Monthly Archives: February 2019
Papa John’s Offers Purdue Tuition in Bid for Labor Loyalty
(Bloomberg) Papa John’s International Inc. is offering its employees full tuition to Purdue University online classes — part of the beleaguered chain’s efforts to shift the narrative away from the missteps of its founder. The benefit, which will be offered […]
Equity, EM Funds Among Big Hedge Fund Winners in January
(Evestment) Global hedge funds, which ended a challenging 2018 with an industry aggregate return of -5.05%, started off strong in January, with an industry return just shy of +4% according to eVestment’s January 2019 hedge fund performance data. The industry’s […]
Silicon Valley Hedge Funder Glen Katcher Sees an ‘Incredible Opportunity’
(CNBC) Some of the best investments that Silicon Valley has been chasing after can be found on just one stock: Softbank, says Light Street Capital’s Glen Katcher. “It’s an incredible opportunity” to get “real exposure to this incredible growth part […]
Lawyer In Charge of Apple’s Insider-Trading Policy Accused of Insider Trading
(Bloomberg) At Apple Inc., former top lawyer Gene Daniel Levoff was responsible for making sure employees didn’t violate insider-trading laws. It turns out he was allegedly the one who was buying and selling shares illegally, according to U.S. authorities. To […]
Bill Ackman is Making a Comeback With His Hedge Fund Up More Than 24% this Year
(CNBC) His fund Pershing Square says it is up 24.7 percent in 2019 through Tuesday. The fund has made a number of headlines in the past year for new stakes in Starbucks and Hilton Worldwide Holdings. To read this article:
SEC Charges Former Senior Attorney at Apple With Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against a former senior attorney at Apple whose duties included executing the company’s insider trading compliance efforts. The SEC’s complaint alleges that Gene Daniel Levoff, an attorney who previously […]
Fidelity and Schwab Fire Latest Salvos in Brokerage Fee War, Doubling ETFs Available for Free Trades
(CNBC) The price war between major U.S. brokerages heated up Tuesday after Charles Schwab and Fidelity both announced they would expand commission-free trading to hundreds more exchange-traded funds.Both companies said they would make around 500 ETFs available for trading at […]
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 […]
Blackstone to Back ex-Eton Park Partner with $150 Million Seed
(Reuters) Blackstone Group LP is backing a new hedge fund being run by former Eton Park partner Aaron Wertentheil with a $150 million commitment, two sources familiar with the matter said on Tuesday. Wertentheil is launching Jones Road Capital Management […]
Top Hedge Fund Bets on Fannie Mae Preferred Stock Making Dough
(Valuewalk) Fannie Mae and Freddie Mac have been under U.S. government control for more than a decade now, but it’s finally sounding like that could end. One hedge fund which focuses on the financial services industry has been betting on […]
Paul Tudor Jones to Save World (and Capitalism) with an ETF
(Dealbreaker) Paul Tudor Jones has seen it coming for years: The growing wealth inequality, the conspicuous consumption of his fellow billionaires, the endless stock buybacks pushed by his compatriot hedge-fund managers are the little people fall further and further behind. […]
Wall Street’s Biggest Traders Are Building Their Own Exchange
(Bloomberg) Does the U.S. need another stock exchange? There’s no shortage of places to trade: Nasdaq, Cboe Global Markets, and Intercontinental Exchange Inc.’s NYSE division each run multiple public exchanges, and there are dozens of private markets housed inside banks. […]