Alternative Links: Rising Rates

The so-called “dot plot” released Wednesday showed eight Fed policy makers expected four or more quarter-point rate increases for the full year, compared with seven officials during the previous forecast round in March.

Fed Raises Rates; Officials Lift Outlook to Four 2018 Hikes – (Bloomberg)

 

So, while a classic trend follower may look at the chart below and see a good trade, sophisticated investors understand that there are actually TWO trades going on for managed futures in a rising interest rate environment.

The Silver Lining of Rising Interest Rates – (RCM’s Attain Alternatives Blog)

 

Hedge funds should be different from equities, and have historically delivered equity exposure — or “beta” — of just under 50 percent, according to his blog.

Cliff Asness: Hedge Funds Are ‘Petering Out’ – (Institutional Investor)

 

The Bank’s misconduct spans more than six years, from 2006 through mid-2012.

 CFTC orders Société Générale to pay $475M penalty for manipulation charges – (Futures Mag)

 

Fund managers overseeing more than USD500 million in assets underperformed their smaller peers, with the Eurekahedge Large Hedge Fund Index and the Eurekahedge Billion Dollar Hedge Fund Index down 0.41 per cent and 0.95 per cent respectively in May. On the other hand, small and medium hedge funds gained 0.38 per cent and 0.08 per cent respectively over the same period.

Hedge funds continue recovery despite losses for fixed income, macro and AI hedge fund strategies – (HedgeWeek)

 

In finance, as career level rises, female representation declines. Although 46 percent of financial services employees are women, at the executive level, it’s only 15 percent.

5 Things You Need To Know About Women In Finance – (Forbes)

 

Van Eck Associates Corp. and SolidX Partners Inc. filed a request to list a Bitcoin-linked ETP to the U.S. Securities and Exchange Commission on Wednesday. The fund will be physically-backed, which means it will hold actual Bitcoin, and will be insured against loss or theft of the cryptocurrency, according to the firms.

Bitcoin ETF Dreams Kept Alive With New SEC Filing – (Bloomberg)

 

Multi-trillion dollar asset manager Fidelity Investments is building a cryptocurrency exchange, internal job postings have revealed.

Fidelity is Quietly Building a Cryptocurrency Exchange: Report – (CCN)

 

Today’s definition of capitalism needs an overhaul because of income inequality, billionaire hedge fund manager Paul Tudor Jones tells CNBC.

‘Capitalism may need modernizing,’ says billionaire hedge fund manager Paul Tudor Jones – (CNBC)

 

Here’s what the Big Media universe currently looks like. We will update it periodically:

Here’s who owns everything in Big Media today – (ReCode)

 

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