Monthly Archives: January 2017
SEC Names Sara P. Crovitz Deputy Chief Counsel in the Division of Investment Management’s Chief Counsel’s Office
(HedgeCo.Net) The Securities and Exchange Commission today named Sara P. Crovitz Deputy Chief Counsel and Associate Director in the Division of Investment Management’s Chief Counsel’s Office. As Deputy Chief Counsel, Ms. Crovitz will assist the Chief Counsel in overseeing legal […]
FBI Agent Turns to Ex-Prosecutor for Help in Insider-Leak Probe
(Bloomberg) An FBI agent turned to a veteran former federal prosecutor to defend him in a probe over leaks of information to the press about an insider-trading investigation of golfer Phil Mickelson and gambler Billy Walters. David Chaves, who’s been […]
eVestment Releases 2017 Hedge Fund Exposure And Tail Risks Report
(FinAlternatives) The world’s top hedge funds appear to be insulated against a new Brexit-type event, but less so against the failure of a major financial institution, according to a new report from data specialist eVestment. To read this article:
Investors pulled $3.6B from Och-Ziff in December
(New York Post) One hedge funder stands out as rough 2016 comes to a close Och-Ziff Capital Management is still paying a price after settling US criminal and civil bribery charges to the tune of $413 million late last year. […]
Ex-Hedge Fund Manager Generates 51% Return From Skiers’ Paradise
(Bloomberg) The region of Trondelag is the cradle of Norway’s Winter Olympic dominance, with 14 gold medals over the past two events alone. Now, Jomar Kilnes, a former hedge fund manager who has come home after more than a decade […]
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 […]
The New Insider Trading: 3 Men Made Millions by Hacking Merger Lawyers
(New York Times) Federal prosecutors in Manhattan have charged three Chinese citizens with making more than $4 million by trading on information they got by hacking into some of the top merger-advising law firms in New York. The three men […]
California Attorney Charged With Stealing Investor Money
(HedgeCo.Net) The Securities and Exchange Commission has charged a California-based attorney with defrauding investors seeking to participate in the EB-5 immigrant investor program, stealing their money to buy a yacht and prop up his other businesses. The SEC alleges that […]
Wall Street Lawyer Clayton Eyed For Top SEC Slot
(FinALternatives) Sullivan & Cromwell partner Jay Clayton is reportedly a leading candidate to head the U.S. Securities and Exchange Commission in the incoming Trump administration, Reuters revealed on Tuesday. To read this article:
DoubleLine’s Total Return Bond Fund Sees Second Straight Month of Net Outflows
(FinAlternatives) Even Jeff Gundlach’s famed Total Return Bond Fund has fallen prey to the sentiment reversal in fixed income markets that began with November’s election-related “Trump Tantrum” and continued with the Fed’s December decision to raise interest rates. To read […]
Latin American Hedge Funds Continue to Lead All Strategies
(Opalesque) Hennessee Group LLC announced that the Hennessee Hedge Fund Index gained +1.21% for the month (+4.14% YTD), while the S&P 500 rose +3.42% (+7.58% YTD), the Dow Jones Industrial Average increased +5.41% (+9.75% YTD), and the NASDAQ Composite Index […]
Breaking Down Active Managers’ Attacks on Passive Funds
(GlobeandMail) Index investing, the Bambi of the financial world, is suddenly back in hunters’ cross-hairs. Consider the shot fired last year (2016) by Sanford C. Bernstein & Co., a respected Wall Street research firm. Analysts at Bernstein suggested. To read […]