Monthly Archives: February 2020
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 […]
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 […]