Hedge funds

After an SEC lawsuit, Dan Kamensky now faces criminal charges including securities fraud, extortion and obstruction of justice.

Ray Dalio’s $138 billion asset manager has tweaked its version of the strategy as yields hit historic lows, a person familiar with the matter says.

The saga lays bare the rough-and-tumble ways of distressed investing, where investors look to pull every lever in their favor.

Market recovery has made the risk of missing out more pronounced this year, forcing many funds to position themselves towards historically bullish levels.

The seven-year-old firm revealed daily average revenue trades of 4.31 million for the month, greater than any of its publicly traded rivals.

It’s enough to frustrate star traders, leaving them vulnerable to poaching by hedge funds willing to pay more.

The firm has struggled to make money this year amid the market volatility sparked by the COVID-19 pandemic.

A significant push to use the precious metal as portfolio insurance may create a self-reinforcing spiral that upends its appeal as a hedge.

The change bars money managers from using some types of business entities to take advantage of an exemption to rules laid out in the 2017 tax law.

The asset manager has become one of the fastest-growing hedge funds at a time when many competitors are losing assets.

A severe recession could be enough to completely wipe out the capital and surplus of four insurance firms as well as hobble a handful of others, the NAIC finds.

“The primary drawback of fewer hedge fund filings is lack of clarity around crowding risk,” strategists from the firm write.

The fast money has more than three times the impact on equity valuations than long-term investors like pension funds, according to a recent paper.

Almost 90% of smaller fund managers would no longer have to report their investments and their firms would save $136 million a year, the agency estimates.

Funds that follow a similar approach lost 5.1% over the period, according to Hedge Fund Research.

Jacob Gottlieb, whose $8 billion fund shuttered amid an insider trading scandal two years ago, received a $150,000 to $350,000 loan for his new shop.

The manager is still recovering from losses that started in 2015, when his main fund fell 20%, and deepened with a record 34% decline three years later.

The industry outranked asset classes including private equity and venture capital, which have historically ranked higher in a Credit Suisse survey.

Speculative investors bought a net 206,227 S&P 500 E-mini contracts in the week to June 23, the most since 2007.

Almost all of the decline reflects performance-related losses rather than client withdrawals, according to a person familiar with the matter.