Macro hedge funds, ETFs to short euro after Greece’s referendum... [more]Komfie Manalo, Opalesque Asia: The European stock indexes are expected to drop significantly this week after the overwhelming "no" vote by Greece on its bailout referendum Sunday, that is seen by many as a prelude to the country’s exit (Grexit) from the eurozone.
But while the move could bite
Veteran hedge fund investor Robert Discolo joins Permal... [more]Benedicte Gravrand, Opalesque Geneva: After a break from fund management, Robert (Bob) Discolo joined the Permal Group as Executive Vice President, Investments, on 1st July.
Permal, a pioneer in multi-manager, multi-strategy investments, was
U.S. funds cut target cash allocation to lowest in over a year... [more]From Brecorder.com: US fund managers recommended cutting cash holdings to 13-month lows in their model global portfolio in June, a Reuters poll found, as they looked to take advantage of monetary stimulus by major central banks overseas. Recommended cash allocations were trimmed to 4.4 percent, the
Legal - Hedge fund worker jailed for copying code... [more]From FT.com: A London hedge fund analyst who admitted to accessing and copying “extremely valuable” computer code used in trading algorithms has been sentenced to four years in prison for fraud.
Ke Xu, a Chinese national, had been accused of accessing code that he was restricted from viewing,
Asia - Chinese hedge fund Shanghai Chaos closes out copper short... [more]From FT.com: A Chinese hedge fund that made a huge bet against copper has closed out its entire position in the metal, as the sell-off in the country’s stock market forces investors to pull money out of other markets.
A unit of Shanghai Chaos, a fund that held the biggest short position in Sha