CBOE Futures Exchange managing director Jim Lubin to depart

Mar 24 3:45pm HFM Week
Lubin to open New York based advisory firm...
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A 22-Year-Old College Student In India Figured Out How To Make Quantitative Investing Models By Googling It

Mar 24 2:10pm Hedge Funds
Hedge funds are looking for talent in places the finance world hasn’t previously considered. As quantitative investing becomes more prominent in the hedge fund space, funds are aggressively pursuing computer scientist talent in hopes that a star programmer can build an alpha-finding algorithm. That’s why Ayush Gangwar, a 22-year-old student at the Indian Institute of Technology, spends his nights working on quantitative models with hedge fund managers at WorldQuant LLC in Greenwich, Connecticut, according to an ...Full story available on Benzinga.com...
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$7.9B In Hedge Fund Industry Inflows In February

Mar 24 9:55am Hedge Fund News From HedgeCo.Net
(FINalternatives) After a long string of redemptions and monthly outflows, hedge funds netted an estimated $7.9 billion in inflows in February and are now positive year-to date in 2017, according to new data from eVestment. To read this article:...
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SEC Approves Rules to Ease Investor Access to Exhibits in Company Filings

Mar 24 9:52am Hedge Fund News From HedgeCo.Net
(HedgeCo.Net) The Securities and Exchange Commission has voted to adopt rule and form amendments to make it easier for investors and other market participants to find and access exhibits in registration statements and periodic reports that were originally provided in […]...
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Hedge Fund Eton Park Is Shutting Down After a Decade

Mar 24 9:48am Hedge Fund News From HedgeCo.Net
(Bloomberg) Eric Mindich, a one-time Goldman Sachs star trader who jumped into the hedge fund industry during its heyday, is throwing in the towel on his $7 billion firm.Mindich — whose Eton Park Capital Management was among the biggest fund […]...
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Two-and-20 Cedes Way to No Fees Upfront as Hedge Funds Adapt

Mar 24 9:45am Hedge Fund News From HedgeCo.Net
(Bloomberg) Three Asian hedge fund startups are eschewing the industry’s traditional fee model, as they vie for capital from investors that have gotten increasingly reluctant to put money with unproven managers.Kit Trading Fund, Noviscient and Gordian Capital Singapore Pte, all […]...
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Ex-Harvard Endowment Bond Manager Marco Barrozo Opens Hedge Fund

Mar 24 9:43am Hedge Fund News From HedgeCo.Net
(Bloomberg) Former Harvard University bond manager Marco Barrozo has launched a hedge fund as the industry comes off its worst year since the financial crisis. Barrozo raised more than $125 million for Cambridge Square Capital, according to filings this month […]...
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Feds Try For Toss of Hedge Fund Founders Misconduct Case at 2nd Circuit

Mar 24 9:41am Hedge Fund News From HedgeCo.Net
(Reuters) On Friday morning, the Justice Department will appear before Judges Reena Raggi, Denny Chin and Susan Carney of the 2nd U.S. Circuit Court of Appeals to argue that even if an FBI agent misrepresented government evidence to obtain a […]...
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Hedge Fund Run by Former Big Wolf Trader Delivers 46% Return

Mar 24 9:39am Hedge Fund News From HedgeCo.Net
(Bloomberg) Two former associates of billionaire shipping and rig tycoon John Fredriksen are delivering out-sized returns by snapping up distressed and shunned oil-related assets. And they say it’s a bet that has plenty of room to run. Titan Opportunities Fund, […]...
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Should Hedge Funds Be Open to Average Investors?

Mar 24 9:37am Hedge Fund News From HedgeCo.Net
(CBS News) Those who earn less than $200,000 a year — that’s most people — face a barrier when it comes to the kinds of investments they can make. Acting Securities and Exchange Commission (SEC) Chair Michael Piwowar wants to […]...
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Hedge Funds Win-or-Die Bet

Mar 24 9:34am Hedge Fund News From HedgeCo.Net
(Bloomberg) It had already become one and 20. Now, you can invest in some Asian hedge funds for zero fees upfront and they’ll cover any initial losses. The institutional asset management industry saw net outflows of $167.1 billion in the […]...
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New Hedge Fund Delivering Out-Sized Returns

Mar 24 9:29am Hedge Fund News From HedgeCo.Net
HITC Business Two former associates of billionaire shipping and rig tycoon John Fredriksen are delivering out-sized returns by snapping up distressed and shunned oil-related assets. And they say it’s a bet that has plenty of room to run. Bloomberg News […]...
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The Customer Is Always Right: This ETF Is Tailored To Customer Satisfaction

Mar 24 8:44am Hedge Funds
The difference between a customer and a consumer could seem arbitrary on the surface. But to Phil Bak, the CEO of America Customer Sentiment (ACSI) Funds, the distinction is vital. "A consumer can have an opinion, but a customer is actually spending their dollars," Bak said. Bak was a guest on Benzinga's PreMarket Prep morning show, where he discussed how tracking customer satisfaction plays a key role in anticipating the positive performance of bullish retail stocks — and how the American Customer Satisfaction Core Alpha ETF (BATS: ACSI) is able to capitalize on that data for companies like Costco Wholesale Corporation (NASDAQ: COST), Dollar Tree, Inc. (NASDAQ: DLTR) and, of course, Amazon.com, Inc. (NASDAQ: AMZN). Amazon Is A Beast Any discussion of retail success is bound to include Amazon. Bak recognized this; his ACSI Fund is overweight on the company. He said there's a strong correlation between Amazon's success and the way customers feel about the online retailer, which could be a fundamental driver behind the stock's continued upside. "Amazon is a beast. Amazon is the No. 1 customer satisfaction company and everyone knows,” Bak explained. “You’re not making some big, huge leap to say you’re bullish on Amazon. But right now, Amazon did — I believe — 31 percent of the entire online retail market in the holiday season, and it’s just grown." While Amazon's dominance is no shocker, Bak suggested the experience of shopping online with Amazon is, for better and worse, fundamentally different than the customer experience with other retailers or service sectors. Bak explained how stocks surveyed by ACSI Fund are ...Full story available on Benzinga.com...
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Schroders launches alternative rates fund

Mar 24 8:34am HFM Week
New portfolio to be managed by senior PM David Gottlieb...
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News round-up: Samsung shuns Elliott restructuring demands

Mar 24 7:02am HFM Week
Muddy Waters' short shares nosedive; Tiger and Carlyle in $100m Delhivery investment; and more...
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Investing in Renewable Energys Infrastructure

Mar 23 8:00pm AllAboutAlpha: Hedge Fund Trends & Alternative Investment Analysis
As AllAboutAlpha’s readers likely know, in December 2015, in Paris, representatives of 195 countries adopted a framework for the mitigation of the effects of the emissions of greenhouse gases. The framework (known simply as the Paris Agreement) aims to confine the increase in global average temperature to just 2? CRead More...
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Eric Mindichs Eton Park to close after 13 years

Mar 23 7:01pm HFM Week
Disappointing performance and industry headwinds blamed for closure...
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L/s equity funds fuel $7.9bn Feb hedge fund flows

Mar 23 1:32pm HFM Week
Managed futures and macro also post positive numbers as overall AuM hits $3.1trn - eVestment...
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Aon Hewitt revamps MAP to focus on emerging managers

Mar 23 1:00pm HFM Week
50-strong HF offering to cater to mid-size pensions and family office investors...
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What Happens To A Stock When An Activist Liquidates A Position?

Mar 23 12:07pm Hedge Funds
Valeant Pharmaceuticals Intl Inc (NYSE: VRX) investors were disappointed to see that popular vocal activist investor Bill Ackman finally abandoned his stake in Valeant for what was likely nearly a $4 billion loss on the trade. On the surface, a heavily-invested activist finally throwing in the towel may seem like really bad news for a stock. However, history shows that the departure of an activist investor can actually be good news for certain stocks. Departure Not A Definitive Positive Or Negative Ackman bailed on J C Penney Company Inc (NYSE:...
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Angelo, Gordon lending firm hires capital markets head

Mar 23 9:32am HFM Week
Garrett Ryan joins Twin Brook Capital Partners from regional bank...
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Dead in the water?

Mar 23 9:24am HFM Week
HFMWeek asks what’s next for the SEC’s crackdown on the use of derivatives in mutual funds...
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Amber Capital hires GSAM exec as GC and CCO

Mar 23 9:18am HFM Week
Rena Morjaria departs Goldman after more than six years...
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SEC Adopts T+2 Settlement Cycle for Securities Transactions

Mar 23 9:08am Hedge Fund News From HedgeCo.Net
(HedgeCo.Net) The Securities and Exchange Commission today adopted an amendment to shorten by one business day the standard settlement cycle for most broker-dealer securities transactions. Currently, the standard settlement cycle for these transactions is three business days, known as T+3. […]...
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Online poll: Hedge funds backClayton to chair SEC

Mar 23 9:01am HFM Week
Nearly two-thirds of managers see his previous industry experience as a positive for the role...
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Marlin Equity Partners Raises $3.25B For Two New Funds

Mar 23 8:59am Hedge Fund News From HedgeCo.Net
(FINalternatives) Global investment firm Marlin Equity Partners has raised a total of $3.25 billion in capital commitments for two new fund vehicles, closing both at their hard caps and well above their respective targets. To read this article:...
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Biogen Wins Ruling in Tecfidera IP Case; Shares Rise

Mar 23 8:56am Hedge Fund News From HedgeCo.Net
(Reuters) Biogen Inc on Tuesday won an intellectual property rights ruling against hedge fund manager Kyle Bass over its top multiple sclerosis pill, Tecfidera, pushing shares up more than 1 percent on a day when most U.S. stocks were down. […]...
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Englander Said to Leave Citigroup to Join Hedge Fund Firm Rafiki

Mar 23 8:54am Hedge Fund News From HedgeCo.Net
(Bloomberg) Steven Englander resigned as global head of Group-of-10 currency strategy at Citigroup Inc. to join Hong Kong-based hedge fund Rafiki Capital Management, according to people familiar with the matter. Englander will join Rafiki Capital as head of research and […]...
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Hedge Fund Managers Could Save Billions From Border-Adjustment Tax

Mar 23 8:50am Hedge Fund News From HedgeCo.Net
(HITC Business) Hedge fund fees, which were previously taxed as income at rates as high as 45 percent, could be completely exempt from taxation. A hidden beneficiary from the border-adjustment tax could be hedge fund managers, who might see a […]...
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The worlds largest hedge fund just published a 61-page paper on populism

Mar 23 8:48am Hedge Fund News From HedgeCo.Net
(Business Insider) Bridgewater Associates, the world’s largest hedge fund, on Wednesday published a 61-page research paper on populism, which it considers the most important issue in the world today.”Populism has surged in recent years and is currently at its highest […]...
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NY Hedge Fund Manager Makes Peace With Canada

Mar 23 8:47am Hedge Fund News From HedgeCo.Net
(Dealbreaker) A year and a half ago, the Mounties launched a legal raid on Saba Capital, the New York hedge fund run by former Deutsche Bank wunderkind (it’s true; they used to have those, and even they lost the bank […]...
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UN PRI to launch first hedge fund ESG DDQ

Mar 23 8:45am HFM Week
Talks in place for HF ‘Green Index’...
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News round-up: Hedge funds could win from Trumps border tax

Mar 23 7:42am HFM Week
Citi currency head to join hedge fund; Ray Dalio on populism; and more…...
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Ex-Credit Suisse global research head and AB PM launch EM fund

Mar 23 5:29am HFM Week
Stefano Natella and Tassos Stassopoulos are set to debut London-based 4 Growth Capital...
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Foundation CIOs and the American Dream: A Conversation With Carnegies Kim Lew

Mar 22 8:00pm AllAboutAlpha: Hedge Fund Trends & Alternative Investment Analysis
By Charles Skorina This month we focus on the venerable foundations of New York City and one of their most accomplished investment pros: Kim Y. Lew, chief investment officer of the Carnegie Corporation. We have an in-depth conversation with Ms. Lew on her career in foundation investing and the future of womenRead More...
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Stocks Expensive, But Higher Bond Yields Needed To Trigger Bear Market

Mar 22 10:27am Hedge Fund News From HedgeCo.Net
(FINalternatives) World stocks are their most expensive in 17 years an equity bear market won’t be triggered until bond yields rise to much higher levels, according to a Reuters survey of global fund managers released on Tuesday. To read this […]...
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Vrde Partners Raises $1.74bn for Twelfth Fund

Mar 22 10:22am Hedge Fund News From HedgeCo.Net
(FINalternatives) Global alternative investment manager Värde Partners has raised $1.74 billion in committed capital for its twelfth buyout fund. The new fund, named Värde Fund XII closed with $1.74 billion of committed capital, the company said in a statement. As […]...
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May River Capital Closes Oversubscribed Debut Fund At $165M

Mar 22 10:15am Hedge Fund News From HedgeCo.Net
(FINalternatives)Private equity company May River Capital has raised $165 million in capital commitments for its inaugural buyout fund. To read this article:...
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Rumors That Hedge Fund Elliott Has Bought Hyundai Motor Stake Not True

Mar 22 10:10am Hedge Fund News From HedgeCo.Net
(Reuters) Market rumours that U.S. activist hedge fund Elliott Management Corp has acquired a stake in South Korea’s Hyundai Motor Co are not true, a person familiar with the matter told Reuters on Tuesday. Hyundai shares rose 8.6 percent on […]...
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Three Quarters of Hedge Fund Managers are Ready to Reduce Fees

Mar 22 10:08am Hedge Fund News From HedgeCo.Net
(Valuewalk)As hedge fund managers seek to rebuild investor confidence in the wake of a challenging 2016, they have pinpointed performance and fees as the key areas that will influence the industry in the year ahead…. To read this article...
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The Crash Protection Index is Sending a Warning Flare for the Market or Not

Mar 22 10:05am Hedge Fund News From HedgeCo.Net
(CNBC) The chart of an obscure index is making its way around Wall Street. And some say that its recent surge suggests that traders are now more interested in protecting their portfolios from serious downside…. To read this article:...
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Forward Redemption Indicator Books Lowest March Reading Since 2012

Mar 22 10:03am Hedge Fund News From HedgeCo.Net
(FINalternatives) Redemption pressures have eased for hedge funds on a year-over-year basis, according to new data from SS&C GlobeOp.The company’s widely followed SS&C GlobeOp Forward Redemption Indicator, a metric used to gauge investor withdrawals from hedge funds, measured 3.48\% for […]...
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Eurekahedge Fund Index up 0.97% in February (+1.87% YTD)

Mar 22 10:01am Hedge Fund News From HedgeCo.Net
(Opalesque) Opalesque Industry Update – Key highlights for February 2017: Hedge funds were up 0.97\% in February with year-to-date gains coming in at 1.87\%. Investor subscriptions have picked up pace since the start of 2017, with net inflows coming in […]...
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Its Time to Sell Banks, Says Hedge-Fund Manager Doug Kass

Mar 22 9:57am Hedge Fund News From HedgeCo.Net
(Marketwatch) Sell financial stocks. That is the advice laid out by Seabreeze Partners Management’s Doug Kass, in a blog Tuesday for Real Clear Markets. As for what’s bothering Kass, he’s got a fairly long list. To read this article:...
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The Fed Follows Through

Mar 22 9:52am Hedge Fund News From HedgeCo.Net
(Harvest) The Federal Reserve (Fed) followed through on its recently hawkish tone Wednesday and increased the federal funds target rate by 25 basis points. This was the second such tightening in three months, but only the third since 2008. Markets, […]...
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How l/s equity managers can catch the investor eye

Mar 22 7:46am HFM Week
Large allocators have recently set out what they look for in equity hedge managers...
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L/s equity, screensavers and kitchen snacks all on the allocator agenda

Mar 22 7:27am HFM Week
Investors are becoming increasingly bullish on sector specific equity strategies...
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Atticus veteran Bremner closes hedge fund firm

Mar 22 6:41am HFM Week
Bremner Capital was launched in 2013 as a long/short equity manager...
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Chenavari targets $700m raise for private debt fund

Mar 22 6:39am HFM Week
First close expected in April with around $200m lined up...
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Standing out from the crowd: The quest for long/short equity funds to prove their worth

Mar 22 6:27am HFM Week
Specialist equity managers are back on the radar, but how do funds in the sector catch the eye of allocators?...
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Europe to remain Chenavaris specialty

Mar 22 6:23am HFM Week
Loïc Fery, CEO & co-CIO of the $5.5bn manager, sets out where he is spotting growth opportunities across the continent...
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News round-up: Saba Capital settles pricing dispute with Canadian pension

Mar 22 6:15am HFM Week
Kyle Bass loses patent ruling against Biotech firm; Millennium poaches Point72 PM; and more…...
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Focus on your cellphone screen savers and kitchen snacks

Mar 22 6:07am HFM Week
Allocators reveal some of the stranger questions they ask during interviews...
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Australias KIS thrives on keep it simple investing approach

Mar 22 5:15am HFI Profiles
KIS Capital’s Asia ex-Japan equity long/short strategy has delivered consistently positive performance since its launch in 2009, avoiding large drawdowns in the most challenging times of market turbulence due to its focus on good stock-picks and tight risk management...
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Asia-Pacific assets hit new record highs despite slower growth

Mar 22 5:00am HFI Industry Analysis
Assets under management in the Asia-Pacific hedge fund industry continued to reach new record highs in 2016, although the growth rate was much slower than in previous years as a result of lacklustre performance and a cautious attitude from allocators...
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Coalition PB rankings: JPM beats Goldman to second spot while MS still leads

Mar 22 3:00am HFM Week
JP Morgan kept the top spot for overall investment banking, while Citi moved up to tie for second with Goldman Sachs...
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Nation-States and Block-Chains: Vying for the Cutting Edge

Mar 21 8:00pm AllAboutAlpha: Hedge Fund Trends & Alternative Investment Analysis
Deloitte proposes that the Swiss Confederation has a key role to play in the continued development of blockchain. In a new whitepaper, Deloitte makes this case based on Switzerland’s “special position as a global innovation centre.” There are six sides to Switzerland’s position: its FinTech infrastructure; its start-up attractiveness; itsRead More...
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The compliance lessons from the demise of SAC Capital

Mar 21 3:20pm HFM Week
New Yorker writer and author explains the culture changes to learn from Steve Cohen...
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Ex-Apex Fund Services CEO Bill Salus joins PE admin board

Mar 21 3:17pm HFM Week
Salus is currently running Paddock Consultancy...
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