Monthly Archives: January 2019
Court Orders $1 Billion Judgment Against Operators of Woodbridge Ponzi Scheme Targeting Retail Investors
(HedgeCo.Net) A federal court in Florida has ordered Woodbridge Group of Companies LLC and its former owner to pay $1 billion in penalties and disgorgement for operating a Ponzi scheme that targeted retail investors. The Honorable Judge Marcia G. Cooke […]
Bridgewater, RenTech Make $13 Billion in a Grim Hedge-Fund Year
(Bloomberg) Ray Dalio’s Bridgewater Associates and Jim Simons’ Renaissance Technologies beat their rivals in a tough year for hedge funds in 2018, making a combined $13 billion for their investors. The profits accounted for more than half the money generated […]
Elliott Management Will Likely Wage Proxy Campaign to Shake Up Arconic
(New York Post) So you want to protect your retirees’ pensions? That could get you into trouble with the state of Delaware.Elliott Management — reeling from the surprise rejection of a $10 billion takeover offer for aluminum giant Arconic earlier […]
A bumper year for private equity buyout deals in 2018: Preqin
(Opalesque) A total of 5,106 private equity-backed buyout deals were announced through 2018, an all-time record, building on the previous record of 4,829 seen in 2017, said a latest report by Preqin. According to Preqin Insights the total value of […]
Preqin Hedge Fund Gauge Sheds 3.4% Last Year, Worst Since 2008
(Asia Asset Management)The global hedge fund industry registered the worst performance in ten years in 2018 with 59% of funds posting negative returns as turbulent markets exacted a toll, according to London-based data provider Preqin. The Preqin All-Strategies Hedge Fund […]
Hedge funds return to oil as OPEC removes some downside risk
(Reuters) Hedge fund managers stepped up their purchases of oil and refined products last week on growing hopes of a U.S.-China trade truce and that the global economy will avoid a severe slowdown in 2019. To read this article:
An Ex-Nomura Trader Starts Hedge Fund at Tencent-Backed Firm
(Bloomberg) An ex-Nomura Holdings Inc. trader has started a hedge fund focused on emerging-market corporate bonds at a money manager backed by Tencent Holdings Ltd. Desmond How, who headed a proprietary trading desk covering credit products at Nomura, launched the […]
2018 was a difficult year for many alternative UCITS funds
(Hedgeweek) Many Alternative UCITS funds did not have a happy 2018, with only one in six funds able to post positive results for the year, and assets under management in the total space declined with slightly less than 8 per […]
Hedge Fund Fraudster ‘Relieved’ After Being Deported to China
(Bloomberg) A hedge fund analyst sent to jail for stealing confidential trading strategies from a London firm was “relieved” to be deported back to China after spending four-and-a-half years behind bars, his lawyer said. Ke Xu was convicted in 2015 […]
Hedge Funds See More Juice in Carbon Market’s Two-Year Rally
(Bloomberg) Reforms that soaked up a supply glut for pollution allowances have yet to run their course, prompting investors to pile in. The speculative fervor that made European carbon allowances the hottest commodity of 2018 shows little sign of abating […]
How Crypto Hedge Funds Can Use AI to Achieve Alpha
(CCN) As Nobel Prize-winning economist Robert Shiller put it, “Bitcoin is a social phenomenon.” Rumors, fear, and hype all play an enormous role in influencing the price of cryptocurrency, but these things are not so easy to identify on a […]
The New Hedge Fund Manager Flies Economy
(Bloomberg) Brant Rubin started a hedge fund last year only to find it wasn’t the easy path to riches it used to be. He’d quit his job buying into European internet companies for London’s Luxor Capital in 2017 to set […]