Monthly Archives: January 2020
Court Orders Fund Adviser to Pay More Than $31 Million
(HedgeCo.Net) A federal district court has ordered San Francisco-based fund adviser Michael B. Rothenberg to pay more than $31 million in disgorgement, prejudgment interest, and penalties in connection with the misappropriation of investor money. The SEC’s complaint, alleged that Rothenberg […]
CFTC Orders South Korean Company to Pay $700,000 for Spoofing
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order simultaneously filing and settling charges against Mirae Asset Daewoo Co., Ltd. for spoofing in the Chicago Mercantile Exchange (CME) E-mini S&P 500 futures market. The order finds that Daewoo Securities […]
Macro hedge funds rebound as investment landscape improves in Q4
(Hedgeweek) Macro-focused hedge funds have enjoyed a resurgence in recent months, generating a 6.50 per cent annual gain in 2019, aided by a 1.73 per cent return during the final quarter of the year, according to eVestment’s aggregated hedge fund […]
Alternative investment fund finance moving from niche to mainstream
(Hedgeweek) Two-thirds (66 per cent) of alternative investment professionals have a good understanding of the benefits of fund finance but cite negative perceptions among LPs as the biggest challenge to its wider adoption, according to a new survey commissioned by […]
Nuveen creates $21bn private capital platform with Churchill Asset Management
(Opalesque) Nuveen, the $1 trillion investment manager owned by TIAA, is bringing its private equity and junior capital group together with Churchill Asset Management, its middle-market senior loan and unitranche financing business, to create the direct access platform. To read […]
Willis Towers Watson’s Asset Management Exchange hires senior J.P. Morgan executive
(Opalesque) The Asset Management Exchange (AMX), an institutional platform for investors and asset managers, announced the appointment of Dr Kerrie Mitchener-Nissen as Head of Product. Mitchener-Nissen joins AMX, which manages over $9.5 billion in assets, to lead a growing team […]
Private debt fundraising lagged in 2019
(Opalesque) More than 200 private debt funds closed in each year from 2015 to 2018. But 2019 fundraising lagged, and at the end of the year just 152 funds have reached a final close, said Preqin. To read this article:
Yuan soars, stocks scale heights as markets cheer imminent Sino-U.S. deal signing
(Reuters) – Asian shares hit a 7-month high, China’s yuan jumped and safe-harbor assets slipped on Tuesday, amid signs of goodwill between China and the United States, as the world’s two biggest economies prepared to sign a truce in their […]
Oil price slides as hedge funds’ buying fades
(Reuters) – Despite the increase in tensions across the Middle East after the killing of an Iranian general by a U.S. air strike, hedge fund managers added only modestly to their bullish position in petroleum last week. To read this […]
Long-Short Equity Strategies – “Hedging” Your Bets
(Harvest) With U.S. equities near record highs, investors may be seeking ways to position their portfolios for what lies ahead. It could be an opportune time to consider the inherently risk-mitigating characteristics of long-short equity strategies. To read this article:
CFTC Charges US Coin Bullion LLC and its Owners with $7.9 Million Precious Metals Fraud
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has filed a civil enforcement action in the U.S. District Court for the Middle District of Florida, charging US Coin Bullion LLC, Salvatore Esposito, and Joseph Esposito with misappropriating over $7.9 million of […]
CTAs close best year since 2014
(Opalesque) The managed futures subset of the hedge fund industry in 2019 enjoyed their best year since 2014, with gains of +6.24 percent, according to the Societe Generale CTA Index. Following positive gains in November, CTAs experienced a small dip […]