…greater quantitative easing – have powered some of the biggest returns in years for hedge funds. The Nikkei 225 has rallied 32 per cent so far this year, while the yen has fallen 11.4 per cent against the dollar.
Lake Hill Launches Commodities Strategy (FINalternatives)
New York-based investment firm Lake Hill Capital Management has opened its Lake Hill All-Alpha commodities strategy to qualified investors. The commodity program, which Lake Hill currently runs for several institutional and high-net-worth clients, is based on the Lake Hill Index Strategy, which trades S&P 500 and Russell 2000 products (including futures options and related securities) exclusively. The All-Alpha Strategy invests in a diverse book of exchange-traded commodity futures and options on metals, energy, agriculture, and equity indices.
Einhorn is gored by gold (New York Post)
Secrets of Investing Like a Hedge-Fund Manager (Yahoo! Finance)
If you want to invest like a hedge fund manager, now’s the time to put your money in transportation, computer technology and housing stocks. Hedge funds are usually off-limits to the average Joe due to excessive fees. But AlphaClone’s ETF ALFA attempts to replicate successful fund strategies. And the method is completely automated. In a proprietary analysis, ALFA tracks more than 300 hedge funds by examining their mandatory 13 F-HR quarterly disclosures. The fund managers are given “clone” scores. ALFA mimics the funds of managers with the highest score. As of now, Maz Jadallah, founder and chief executive of AlphaClone, said fund managers like the computer technology sector. In fact, Apple Inc. (NASDAQ:AAPL) was the most popular hedge-fund holding for a while, until it fell out of grace as the stock tumbled.
Exclusive: China investment guru Fang targets comeback with $2 billion Hopu II fund (Reuters)
Fang Fenglei, a former Goldman Sachs banker and co-founder of Hopu Investment Management, is raising up to $2 billion in a new fund, people familiar with the matter said, as one of China’s best known bankers seeks to add to his riches. The launch of another Hopu fund removes the mystery surrounding the next move of a politically connected and closely watched China financier who stepped out of the limelight three years ago. The new fund also revives a potential conflict, as Fang’s dual role as a non-executive chairman of Goldman Sachs Gao Hua Securities, a unit of Goldman Sachs’ China investment bank, and also as co-founder of Hopu, could put the rainmaker in the awkward position of competing with Goldman for deals.
MGM Resorts International (MGM): Icahn Up To Something…Bigger Than Herbalife? (Insider Monkey)
Carl Icahn is back to his old ways. After returning the money of outside investors, Icahn has been on a tear, taking part in activism at Dell, launching a powerful short squeeze against Bill Ackman, and participating in more deals now than in any period in recent memory. Icahn isn’t afraid of the limelight. He’s been the loudest when it comes to Herbalife Ltd. (NYSE:HLF). But what he’s doing quietly is much more interesting. Behind the scenes, Icahn is…
