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Hedge Funds Flat In Nov., But Conv. Arb. And Emerging Mkts. Take Beating

Nov 26 2014 | 11:23am ET

Convertible arbitrage and emerging markets hedge funds are having the worst of what is otherwise a rather ho-hum November.

According to Hedge Fund Research’s HFRX indices, convertible arbitrage funds plummeted 4.36% through Nov. 21, leaving them down 8.19% on the year. Emerging markets funds weren’t far off, shedding 4.26% to extend their average year-to-date loss to 5.74%.

 

Latest News

Moore Trader Tipped On Major Currency Deal, HSBC Says

Nov 26 2014 | 1:56pm ET

A senior HSBC trader tipped a Moore Capital Management trader about an enormous foreign-exchange transaction linked to a deal done by the bank, it told U.S. and British authorities.

Paulson Recovery Fund Changes Course, Name

Nov 26 2014 | 1:54pm ET

For Paulson & Co, the U.S. recovery is over. The $19 billion hedge fund has told clients that it will expand the remit of its five-year-old Recovery Fund, allowing it to invest in European and event-driven opportunities.

Cohen’s Ex Taps Legal Financing Firm In Divorce Battle

Nov 26 2014 | 11:38am ET

When a federal judge earlier this month gave Steven Cohen’s ex-wife’s lawyers the go-ahead to question him about the insider-trading scandal that engulfed his hedge fund, she cited the “seemingly inexhaustible resources that each side has brought to bear.” It’s easy to see how the billionaire has borne those costs; now, it’s also become clear how his much-less-well-heeled-ex has done so.

BofA Gets Green Light To Continue Hedge-Fund Sales

Nov 26 2014 | 11:25am ET

Bank of America’s mortgage-bond settlement won’t keep it from selling hedge funds to clients.

Ex-Permal Emerging Markets Head Plans Asia Fund Of Funds

Nov 26 2014 | 11:21am ET

Permal Group’s former emerging-markets chief is set to launch a rare new fund of Asia-Pacific hedge funds.

Dexion Teams With Brown & Co In Farmland Venture

Nov 26 2014 | 10:44am ET

Dexion Capital has teamed with Brown & Co to launch a farmland-focused asset manager

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In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm to some of the world’s most influential investors and the publisher of the daily newsletter Sight Beyond Sight. Azous recently sat down with FINalternatives to speak about his latest views on global macro investing.

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