Monthly Archives: February 2019
Final Judgments Against Former CEO and Former CFO of General Cable Corp. Operating Segment
(HedgeCo.Net) The Honorable Joan A. Lenard of the U.S. District Court for the Southern District of Florida entered final judgments on consent against Mathias Francisco Sandoval Herrera and Maria D. Cidre, the former Chief Executive Officer and former Chief Financial […]
A currency war would be one-sided if US/China trade dispute escalates
(Hedgeweek) The big question that arises whenever trade wars emerge is the extent to which the principal actors involved devalue their domestic currencies. For the US and China, the battleground is substantially uneven in the sense that China basically controls […]
LiquidX trading volume soars 40 per cent year-on-year to USD7.4bn
(Hedgeweek) LiquidX, a global network for illiquid assets, transacted a record USD7.4 billion in 2018, as year-over-year trading volume soared 40 per cent. The platform handled four times as many unique credits in 2018 than in previous years. To read […]
Wall Street Horizon partners with Lucena Research to provide actionable investment signals
(Hedgeweek) Lucena Research, a specialist in predictive analytics for financial markets, and Wall Street Horizon, a provider of corporate earnings and events data to institutional investors, are bringing to market new combined offerings in the form of actionable signals for […]
Hedge Funds Hunt For Shipping Debt in New Market Push
(Reuters) A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy up loans and bonds as banks cut their exposure to the troubled sector. World economy worries and […]
Hedge funds off to a strong start – Barclay Hedge Fund Index climbs 3.88% in January
(Opalesque) Investor optimism spurred by a variety of favorable conditions pushed hedge funds to a solid start in 2019 with a 3.88% return in January, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. […]
Top Firm Said to Make $120m in Trading Profits in Single Day
(HITC) Not a bad day at the office. To read this article:
GAM Expects ‘Challenging’ 2019, Sacks Suspended Director
(Reuters) Assets under management at GAM Holding AG continued to fall at the end of last year, the Swiss group said on Thursday as it forecast a “challenging” 2019 ahead. GAM had a torrid year after being forced to write […]
Broker-Dealer and Transfer Agent Charged in Microcap Shell Factory Fraud
(HedgeCo.Net) The Securities and Exchange Commission today announced charges against a broker-dealer, a transfer agent, and three individuals for their roles in the creation of over a dozen undisclosed “blank check” companies from 2009 to 2014. In its complaint, the […]
Cognizant To Pay $25-Million To Settle FCPA Violations
(HedgeCo.Net) Cognizant Technology Solutions Corporation has agreed to pay $25 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA), and two of the company’s former executives were charged for their roles in facilitating the payment of […]
OKEx reports 223 per cent trading volume growth in first two months
(Hedgeweek) OKEx, a Malta-based digital asset exchange, recorded 223 per cent growth in monthly trading volume in the two months following its launch. To read this article:
SEC Proposes to Expand “Test-the-Waters” Modernization Reform to All Issuers
(HedgeCo.Net) The Securities and Exchange Commission has voted to propose an expansion of a popular modernization reform that would permit investor views about potential offerings to be taken into account at an earlier stage in the process than is the […]