Monthly Archives: January 2019
For Hedge Funds This Year, $1 Billion Is the Loneliest Number
(Bloomberg) Hedge fund managers set on starting their own firms in 2019 face the worst money-raising environment in years. Only one is slated to begin with more than $1 billion: San Francisco-based Woodline Partners, founded by former Citadel duo Michael […]
Cyrus, Omega Call Truce in Sears CDS Fight After Settling Trades
(Bloomberg) A bankruptcy judge approved Sears Holdings Corp.’s sale of notes to Cyrus Capital Partners even as he called the outcome “odd,” ending a chapter in the hedge fund’s efforts to keep its payouts on a series of derivatives as […]
Activist Elliott Embraces Private Equity Strategy
(Financial Times) It came as a stinging blow for Paul Singer’s Elliott Management when it lost out in a 2014 bidding war for networking equipment maker Riverbed Technology. The loss to a private equity consortium led by Thoma Bravo prompted […]
Fund Manager Merger Splurge to Continue in 2019
(Financial News) Analysts expect more consolidation in an under-pressure industry — as well as among the tech firms supporting it… To read this article:
China starts 2019 poorly
(The Technical Analyst) The Hang Seng China Enterprise Index has broken through key support and will likely target 9882 and possibly much lower, according to David Sneddon, Pascal Zingg and James Gilbert at Credit Suisse in London. Sneddon and his […]
Risks at Home Mount for Greece in Its First Post-Bailout Year
(CNBC) After emerging from its steepest economic crisis in living memory, Greece still has a mountain to climb in 2019 if it’s to consummate its comeback with a sustained return to bond markets…. To read this article:
Asian markets mostly down as Apple’s warning weighs on tech stocks
(Marketwatch) Asian markets were mostly lower Thursday after tumbling more than 1% on the first trading day of 2019. Apple downgraded its sales projections, citing slowing Chinese growth, hitting technology shares in South Korea and Taiwan. To read this article:
Hedge Fund Trends to Watch in 2019
(Think Advisor) Even managers with boldface names will have to reinvent themselves if they hope to stay in the game, Agecroft Partners says. To read this article:
Dow futures point to a decline of more than 300 points at the open after Apple slashes guidance
(CNBC) It’s going to be a tough day for technology stocks on Thursday after Apple warned first-quarter sales would be less than it previously expected. The broader market will suffer too. The Invesco QQQ Trust, which track the tech heavy […]
SEC Files Subpoena Enforcement in Possible Market Manipulation Scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed a subpoena enforcement action against three penny-stock companies and their CEO – Cherubim Interests, Inc. (CHIT), PDX Partners, Inc. (PDXP), Victura Construction Group, Inc. (VICT), and Patrick Jevon Johnson – seeking an […]
CFTC obtains USD2.1m judgement against Iowa commodity trader over fraudulent scheme
(Hedgeweek) Commodity trader Lon Olen Friedrichsen (Friedrichsen) of Alton, Iowa is to pay USD2.1 million to settle a CFTC charges relating to a fraudulent scheme to illegally trade NYMEX West Texas Intermediate Light Sweet Crude Oil futures contracts on behalf […]
Pressure on Small Brokers Grows a Year After New EU Rules
(Reuters) A year after new EU rules forced banks and brokers to charge investors for equity research, the pressure on small brokerages to make ends meet is becoming intense and more look set to merge or even shut up shop […]