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Data quality key issue to deployment of AI, ML and RPA projects in capital markets

(Hedgeweek) Broadridge Financial Solutions has released the results of a survey into the progress and challenges associated with artificial intelligence (AI), which includes machine learning (ML) and robotics process automation (RPA), across the capital markets industry. To read this article:

Hedge Funds are Beating The Market for The First Time in 10 Years

(CNBC) Thanks to higher volatility, the rally in energy prices and some well-placed bets in fixed income, managers in the $3.2 trillion hedge fund industry posted a 0.38 percent gain in April that brings the total return for the year […]

Four Harvard Students Jump on the Crypto Hedge-Fund Bandwagon

(Bloomberg) In the 1970s, Bill Gates and Steve Ballmer revolutionized operating system software. Thirty years later, Mark Zuckerberg helped pioneer social networking. So what’s the latest generation of Harvard tech entrepreneurs up to? Looking to cash in on cryptocurrency, of […]

Hedge Fund Elliott Turns Up Heat on Vivendi Over Telecom Italia

(Reuters) Activist fund Elliott turned up the volume in its war of words with Vivendi over the French media group’s defense of its strategy for Telecom Italia (TIM), only days before a fight for board seats at Italy’s biggest phone […]

Losing Direction’: Allergan Investors Are Unhappy After A Wild 4 Hour Takeover Drama

‘Losing Direction’: Allergan Investors Are Unhappy After A Wild 4 Hour Takeover Drama The Business Insider posted on Fri 20 Apr 2018 Permalink Print Allergan’s stock closed down 4% on Thursday, after the pharma giant said it was “in the […]

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 […]

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