Thinning of hedge fund herd taking place... [more]From Valuewalk.com: While the average hedge fund returned 5.6% net in 2016 basis the HFRI Fund Weighted Composite Index, there were pockets of notable out performance. A March Eurekahedge report noted that one strategy group of US-based hedge funds delivered over-sized performance, but they didn't
Alternative endings seen for Sears and its hedge fund chief... [more]From NYTimes.com: The last chapter for Sears looks to be at hand. The troubled retailer warned that it could be headed for bankruptcy if it cannot reverse a brutal decline in annual sales and rising losses. The long quest by Edward S. Lampert, the chief executive, to turn Sears around seems destined
Comment - Should hedge funds be open to average investors?... [more]From CBSNews.com: Those who earn less than $200,000 a year -- that's most people -- face a barrier when it comes to the kinds of investments they can make. Acting Securities and Exchange Commission (SEC) Chair Michael Piwowar wants to tear it down. Piwowar is targeting the SEC's Regulation D, which
Asia - China bond investment accelerates and broadens... [more]From Asianinvestor.net: More and more institutions are entering the mainland debt market and a trading pattern is emerging, as the Bond Connect scheme and wider index inclusion loom closer... Full article (subscription required):
Commodities - ETF buyers pile into platinum as hedge funds bolt... [more]From FA-Mag.com: Exchange-traded fund investors are staying hot on platinum, even as money managers get cold feet on the metal. Holdings in platinum-backed ETFs posted a sixth straight weekly gain on Friday, the longest stretch since November. That came after U.S. money managers slashed their net-lo
News Briefs - Steve Cohen searches to replace humans... [more]Last year, Point72 recorded its second-worst year ever and Cohen is not happy. He is working on creating algorithms to trade stocks, just like his workers do currently, only for free and hopefully better. The machines would detect patterns and trade accordingly and outside data could be input to adj
...And Finally - Illinois state government in action... [more]From Newsoftheweird.com: Illinois has problems: a $130 billion unfunded pension crisis, 19 months without a budget, the lowest credit rating and highest property taxes in the country, and the murder rate in Chicago.
However, at least the state house of representatives is not standing by idly. I