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

Former Millennium Trader Dodson to Start New Oil Hedge Fund

Andrew Dodson, a former partner at Izzy Englander’s Millennium Management, has set up a new fund to trade oil, bucking the trend of closures among commodities hedge funds in recent years.

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

Oil Hedge Fund BBL Looks to Launch $1 Billion Macro Fund

BBL Commodities LP, one of the biggest energy focused hedge funds, is looking to raise $1 billion for a new fund that will wager on macroeconomic trends via bonds, stocks, currencies and commodities.

March 17, 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

$103 Billion Quant Firm Says China Stocks `Very Compelling'

The world’s No. 2 stock market is ripe for a quantitative style of investing, according to a $103 billion money manager that lists a cement maker, pharmaceutical brand and bank as its top picks in China.

March 12, 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

Cohen Leads Wave of Hedge Fund Startups After Year of Retreats

After a cohort of hedge fund veterans called it quits last year, a trio of established managers are prepping to fill their shoes in 2018 by starting firms with at least a billion dollars apiece.

January 30, 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

The Future Is Bumpy: High-Tech Hedge Fund Hits Limits of Robot Stock Picking

Voleon is among investors deploying machine learning, a technology in which computers develop trading strategies. It’s harder than it sounds.

December 10, 2017

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

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