Hedge-Fund Manager Mariner Looks to Green Bonds (WSJ)
Hedge-fund manager Mariner Investment Group is joining the growing ranks of ‘green bond’ investors, announcing on Tuesday that it is incorporating environmentally and socially responsible research into its investment decisions. The announcement by Mariner comes after some other milestones recently in the green-bond investing world, which caters to buyers who want to own bonds from companies and governments seen to be environmentally and socially responsible. In the past, this type of investing has been more prevalent for equity investors.
Greenback rallies in Asia on hedge fund buys (ChinaPost)
The dollar staged an afternoon rally in Asian trading on Tuesday as hedge fund purchases helped push up the unit. The dollar fetched 99.96 yen from 99.69 yen in New York on Monday, while the euro was at US$1.3251 from US$1.3254. The European single currency strengthened to 132.48 yen from 132.10 yen in U.S. trading. “There have been large buying orders of the euro/yen pair by hedge funds,” said a senior dealer at a major bank in Japan. “That’s helping push up the dollar/yen” rate.
Orical LLP adds James Leahy as a Partner (PRNewsWire)
James Leahy, a former naval officer and honors graduate of Boston College Law School and Dartmouth College, has joined founding partners Gregory Florio and Michael Scally of Orical LLP, a law firm dedicated to serving the hedge fund, broker dealer and financial services industries. Jim left Marathon Asset Management at the end of May of this year where he had served as Chief Financial Officer since 2008. Prior to joining Marathon, Jim helped found a Hedge Fund Operations Quality business at Moody’s Corporation (NYSE:MCO) Investors Service where he was also a member of the CDO team.
Two Of The Most Notorious Folks On Financial Twitter Got Into A Huge Fight Last Night (BusinessInsider)
Two of Twitter’s most notorious characters, Keith McCullough, the CEO of Hedgeye, and anonymous financial blogger ZeroHedge got in an epic spat on Twitter last night and it’s still continuing this morning. ZeroHedge is famous for his relentless gloom and mockery of the financial and political system. McCullough is known for trumpeting his endless #timestamps, and for attacking the traditional Wall street system. ZeroHedge started the fight when he called out McCullough on his 26-year-old energy analyst Kevin Kaiser’s bearish call last week on Kinder Morgan Inc (NYSE:KMI). A lot of people on Wall Street have been criticizing that call that knocked $4 billion off the company’s market cap.
DoubleLine’s Gundlach calls Indian stock market ‘scary’ (Reuters)
Jeffrey Gundlach, chief executive of DoubleLine Capital LP, on Tuesday gave a strongly negative outlook for the Indian stock market, saying it could be hit especially hard by outflows of funds from emerging markets on expected changes in monetary policy by major central banks. Gundlach, head of the roughly $37 billion DoubleLine Total Return Bond Fund (DBLTX.O), said in an investor webcast that the Indian stock market looks “very scary.” Gundlach later told Reuters that was his intermediate-term outlook. Gundlach said in the webcast that he is not negative on all emerging markets and recommended Chinese and Russian stocks.
