LMR Partners co-founder Manuel said to plan own macro hedge fund... [more]From Bloomberg.com: Andrew Manuel, a co-founder of the $2.5 billion hedge-fund firm LMR Partners LLP, is preparing to start his own global macro hedge fund with two partners later this year, according to two people with knowledge of the matter.
Manuel left LMR in 2015 and is setting up Ixworth
JPMorgan: Sector rotation could hurt some hedge funds even more... [more]From Valuewalk.com: It has been mostly a difficult year for active fund managers, a JPMorgan equity strategy report notes, as even quantitative funds in the equity space are finding challenging market environments. Underneath the market structure is a stock sector rotation cycle in flux, moving from
Another nail in the 2-and-20 coffin... [more]From Bloomberg.com: Hey, look, another hedge fund is throwing a sale! Och-Ziff Capital Management Group is trimming the management fees on some of its main funds -- which range from 1.5 percent to 2.5 percent of assets annually -- by 25 basis points, as Sabrina Willmer and Saijel Kishan reported thi
Manager Profile - Steve Eisman is leading a hedge fund revolution... [more]From Valuewalk.com: Steve Eisman is somewhat of a celebrity in the hedge fund world. And after the release of the film adaptation of Michael Lewis’s The Big Short, Eisman has also become a star outside of the financial community as well.
Eisman, who is played by Steve Carell in The Big Short,
Law of averages: Star funds rarely outperform for long... [more]From Economist.com: When Citadel, a Chicago-based hedge fund, was bleeding money during the global financial crisis, its boss, Ken Griffin, says CNBC, a broadcaster, parked a van outside its doors to chronicle its demise. Last year CNBC crowned Mr Griffin “King Ken”; in recent years he has done spec
Regulatory - Deutsche Bank and hedge funds panic over negative interest rates... [more]From Larouchepac.com: The policies of the European Central Bank have wrecked havoc on the entire European financial system, to the point that “the dead bank walking” Deutsche Bank and major European hedge funds are screaming for a change—before they crash and burn altogether. The Global Edition of H
…And Finally - Redneck chronicles... [more]From Newsoftheweird.com: Knoxville, Tennessee, firefighters were called to a home in July when a woman tried to barbecue brisket in her bathroom -- and, in addition to losing control of the flame, melted her fiberglass bathtub. Firefighters limited the damage -- by turning on the shower.