Monthly Archives: January 2017
State Street To Pay $64.6M To Resolve U.S. Probes
(FinAlternatives) State Street will pay $64.6 million to resolve U.S. investigations into what prosecutors said was a scheme to defraud six clients through secret commissions on billions of dollars of trades, authorities said on Wednesday. To read this article:
The Case for Currency-Hedged Japanese Stocks
(Harvest) We see a strong case for Japanese stocks on a currency-hedged basis, as this week’s chart helps explain. We believe they should disproportionately benefit from global reflation, as well as a potential pickup in Japanese growth ahead. A weak […]
Greenlight’s Einhorn Sticks With What He Likes, Raises Stake in GM
(Reuters) David Einhorn’s hedge fund Greenlight Capital, which gained 8.4 percent in 2016, said on Tuesday it raised its stake in General Motors, already the firm’s biggest position, and still likes Apple Inc but is betting that companies like Caterpillar […]
10 Firms Violated Pay-to-Play Rule By Accepting Pension Fund Fees Following Campaign Contributions
(HedgeCo.Net) — The Securities and Exchange Commission today announced that 10 investment advisory firms have agreed to pay penalties ranging from $35,000 to $100,000 to settle charges that they violated the SEC’s investment adviser pay-to-play rule by receiving compensation from […]
Allergan Paying $15 Million Penalty for Disclosure Failures During Merger Talks
(HedgeCo.Net) The Securities and Exchange Commission today announced that Allergan Inc. has agreed to admit securities law violations and pay a $15 million penalty for disclosure failures in the wake of a hostile takeover bid. The SEC’s order finds that […]
BofAML Survey: Trump Trades Fade As Investors Sweat Strong Dollar, Policy Dangers
(FinAlternatives) Investors have begun fretting more about Donald Trump’s economic policies and the increasing potential for U.S. policy errors, according to a new survey of fund managers from Bank of America Merrill Lynch, pushing cash levels higher even as expectations […]
Blackrock Demands Cuts to Executive Pay and Bonuses
(HITC Business) The world’s largest fund manager is threatening to unleash a fresh wave of shareholder rebellions in the UK unless Britain’s largest companies rein in excessive boardroom pay… To read this article
Trump Commerce Nominee Wilbur Ross to Divest Stake In PE Firm
(FinAlternatives) Nominated to be Commerce Secretary in the incoming Trump Administration, distressed investing guru Wilbur Ross has pledged to sell his stake in his main private equity firm and resign from corporate boards in order to prevent potential conflicts of […]
Eurekahedge: Industry AUM Contracts $12.2B in 2016 Despite +4.48% Return
(FinAlternatives) Assets in the hedge fund industry contracted by $12.2 billion in 2016 as persistent redemption pressures resulted in steep net outflows of $42.5 billion for the year, according to the new research from data provider Eurekahedge. To read this […]
Two Settle U.S. Charges on Failing to File Stock Buys With Regulator
(Reuters) Danaher Corp co-founder Mitchell Rales agreed to pay $720,000 to settle allegations that he failed to report stock purchases to the government so that they could be vetted to determine if they violate antitrust law, antitrust enforcers said on […]
Greenlight’s Einhorn Sticks With What He Likes, Raises Stake in GM
(Reuters) David Einhorn’s hedge fund Greenlight Capital, which gained 8.4 percent in 2016, said on Tuesday it raised its stake in General Motors, already the firm’s biggest position, and still likes Apple Inc but is betting that companies like Caterpillar […]
Ex-Goldman Trader’s Macro Hedge Fund Said to Lose 5% in 2016
(Bloomberg) Former Goldman Sachs Group Inc. trader Leland Lim’s macro hedge fund lost 5.1 percent in 2016, even after recovering from steep declines early in the year, according to people with knowledge of the matter. Assets overseen by Lim’s Hong […]