JMC Capital Partners closes Fund II on $206M... [more]Bailey McCann, Opalesque New York: Boston-based JMC Capital Partners has closed its second fund on $206 million. The fund hit its hard cap and was over subscribed. Fund II is the successor to JMC Platform Fund I, raised in 2013, which had $125 million in capital commitments.
Some hedge funds strong start in 2017 nice contrast to 2016... [more]With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee
Expect hedge fund returns to be more Honda than Rolls Royce, Point72 says... [more]From Bloomberg.com: Hedge funds will have to adapt to a more challenging market as investors respond to disappointing returns by demanding their fees back or pulling out altogether, according to Matthew Granade, chief market intelligence officer of Point72 Asset Management.
No matter how you "
Institutions - MBTA retirement fund needs independent review, group says... [more]From Bostonglobe.com: The Pioneer Institute, a Boston think tank, is calling on the MBTA's fiscal control board to commission an independent audit of the $1.5 billion pension fund for transit workers. In a paper scheduled for release Tuesday, the right-leaning institute criticized the findings o
Manager Profile - Symons Capital Management on their new small-cap value fund... [more]From Valuewalk.com: This is part one of a multi-part interview with Michael Czajka Chief Executive Officer of Symons Capital Management. The interview is part of ValueWalk's Value Fund Interview Series. Throughout this series, we are publishing regular interviews value-oriented hedge funds, and asse
Comment - Hedge fund exec admits you shouldn't expect much from hedge funds... [more]From Vanityfair.com: Last week we learned that one of the world's most successful hedge fund managers, Steve Cohen, turned in his second-worst performance ever for 2016, which may or may not have had something to do with losing a couple former employees to a $1.8 billion settlement and guilty-of-sec
Asia - This hedge fund says China's next big short is stocks... [more]From Bloomberg.com: When Kevin Smith realized late last year that China was getting serious about defending its currency, his first move was to dial back bearish bets on the yuan. His second move: double down on wagers against Chinese stocks.
Smith, whose global macro hedge fund has returned abo
Commodities - Oil prices stall as hedge funds stop adding to longs... [more]From Reuters.com: Hedge fund bullishness towards the price of crude oil appears to have peaked for the time being, with fund managers booking some profits after the strong rally in the final seven weeks of 2016.
Few managers are willing to bet on a pull back in prices at the moment with the numb
News Briefs - Vulture funds closing in on hundreds of farms... [more]Hundreds of farms face repossession this year as so-called vulture funds swoop on indebted properties, agri-finance experts have warned. Industry sources say that as many as 200 farmers may be affected by the sale of a euro 2.5bn Ulster Bank loan portfolio to US vulture fund Cerberus last October. H
...And Finally - One Georgia bad man never thought that far ahead... [more]From BizarreNews.com: Of all the places to walk into while waving a firearm around, you'd think a gun store would be the worst. And you would be right. But one Georgia bad man never thought that far ahead.
The two armed robbers walked into the Dixie Gun and Pawn shop in Mableton, Georgia dres