About Us  |   Contact Us  |   Register  | Login  |   

Follow HedgeWorld on Twitter HedgeWorld on LinkedIn






HEDGEWORLD NEWS
Search the News
News Archive
HedgeWorld News by Region
United States / Americas
Europe
Asia / Australia
International
HedgeWorld News Sections
Managed Futures & Derivatives
Daily News
Regulatory/Legal
Strategies/Analysis
Technology
Opinion
People
Indexes
Other News Features
Most Popular
Reuters Headlines
Alternative Advantage Daily Newsletter
RSS Service
Sign Up For Email News Alerts
Reprints

Europe


STRATEGY/ANALYSIS

Ex-Citi FX trading head Prasad readies macro hedge fund
By Reuters
07/28/2014 4:40:45 PM ET

LONDON (Reuters)—Former global head of foreign exchange at Citigroup, Anil Prasad, is preparing to launch his own hedge fund in the first quarter of 2015, three sources familiar with the matter said. The launch comes as global regulatory changes restrict banks from trading with their own money, prompting so-called proprietary desk traders to strike out on their own.
Argentina and holdouts play chicken
By Reuters
07/25/2014 1:25:47 PM ET

NEW YORK (IFR/Reuters)—The prospect of a technical default by Argentina is looming as the government and holdout investors stare each other down in a very public battle of nerves ahead of the expiration of a grace period for debt payments on July 30. Efforts this week by U.
In the big bank asset sell-off, clarity is key: UBS chief
By Reuters
07/24/2014 2:11:15 PM ET

LONDON (Reuters)—When Sam Molinaro took on the job of shifting unwanted assets for UBS – all 430 billion Swiss francs ($480 billion) worth of them – his phone began to ring ceaselessly and his meetings diary filled up fast with potential buyers. Unfortunately, many of those chasing him left disappointed.
Investors swap grains for metals as flows trickle to commodities
By Reuters
07/22/2014 12:59:42 PM ET

LONDON (Reuters)—Investors are slowly being drawn back into commodities, attracted by stronger global economic growth and more volatility within sub-sectors, typified by current investment flows out of grains into industrial metals. The sector has been shunned in recent years, knocked by poor returns during the financial crisis which saw commodities move in step with other assets.
Foreign hedge funds could lose as Europe tightens rules
By Reuters
07/22/2014 11:35:18 AM ET

LONDON (Reuters)—Europe's move to tighten regulation of the hedge fund industry could give home-grown funds an edge over foreign rivals, many of which are still trying to absorb the new rules on attracting investor cash. The rules, known as the Alternative Investment Fund Managers Directive (AiFMD), were launched a year ago to create a single market for hedge funds and help protect investors by requiring funds to be more transparent and improve their risk management.
Hedge funds slash higher Brent oil bets 25 percent in price rout: ICE
By Reuters
07/21/2014 3:49:47 PM ET

LONDON (Reuters)—Hedge funds and other large speculators slashed their bets on higher Brent crude oil prices by almost 25 percent in the week to July 15, ICE said on Monday [July 21], as prices collapsed to their lowest in three months. The IntercontinentalExchange Inc.
Old-school traders of physical oil teach hedge funds a lesson
By Reuters
07/18/2014 5:21:05 PM ET

LONDON (Reuters)—A near 10 percent drop in international oil prices since last month has taught a painful lesson to many hedge funds and other speculators in energy futures: you can ignore physical markets for only so long. Hedge funds piled into what seemed a one-way bet in early June, grabbing up oil contracts as the rapid advance of Islamist insurgents in northern Iraq threatened supplies from OPEC's second-largest producer at the same time that peak summer demand was approaching.
Morgan Stanley rebuilds in commodities trading
By Reuters
07/18/2014 4:28:32 PM ET

NEW YORK (Reuters)—After more than a year of scaling back in commodities, Morgan Stanley is ready to expand. The Wall Street bank plans to hire about a dozen traders, sales staff and other professionals in the United States.
European bank stocks diverge from credit
By Reuters
07/17/2014 5:53:25 PM ET

LONDON (IFR)—The divergence between European equity and bank debt is expected to broaden further in the coming months as fundamental changes in banking regulations continue to impact the industry, giving credit investors a lucrative relative value play. The iTraxx Senior Financials index – the credit default swap benchmark for senior European bank debt – is currently outperforming the equivalent basket of underlying equities by a "significant" 42bp, credit strategists at Barclays said in a recent report.
Overlooked Nordic stocks attract euro-weary investors
By Reuters
07/15/2014 2:24:42 PM ET

LONDON (Reuters)—Overlooked stocks in the Nordic region are attracting increased attention from investors seeking to escape the stretched valuations and uneven growth of the eurozone. While investors are faced with market peaks in the currency bloc, though economic performance remains muted and patchy, Nordic markets are still trading below historical premiums despite solid public finances and a robust showing by companies – including strong monthly sales on Tuesday [July 15] from Swedish fashion firm Hennes & Mauritz.
Fee pressure eases on European hedge funds as demand surges
By Reuters
07/14/2014 3:52:03 PM ET

LONDON (Reuters)—Pressure on European hedge funds to cut fees is easing for the first time in three years, giving a fillip to managers as they grapple with mounting regulatory and compliance costs. After hedge fund fees dropped in 2013 to their lowest level since at least 2005, a strong investment performance last year – giving a 9 percent return on average – coupled with increased demand have given those behind new launches the confidence to demand more from investors.
Dark pool probe builds pressure on Barclays boss
By Reuters
07/14/2014 1:04:59 PM ET

LONDON (Reuters)—Barclays boss Antony Jenkins faces one of the biggest tests of his leadership this month when he decides whether the bank, Britain's third largest, should fight accusations it deceived and defrauded customers in the United States. If Jenkins accepts the allegations, made in a lawsuit> filed by New York's Attorney General, he will face a dilemma arising from his pledge to jettison any business that does not fit into the bank's new, squeaky-clean image.
Rallies in energy, metals boost commodity funds in Q2: Lipper
By Reuters
07/10/2014 11:27:59 AM ET

LONDON (Reuters)—Commodity funds delivered robust returns in the second quarter, consolidating their recovery since the start of the year, with rallies in energy and metals boosting the top performers in the Lipper Global Commodity group. Leading commodity fund managers say base metals should continue to perform well in the second half of 2014, with investor sentiment towards China improving, but the upside for oil is seen as more limited.
Some prominent hedge funds hurt by tech are back with gains
By Reuters
07/07/2014 1:02:58 PM ET

BOSTON (Reuters)—For some hedge funds hurt by tumbling technology stocks earlier this year, tenacity has been a virtue. Andor Capital and Tiger Global Management, two of the industry's most closely watched investment firms, delivered good news to clients as they finalized first-half returns.
Who's hunting yield in bond market's risky regions?
By Reuters
07/03/2014 4:50:30 PM ET

LONDON (Reuters)—The hunt for yield in an era of diminishing interest rates has lured investors into ever riskier regions of the bond market, prompting some to ask: who is buying this stuff and are they suffering short-term memory loss? In June, euro zone member Cyprus returned to the market just a year after international lenders bailed it out and the government forced bank depositors to forfeit uninsured savings. Ecuador, which defaulted in 2008 and in 2000, raised $2 billion with a bond, and Kenya, troubled by attacks by Somalia-linked Islamist militants, had investors offer it more than four times the $2 billion it borrowed via a debut Eurobond.
Blackstone's new hedge fund involves independent companies: report
By Reuters
06/30/2014 12:37:38 PM ET

NEW YORK (Reuters)—A direct investing initiative that Blackstone Group LP is working on in its hedge funds group involves independent management companies, The Wall Street Journal reported on its website on Sunday [June 29], citing people familiar with the plans. Blackstone, best known for its private equity and real estate deals, already manages $58.
Commodity hedge funds out of favor, launches head for 8-year low
By Reuters
06/24/2014 1:54:34 PM ET

NEW YORK (Reuters) - Commodity fund launches have slowed dramatically, heading for an eight-year low, data from industry tracker Preqin showed, after years of weak returns and some high-profile fund failures in the commodities sector. In the year through May, some 34 commodity funds were launched, the fewest since the first half of 2006.
Stock investors seek new hedges in unnatural market calm
By Reuters
06/20/2014 12:46:35 PM ET

LONDON (Reuters)—Investors are seeking new defenses against possible falls in European stocks as indexes plateau near multi-year highs and traditional hedges prove ineffective in a market anaesthetized by near-zero interest rates. These alternative tools range from option strategies aimed at minimizing the cost of holding a hedge to investing in funds which aim to generate some returns irrespective of the stock market's direction, such as arbitrage hedge funds.
With markets at crossroads, investors eye 'special situation' funds
By Reuters
06/20/2014 12:35:52 PM ET

MONACO (Reuters)—Hedge fund managers who seek out quick returns from company turnarounds and short-term bets on specific assets are in fashion as investors ponder their next move after long rallies in stocks and bonds. Diverging central bank monetary policy, a rise in corporate deal-making and the potential for more market volatility have increased the appeal of nimble funds that can still make money in choppier, falling markets, said delegates at a hedge fund industry gathering this week.
Short sellers enjoy revival as European stocks lose steam
By Reuters
06/16/2014 3:25:55 PM ET

LONDON/PARIS (Reuters)—Hedge fund bets against selected European stocks are making a comeback, as investors pick apart a multi-year stock rally and question the market's scope to gain from the ECB's campaign to prevent deflation. Short sellers – who borrow a security and sell it, betting they will be able to buy it back at a lower price before returning it to the lender – have in recent years burned their fingers on the upward trajectory of European markets, helped by the ECB's pledge to keep the euro zone together.






Lipper    Privacy   User Policy  Legal Disclosure Copyright/DMCA  Site Map    FAQ    Glossary  Thomson Reuters for Hedge Funds
All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of HedgeWorld content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. HedgeWorld is a registered trademark of Thomson Reuters.