LONDON/BOSTON Stock market optimism about U.S. President Donald Trump's economic agenda is overdone and political risk in Europe isn't priced in, according to some hedge funds who are betting that the rally in equities is coming to an end.
LONDON Rick Doucette, who spent 26 years at Weiss Multi-Strategy Advisers, and ex-UBS prime brokerage senior salesman Gerry Polizzi are planning a new multi-strategy hedge fund, they told Reuters.
NEW YORK/LONDON Goldman Sachs Investment Partners (GSIP), which opened in 2008 with one of the biggest launches in hedge fund history, is folding its London operations into the United States and shifting staff members to New York, four sources told Reuters.
LONDON Donald Trump's surprise U.S. presidential election victory sparked a frenzy of trading and hedging late last year that boosted top U.S. banks' revenue by 26 percent, according to Reuters calculations, and looks set to keep driving activity.
LONDON/NEW YORK For some equity funds and those betting on macroeconomic trends, which together make up a large chunk of the $3 trillion global hedge fund industry's assets, 2016 has been another year to forget.
LONDON Tucked into the attic of a Georgian building in London's West End, seven people run a $200 million hedge fund following artificial intelligence formulas. But the supercomputers that process their complex algorithms are nowhere to be seen.
NEW YORK U.S. stocks are poised to climb more in 2017 as the policies of Republican President-elect Donald Trump are likely to boost earnings, Steven Einhorn, vice chairman of Hedge fund Omega Advisors, said on Monday.
TEL AVIV/LONDON, LONDON Hedge funds should stop making excuses for poor performance, the chairman of Lansdowne Partners said on Wednesday against a backdrop of weak average returns that have prompted some to pull their money out.
LONDON/NEW YORK Two leading hedge funds which made big bets on Deutsche Bank shares falling are now reducing their "short" positions, in a sign of confidence in the stability of the lender.
LONDON Hedge fund firm Brevan Howard, one of Europe's largest, will cut its main Master fund and its Multi-Strategy fund's management fees to zero for some current investors, a source close to the matter told Reuters.
WASHINGTON U.S. President Donald Trump on Friday attacked the Federal Bureau of Investigation, saying the agency has been unable to stop people from giving national security information to the media and calling for such leakers to be found "now."