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’Those commodities positions… revealed
The mystery seems to have been solved, for now.
The Scooby Doo of the day is Vermont Senator Bernie Sanders, who posted two “confidential” CFTC documents on his website on Friday.
First, a pdf version of a CFTC spreadsheet earlier posted by Reuters showing the total long and short positions taken on WTI crude oil,
The biggest hedge funds in the US…
Out from AR magazine just moments ago is their annual ranking of the biggest hedge fund managers in the US. Unsurprisingly, Bridgewater is still number one. Surprisingly, it has increased its lead by a significant margin.
DE Shaw and other hedgies look to Asia
While hedge funds have been virtually stampeding out of Japan for the last few years, DE Shaw, the $24bn hedge fund founded by computer scientist David Shaw, is set to open offices in Tokyo as well as Shanghai,
CME abandons plan to trade OTC derivatives
In a not entirely unexpected move, CME – the world’s biggest futures exchange by volume – and Citadel abandoned their joint effort to set up a trading platform for credit derivatives.
Still, and optimistically, CME said it would continue to push its CDS clearing effort,
Redemption central: The Tokyo Hedge-Fund Club parties on….
The casualties are mounting in the hedge fund industry where, with liquidations and redemption suspensions becoming the norm, an increasing number of investors feel they’re being slow-roasted on a financial spit fire.
Fortress, DE Shaw, Farallon suspend redemptions
Fortress Investment Group, the listed private equity and hedge fund group, has suspended redemptions at its flagship Drawbridge Global Macro Fund after investors sought to withdraw more than $3.5bn in funds,
DE Shaw hires ex-Lehman executive
DE Shaw, the US hedge fund, has hired the former head of the ailing securitised products business at Lehman Brothers to lead a new asset-backed securities unit. Richard McKinney joins the New York-based hedge fund as a managing director.
Northern Rock slides as Artemis declares stake
Northern Rock shares reached an all-time low of 132.1p on Monday, falling 47.1p amid speculation that the most likely option for the troubled UK lender was a break-up or bid by private equity houses JC Flowers and Cerberus.
‘Quant’ funds shrug off concerns
Renaissance Technologies and DE Shaw, two of the biggest quantitative hedge fund managers, are raising money as they shrug off concerns over the poor performance of many computer-driven funds last month.
Southern Water for sale at £4bn
In a move that could restart a battle for British water companies, Southern Water, the UK utility supplier, has been put up for sale at £4bn. Royal Bank of Scotland’s private equity arm, which bought Southern four years ago,
When is a hedge fund not a hedge fund?
If you’re having trouble telling the difference between hedge funds and investment banks these days, the latest ranking from Alpha magazine probably won’t help, says DealBook. In a further sign of how deeply Wall Street firms are getting into the hedge-fund business,
DE Shaw mulls new private equity fund
DE Shaw, the $29bn US hedge fund, is considering launching a private equity fund into which it could inject some of its existing holdings, potentially including New York’s biggest toy shop, said investors consulted on the idea.
Lehman takes slice of hedge fund DE Shaw
Lehman Brothers bought a 20 per cent stake in US-based hedge fund D.E. Shaw on Tuesday, reports Reuters. The report noted the recent trend among bulge-bracket banks of beefing up their hedge fund and private equity presence.Tuesday’s deal follows hot on the heals of Lehman’s purchase of 20 per cent in fund manager UK-based Spinnaker Capital in January.
JPMorgan takes lead in hedge funds
JPMorgan has unseated Goldman Sachs as the world’s largest manager of hedge fund assets, with $34bn under management, according to a new survey. The poll conducted by Absolute Return magazine said JPMorgan’s hedge fund assets grew almost 75 per cent to hit $34bn last year,