Monthly Archives: May 2018
D.C. Consultant Among Four Guilty in Political Intelligence Case
(Bloomberg) A jury’s verdict sent a warning to Washington’s political intelligence industry and funds that rely on it: Trading on government secrets is as risky as using insider corporate information. David Blaszczak, a Washington consultant who gave hedge funds advance […]
Judge Upholds Former Goldman Programmer’s Theft Conviction
(New York Post) It looks like dark times ahead for this “Flash Boy.” A New York state appeals judge upheld a conviction against former Goldman Sachs programmer Sergey Aleynikov on Thursday — likely ending a nine-year court saga over the […]
New Investor Protection Search Tool is Launched
(HedgeCo.Net) The Securities and Exchange Commission has announced the launch of an additional online search feature that enables investors to research whether the person trying to sell them investments has a judgment or order entered against them in an enforcement […]
Short-Sellers Call Out Charm Bracelet, Water Bottle Makers at Conference
(Reuters) Hedge fund managers looking to profit from falling share prices took center stage at a New York conference on Thursday, zeroing in on makers of water bottles, charm bracelets and other consumer companies. Years of strong equity gains have […]
Get Ready For A ‘Golden Age’ For Short-Sellers With Market Volatility, Corporate Fraud Exposed
(CNBC) Rising interest rates rise and volatility are carving out the perfect opportunity for short-sellers, according to Ben Axler, founder and managing partner at Spruce Point Capital Management. To read this article:
Meet The Hedge Fund Manager Who Became A Billionaire From Tech
(Forbes) With the Nasdaq more than doubling in five years, Philippe Laffont took the stage at the Forbes and Shook Research Top Advisors Summit in Las Vegas in February to talk about technology stocks. By concentrating on what has been […]
Hedge Fund Performance Positive But Weak For April – Most YTD Returns Underwater
(Harvest) Most hedge fund strategies were positive for April, but the average return was less than 50 bps. There were two negative outlier strategies with fundamental growth and merger arbitrage. Generally, the higher monthly volatility and dispersion created a mixed […]
SEC Launches Additional Investor Protection Search Tool
(HedgeCo.Net) The Securities and Exchange Commission has announced the launch of an additional online search feature that enables investors to research whether the person trying to sell them investments has a judgment or order entered against them in an enforcement […]
WorldQuant Hedge Fund Deploys Scientists for Cancer Research
(Bloomberg) Did you get your smartphone swabbed for germs at Milken? Some 1,000 conference attendees took part this week in this research project, led by Chris Mason, a metagenomicist at Weill Cornell Medicine. The microbial data gathered will help create […]
Neuberger Berman launches Specialty Finance Group
(Hedgeweek) Neuberger Berman has moved into the broader specialty finance industry with the formation of Neuberger Berman Specialty Finance group (NBSF). The firm manages USD299 billion in assets, of which USD60 billion is alternative investments for institutions and individuals. To […]
Alcentra holds final close of Clareant Structured Credit Opportunity Fund III
(Hedgeweek) Alcentra, the alternative fixed income specialist for BNY Mellon Investment Management (IM), has held the final close of Clareant Structured Credit Opportunities Fund III at USD513 million, surpassing its fundraising target of USD300 million. To read this article:
Anchorage Caught Short in Chatham’s McClatchy Trade
(Bloomberg) Anchorage Capital Group is among the firms caught on the opposite side of a credit-default swaps trade that has sparked the latest round of consternation in the CDS market. The $17 billion hedge fund had been betting against McClatchy […]
