Monthly Archives: February 2017

(FINalternatives) Activist hedge funds broadly recovered from a slow start last year to end 2016 with sharp gains, spurred by the equity market rally that followed the U.S. presidential election, and remain hopeful that the new administration’s pro-growth, low-tax proposals […]

(FINalternatives) Hedge funds continued last year’s late momentum into 2017, according to the latest reading of Eurekahedge’s Hedge Fund Index, although they still underperformed broader market benchmarks. To read this article:

(Reuters) Japan’s SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world’s largest private equity fund. The all-cash deal […]

(Reuters) Morgan Stanley’s global head of equities trading Peter Santoro is leaving the firm, the company said on Tuesday. Santoro is joining hedge fund Millennium Partners. He will be replaced by Alan Thomas, who will run equities in the Americas. […]

(Bloomberg) Three money managers are planning to leave Harvard University’s struggling endowment to start their own hedge funds as the organization cuts staff and outsources investments. Portfolio managers Michele Toscani and Graig Fantuzzi, who each focus on fixed income at […]

(Bloomberg) Hedge fund managers jumped on the Trump train in the last three months of 2016, boosting their stakes in financial companies and reducing their holdings in technology firms. Financial institutions have risen 22 percent since Donald Trump won the […]

(New York Post) Bill Ackman’s Pershing Square and Valeant Pharmaceuticals have reached an agreement to evenly split legal costs in their nearly two-year long battle against Allergan shareholders…..Under the agreement, filed with the Securities and Exchange Commission on Monday, Valeant […]

(Reuters) Activist hedge fund Marcato Capital Management, which has called for cost cuts at Bank of New York Mellon for years, exited its position in the fourth quarter, according to a regulatory filing made on Tuesday. The San Francisco-based hedge […]

(The Business Insider) The Massachusetts state pension fund, which invests roughly $5 billion in hedge funds, has pulled money out of Brevan Howard, one of the industry’s most prominent firms, a spokesman for the pension fund confirmed on Tuesday…. To […]

(CNBC) David Ganek’s lawsuit against federal authorities alleging improper conduct that led to the shuttering of his $4 billion New York hedge fund is inching closer to a long-sought conclusion…. To read this article:

(Bloomberg) This time, it seems, hedge fund managers have done the wider market a favor. Disheartened by the dollar’s five-week selloff to start the year, hedge funds pared back one of their favorite trades — leveraged bets on the greenback’s […]