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Central Bank Group to Assess Potential Cases for Central Bank Digital Currencies

(Opalesque) The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Sveriges Riksbank and the Swiss National Bank, together with the Bank for International Settlements (BIS), have created a group to share experiences […]

Why Chicago Tribune Staffers Are Terrified of Their Hedge Fund Owner

(Forbes) Two veteran journalists from the Chicago Tribune published an op-ed on Sunday challenging one of the paper’s principal owners, the New York hedge fund Alden Global Capital. To read this article:

Insider-Trading Prosecutions Get Easier with Court Ruling

(Bloomberg) Prosecutors have a stronger hand going after insider trading following a court ruling that lowered the bar for bringing cases.The federal appeals court in Manhattan last week said the government may pursue insider-trading charges under a newer securities-fraud law […]

Dollar buoyed by signs of solid U.S. economy, pound ticks up

(Reuters) – The dollar held firm at the start of a holiday-thinned week on Monday, as U.S. data pointed to solid economic growth while the British pound bounced slightly after having suffered its biggest weekly fall in three years. To […]

Hedge funds up 0.90 per cent in November, says Eurekahedge

(Hedgeweek) The Eurekahedge Hedge Fund Index was up 0.90 per cent in November, supported by the market’s optimism towards the progress of the US-China trade talks, according to the December 2019 Eurekahedge Report. To read this report:

ValueAct Partner Steps Down From Board At Citi Credit Rival

(Reuters) Credit card and loyalty programs firm Alliance Data Systems Corp (ADS.N) said a board member representing ValueAct Capital has stepped down, removing one conflict of interest which could have prevented it gaining a board seat at Citigroup Inc (C.N). […]

Blackstone special situations executive Geiling leaves firm –

(Reuters) – A senior Blackstone Group (BX.N) executive who oversaw special situations investments at the private equity giant’s hedge fund unit Blackstone Alternative Asset Management, has left the firm, two people familiar with the matter said. Greg Geiling was a […]

Eric de Montgolfier appointed as new Invest Europe CEO

(Opalesque) Invest Europe has appointed Eric de Montgolfier as new CEO to lead the world’s largest association of private capital providers and investors. De Montgolfier will take the helm at Invest Europe, the association representing Europe’s private equity, venture capital, […]

U.S. value fund managers betting shift to value stocks won’t last

(Reuters) – The massive U.S. market rotation into value stocks over the last two weeks is finally giving value fund managers a reason to be hopeful after years of underperformance. To read this article:

CQS Hedge Fund Says Curve Inverting on Technicals Won’t Last

(Bloomberg) As sovereign bonds around the world continue their relentless climb and a closely watched segment of the U.S. yield curve inverts — seen as a harbinger of recession — the level of anxiety about the global economy can’t be […]

Private debt market continues to flourish and is expected to top $1.4tn in next five years: Preqin

(Opalesque) Despite slowing growth, the private debt market continues to flourish and is expected to top $1.4tn within the next five years, said a report. Approximately $100bn was raised by private debt funds in 2015 and again in 2016, matching […]

CFTC obtains USD2.1m judgement against Iowa commodity trader over fraudulent scheme

(Hedgeweek) Commodity trader Lon Olen Friedrichsen (Friedrichsen) of Alton, Iowa is to pay USD2.1 million to settle a CFTC charges relating to a fraudulent scheme to illegally trade NYMEX West Texas Intermediate Light Sweet Crude Oil futures contracts on behalf […]