Silver as an investment

Category Archives: hedge fund

Why The Relationship Between OPEC And Hedge Funds Is On The Verge Of Falling Apart

Following years of acrimony between OPEC and the hedge fund community, which the cartel dismissed simply as “speculators”, things suddenly changed in 2016 when the two groups got so close, there were outright reports of collusion between the two on various occasions. We documented this last month in “Why OPEC Is Colluding With Hedge Funds.” […]

John Burbank Shuts Down His Long-Short Hedge Fund / by Tyler Durden / Apr 19, 2017 We almost made it a full month without a prominent hedge fund shuttering – an eternity in an age when ETFs and passive vehicles soak up several billion in capital each day at the expense of “active” managers – and then Bloomberg spoiled the streak when moments ago […]

Euro Banks Still Can’t Value Their Own Equity Research; Subscriptions Range From $50k – $600k A Year

Literally no one knows the true ‘value’ of research, not even the investment banks that are selling it.  Up until now, equity research has been treated as a ‘freebie’ given away to institutional clients in return for trading commissions but that is all about to change thanks to the European Union’s MiFID II regulations, which […]

Dear Hedge Funds: This Is Who Is Responsible For Your Deplorable Returns

Over the past several years we have repeatedly stated that despite protests to the contrary, the single biggest factor explaining the underperformance of the active community in general, and hedge funds in particular, has been the ubiquitous influence of the Fed and other central banks over the capital markets.  Specifically, back in October 2015, we […]

Which Hedge Funds Are The Biggest Holders Of ETFs

The relentless growth of passive investing in general, and ETFs in particular, has been extensively discussed on the pages over the past few years, most recently overnight when we presented a note from Convergex which laid out some ideas how investors can profit from the unstoppable – for now – shift from active, and expensive, […]

Jeff Ubben Is Returning $1.25 Billion To Investors Because The Market Is Overvalued

Two months ago we reported ValueAct’s Jeffrey Ubben, one of the most-respected activist hedge fund managers, had been taking money out of the capital markets as valuations have become overextended, leaving it with $3 billion in cash. As justification, Ubben said that “I really feel that the large-cap activist plays are very treacherous with high […]

Sheelah Kolhatkar: Hedge Funds Are The Robber Barons Of Our Time

Authored by Adam Taggart via, Sheelah Kolhatkar, former hedge fund analyst and staff writer at the New Yorker, thinks hedge funds have enjoyed enormous unfair advantages for far too long. In her recent book Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street, she […]

Hedge Fund CIO: “What If The ‘Trump Earnings Surge’ Was Just An Illusion?” / by Tyler Durden / Apr 2, 2017 6:19 PM We bring readers this follow-up note to our earlier quote from the latest Weekend Notes by Eric Peters, CIO of One River Asset Management, as it provides a glimpse into the process of cognitive disappointment many other market participants may soon encounter, once the following key question […]

Bond Bears Battered As March Saw Biggest Short-Covering In 10Y Futures History

Bond bears covered over 340,000 10Y futures contracts in March – more than $34 billion notional Treasuries – making it the biggest short-squeeze in Treasury Futures history.   In fact, shorts covered across the entire yield curve complex… except for the every short-end… Net Treasury futures shorts are now back to the lowest levels since […]

In Ominous Sign For Banks, Equity Trading Revenues Continue To Drop

It’s not just the HFT industry that has cannibalized itself so much, while spooking regular traders out of the markets, there is hardly any revenue growth left (as the WSJ showed last week). After suffering a substantial drop in bank equity trading revenues over the past several years, there was hope that finally this key […]