five US hedge funds.<p>The bank confirmed John Worth, who joined as chief financial officer just over a year ago, would exit the troubled lender in an update to investors this afternoon.<p>Mr Worth's …

Investing

Hedge Fund Up 21% Sets Sight on Fed to Supercharge Returns

For the better part of a decade, global macro hedge funds have struggled to make money, complaining that central-bank policies have crimped …

Economy

Co-op Bank finance chief to exit weeks after £700m rescue deal

Sky News has learnt that John Worth, who only joined the Co-op Bank a year ago, is expected to leave in the coming weeks.<p>The hedge funds which …

UK News

Connecticut hedge-fund manager plans run for governor

Connecticut needs a hedge-fund manager to solve its problems.<p>That’s according to 48-year-old David Stemerman, who said Tuesday he will shut down his …

Business

What Warren Buffett's $1 Million Bet Can Teach You About Making Smart Decisions

Hedge fund manager Ted Seides admits defeat in their 10-year wager.<p>Sometimes highly paid experts are just wrong. Or at least, not worth their lofty pay. Warren Buffett proved that point by winning his 10-year wager with hedge fund manager Ted Seides of Protg Partners.<p>In 2008, Buffet bet the …

Investing

Warren Buffett Wins $1M Bet Made A Decade Ago That The S&P 500 Stock Index Would Outperform Hedge Funds

In 2007, Warren Buffett challenged finance professionals in the hedge fund industry to accept a bet that Buffett described in his 2016 letter to …

Investing

Hedge Fund Closings Slow, But Value Funds See Outflows

High fees and low returns led to a cascade of hedge fund closings last year, sweeping away even heavy hitters like Perry Capital and Eton Park. This year is easing frets about the death of the hedge fund industry as liquidations declined in the second quarter, according to Hedge Fund Research.<p>Hedge …

Business

Hedge funds want to kill $20 billion chemicals deal

An activist investor has built up a 15% stake in Swiss chemicals group Clariant and is vowing to fight its planned $20 billion merger with Huntsman.<p>White Tale Holdings, an investment partnership created by hedge funds Corvex and 40 North, has written to Clariant's (CLZNY) board, urging them to …

Business

Hedge fund closures still outnumbered launches in second quarter - MarketWatch

The hedge fund industry has been showing some signs of strength of late, but it continues to struggle against the broad trend of investors moving …

Markets