Monthly Archives: February 2016
Massachusetts-Based Investment Adviser Sentenced to Prison, Ordered to Pay Restitution
(Securities & Exchange Commission) The Securities and Exchange Commission announced that on May 17, 2016, Gregg D. Caplitz, of Wilmington, Massachusetts, was sentenced to three and a half years in federal prison and ordered to pay $1.89 million in restitution […]
Credit Suisse Hedge Fund Index Down Less Than 1.5% In January
New York (HedgeCo.net) – Credit Suisse released the January performance results for their Hedge Fund Index earlier this week as well as the results for each of the various hedge fund strategy categories. While most of the world’s equity indices […]
Hedge Fund Knight Vinke Ditches Stake in UBS
(The Telegraph) Activist American hedge fund Knight Vinke has sold its stake in UBS after failing to win enough shareholder support to force the Swiss lender to sell its investment bank.Knight Vinke had expressed concern over UBS’ investment banking operations, […]
Hedge Fund Managers Must Prepare for Benchmark Regulation
(Hedge Fund Law Report) In a speech delivered at the European Regulation Forum sponsored by the Chartered Institute for Securities & Investment, Edwin Schooling Latter, Head of Markets Policy of the U.K. Financial Conduct Authority (FCA), discussed the E.U. Benchmarks […]
Hedge Fund Manager Hendry Says China Doomsayers Have It Wrong
(Bloomberg) Hugh Hendry, the hedge fund manager known for his bearish bank bets during the financial crisis, said he disagrees with peers including Kyle Bass who say China will suffer a crisis and major devaluation.Eclectica Asset Management is betting China’s […]
Judge Blocks Madoff Victims’ $11 Billion Lawsuit vs Picower Estate
(Reuters) Victims of Bernard Madoff’s fraud cannot pursue a Florida lawsuit to recover $11 billion from the estate of Jeffry Picower, who they say helped perpetuate the swindler’s Ponzi scheme, a Manhattan bankruptcy judge ruled on Wednesday.U.S. Bankruptcy Judge Stuart […]
Soros Fund Management Takes Stake in Consumer Lender Synchrony Financial
(Reuters) Soros Fund Management, the team investing billionaire George Soros’ fortune, is betting big on consumer finance by taking a large position in Synchrony Financial, according to a U.S. securities filing on Tuesday.Soros now owns more than 7.1 million shares, […]
Buying Opportunity In Oversold High Yield ETF
(Harvest) After acting as a leading indicator to the current bear market in equities, the high yield space as represented by the HYG etf increasingly looks to be extremely oversold in the near to medium term. Bullish reversals are starting […]
Hedge Fund Manager Puts Profile on Social Media, Lures $20 Million
(Bloomberg) Joshua Young started his hedge fund less than a year ago. Last month, he caught a break when a university endowment handed him $20 million, quintupling his assets under management.How did an obscure Houston fund called Bison Interests land […]
Hedge Funds in Asia Had Nowhere to Hide in January ‘Bloodbath’
(Bloomberg) Hedge funds in Asia, which navigated turbulent markets to post gains in 2015, had nowhere to hide in January.As global stocks, currencies, commodities and risky bonds were roiled in a renewed frenzy of selling in January, hedge funds including […]
Some Hedge Funds Avoid Bite From ‘Fang’ Stocks
(Reuters) A number of hedge funds got out of a group of soaring technology stocks late last year just before they fell sharply to start 2016.Among those to sell “FANG” stocks – as Facebook (FB.O), Amazon (AMZN.O), Netflix (NFLX.O), and […]
Latest 13F Filings Reveal New Positions and Exits from SunEdison
New York (HedgeCo.net) – The latest round of 13F filings have been released this week and what we have learned is that a number of hedge funds bought shares of SunEdison while an equal number exited their positions in the […]