Hedge Funds

Hedge Funds

With global hedge fund assets at roughly $3.45 trillion (and growing by double-digit percentages each year), money managers have a greater influence on public and private markets than ever before. DailyAlts covers every element of the hedge fund industry – from changing performance structures to manager strategies, from regulatory oversight to activist holdings, and from new fund launches to the liquidation of underperformers. This channel is your one-stop-shop for daily news and insights for the influential and topical hedge fund space.

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Alternative Investments/Hedge Funds: ETFs’ AUM Continues To Trounce Hedge Funds (ETFGI)

November 2, 2020

As at end of Q3 2020, ETFs AUM exceeded that of hedge funds by $3.58 trillion. Hedge funds gathered net inflows of $13 billion during Q3 while ETFs/ETPs gathered net inflows of $194.4 billion, according to data from ETFGI.

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More Stories on Hedge Funds

Deutsche Bank will transfer prime broking and electronic equities to BNP Paribas

September 24, 2019

Deutsche Bank has agreed to migrate key clients, human resources, and technology in prime broking and electronic equities to BNP Paribas.
Deutsche Bank prime brokerage clients, primarily hedge funds, are unlikely to see any disruption from this arrangement. That’s because the two banks have agreed to provide “continuity of service” to these clients.

Some Hedge Funds and Airlines to Gain from Thomas Cook’s Collapse

September 23, 2019

Hedge funds that used credit default swaps to bet on Thomas Cook’s collapse will make a lot of money.
The 178-year old travel operator, Thomas Cook’s collapse, will lead to the loss of 21,000 jobs. Besides, more than 150,000 tourists are stranded across the world at vacation spots.

Elliott Management Bulking Up on Cash

September 22, 2019

Paul Singer’s Elliott Management, fearing a market meltdown, is raising fresh money from investors.
The activist investor could raise a war chest of $5 billion, according to an investor.

AT&T Considering Options for DirecTV Unit

September 19, 2019

AT&T may sell DirecTV, among other options, as consumers drop TV connections.
Telecom giant AT&T, which bought DirecTV for $49 billion in 2015, maybe considering a U-turn on the unit.
According to sources in the know, the satellite TV service is seeing a diminishing subscriber base. This trend is a result of consumers ‘cutting the cable cord.’

Sony Rejects Loeb’s Proposal to Spin Off the Semiconductor Business

September 17, 2019

Sony rejects Loeb’s proposal to spin off the semiconductor business.
President and CEO Kenichiro Yoshida wrote to shareholders today saying the company intended to retain the business
Backed by the full Sony board, Yoshida said in the letter that “retaining the semiconductor business is the best strategy for enhancing Sony’s corporate value over the long term.”

Stocks Propel Hedge Funds to the Best First Half in a Decade

September 16, 2019

The beleaguered hedge fund industry has something to cheer about. According to Hedge Fund Research, funds gained 5.7% during the six months ended June 2019.

For $5 Million, You Can Passively Invest in an Index of 500 hedge Funds

September 16, 2019

Aberdeen Standard Investments (ASI) and Hedge Fund Research Inc (HFR) are teaming up to launch an innovative new product.
It’s a fund that will track HFR’s 500 index. The index comprises the largest 500 funds that report to the HFR Database and offer quarterly liquidity or better.

Arrowgrass Capital Partners Will Shut Down

September 14, 2019

Blame the Fed, Blame the ECB, Blame All-Around  Arrowgrass Capital Partners is shuttering its doors after 11 years. The hedge fund – founded by Deutsche Bank AG traders – blamed central banking policies around the globe for its closure. Investors have been rushing to redeem capital over the last two years. A letter viewed by…

Hedge fund Autonomy Capital Drops $1 Billion on Argentinian Wagers

September 12, 2019

Autonomy Capital lost that much in one month following political turmoil in Argentina
Last month we reported on the losses suffered by Brazilian hedge fund Newfoundland Capital Management in Argentinian stocks.
Turns out Autonomy Capital, the prominent macro fund founded by Robert Gibbins, was also singed.

Leon Cooperman: High odds of interest rates going up make private equity risky

September 12, 2019

The legendary hedge fund manager said declining interest rates had propped up returns in PE, but this could change
Cooperman was speaking at an event hosted by the New York Alternative Investment Roundtable. Initially calling private equity a scam, he later clarified his remarks. Though he was put off by the high fees and lengthy lock-ups, he said the industry wasn’t a scam.

What does Ken Griffin know about uber-luxe real estate that we don’t?

September 12, 2019

The billionaire, hedge fund manager, paid nearly $100 million for a Palm Beach property next to one he already owned
Ken Griffin is the US titleholder for owning the most expensive home in the country. He has a penchant for acquiring the most costly and luxurious properties in the priciest cities across the globe.

AT&T Gets Heat from Billionaire Activist

September 12, 2019

Hedge Fund Elliott Management writes to ATT on how to “realize a historic increase in value” for its shareholders
Billionaire Paul Singer owns Elliott Management. It revealed in its letter yesterday to telecom conglomerate AT&T that it owned $3.2 billion of the latter’s stock. Elliott’s open letter claimed that AT&T could boost its share price to $60+ by 2021 through “readily achievable initiatives.”

FCA-Approved Crypto-Arbitrage Fund Raises $50 Million

September 10, 2019

Nickel Asset Management, a London-based hedge fund, has officially launched a cryptocurrency-focused ‘Nickel Arbitrage Fund.’
The new fund has raised $50 million within two months and won rare approval from UK regulators.

Roivant, the Hedge Fund Specializing in Drug Castoffs, Signs $3 Billion Deal

September 9, 2019

Japanese drugmaker Sumitomo Dainippon Pharma will buy a stake of just over 10% in Roivant Sciences
Former hedge fund manager Vivek Ramaswamy founded Roivant Sciences, a Swiss holding company. Roivant builds “Vants” – biotech and healthcare companies that license, or own, development drugs sidelined by Big Pharma companies.
Roivant currently owns a central technology-enabled platform and 20 Vants with over 45 investigational medicines under development.

Protos Hedge Fund

Now trade the world’s 1st tokenized hedge fund – 24/7

September 9, 2019

Protos, the world’s first tokenized hedge fund, opened to public investors this month
Crypto investors can now trade the Protos hedge fund tokens on the OpenFinance Network (OFN). OFN is an SEC-registered Alternative Trading System (ATS).

Activist hedge fund accuses condom-maker of inflating financials

September 9, 2019

Ben Axler of Spruce Point says Church & Dwight rigged numbers to jack up compensation bonuses
Church & Dwight is the listed maker of Trojan condoms, sex toys, hair growth, and rectal creams. It also sells baking soda and products relating to laundry, cat litter, oral and personal care.

ESMA Hikes Frequency of Liquidity Stress Tests on European funds

September 3, 2019

European funds such as UCITs, AIFs, and ETFs must conduct quarterly liquidity stress tests, according to the European Securities and Markets Authority (ESMA)
The funds must implement these tests from September 2020.

Preqin Report: Five Straight Quarters of Hedge Fund Outflows

August 30, 2019

New report shows net outflows yet again in Q2 A Preqin report tracking hedge fund outflows showed more bad news for firms. For the fifth-straight quarter, net outflows hit managers. Preqin says that funds saw $25.3 billion exit hedge fund shops in Q2 2019. This is according to the Q2 2019 Hedge Fund Asset Flows factsheet….

Jana Partners

Jana Partners May Push for Bloomin’ Brands to Sell

August 30, 2019

Activist fund discloses new stake in Outback Steakhouse Owners Jana Partners disclosed a 9% stake in Bloomin Brands (NASDAQ: BLMN) on Friday. Barry Rosenstein’s shop is one of the most prominent activist hedge funds in the business. Don’t be surprised to see them push for new changes, including a sale of assets in the near…

Ray Dalio: An Economic Downturn Could Lead to Depression-Like Conditions

August 30, 2019

Ray Dalio, the founder of Bridgewater Associates, the largest hedge fund in the world, has painted a grim picture of current economic conditions
Writing on LinkedIn, Dalio said a trifecta of high global debt, weak central banks, and trade wars could result in a downturn that could hammer investors’ fortunes.

Hedge Fund Starboard Value Gets Papa John’s a New CEO

August 27, 2019

Rob Lynch, the Arby’s executive behind the “We have the meats” campaign is the new CEO of Papa John’s International. Hedge fund Starboard Value invested $250 million earlier this year into Papa John’s International. As the stock slumped thanks to weak same-store sales and PR damage from its founder, Starboard pressed a turnaround plan. Today,…

The short-seller behind Harry Markopolos: Still under wraps

August 24, 2019

Markopolos will get a share of the short-selling profits from GE’s decline. Question is: who’s punching the trades?
It’s been a week since fraud-hunter Harry Markopolos unveiled his research report on the alleged accounting shenanigans at General Electric Co. Markopolos made no bones about the fact that he was in league with a hedge fund shorting GE shares in anticipation of a decline in their price.
Wall Street is still puzzled about the identity of that hedge fund.

Hedge Fund Investors are Rushing for the Exits in 2019

August 22, 2019

Compared to 2018, investors have already pulled $ 20 billion more out of hedge funds in the first seven months of this year Hedge fund investors are walking away in droves. In all of 2018, investors had withdrawn $ 37.2 billion from hedge funds. However, in the current year investor outflows already aggregate $ 55.9…

GMO: EM Stocks Will Outperform US Equities Through 2026

August 22, 2019

Want to diversify out of ‘toppy’ US stocks into uncorrelated assets? EM stocks will clobber US equities, according to a top value investing manager
GMO, an investment manager specializing in long-term value investing, is predicting that US large-cap stocks will decline 3.7% annually over the next seven years while emerging market stocks will generate 5.2% annual return over the same period. Within emerging markets, value stocks could garner returns of as high as 9.8% annually.