Opalesque Exclusive: Hedge funds go long tech at Sohn... [more]Bailey McCann, Opalesque New York: Top tier hedge fund managers gathered in New York to give their best ideas at the Sohn Conference today. Overall managers seemed more confident about their picks than they have in previous years.
Tech dominates Sohn bets
Citing recent controversy,
Fintech startup uses blockchain to open up credit financing for small businesses... [more]Komfie Manalo, Opalesque Asia: A fintech startup is utilizing the powers of the blockchain to create new possibilities for small businesses.
Blockchain-based credit finance manager INVioU said that the platform's services are globally offered
Abu Dhabi's Mubadala buys stake in U.S.-based hedge fund Phoenician Capital... [more]From Forbesmiddleeast.com: Abu Dhabi's Mubadala Investment Company has acquired a minority stake in Phoenician Capital, a New York-based hedge fund. The investment was made for an undisclosed amount by Mubadala Capital, the financial investment arm of the state-run company. The deal includes an agr
Hedge fund's gutsy bet on Fed hikes pays off with 20% gain... [more]From Bloomberg.com: A gutsy bet on Federal Reserve rate hikes propelled Kyle Shin's hedge fund to a 20 percent first-quarter gain, backing up last year's market-beating performance. More than half the gain at Shin's $467 million KS Asia Absolute Return Fund came from swap trades that profit as inves
Comment - Putting the 'hedge' back in 'hedge fund'... [more]From Bloomberg.com: Everyone knows the old chestnut that hedge funds are "a compensation scheme masquerading as an asset class," but arguably that underestimates the power of compensation schemes to transform asset classes. For instance, imagine a compensation scheme in which:
You give me
Regulatory - Mifid II forces fund managers into sharp research cuts... [more]From FT.com: Asset managers have cut the number of investment banks and brokerages they use after a regulatory shake-up forced them to show how much they pay for research. Candriam, the €112bn European asset manager, has reduced the number of brokers it uses from 100 to 70 following the introdu
Europe - Some funds bet on quick rebound in Russia's sanctions-hit markets... [more]From Reuters.com: Less than two weeks after the latest round of U.S. sanctions plunged Russia's rouble to 16-month lows, some global funds have already stepped back in to buy rouble-denominated sovereign bonds and take advantage of the weaker currency.
Early this month, Washington imposed ne
Commodities - Hedge fund oil bulls on the rampage as bears vanish... [more]From Reuters/Nasdaq.com: Hedge fund managers have never seemed so convinced that oil prices are set to rise rather than fall in the near term, according to the latest positioning data published by regulators and exchanges. Fund managers remain super-bullish even though benchmark Brent prices have al
Assured Guaranty faces short-selling attack by hedge fund Greenlight Capital... [more]From Insuranceerm.com: Assured Guaranty, one of the few US municipal bond insurers to have survived the financial crisis, is being shorted by Greenlight Capital, the hedge fund managed by billionaire David Einhorn. In a presentation delivered on 23 April to the Sohn Investment Conference, Einhorn re
Activist Investors - Coffee, property and telcos: Elliott's European bets in focus... [more]From Bloomberg.com: It's going to be a busy week for billionaire Paul Singer's Elliott Management Corp. as the spotlight turns on three of the activist hedge fund's European investments. Hammerson Plc, in which Elliott disclosed a stake on Friday, holds its annual general meeting on Tuesday, as does
...And Finally - Must be a very strong wind... [more]From Newsoftheweird.com: Fort Pierce, Florida, police pulled over a car on March 21 after observing it swerving down the roadway. As they approached, they smelled marijuana, and during the ensuing search, passenger Kennecia Posey, 26, was shocked -- shocked! -- when police found two bags in her purs