Monthly Archives: February 2020
SEC Brings Charges Against Fraud Targeting Amish and Mennonite Investors
(HedgeCo.Net) The Securities and Exchange Commission charged a Pennsylvania man with defrauding Amish and Mennonite community members by making false claims about the use of their funds and guaranteed returns. According to the SEC’s complaint, Philip E. Riehl provided accounting […]
Chinese markets plummet beyond 8% amid virus fears on first trading day after Lunar New Year holiday
(CNBC) Stocks in mainland China plummeted more than 7% by Monday afternoon as they returned to trade following an extended holiday amid an ongoing coronavirus outbreak. To read this article:
Harnessing the benefits of more automated FX trade-lifecycle operations
(Hedgeweek) The FX ecosystem is highly fragmented and the case for more automation – more automated FX trade-lifecycle processes and procedures – has been clear for some time. And yet, automation hasn’t happened yet. Why not, and when will it […]
UBS says hedge funds reputation intact despite $98bn pulled by investors:
(Opalesque) UBS analysts have argued that this does not indicate waning popularity, despite investors withdrew a net $98 billion from hedge funds in 2019, the largest outflows in three years. 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 […]
Cindicator Capital launches digital assets quant fund
(Opalesque) Cindicator Capital has launched a new multi-strategy fund focused on cryptocurrencies and digital assets. Cindicator relies on a hybrid quantitative approach that combines human predictions with machine learning algorithms. The fund’s technology uses prediction data from analysts all over […]
A new report offers due diligence framework for sustainable investing
(Opalesque) A new report from the Money Management Institute (MMI) and The Investment Integration Project (TIIP) in cooperation with Thornburg Investment Management offers a due diligence framework for sustainable investments. The report is designed to help investment consultants and investors […]
David Solomon’s Culling of Goldman Traders Reportedly Catches a Major Body
(Dealbreaker) Peaceful transferences of power are delicate and difficult to achieve. More often than not, ruling classes foster resentment or even outright hostility in the people over whom they rule. When those reigns come to an end, the shifting balance […]
Scientists Prove Crowded Hedge Fund Stocks Are Real and Risky
(Bloomberg) It’s a trader’s maxim: don’t follow the herd. Now, new research suggests you actually can make money pilling into stocks that speculators are obsessed with, but at a high cost to your nerves. While swimming with the hedge fund […]
Final Judgments Handed Down Against Former Law Partner and His Neighbor Charged with Insider Trading
(HedgeCo.Net) A federal district court has entered final consent judgments against a former law firm partner and his neighbor, who were charged with making more than $1 million in illicit profits by insider trading around corporate announcements. The SEC’s complaint, […]
Hedge fund assets up in January as performance offsets investor redemptions
(Hedgeweek) Investors pulled a modest USD1.66 billion from the global hedge fund industry in January. However, strong hedge fund performance almost across the board in January offset those redemptions, lifting total industry assets to USD3.214 trillion, according to eVestment’s January […]
South Florida Investment Fund Allegedly Defrauded Investors Out of Millions.
(HedgeCo.Net) Fraud charges and an asset freeze have been filed against the operators of a South Florida-based investment fund scheme, one of whom has a prior felony conviction and is on parole after nearly 20 years in prison. The SEC […]