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Category Archives: Syndicated

Gotham Hedge Fund Explores Shifting Fees to Tie Pay to Returns

(Bloomberg) Gotham Asset Management, the $6 billion money manager run by Joel Greenblatt and Robert Goldstein, is exploring a new fee structure that ties more of the fund’s pay to performance. The firm is in talks with some investors for […]

Hedge Funds Diverge on Gold, Silver Price

(Mining) Gold was drifting lower on Tuesday in brisk post-holiday trading in the US as the metal seeks direction after hitting three-month highs earlier this month. Gold for delivery in April, the most active contract on the Comex market in […]

Hedge Fund Veterans Team Up to Launch $300m Multi-strategy Manager

(Reuters) Rick Doucette, who spent 26 years at Weiss Multi-Strategy Advisers, and ex-UBS prime brokerage senior salesman Gerry Polizzi are planning a new multi-strategy hedge fund, they told Reuters.Doucette and Polizzi plan to launch Antecapio Investment Partners with $300 million […]

Icahn Buys Bristol-Myers Shares, Adding to Activist Pressure

(Reuters) Billionaire investor Carl Icahn has taken a stake in Bristol-Myers Squibb Co and sees the drugmaker as a possible takeover target, according to a report published on Tuesday that sent the company’s shares from a loss to more than […]

Wall Street Challenges US Regulator Over Proposed Commodities Rule

(Reuters) Wall Street is pushing back against a proposed rule to force U.S. banks like Goldman Sachs Group Inc to hold more capital against investments in commodities, placing what some see as an overly restrictive limit on banks’ ties to […]

Hedge Funds Can’t Sue Over Investments in Fannie and Freddie

(Bloomberg) Hedge funds largely failed in their legal challenge to the U.S. government’s capture of billions of dollars in profits generated by Fannie Mae and Freddie Mac after their bailout, sending shares of the mortgage guarantors plunging. Perry Capital LLC, […]

What ‘Billions’ Gets Right About Insider Trading

(Bloomberg) From the start, “Billions” has been a guilty pleasure…The central plotline revolves around an epic struggle between a U.S. attorney named Chuck Rhoades (played by Paul Giamatti) and the fictional hedge fund titan Bobby “Axe” Axelrod (played by Damian […]

Albourne Partners Takes Apart Texas “1-or-30” Hedge Fund Fee Structure

(Valuewalk) The alternative investment industry is chock full of alternative thought. Take Albourne Partners, the London-based hedge fund advisor who is often at odds with the hedge funds they recommend to clients. In a December report to investors reviewed by […]

Financials and Energy: Have Value Investors Missed the Boat?

(Harvest) Being a deep value investor can be a lonely endeavor. We crunch the numbers to find unloved companies that we believe have bright futures ahead — years ahead, in many cases. But if you wait long enough, market sentiment […]

Endowments Turn to Tech for a Portfolio Boost

(Equities) In 2016, US colleges raised a record $41 billion, with Harvard University leading the pack with $1.2 billion from donations and Stanford coming in a close second at $951 million. While these statistics reflect well on the generosity of […]

Tiffany to add directors in deal with activist hedge fund Jana

Reuters) – Luxury jewelry retailer Tiffany & Co said it would appoint three independent directors to its board in a deal with activist investor Jana Partners LLC. The company said it would add Roger Farah, a former co-chief executive of […]

CME Group sees Chinese hedge funds, state-owned firms driving Asia growth

(Reuters) – China’s 2015 market crash sparked a surge in Asian trading for futures exchange giant CME Group as Chinese funds hedged their risk offshore and growth prospects remain strong, the bourse’s head of Asia said on Tuesday. Christopher Fix, […]

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