By Justin Cooper, CEO of Capita Registrars There is only so long the IPO market can stay quiet. Private equity houses have a growing pipeline of investments they need to exit, so they can recycle their capital into new opportunities. The stock market has recovered, meaning that shareholders in private companies (particularly private equity backers […] Read more »
Promising Results from Automated FX Trading Strategy using Country Sentiment Factors
By Pavel Chigirev, Deltix Quantitative Research Team Introduction This paper describes an implementation of an automated quantitative FX trading strategy based on country sentiment factors, and the results from back-testing this strategy. The country sentiment factors and strategy description are provided by RavenPack. We implemented the strategy in the Deltix QuantOffice research platform, a purpose-built […] Read more »
Gold Equities Discount a Recovery In Yellow Metal Prices
By Angelos Damaskos, CEO of Sector Investment Managers and fund adviser to the Junior Gold Fund For 93 weeks to the end of June 2013, gold saw its longest and deepest downturn in the last twenty years, losing 37% of its value since reaching an all-time high of $1,927/oz in September 2011. This move was […] Read more »
Activist Hedge Funds – Book Extract
By Alex Gavrish, CEO of Etalon Investment Research and author of “Wall Street: Back To Basics” The following is a chapter from Alex Gavrish’s book “Wall Street: Back to Basics”*. Two of the three case studies in this chapter on Activist Investors have been included. Chapter 4: Activist Investors Activist shareholder activity has […] Read more »
KKR Looks to Grow Prisma As Its Consolidated Hedge Fund Platform
By Hedge Fund Insight Staff Quoted PE behemoth KKR & Co LP is looking to significantly expand its hedge fund related businesses. KKR started in hedge funds by bringing over the 8-man equity strategies team from Goldman Sachs Principal Strategies Americas in mid 2011. Then last year KKR bought $8bn fund of hedge funds firm […] Read more »
WTI and Brent Come Close Enough to Touch But May Not Stay That Way
by Sandy Fielden of RBN Energy LLC The Brent premium to WTI has traded as wide as $23/Bbl this year but was down to 2 cnts/Bbl on Friday July 19, 2013. At one point during trading nearby WTI prices rose above Brent – the first time that’s happened in three years. Yesterday (July 22, […] Read more »
Into the Mind of a Macro Manager – with Archbridge Capital
By Hakan Kocayusufpasaoglu, CIO of Archbridge Capital, with an introduction by Simon Kerr Introduction Some hedge fund strategies are more difficult to engage with than others. Most investors could understand what equity hedge funds do, but other strategies can be difficult (like volatility arbitrage) or just opaque (like most high end CTAs). Global macro […] Read more »
European Credit Commentary and Outlook from LNG Capital
By Louis Gargour, CIO of LNG Capital and Europa Credit Fund After the month of June markets have been significantly more constructive, key themes include a re-evaluation of credit, a decoupling of interest-rate risk from credit and equity risk, and a market which is more accepting of the Fed comments concerning the anticipated tapering of […] Read more »
Gold (or Silver) Over Fiat Currencies
By Karim Taleb, of Robust Methods LLC. With the gold bull experiencing a healthy correction, interested investors who missed the opportunity of getting in at a favorable price are currently considering doing so at these levels. An equal consideration is being given to the mining shares and which underwent a much deeper decline. The majority […] Read more »
Everything that Glitters…A Gold Bear Explains His Position
By Hakan Kocayusufpasaoglu, CIO Archbridge Capital AG QE reduction is the start of tighter monetary policy in the US. Though we expect this tightening to be slower than the Fed forecasts, we do believe that this is only the beginning. Gold reacts badly to higher real interest rates and rates will rise for a long […] Read more »