Monthly Archives: December 2019

How Artificial Intelligence has Changed the Finance Industry.

Posted by & filed under Failing Managed Funds, Hedge Funds, Banks.

Advances in artificial intelligence continues to impact industries and work environments with the finance industry being no exception. The Task Force on Artificial Intelligence of the House Financial Services Committee held a hearing entitled, “Robots on Wall Street: The Impact of AI on Capital Markets and Jobs in the Financial Services Industry,” on December 6 […]

$150 Bio Daily Trading Volume With No Human Traders

Posted by & filed under Failing Managed Funds, Hedge Funds, Banks.

Alex Gerko (CEO and Founder of XTX) whose Kings Cross office includes a replica Apollo 11 landing capsule, arcade machines and a hallway with more than 30, 000 LEDs generating cell life cycle simulations, has amassed a net worth of $700 Mio according to the Bloomberg Billionaires Index. What may surprise you is that XTX […]

World Renowned Trader Louis Bacon Shuts down Hedge Fund

Posted by & filed under Failing Managed Funds, Hedge Funds, Banks.

Louis Bacon, viewed by many as the most successful trader of his generation has closed down his hedge fund, Moore Capital Management. It was not far into the past that Moore Capital was managing $14 Bio however towards the end of 2018, this was below $9 Bio. In a letter to his investors which was […]

Another Hedge Fund Struggles: Stone Milliner Confirms “Winding Down”

Posted by & filed under Failing Managed Funds, Hedge Funds, Banks.

Macro Hedge Fund, Stone Milliner has confirmed it will be returning capital amid poor performance and client withdrawals. Firm was founded with $800 Mio from Moore Capital fund which has been recently closed along with news that Louis Bacon would be quitting trading. The firm, founded by former Moore Capital traders Jens-Peter Stein, Kornelius Klobucar and […]

Morgan Stanley Removes Traders following Probe into Hidden Losses

Posted by & filed under Failing Managed Funds, Hedge Funds, Banks.

Morgan Stanley has fired or placed on leave multiple traders due to an allegation of mismarking securities. It is being reported that the traders concealed losses up to $140 Mio according to people with knowledge of the matter. The firm is investigating the suspected mismarking, which was linked to emerging-market currencies, said the people, who […]

PointState Capital Struggles for Second Year in a Row

Posted by & filed under Failing Managed Funds, Hedge Funds, Banks.

PointState Capital, founded by Zachary Schreiber and other alumni of billionaire investor Stanley Druckenmiller’s Duquesne Capital Management, has been hit with approximately $1 Bio in redemptions. The New York hedge fund is on the verge of a second losing year in a row. It lost 19% last year. PointState Capital had big investments on satellite […]

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