The Securities and Exchange Commission has slapped a crypto asset hedge fund and an 'ICO Superstore' with penalties. This marks the SEC's first-ever enforcement action finding an investment company registration violation by a hedge fund manager based on its investments in digital assets.
Ray Dalio, the billionaire founder of the world's biggest hedge fund, predicts that the current economic cycle has about 2 years left to run. To help keep the economy and stocks moving forward, the Federal Reserve should not increase interest rates faster than the market expects, said Dalio.
Goldman Sachs Group Inc. is shutting two hedge funds run by senior executives based in Asia. The funds, which together manage about $1.4 billion in assets, were run by these Goldman Sachs partners.
Technology is becoming an important factor when hedge fund managers present their investment strategy to prospective investors. The more agile and sophisticated the technology infrastructure, the more appealing the manager will likely appear.
For all the bullish commentary around oil prices, hedge fund managers have made minor changes to their overall position in petroleum futures and options in the last few weeks. To the extent they have made any changes at all, fund managers have been reducing rather than adding to bullish positions.
An Unconstrained Investment Process Allows 'Opportunity For Higher Alpha' | CIO Clark Cheng, Merrimac Corp. | Exclusive Q&A
Clark Cheng is the chief investment officer at Merrimac Corp., a private investment firm based in Stamford, Connecticut primarily investing in hedge funds. In this interview, he talks about how family offices can be efficient and dynamic compared to other large institutions; his approach for evaluating and selecting great managers; and how an unconstrained investment process gives family offices the opportunity to generate higher alpha.
The hedge fund industry, the richest corner of Wall Street, has generally been unable to keep up with the surging bull market that has lifted stocks around the world in recent years. The highest-earning hedge fund managers and traders made a combined $16.8 billion in 2017, making it the best year for hedge fund managers since 2013.
Recent unstable market conditions have proved supportive for hedge funds, in relative terms, with liquid hedge fund benchmarks were down 1 percent in March, and distressed and special situations strategies underperforming.
Hedge funds focused on Chinese stocks were big winners in 2017, returning 35 percent according to data from eVestment, a data provider owned by Nasdaq. Returns were substantially higher than the global hedge fund average of 9 percent and easily outpaced a 19 percent upswing in the S&P 500 benchmark index in the U.S.