funds in the news
Ex-Goldman Sachs programer seeks to overturn code theft conviction
Former Goldman Sachs Group Inc programer Sergey Aleynikov on Monday filed a new challenge to his criminal conviction of stealing computer code from the investment bank when he left for another job.Aleynikov, whose case partly inspired Michael Lewis' bestselling book "Flash Boys" on high-frequency trading in the U.S. equity market, previously got his conviction overturned by the judge who oversaw his 2015 trial in Manhattan Supreme Court.
June 04, 2018
Hedge Funds Keep Cutting Bets on Oil Rally as Oil Keeps Rallying
Hedge funds cut their net-long positions -- the difference between bets on a price increase and wagers on a drop -- for a fifth consecutive week, the longest stretch of declines since November 2016. The reductions came just before Brent crude oil surged above $80 a barrel this week for the first time since 2014.
May 20, 2018
Hedge Fund Returns Rose in April for First Gain Since January
Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven tracked fund types as managers capitalized on plunging volatility and activist and special situation strategies.
May 17, 2018
Top Hedge Fund Managers Still Believe in Gold
Gold bugs rejoice — major hedge fund managers Ray Dalio and John Paulson are still rooting for the precious metal. The yellow metal moved ahead 1.7 percent in 2018’s first quarter, pushed forward by a steadily weakening US dollar, which helped it dodge repercussions from rising US borrowing costs.
May 15, 2018
Bridgewater Hedge Fund Beats Peers, Cuts Europe Shorts
The investment firm has gained about 4 percent in its Pure Alpha fund in the first four months of this year after a 1 percent loss last month, Hedge funds on average returned about 0.3 percent during the first four months of 2018. Separately, Bridgewater’s disclosed shorts against European stocks have now declined by 80 percent from February to just over $4 billion.
May 09, 2018
Hedge fund ChinaRock's venture capital push reaps 27 - fold gains
ChinaRock Capital Management has rewarded investors in its five-year-old venture capital fund with 27 times their initial outlays by scoring huge returns from financing start - ups involved in everything from artificial intelligence to ride sharing.
May 06, 2018
Hedge funds curb bets on oil rally just as price nears US$70 a barrel
MONEY managers curbed their enthusiasm for oil just before the US benchmark price surged to almost US$70 a barrel,Hedge funds could be proven right in the longer run, though, if tensions subside and the market's focus shifts back to abundant American supplies.
May 06, 2018
Hedge fund returns could be hit by new clearing regulations designed to promote financial stability
Regulations foisted on clearing houses such as Eurex, CME and Ice mean they must charge fund managers a “liquidity add-on” for large positions. This means that on top of the usual margin – or collateral – which the hedge fund must place with the clearing house in case it goes bust, many managers will have to pay up to an extra 70 per cent, according to analytics firm Opengamma.
May 01, 2018
WorldQuant to launch its first fund open to outside investors
The quantitative investment firm is in talks with investors and expects to raise more than $1bn over the next few months for a fund that will invest in global stock markets and aim to outperform its benchmark by 3 to 6 percentage points annually, according to people familar with the matter.
April 23, 2018
Hedge-Fund investors pour into oil as Firms Predict Surge to $80
Hedge funds investing in oil are luring capital at the fastest pace in more than a year. Firms such as Westbeck Capital Management and Commodity World Capital are investing in oil as they predict the oil prices soon exceeding $80 a barrel from about $68 currently. More hedge fund investors may jump in if the predicted prices are correct.
April 21, 2018
Renaissance Technologies Rebounds Across Hedge Funds in March
The $23 billion Renaissance Institutional Equities Fund rose about 2.6 percent in March after falling 3 percent in February, bring returns for the first quarter to 1.6 percent, according to investor documents seen by Bloomberg News. The RIEF Fund, trades only U.S – listed equities and is biased towards those that Renaissance’s models expect to rise. It’s designed to outperform the S&P 500 Index, which lost 0.8 percent last quarter including the dividends, by4 to 6 percentage points.
April 17, 2018
Hedge fund Foldger Hill to merge with Schonfeld
Foldger Hill Asset Management, a hedge fund run by former SAC Capital Advisor LP executive Sol Kumin, will merge with Schonfeld Strategic Advisors after a period of sluggish returns. Kumin’s decision to merge his fund into Schonfeld illustrates the pressure on managers as equity markets have boomed and investors’ patience with high costs and middling returns has worn thin.
April 10, 2018
Risk Parity Is the Weak Hand in Markets ‘Tethered’ to Volatility
Risk parity funds, a popular strategy that was battered during the volatility shock that rocked financial markets in February, are still the most vulnerable around, said Paul Britton, founder of Capstone Investment Advisors LLC.
March 15, 2018
The Algos at $52 Billion Two Sigma Are Struggling to Make Money
Two Sigma, the $52 billion quantitative firm, is struggling to make money this year in some of its biggest hedge funds. Its Compass fund, which trades futures across markets from commodities to currencies, dropped 5.7 percent in the first two months of this year, losing money in both January and February, according to investors. Its Absolute Return fund, which trades stocks, is up just 50 basis points in the same period, after losing 1.8 percent in February.
March 13, 2018
$112 Billion Asset Managers Don't Want Robot Money Managers
Ilmarinen and Varma of Finland, which oversee a combined 91.2 billion euros ($112 billion) in pension assets, say artificial intelligence just isn’t sophisticated enough to replicate the complex, forward-looking analysis that humans are capable of.
March 13, 2018
Quant firm Millburn soft-closes commodity program
Quant manager Millburn Ridgefield Corporation is soft-closing its Millburn Commodity Program (Milcom) at $260m, HFMWeek has learned. Greenwich, Connecticut-headquartered Millburn sent a letter to investors yesterday informing them the program would close to new allocations as of 1 March.
February 27, 2018
Global Sigma captures February's long-vol trade
Florida-based Global Sigma rode February's volatility to new highs. The firm's AGSF strategy is up +2.8 percent through February 16 and +4.2 percent YTD and its Vol/Arb program is up +14 percent through February 16 and 19.6 percent YTD.
February 19, 2018
Standout Risk-Parity Fund Faces Loss as Volatility Surges
Quantedge’s fund had risen 7% in January but is now ‘slightly negative’ for the year, says chief executive. One of Asia’s star hedge funds has fallen victim to the sharp rise in volatility that has swept through global markets in recent days. Singapore-based Quantedge Capital Pte. Ltd. said the turbulence had more than erased the 7% gain the fund had achieved in January.
February 07, 2018
Former JP Morgan pair’s Ensemble AI fund starts trading
Ensemble Capital, the Singapore-based asset manager founded by former JPMorgan Chase foreign-exchange option traders Atsuo Ogaki and Damien Loh, started trading this week using deep learning techniques to trade currency options.
February 01, 2018
Ex-SAC Staffer Preps Quant Fund
A quantitative-investment specialist who spent nearly 10 years at Steve Cohen’s hedge fund firm and family office is getting ready to launch his own fund. While details are sketchy, it appears Weld’s initial offering will be some sort of quantitative fund, with a launch expected around April. A fund-of-funds manager who specializes in quant funds said Zhang is on track to raise a substantial sum of day-one capital. Another source pegged the amount at $100 million.
January 09, 2018
Ex-Millennium traders set to launch quant fund
Kennie Atle Johansen together with former trading colleagues at American hedge fund billionaire Izzy Englander’s Millennium Management have established the Disciplina Asia Fund, a pan-Asia quant fund, and will start trading by the end of January. The strategy has already attracted at least $110m mostly in the form of seed money from a US-based investor
January 09, 2018
Blueshift Synergy Offshore Fund, Ltd raises $99.2M
Blueshift Synergy Offshore Fund, Ltd planned to raise an indefinite amount. So far, they have raised $99.21 M. The first sale took place on 08 January 2018. There was no minimum investment amount for this issue. 4 investors have participated in this issuance. The amount is being raised through the issue of Pooled Investment Fund Interests. Blueshift Synergy Offshore Fund, Ltd, a Other incorporated in CAYMAN ISLANDS, filed a new Form D on 10 January 2018 announcing this fund raise.
January 08, 2018
Blueshift Synergy Fund, LP raises $188.1M
Blueshift Synergy Fund, LP planned to raise an indefinite amount. So far, they have raised $188.09 M. The first sale took place on 08 January 2018. There was no minimum investment amount for this issue. 9 investors have participated in this issuance. The amount is being raised through the issue of Pooled Investment Fund Interests. Blueshift Synergy Fund, LP, a Limited Partnership incorporated in DELAWARE, filed a new Form D on 09 January 2018 announcing this fund raise.
January 08, 2018
Christian Vogel-Claussen Long United Internet: Sohn London Conference
At Alanda half of the investment team are traditional analysts and the other half are in-house programmers. The programmers write data scripts to track publicly available information on the companies. They scrape public data and measure performance indicators that companies do not report. Long: United Internet (ETR:UTDI) United Internet is a Mobile Virtual Network Operator; a broadband reseller for internet access; it is also involved in web hosting, selling webpages and web domains.
December 03, 2017
Schonfeld Hedge Fund Starts Taking More Cash
Schonfeld, Andrew Fishman and Ryan Tolkin agreed at the 2015 meeting to cede more control to regulators as a hedge fund so they could raise outside capital. Investors bought in. Schonfeld Strategic Advisors gathered about $1 billion in the first round starting last year on the back of market-beating returns and is opening its doors for a second time today for an additional $500 million.
October 31, 2017
Sentient Technologies Built an Autonomous Hedge Fund, Then Applied Its AI Platform to Marketing
Sentient Technologies is an AI company that got its start using artificial intelligence and machine learning to automatically manage a hedge fund’s market positions. Along the way, the company has raised more than $172 million to make the worlds of marketing, finance, and healthcare (among others) more artificially intelligent.
October 16, 2017
Ex-Hutchin Hill PMs launch Duality Group
Former Hutchin Hill portfolio managers Dario Villani and Kharen Musaelian are launching a new hedge fund called Duality Group. Villani is CEO of the New York-based firm while Musaelian is its president and CIO. The pair previously worked together as co-heads of global rates and macro at Hutchin Hill
September 26, 2017
London is welcoming two new hedge funds
Two ex-employees of Tudor Investment Corporation/Capital Europe, are starting their own funds based in London. Dirk Jeschke, a former portfolio manager at Tudor and PIMCO, is planning a macro fund that emphasises on medium to long-term systematic macro strategies. The launch will come in either the first or second quarter of 2018. Theodoros Tsagaris, who is a quant specialist with a PhD in Statistics & Machine Learning from Imperial College London, is preparing to launch his fund called Bayfores
September 20, 2017
Jasper Capital International joins Hedge Fund Standards Board
Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund industry.
August 14, 2017
Dr. Reinhold Gebert Joins Teza as COO and CRO
Teza Capital Management LLC announced that Dr. Reinhold Gebert, 51, has joined the firm as Chief Operating Officer and Chief Risk Officer. Gebert most recently held the same positions at Gresham Investment Management, where he created their dedicated risk management group, initiated their expansion into systematic trading strategies, and re-engineered their middle and back office.
August 01, 2017
Global Sigma emerges as fixed income player
Florida-based Global Sigma has been capitalizing on recent volatility in the options market with its BondVol strategy. The strategy is up just over 3 percent for the year through August 12th, at a time when many peer funds are having difficulty maintaining positive returns.
October 02, 2016