Hedge Fund News From HedgeCo.Net

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Hedge Funds No Longer Need the Star System.

(Bloomberg) The list of once-revered-now-humbled hedge fund managers is growing. Alan Fournier is shutting Pennant Capital Management after nearly two decades, acknowledging that “recent returns have been disappointing.” David Einhorn’s main hedge fund at Greenlight Capital was down 14 percent […]

Goldman Warns: There’s A ‘High Probability’ Of A Stock Market Correction In The Coming Months

(The Business Insider) Add Goldman Sachs to the special list of Wall Street firms growing increasingly skeptical about the stock market’s record-setting run….The firm’s global equity strategy team weighed in Monday, noting that worldwide stock markets are off to their […]

Feds Charge Eight Individuals, Three Banks in ‘Spoofing’ Probe

(New York Post) The Justice Department and the federal derivatives regulator said on Monday they had filed civil and criminal charges against three European banks, which paid $46.6 million to settle the cases, and eight individuals for alleged manipulation in […]

Hedge Fund Ivaldi Shutters After Top Investor Leaves

(Bloomberg) Ivaldi Capital LLP, founded in 2009 by three former Citigroup Inc. prime brokers, is shutting down after its largest investor pulled out, according to a person with knowledge of the matter. The hedge-fund manager led by Chief Investment Officer […]

Third-Quarter Fund Launches Exceed Liquidations For First Time In More Than 2 Years

(Pension & Investments) Quarterly hedge fund launches exceeded closures for the first time in more than two years, according to new data from Hedge Fund Research released Thursday. In the three months ended Sept. 30, 176 new hedge funds began […]

The Feds Are Investigating Billionaire Carl Icahn’s Role Advising the Trump Administration

(The Business Insider) Carl Icahn could be in hot water with federal investigators…Back in August, Carl Icahn quit his role advising President Donald Trump’s administration biofuel policy that would benefit his investments…..Now, the feds are investigating Icahn’s informal advisory role […]

Tearful Ex-Broker Avoids Jail Time After ‘Worst Decision’ She Ever Made

(HITC Business) A former bond broker persuaded a federal judge to spare her from prison after pleading guilty to conspiring with a portfolio manager of New York’s main pension fund to funnel state business to her firm in exchange for […]

Preqin: Investor Satisfaction with Hedge Funds Rising Amid Allocation Uncertainty

(FINalternatives) Nearly half of hedge fund investors report being satisfied with the returns they have received, according to new data from Preqin, although nearly the same proportion still expect to reduce their allocations to the asset class over the next […]

Quant Firm AQR Capital Management Seeks SEC Approval to Sell ETFs

(Bloomberg) One of the most profitable quant money managers may soon be taking a dive into the hot exchange-traded fund industry. AQR Capital Management, the $195 billion firm co-founded by Cliff Asness, last week asked the Securities and Exchange Commission […]

Pine River Loses $2 Billion in 12 Months to July

(Reuters) Hedge fund firm Pine River Capital Management’s flagship fund has lost about 68 percent of its assets in the 12 months to July, according to data compiled by HSBC. Assets in the multi-strategy fund dropped from $2.99 billion in […]

SEC Announces Whistleblower Award of More Than $1.7 Million

(HedgeCo.Net) The Securities and Exchange Commission today announced a whistleblower award of more than $1.7 million to a company insider who provided the agency with critical information to help stop a fraud that would have otherwise been difficult to detect. […]

Japan’s Start-Up Stock Market Plunge Could Pressure Small-Caps

(Reuters) Japan’s stock market for start-up firms plunged to two-month lows this week as investors pulled money out of the risky and inflated market, raising concerns the broader stock market could also see some spillover. The Tokyo Stock Exchange’s Mothers […]

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