Funds

Energy hedge funds look to spreads, margins as long bets flail

Energy hedge funds look to spreads, margins as long bets flail

Published 14/08/2017

For the oil-trading community, the fall of hedge fund manager Andy Hall signaled a heavy blow, but while commodity funds continue to shutter their doors, some are finding other ways to make money, including trading refining margins and calendar spreads. [more…]

China July property investment, sales slow as curbs continue to bite

China July property investment, sales slow as curbs continue to bite

Published 14/08/2017

China's real estate investment growth slowed in July, as official curbs continued to cool an overheated property market, reinforcing expectations of further slowing in second-half 2017. [more…]

Exclusive: Saudi Arabia favours New York for Aramco listing despite risks – sources

Exclusive: Saudi Arabia favours New York for Aramco listing despite risks – sources

Published 12/08/2017

Saudi Arabia favours New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, people familiar with the matter told Reuters. [more…]

Bond investors give Tesla a $1.8 billion endorsement

Bond investors give Tesla a $1.8 billion endorsement

Published 12/08/2017

Bond investors on Friday gave a $1.8 billion boost to Tesla Inc's (TSLA.O) balance sheet by snapping up the electric car maker's first foray into the U.S. junk bond market, where yield-hungry investors have raced to lock in relatively higher returns. [more…]

Trian cuts Mondelez stake, ups GE holding: SEC filing

Trian cuts Mondelez stake, ups GE holding: SEC filing

Published 11/08/2017

Trian Partners cut its stake in snack maker Mondelez International Inc. during the last quarter, and boosted its shares in conglomerate General Electric, according to the activist fund's latest securities filing. [more…]

Third Point takes 1.6 million share stake in BlackRock, 4.5 million in Alibaba

Third Point takes 1.6 million share stake in BlackRock, 4.5 million in Alibaba

Published 11/08/2017

Dan Loeb's Third Point took a 1.6 million-share stake in BlackRock Inc (BLK.N) and reinitiated a stake in Alibaba Group Holding (BABA.N) of 4.5 million shares during the second quarter ended June 30, according to regulatory filings late on Friday. [more…]

Pimco`s Ivascyn says firm has built `above average` cash position

Pimco`s Ivascyn says firm has built `above average` cash position

Published 11/08/2017

Pacific Investment Management Co, which oversees more than $1.6 trillion of assets, has built up an above-average cash position firmwide and has held S&P put options as geopolitical and military risks mount, Dan Ivascyn, group chief investment officer at Pimco, said on Friday. [more…]

U.S. stock funds post largest withdrawals in five weeks: Lipper

U.S. stock funds post largest withdrawals in five weeks: Lipper

Published 10/08/2017

U.S. fund investors reduced their exposure to stocks and bought bonds during the latest week, Lipper data showed on Thursday, as saber-rattling between the United States and North Korea appeared to shake investor sentiment. [more…]

Gundlach`s Total Return Bond Fund posts ninth straight month of outflows

Gundlach`s Total Return Bond Fund posts ninth straight month of outflows

Published 10/08/2017

Investors pulled $200 million from Jeffrey Gundlach's DoubleLine Total Return Bond Fund in July, extending an outflow streak that began in November, according to Morningstar Inc data on Wednesday. [more…]

Institutions beat individuals on the active investment fool’s errand: James Saft

Institutions beat individuals on the active investment fool’s errand: James Saft

Published 09/08/2017

Institutions do better than individuals at active fund management, but given that both come out losers the underlying message is that picking stocks and bonds is a game neither group should play. [more…]