Monthly Archives: January 2018
Goldman Warns: There’s A ‘High Probability’ Of A Stock Market Correction In The Coming Months
(The Business Insider) Add Goldman Sachs to the special list of Wall Street firms growing increasingly skeptical about the stock market’s record-setting run….The firm’s global equity strategy team weighed in Monday, noting that worldwide stock markets are off to their […]
A Glimmer of Hope for Macro Hedge Funds
(Bloomberg) In recent years, hedge funds pursuing the style known as global macro have underperformed their peers. Shifts in the foreign exchange market, though, may presage the arrival of an environment less hostile to their investment technique. To read this […]
Och-Ziff Board Member Barr Quits Amid Battle Over Who Will Run Firm
(Reuters) Och-Ziff Capital Management director William Barr is leaving the hedge fund’s board at the end of the month, marking the first visible fallout from a battle over who will run the firm in the future. The hedge fund firm […]
Crypto Hedge Fund Polychain Says It Won’t Proceed With IPO
(Bloomberg) Polychain Capital, the crypto hedge fund backed by venture firms Sequoia Capital and Andreessen Horowitz, has decided not to go public in Canada after holdings talks with bankers about an initial public offering.The company has held discussions with bankers […]
Feds Charge Eight Individuals, Three Banks in ‘Spoofing’ Probe
(New York Post) The Justice Department and the federal derivatives regulator said on Monday they had filed civil and criminal charges against three European banks, which paid $46.6 million to settle the cases, and eight individuals for alleged manipulation in […]
Macro Hedge Fund That Made 47% Says Dollar’s Drop Isn’t Done
(Bloomberg) Former Credit Suisse Group AG trader Charlie Chan, whose macro hedge fund surged 47 percent last year to beat rivals, is holding on to bearish bets on the dollar. For now.Chan’s Splendid Asia Macro Fund, with just under $200 […]
BNP Paribas Asset Management launches Global Equity Absolute Return Strategy
(Opalesque) BNP Paribas Asset Management (BNPP AM) announces the launch of Parvest Global Equity Absolute Return Strategy (Parvest GEARS), a sub-fund of the Parvest UCITS V SICAV registered under Luxembourg law. With equity valuations considered expensive at current market levels […]
Lawsuit: TCW Fired Female Fund Manager For Alleging Sexual Harassment
(Reuters) TCW Group Inc, one of the largest U.S. asset managers, is being sued by a prominent female hedge fund manager who said she was fired in retaliation for complaining about being sexually harassed and “coerced” into sex by her […]
Comvest Credit Partner Closes Fourth Direct Lending Fund
(Opalesque) Comvest Credit Partners announced today the final close of Comvest Capital IV, L.P. and affiliated funds, with total equity commitments of $836 million, exceeding the initial fundraising target of $650 million. Together with fund-level leverage, total available capital is […]
Goldman Denies Reports It Is Setting Up A Bitcoin Trading Desk
(Investopedia) Investment bank Goldman Sachs has denied earlier reports that it was planning to start a bitcoin trading desk this June. “What we said was we were opening – we, we’re clearing futures in bitcoins for some of our futures […]
Dell Considering a Sale to VMware In What May Be Tech’s Biggest Deal Ever
(CNBC) VMware could buy Dell in massive reverse-merger, sources say. Dell currently owns 80 percent of Vmware. The deal would give Dell shareholders a way to profit from having taken Dell private in 2013 and help pay off some debt…. […]
SEC Halts Alleged Initial Coin Offering Scam
(HedgeCo.Net) The Securities and Exchange Commission obtained a court order halting an allegedly fraudulent initial coin offering (ICO) that targeted retail investors to fund what it claimed to be the world’s first “decentralized bank.” According to the SEC’s complaint, filed […]