Monthly Archives: January 2020
Exclusive: 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. […]
Why Chicago Tribune Staffers Are Terrified of Their Hedge Fund Owner
(Forbes) Two veteran journalists from the Chicago Tribune published an op-ed on Sunday challenging one of the paper’s principal owners, the New York hedge fund Alden Global Capital. To read this article:
SEC Charges Individual with Acting as an Unregistered Broker
(HedgeCo.Net) The Securities and Exchange Commission has charged Allan L. Lundervold with selling nearly $9 million in unregistered securities without being registered as or associated with a registered broker-dealer. According to the SEC’s complaint, from 2012 through 2015, Lundervold, who […]
Eight Unregistered Brokers Charged for Participation in Fraudulent Offerings of Microcap Securities
(HedgeCo.Net) The Securities and Exchange Commission has charged Gregory Drake, Scott Messier, Jay Scoratow, Jason St. Amour, and David Wolfson with fraud for their participation in a matched-trading scheme involving dozens of microcap securities. The SEC also charged Thomas Brooks, […]
Hedge fund legends David Tepper and Stanley Druckenmiller say they’re still bullish
(CNBC) Billionaire investors David Tepper and Stanley Druckenmiller told CNBC they remain bullish on the market even as stocks keep hitting record highs. To read this article:
Preqin hedge fund benchmark up 11.58% in 2019, highest return since 2013:
(Opalesque) The Preqin All-Strategies Hedge Fund benchmark returned +2.00% in December, bringing the 2019 return to +11.58%. Funds of hedge funds gained 1.32% in December, generating a 2019 return of +8.34%, the highest annual return since 2013 (+8.82%). To read […]
US VC funding fell in 2019 in both Q3 and Q4, after a record-breaking Q2
(Opalesque) US venture capital-backed companies raised $23bn in Q4’19, down 16% compared to Q3. YoY funding fell 9% to $108bn making 2019 the third biggest year ever (with 2018 in the first place; 2000 in second). To read this article:
J.P. Morgan makes strategic investment in tech company for alternatives
(Opalesque) J.P. Morgan has taken an equity stake in Arcesium, an investment-management technology business that D.E. Shaw & Co. launched as an independent company in 2015. New York-based Arcesium LLC is an investment management technology and services firm, offering services […]
Venture capital market in Asia remained soft in Q4’19: KPMG
(Opalesque) The VC market in Asia remained soft in Q4’19. In the last quarter, VC-backed companies in the Asia region raised across 1,021 deals, said a report by KPMG. Despite two $1 billion deals in the final quarter of the […]
Woodford fund shows vulnerable side of shadow banking, regulator says
(Reuters) – The closure of the Woodford fund in Britain showed how the $184 trillion shadow-banking sector can be vulnerable even in normal market conditions, the Financial Stability Board (FSB) said in a report on Sunday. To read this article:
Hedge funds sell oil as doubts about economy resurface
(Reuters) – Hedge funds turned heavy sellers of petroleum last week as the threat of conflict in the Middle East receded and was replaced by renewed concerns about the health of the global economy. To read this article:
SS&C GlobeOp Hedge Fund Performance Index up 1.65 per cent in December
(Hedgeweek)The gross return of the SS&C GlobeOp Hedge Fund Performance Index for December 2019 measured 1.65 per cent. To read this article: