U.S. hedge funds prepare for worst finish this year since 2008... [more]Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported
DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown... [more]Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure.
Gundlach said in an interview with
Hedge fund Litespeed raises stake in Bradken... [more]Komfie Manalo, Opalesque Asia: New York-based hedge fund Litespeed Management has again raised its stake in Bradken, the struggling mining services and heavy equipment manufacturer, from 10.82% to 11.91%, reported the
South Africa hedge fund managers beat benchmark equities index... [more]From Bloomberg.com: South Africa hedge fund managers betting on equities posted returns more than three times higher than the nation’s benchmark stock index in the year to the end of June, according to an annual survey by Novare Investments Pty Ltd.
The so-called long/short equity funds, which
A hedge fund strategy that seems to have fizzled... [more]From Gulfnews.com: The hedge fund strategy that has attracted the most money this year is on course to cause some of the biggest losses for investors, in the latest example of the dangers of going with the crowd. Institutions and individuals have piled an estimated $20 billion (Dh73 billion) into ma
…And Finally - Denver airport evacuated over bizarre wedding gift label... [more]From BizarreNews.com: The TSA said a 20-minute evacuation at a Denver airport was caused by wedding favors labeled "TNT" and designed to look like explosives. The Transportation Security Administration said in an Instagram post an agent monitoring the X-ray machines for checked
luggage at Denver I