Monthly Archives: February 2019
Manulife Highly Confident About Hedge Fund Court Case Outcome
(Reuters) Manulife Financial Corp’s chief executive said on Thursday the company was highly confident of winning a case brought against it by hedge fund Mosten, which says it has the right to put unlimited funds into universal life policies. The […]
Hedge Fund Billionaire Invests in Swedish AI Startup Peltarion
(Bloomberg) Euclidean Capital, the family office of hedge fund billionaire James Simons, is leading a $20 million investment in Peltarion AB, a Swedish startup whose software platform helps companies use artificial intelligence. The new funding values Peltarion at $110 million, […]
Hedge Funds Play Tug-of-War With the Volatile Australian Dollar
(Bloomberg) Hedge funds are ratcheting up wagers on the Australian dollar — in both directions — after it became the most-volatile Group-of-10 currencies in the past month. “It’s one of the best times to trade,” said Nader Naeimi, who has […]
What a Difference a Month Makes
(Hedge Nordic) After delivering an average annual net return of 34 percent in the three years prior to 2018, activist investor Accendo Capital experienced its biggest annual loss last year since launching ten years ago. In January, however, Accendo emerged […]
Jeff Vinik offers fee cuts to help bring in cash for new fund
(Reuters) Prominent U.S. investor Jeffrey Vinik is promising potential clients a cut in fees and said that it had been tougher to raise money than he initially thought, as he prepares to relaunch Vinik Asset Management after six years on […]
How Bloomberg Calculated the Top Hedge Fund Managers’ Income
(Bloomberg) Bloomberg’s inaugural ranking of hedge fund manager income shows that the top 10 individuals reaped approximately $7.7 billion last year. To read this article:
A Lot of ‘Negative Surprises’ Will Hit The Markets in Coming Months, Hedge-fund Veteran Mark Yusko Says
A Lot of ‘Negative Surprises’ Will Hit The Markets in Coming Months, Hedge-fund Veteran Mark Yusko Says CNBC posted on Thu 14 Feb 2019 Permalink Print Morgan Creek Capital CEO Mark Yusko, who has a bearish outlook for the year, […]
Deloitte Japan Charged With Violating Auditor Independence Rules
(HedgeCo.Net) Deloitte Touche Tohmatsu LLC (Deloitte Japan) will pay $2 million to settle charges that it issued audit reports for an audit client at a time when dozens of its employees maintained bank accounts with the client’s subsidiary. According to […]
SS&C GlobeOp Hedge Fund Performance Index up 3.59 per cent in January
(Hedgeweek) The gross return of the SS&C GlobeOp Hedge Fund Performance Index for January 2019 measured 3.59 per cent. To read this article:
Pimco Predicts Populist Threat in EU Elections Are Overblown
(Bloomberg) Fears of a populist takeover in European Parliament elections have been greatly overstated. Such is the view of Pacific Investment Management Co. whose message to financial markets is simple: don’t worry. In a note to investors, Pimco analysts say […]
Activist Investors Fall Short on Gender Parity
(Bloomberg) Activist hedge fund managers are too passive when it comes to gender equality. Of the 143 board members who were nominated by activist hedge funds in 2018, just 19, or 13 percent, were women, according to a new study […]
Raw or Poached? Salmon’s on Menu for $2 Billion Hedge Fund
(Bloomberg) As the world strives for a more healthy diet, one hedge fund in Australia is developing a keen appetite for salmon. Tribeca Investment Partners Pty, a Sydney-based manager, runs two natural resource funds focused on everything from gas to […]