Monthly Archives: February 2020
Hedge funds hold their nerve on China, seek opportunities
(Reuters) – Hedge funds are holding their nerve on China’s ability to rebound quickly from the coronavirus outbreak rattling global markets, but many are also adding caveats as they try to predict the potential economic fallout. To read this article:
Luckin Coffee share price may nearly double to $60 on U.S. exchanges: hedge fund Citron Capital
(Reuters) – China-based Luckin Coffee Inc’s (LK.O) shares could double in price after it overcomes the negative impact of the coronavirus outbreak and a widely publicized bearish bet against its stock, according to Andrew Left, managing partner at hedge fund […]
Final Judgment Handed Down Against Investment Banking Analyst for Insider Trading
(HedgeCo.Net) Bill Tsai, then a junior analyst in the New York office of a large international investment bank, learned through his work for the bank that Siris Capital Group was planning to acquire Electronics for Imaging, Inc. (EFII). Soon after […]
Global Private Debt Market Could Reach $1.4 trillion by 2023,
(Hedgeweek) According to a recent Deloitte report, the global private debt market could reach $1.4 trillion by 2023, thus making it the third largest alternative asset class (after hedge funds and private equity). To read this article:
Coronavirus causes Goldman Sachs to cancel annual partners meeting
(Reuters) – Goldman Sachs Group Inc (GS.N) canceled its annual partners meeting scheduled for this week because travel restrictions resulting from the deadly coronavirus outbreak prevented some Asia-based employees from making it to the bank’s New York headquarters, according to […]
Billionaire U.S. candidate Bloomberg floats plan to tax rich people ‘like me’
(Reuters) – U.S. democratic presidential candidate Michael Bloomberg on Saturday proposed major tax hikes on wealthy Americans and corporations, including a new tax aimed at people earning more than $5 million per year. To read this article:
Frifeldt Investment Council launches family of hedge fund strategies
(Opalesque) Spring Lake, Michigan-based Frifeldt Investment Council has launched three strategies based on portfolio manager Keith Frifeldt’s approach to relative value. Frifeldt’s Global Tactical Alpha Strategies use a quantitative trading program to analyze global markets for relative value opportunities. To […]
Jana Partners nominates directors at restaurant chain Bloomin’ Brands
(Reuters) – Activist hedge fund Jana Partners said on Monday that it plans to nominate several directors at Outback Steakhouse owner Bloomin’ Brands Inc, creating fresh pressure for the company as management continues to review its strategic focus. To read […]
Morgan Stanley donates $20 million to children’s mental health programs
(Reuters) – Morgan Stanley (MS.N) said on Monday it will give $20 million to seven nonprofit groups working to prevent youth suicide and fight depression and other children’s mental health problems. To read this article:
Intermediate Capital Group raises $2.4bn for third secondary fund
(Opalesque)The global alternative asset manager Intermediate Capital Group (ICG) has raised $2.4bn for the final close of its third secondaries fund, ICG Strategic Equity Fund III. To read this article:
Church of England pension fund shifts $789 million to climate index
(Reuters) – The Church of England’s pension fund has shifted 600 million pounds ($789 million) into a new equity index that invests in companies deemed to be making progress towards the targets of the Paris climate agreement. To read this […]
A Texas Company and Its Principal Charged in Multi-Million Dollar Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against a Texas company and its principal for unlawfully selling unregistered securities in connection with the previously charged Madison Timber Properties, LLC Ponzi scheme. The SEC’s complaint, filed in federal court […]