Monthly Archives: January 2018
Michael Cohen, Ex-Och-Ziff Executive, Charged With Fraud by U.S.
(Bloomberg) Michael Cohen, a former head of the European operations of Och-Ziff Capital Management Group, was charged with fraud related to the hedge fund firm’s activities in Africa, according to an indictment made public Wednesday. It’s the latest reverberation from […]
Former Day Trader Allegedly Made $1 Million In Insider Trading Profits
(HedgeCo.Net) A former day trader has been charged with making more than $1 million in illegal insider trading profits as part of a ring that allegedly stole confidential information from investment banks and clients so they could trade in advance […]
Brevan Howard’s Hedge Fund Suffers Biggest Annual Loss in 2017
(Bloomberg) Brevan Howard Asset Management’s flagship macro hedge fund lost 5.4 percent last year, recording its worst annual performance since starting in 2003, according to an investor letter. To read this article:
Cryptocurrency Hedge Fund BlockTower Raises $140 Million
(Bloomberg) BlockTower Capital, a digital currency hedge fund launched in August, raised $140 million and hired a former vice president at Goldman Sachs Group Inc., expanding its team to eight people, according to people familiar with the matter. To read […]
Fannie-Freddie Overhaul Might Mint Hedge Fund Riches, Losses
(Bloomberg) They’ve lost in court. They’ve been rebuffed by government agencies. Now, the fates of hedge funds and other investors in mortgage-finance giants Fannie Mae and Freddie Mac could lie with an old adversary: the U.S. Congress. To read this […]
Howard Hughes Shares Hurt As Ackman Trims Stake To Invest In Own Fund
(Reuters) Shares in Howard Hughes Corp (HHC.N) dropped more than 3 percent on Wednesday after billionaire investor William Ackman, who chairs the real estate company’s board and called it an attractive buy in May, said his firm would sell 2.5 […]
Five Things We Learned About MiFID II on Its First Day at Work
(Bloomberg) MiFID II came to life. And belying its billing as a “Big Bang” that would cause disruption as it transforms the European Union’s financial markets, its first day turned out to be more of a whimper as traders waited […]
Whitbread Appoints Ex-ITV Ceo Crozier as Chairman
(Reuters) Britain’s Whitbread, owner of Costa Coffee and Premier Inn, on Thursday appointed as chairman Adam Crozier, a former chief executive of broadcaster ITV Plc and Royal Mail Plc. He will replace Richard Baker, who will retire at the end […]
Retirement Numbers Are Hokum
(Harvest) An interesting article at Plaid Zebra cites work done at Harvard that says instead of believing that success leads to happiness, being truly happy is what leads to success with some data to back up the assertion.I believe embracing […]
Bayer CEO is Auctioning Assets to Clear Monsanto Deal
(New York Post) Bayer CEO Werner Baumann has begun to market US assets owned by the German conglomerate in order to win clearance for its $66 billion merger with Monsanto…The assets — which are expected to include a vegetable seeds […]
A Hedge-Fund Titan Puts Away the Punch Bowl
(Fox Business) The U.S. economy and stock market have just turned in their best performance in years, so it seems like buzzkill to hand the microphone to someone who thinks the path ahead could be much bleaker. Still, when it’s […]
Which Hedge Fund Are You?
(Harvest) Very large funds with average performance that have not experienced heavy redemptions.This is a very precarious position to be in. Things could go either way. Our recommendation, invest heavily in building brand. It is critical to remind your investors […]