Monthly Archives: September 2019
Herbalife Settles With S.E.C., but Too Late for Hedge Fund Investor
(New York Times) Herbalife, a nutritional supplement company that was once the focus of attacks by a well-known hedge fund manager, reached a settlement on Friday with securities regulators over allegations it misled investors about its business practices in China. […]
Hedge Funds Struggle to Replicate Warren Buffett’s Reinsurance Success
(Bloomberg) Berkshire Hathaway Inc.’s Warren Buffett issued a warning about eight years ago: Reinsurance isn’t easy. Still, hedge fund managers—including David Einhorn of Greenlight Capital and Daniel Loeb of Third Point—have borrowed a bit from Buffett’s playbook and gone into […]
Two BMO Advisory Firms Pay Over $37 Million to Harmed Clients for Failing to Disclose Conflicts of Interest
(HedgeCo.Net) The Securities and Exchange Commission today announced that two BMO advisers have agreed to pay over $37 million to settle charges regarding their failure to tell clients about certain aspects of how the advisers selected investments in their retail […]
SS&C to acquire Algorithmics assets from IBM
(Hedgeweek) SS&C Technologies Holdings, is to acquire certain Algorithmics and related assets from IBM. Algorithmics provides leading risk analytic products and services for the financial services industry worldwide. To read this article:
LoCorr Funds acquires Steben & Company
(Hedgeweek) LoCorr Funds is to acquire Steben & Company, an alternative asset manager that specialises in multi-manager alternative investment products. LoCorr has also made a number of additions to its distribution team. To read this article:
New hedge fund launches on the rise for second consecutive quarter
(Opalesque) – New hedge fund launches increased for the second consecutive quarter, with launches through mid-year 2019 on a pace that could see the industry top launches from calendar year 2018. To read this article:
Venture capital AUM in South Asia steadily grown to $15bn over the past 10 years
(Opalesque) Venture capital AUM in South Asia has steadily grown over the past 10 years, reaching $15bn as of December 2018. Fundraising in the region peaked in 2015 when 23 funds secured a combined $3.5bn. Aggregate capital raised declined sharply […]
Canada’s Northleaf Capital raises $1bn from institutional investors
(Opalesque) Canadian private markets investor Northleaf Capital Partners has raised an additional US$1 billion in capital from Canadian, U.S., European and Asian investors across its global private markets program. It plans to use the capital infusion for investments across the […]
Hedge fund D.E. Shaw to push for break-up of Emerson
(Reuters) – Hedge fund D.E. Shaw & Co is building a stake in Emerson Electric Co (EMR.N) and is planning to push for changes, including a potential split-up of the U.S. industrial conglomerate, people familiar with the matter said on […]
Gold prices dip as fears of widening trade war ease
(Reuters) – Gold prices inched down in early trade on Monday as concerns over an escalation in the U.S.-China trade war eased, boosting the dollar. To read this article:
Platinum Partners founder gets new trial, former executive acquitted
(Reuters) Mark Nordlicht, the founder of defunct hedge fund firm Platinum Partners who was convicted of fraud, was granted a new trial by a New York federal judge on Friday, and David Levy, a former executive of Platinum, was acquitted. […]
Hedge Fund’s Red Hot Vaping Bet Runs Into Trump’s Surprise Ban
(Bloomberg) Jason Mudrick has been enjoying a run this year that most other hedge fund managers only dream of. His flagship fund at Mudrick Capital Management is up 32% on soaring valuations for one of the largest players in the […]
