Thursday, 2 October 2014
Last updated 14 hours ago
Aug 12 2010 | 12:29pm ET
Despite worrying news about the global economy, hedge funds do not expect the markets to tank, according to two industry players.
“I don’t think we’re looking at a long-term train wreck,” SkyBridge Capital’s Anthony Scaramucci told CNBC’s Fast Money.
“There’s no question that the Fed signaled they’re worried,” he said. “But most of the hedge funds I spoke with on Wednesday are only looking for a 5% to 10% correction.” Scaramucci added, “over the next three to four weeks, I think we see the market stabilize.”
Metropolitan Capital’s Karen Finerman agrees that hedge funds are well positioned, and won’t contribute to the problem, at any rate.
“No hedge funds that I know of are levered up big,” she told CNBC. “That should mean we’re not going to see forced selling in the marketplace.”
“And for what it’s worth,” Scaramucci said, “I don’t think there will be a double-dip.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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