Monthly Archives: January 2020
Hedge fund ESG activism helps managers drive change
(Opalesque) Nearly three-quarters of asset managers polled by Cerulli Associates in 2019 indicate that they exercise active ownership as part of their investment decision-making process to minimize risks and maximize returns, up from 54% in 2017. To read this article:
Wynnchurch Capital amasses nearly $2.3bn for the fifth fund
(Opalesque) Chicago-headquartered Wynnchurch Capital closed its fifth private equity fund, Wynnchurch Capital Partners V, reaching its hard cap of $2.3 billion in capital commitments. To read this article:
Activist hedge fund Elliott sells stakes in Hyundai Motor companies
(Reuters) Elliott Management sold all its shares in Hyundai Motor Group companies last year after it was thwarted in its campaign for huge special dividends and board seats, South Korean media reported. The U.S. activist hedge fund was not among […]
Hedge fund HG Vora wants Tegna to consider a sale or merger
(Reuters) – Another large investor in Tegna Inc (TGNA.N) wants the U.S. regional TV station operator to pursue a merger or sale, arguing a tie-up could be very valuable at a time the industry is facing a wave of consolidation, […]
Pound extends gains as rate cut bets melt
(Reuters) – The pound extended gains on Thursday, building on the one-month high it reached against the euro in the previous session, as data this week reduced market expectations of a central bank rate cut as early as next week. […]
Cayman Gears Up for Significant Fund Regulation Changes
(AlphaWeek) January in the Cayman Islands saw the launch of the Cayman Government’s much-anticipated response to the continued drive to act decisively on EU and international recommendations by planning the introduction of bespoke, sector specic new requirements for the registration […]
Central Bank Group to Assess Potential Cases for Central Bank Digital Currencies
(Opalesque) The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Sveriges Riksbank and the Swiss National Bank, together with the Bank for International Settlements (BIS), have created a group to share experiences […]
CFTC Orders Australian Company to Pay $1 Million for Spoofing
(HedgeCo.Net) The Commodity Futures Trading Commission has settled charges against Propex Derivatives Pty Ltd, a proprietary trading firm headquartered in Australia, for spoofing in the Chicago Mercantile Exchange E-mini S&P 500 futures market. The order finds that Propex, through a […]
Charges Filed Against Scheme to Sell Fictitious Interests in Marijuana Company
(HedgeCo.Net) The Securities and Exchange Commission has charged Guy S. Griffithe and Robert W. Russell, and three companies they controlled, for an alleged scheme that defrauded investors who thought they were purchasing interests in a Washington-licensed recreational cannabis company out […]
Hedge funds up 8.74 per cent in 2019, says Eurekahedge
(Hedgeweek) The Eurekahedge Hedge Fund Index returned 8.74 per cent in 2019, supported by the risk-on sentiment among investors and positive geopolitical developments throughout the year. To read this article:
SEC Charges Founder of Purported Blockchain Marketplace for Fraudulent ICO
(HedgeCo.Net) The Securities and Exchange Commission charged a purported blockchain-marketplace company and its founder with conducting a fraudulent initial coin offering (ICO) of unregistered digital asset securities. As alleged in the SEC’s complaint, Sergii “Sergey” Grybniak and his company Opporty […]
Citi sets up a $150m impact investing fund
(Opalesque) New York-based banking institution Citi has launched a $150 million fund that will invest in private-sector companies that have a positive impact on society. To read this article: