Archive for August, 2015

The Hedge Fund Risk of Risk-On, Risk-Off

Symmetric News

The Dow opened down 1000 points on Monday. The S&P was down 5%. All this, on the heels of a one-week decline of the S&P500 of more than 5%. Risk assets seem to have lost their favor, and the risk-on,…

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Top 10 Funds at Risk of Being Squeezed in Market Turmoil

Symmetric News Team

An 8.5 percent drop in the Shanghai Composite index in Monday’s trading session spread to financial markets across the world. In the US, the S&P 500 was down 4.9% on Monday trading, after steeper declines in Asian and European stock…

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The Symmetric Top Twenty Quarterly Hedge Fund Rankings

Symmetric News

The Symmetric Top Twenty: here’s what the best of the best are doing in the market Symmetric.io surveys the hedge fund universe for a manager’s ability to deliver alpha through picking stocks – StockAlpha. The Third Quarter Hedge Fund Rankings…

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CYT helped drive Passport Capital in July. VIPS dragged

Symmetric News Team

Passport Capital returns an estimated 1.01% for July 2015 – the fully hedged version returns 0.35% John Burbank’s Passport Capital generated a 1.01% return on their publicly disclosed long portfolio for the month ending July 2015, outperforming the S&P500 by…

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Eric Mandelblatt’s Soroban Partners up on PCP

Symmetric News Team

Eric Mandelblatt’s Soroban benefits from Warren Buffet PCP acquisition Precision Castparts Corp. (PCP) returned 17.64% over the past 1 day on news that Warren Buffet’s Berkshire Hathaway had made a bid to acquire the company. It outperformed the market and…

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VRX drove Pershing Square Capital Management in July. PAH did not

Symmetric News Team

Pershing Square Capital Management returns an estimated 6.35% for July 2015 – the fully hedged version returns 6.06% Bill Ackman’s Pershing Square Capital Management generated a 6.35% return on their publicly disclosed long portfolio for the month ending July 2015,…

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SRS Investment Management surges on NFLX

Symmetric News Team

Karthik Sarma’s SRS Investment Management surges on NFLX Netflix Inc (NFLX) returned 27.94% over the past 5 days on strong earnings. It outperformed the market and its corresponding sector, Cons. Disc., which returned -0.35% over the same period. For those…

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Greenlight Capital returns -5.9% for July 2015, SUNE & CNX drag

Symmetric News Team

Greenlight Capital returns -5.9% for July 2015, SUNE & CNX drag David Einhorn’s Greenlight Capital generated a -5.9% return in June, according to Bloomberg. The reported return underperformed Greenlight’s publicly disclosed portfolio by 114 bps. Positive Contributors to Greenlight Capital’s Returns…

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Global Tactical Asset Allocation (GTAA) – A complement, not a substitute

Global Tactical Asset Allocation (GTAA) / Global Macro Strategies Are Not A Substitute For a Diversified Hedge Fund Program Let me be clear: I support thoughtfully implemented Global Tactical Asset Allocation (“GTAA”)/Global Macro strategies. But GTAA/Global Macro strategies aren’t a catch-all for building an…

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