Monthly Archives: January 2017
When The Feds Went After the Hedge-Fund Legend Steven A. Cohen
(The New Yorker) One day in early 2013, Preet Bharara, the U.S. Attorney for the Southern District of New York, met with his deputy, Richard Zabel, about one of the biggest cases of his career—a crackdown on insider trading in […]
Hedge Fund Verde Sees Aggressive Brazil Rate Cut This Month
(Reuters) Verde Asset Management SA, which runs Brazil’s largest hedge fund, sees “good chances” that the country’s central bank will cut the benchmark overnight lending rate by a bigger-than-expected 75 basis points this month in a bid to revive a […]
SEC Charges Operators of Fake Day-Trading Firm With Defrauding Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged two men behind a phony day-trading firm with pocketing more than $1.4 million in deposits from hundreds of defrauded investors worldwide. The SEC alleges that Naris Chamroonrat of Bangkok, Thailand, recruited Adam […]
HFRX Global Hedge Fund Index Gains 0.86% In December; Up 2.5% for 2016
(FinAlternatives) Hedge funds gained in December as global financial markets posted gains across global equities, the dollar and energy commodities while credit yields continued a broad move up, according to new data from Hedge Fund Research. The results pushed some […]
Cooperman: Omega’s AUM Down To $3.4B Following SEC Allegations
(FinAlternatives) Leon Cooperman’s Omega Advisors has seen assets under management drop to $3.4 billion in the wake of SEC allegations last year of insider trading, the famed hedge fund investor said on Thursday. To read this article:
Neuberger Berman Raises $2.5B For Fourth PE Secondaries Fund
(FinAlternatives) Neuberger Berman has held a final close for its latest private equity secondaries fund, raising $2.5 billion in capital commitments and easily surpassing the new fund’s target of $2 billion. To read this article:
This Hedge Fund Has Slashed Pay and Headcount As Profits Slip By 61%
(eFinancial) Hedge fund Cheyne Capital Management has cut senior headcount and reduced pay for its partners after a year when profits slipped by 61%. Cheyne, which has around £8bn in assets under management, reduced the number of senior staff in […]
Lampert Lends Sears Another $500m Amid Ongoing Losses
(New York Post) US shoppers may not be spending their hard-earned dough in Sears and Kmart, but owner and chief executive Eddie Lampert can’t seem to spend enough on the incredibly shrinking chains.On Wednesday the hedge fund mogul agreed to […]
12 Rising Hedge Fund Stars Who Are In Their 20s And Are Poised To Take Over The Finance World
(The Business Insider) Hedge funders dominated Forbes’ most recent “30 Under 30” list for finance. Twelve of them are on the 2017 list, including Michael Buckley, who works at Stanley Druckenmiller’s Duquesne Capital, and Anthony Massaro, who works at Bill […]
YE 2016 – High Yield Outlook
(Harvest) High Yield bonds have experienced a strong reversal in price, accompanied by a momentum swing known as a Bullish Divergence. This divergence between price and momentum occurred in early 2016, illustrated by the Roman Numerals ‘I, II & III’ […]
Why One Surging Hedge Fund Is Betting EQT Will Win The American Energy Revolution
(Forbes) The new year on Wall Street kicked off with a bang of an idea from a virtually unknown, mite-sized hedge fund. This week, W. Barnes Hauptfuhrer, 62, head of North Carolina-based hedge fund ChapterIV Investors, recommended natural gas driller […]
Oil Trader Pierre Andurand’s Hedge Fund Returned 22% In 2016
(Forbes) With the price of crude oil sinking below $30 a barrel to 12-year lows a year ago, oil trader Pierre Andurand turned bullish, believing oil prices were set to rebound. Andurand waited for bearish sentiment to subside and went […]