Monthly Archives: January 2018
Loeb’s Third Point Calls for Faster Changes at Nestle in Letter
(Bloomberg) Dan Loeb’s Third Point is urging Nestle SA to buy back more of its shares and accelerate portfolio changes at the company to better align with its strategy, including renewing a call for the company to sell its stake […]
Zombies Torment a Hedge Fund Titan
(Bloomberg) Out of the mouths of babes and sucklings, wisdom can sometimes be heard. The same applies to money-losing hedge-fund managers. In his most recent letter to his long-suffering investors, Crispin Odey accuses banks of keeping unprofitable companies alive by […]
Why Banks Will Be Slammed In The Next Crisis—And That May Be Good News
(Harvest) While some banks are run by honest folk, others are almost indistinguishable from criminal organizations. Bank scandals are nothing new in the US and elsewhere. Still, those banks may be one of the best investment opportunities of your life. […]
AIMA Publishes GDPR Implementation Guide
(FINalternatives) The Alternative Investment Management Association has published a General Data Protection Regulation (GDPR) Implementation guide that summarizes the GDPR framework in the context of alternative investment management and aims to help members understand and comply with new EU-wide rules […]
Fund Managers’ Fees Outed As MiFID II Disclosure Rules Take Effect
(MoneyMarketing) Some fund managers’ costs have been shown to increase at least two times beyond the ongoing charges figure, as Mifid II rules around fee disclosure take effect…. To read this article:
Why ‘Alpha Males’ Make Bad Hedge Fund Managers
(Institutional Investor) High-testosterone hedge fund managers “significantly underperform” low-testosterone peers, according to research from the University of Central Florida and Singapore Management University. These “alpha males” post lower returns because they trade more frequently, tend toward high-risk, high-potential stock picks, […]
When Will Yale Buy Bitcoin?
(Institutional Investor) Hedge funds grew from a boutique investment area serving wealthy individuals and families to a full-blown institutional phenomenon after Yale and CalPERS gave credence to the category. Cryptocurrencies are on the same path, awaiting that institutional first-mover… To […]
Paul Singer wants Qualcomm to up its bid for NXP
(New York Post) Activist investor Paul Singer wants Qualcomm to pony up more cash in its bid to acquire NXP Semiconductors.“We believe the current $110 offer is not even in the right zip code and a credible offer from Qualcomm […]
These Rising Hedge Fund Stars were up 40% Last Year
(CNBC) The torch is passed as the old hedge fund guard is losing its touch in the current market. A new generation of under-the-radar hedge fund stars are soundly outperforming more experienced, better-known managers such as David Einhorn and Bill […]
2017’s Worst-Returning Precious Metal Becomes Hedge Fund Darling
(Bloomberg) After lagging behind other precious metals last year, platinum is finally outperforming, and hedge funds are taking notice. Money managers increased their bets on a rally for platinum, a commodity used in pollution-control devices for cars. Investors had been […]
Six Accountants Charged with Using Confidential Data to Improve Inspection Results for KPMG
(HedgeCo.Net) The Securities and Exchange Commission today announced charges against six certified public accountants – including former staffers at the Public Company Accounting Oversight Board (PCAOB) and former senior officials at KPMG LLP – arising from their participation in a […]
AIG to Expand Pension, Hedge Fund Ties After $5.56 Billion Deal
(Bloomberg) American International Group Inc. will expand its relationships with alternative-asset managers after it completes a $5.56 billion deal to buy Validus Holdings Ltd., Chief Executive Officer Brian Duperreault said. To read this article: