Friday, 29 May 2015
Last updated 11 hours ago
May 26 2015 | 1:44pm ET
Hedge funds bought the S&P 500 at the strongest pace in three months and have moved to a net long stance, according to the latest Bank of America Merrill Lynch Hedge Fund Monitor for the week ending May 20.
The diversified hedge fund index tracked by BofAML is up 0.52% for the period, again underperforming the 1.3% gained by S&P 500 on a price returns basis. Macro funds topped the performance tables, up 1.02%, while Equity Market Neutral funds were down 0.16%.
May 28 2015 | 2:48pm ET
Hedge funds invested in China and Russia have returned to industry-leading performance, driven by a recovery in the Russian ruble, higher oil prices, and a surge in equity trading in China, according to HFR's latest Emerging Markets Hedge Fund Industry Report.
May 28 2015 | 1:58pm ET
New Jersey’s public pension plan is pulling approximately $284 million from BlueCrest Capital Management due to disappointing returns.
May 28 2015 | 1:31pm ET
In an effort to recoup losses from a failed loan program to luxury property developers in the United States, hedge fund Highland Capital Management has filed a lawsuit against Credit Suisse Group AG for more than $500 million.
May 28 2015 | 12:39pm ET
Fund Evaluation Group has closed its second private capital fund of funds at $227.3 million, beating its original $125 million target.
May 28 2015 | 11:32am ET
Liquid alternatives company Catalyst Funds has grown assets under management by 100% in eleven months, surpassing $2 billion in total AUM in the process.
May 28 2015 | 11:05am ET
Crispin Odey’s flagship Odey European Fund has revealed an extraordinary 19.3% loss in what it described as a “bloody April”.More News
May 28 2015 | 6:05am ET
Some of the biggest names in the investment world have been whipsawed by the recent rise in global yields and the strength in the euro against the dollar, with investors bracing for more sharp moves later this year stemming from central bank actions.
May 28 2015 | 5:36am ET
Tax-related alerts are increasingly helping investment managers harvest tax alpha and deliver optimized after-tax returns. These alerts, whether proactive or predictive, warn investment managers about tax implications of their trading activity and help keep them out of the danger zone: revealing unexpected disallowed losses or even tax liabilities on non-existent gains. G2 FinTech's George Michaels and Brian Roberti explain.
May 12 2015 | 12:10am ET
Yale University announced it has received a $150 million gift from Blackstone Group co-founder, Chairman, and CEO Stephen A. Schwarzman. The university plans to use the nine-figure gift to create a new cultural and student life center.
May 8 2015 | 6:38am ET
Some of the most brilliant hedge fund managers have seen their firms collapse not because of poor investment decisions, but because of failed operations. Managing a business is very different than managing a fund. One firm is harnessing technology to help managers run their businesses. OpsCheck, which was specifically built for fund managers, is a web-based application aimed at managing and warehousing all business operational tasks for hedge funds.
May 12 2015 | 8:46pm ET
President Barack Obama addressed U.S. struggles with class and race in personal terms on Tuesday and renewed his call to close tax loopholes enjoyed by wealthy hedge fund managers as a way to reduce poverty among Americans.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…