Hedge Fund News From HedgeCo.Net

Category Archives: Syndicated

Pershing Square and Valeant Agree to Split Legal Costs

(New York Post) Bill Ackman’s Pershing Square and Valeant Pharmaceuticals have reached an agreement to evenly split legal costs in their nearly two-year long battle against Allergan shareholders…..Under the agreement, filed with the Securities and Exchange Commission on Monday, Valeant […]

Activist Hedge Fund Marcato Exited BNY Mellon Position in Fourth Quarter

(Reuters) Activist hedge fund Marcato Capital Management, which has called for cost cuts at Bank of New York Mellon for years, exited its position in the fourth quarter, according to a regulatory filing made on Tuesday. The San Francisco-based hedge […]

A Big Massachusetts Pension has Yanked its Money from one of the Hedge Fund Industry’s Struggling Titans

(The Business Insider) The Massachusetts state pension fund, which invests roughly $5 billion in hedge funds, has pulled money out of Brevan Howard, one of the industry’s most prominent firms, a spokesman for the pension fund confirmed on Tuesday…. To […]

Ex-Hedge Fund Boss on Suing the Government: ‘I Don’t Think They Want the Truth to Come Out’

(CNBC) David Ganek’s lawsuit against federal authorities alleging improper conduct that led to the shuttering of his $4 billion New York hedge fund is inching closer to a long-sought conclusion…. To read this article:

Dollar Regains Reflation Mojo as Hedge Fund Bets Get Flushed Out

(Bloomberg) This time, it seems, hedge fund managers have done the wider market a favor. Disheartened by the dollar’s five-week selloff to start the year, hedge funds pared back one of their favorite trades — leveraged bets on the greenback’s […]

Dodd-Frank Advocate Tarullo Resigns From Fed Board As Deregulation Effort Looms

(FINalternatives) Daniel Tarullo, a voting member of the Federal Reserve Board of Governors and a strict advocate of post-crisis financial and banking industry regulations, resigned on Friday, giving President Donald Trump further ability to shape the composition of the board […]

Ex-Brevan Howard PM Melkman Backed By Steven Cohen in New Macro Fund Launch

(FINalternatives) Former Brevan Howard partner Ben Melkman is reportedly launching his new hedge fund next month with backing from billionaire investor Steven Cohen. To read this article:

Loeb’s Third Point Bet on Banks Amid Trump Election Share Rally

(Bloomberg) Third Point, the sometimes-activist hedge fund run by Dan Loeb, took new stakes in a handful of banks including JPMorgan Chase & Co. in the fourth quarter, amid a rally in financial stocks after President Donald Trump’s election victory. […]

A $200bn Danish Investor Sorts Bad Hedge Funds From Good

(Bloomberg) The hedge fund business ain’t what it used to be. For starters, a lot of funds in the industry forgot to hedge at crucial moments over the past decade, according to the men now running the $200 billion wealth […]

Alternative Lenders Gain Ground in US as Investors Support Aggressive Deals

(Reuters) Red-hot investor demand for U.S. leveraged loans is helping institutions not bound by federal lending guidelines to lead and sell aggressive deals that traditional arranging banks are unable to provide. Deals that could have drawn regulators’ ire if arranged […]

RBS Said to Plan More Than $1bn of Cost Cuts as Jobs Pared

(Bloomberg) Royal Bank of Scotland Group Plc is preparing to cut more than 1 billion pounds ($1.25 billion) of annual operating costs by eliminating jobs and closing branches as it seeks to bolster profitability, said a person with knowledge of […]

Britain’s Co-operative Bank Puts Itself up for Sale

(Reuters) Britain’s Co-operative Bank, rescued from the brink of collapse by a group of hedge funds in 2013, has put itself up for sale as it seeks to build up its capital to meet regulatory requirements. The bank said on […]

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