Monthly Archives: February 2019
SEC Obtains Judgment Against Donato Baca, Jr. in Ponzi Scheme
(HedgeCo.Net) The SEC has charged Baca, his business partner, Jonny Ngo, and NL Technology, LLC with lying to investors. According to the SEC’s complaint, NL Technology, Ngo, and Baca raised more than $61 million from over 350 investors by falsely […]
Former BlackRock Exec Gets $200 Million Backing From Blackstone
(Bloomberg) A hedge fund startup run by Michael Phelps, a former head of European credit at BlackRock Inc., has attracted a $200 million investment from Blackstone Group LP, according to a person with knowledge of the matter. That puts Phelps’s […]
U.S. Hedge Fund Hound Partners Discloses 5 Percent Stake In UK’s Metro Bank
(Reuters) U.S. hedge fund Hound Partners disclosed a 5.05 percent stake in British lender Metro Bank Plc, a filing showed on Friday. The stake would make Hound Partners Metro Bank’s sixth biggest investor, according to Refinitiv Eikon data. To read […]
Apollo nears $3 billion deal to buy Cox TV stations
(CNBC) Apollo Global Management LLC is nearing a roughly $3 billion agreement to acquire Cox’s TV stations, the biggest in a series of deals the private equity firm is lining up to become a force in U.S. broadcasting, according to […]
Why Energy Still Looks Cheap
(Harvest) The S&P 500 Index rose roughly 8% in January, the best start to a year since 1987. Despite the magnitude of the rally, the S&P 500 Energy Sector has outperformed by more than 5%. As impressive as the gains […]
Understanding the Brexit Quandary
(Harvest) How should an investor position for Brexit? As the end-March deadline approaches for the U.K. to leave the European Union with or without a “withdrawal agreement,” markets have been increasingly on edge. There doesn’t seem to be any way […]
The Hedge-Fund Bond Trade That Keeps on Giving
(Bloomberg) The “gentlemen of the spread” are about to smell blood in Italy’s bond markets again…. To read this article:
Hedge Funds Gained 2.9% In January
(Opalesque) In the week ending February 8th 2019, Bloomberg revealed that six out of seven strategies tracked by the firm have advanced. Hedge funds gained 2.9% in January, the first positive return since July, as the rally in stocks offered […]
A Big U.S. Fund Is Ready to Nibble, Not Bite, on Chinese Bonds
(Bloomberg) As China’s domestic bonds head for imminent inclusion in a benchmark global index, one large U.S. fund manager is taking a cautious approach. “My guess is that we will buy some once we get the settlement capabilities, but it’s […]
New Jersey Resident Charged with Ponzi Scheme Targeting Retail Investors
(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment against a New Jersey resident who was charged by the agency with stealing more than $250,000 in a Ponzi scheme in which his friends and coworkers invested. The court’s […]
Dow falls amid lingering fears over US-China trade and global growth
(CNBC) The Dow Jones Industrial Average fell on Friday as market participants continued to worry about ongoing U.S.-China trade negotiations as well as slowing economic growth. The 30-stock index fell 63.20 points to 25,106.33, notching its first three-day losing streak […]
Hedge Funds Post First Monthly Gains Since July
(Bloomberg) Hedge funds gained 2.9 percent in January, the first positive return since July, as the rally in stocks offered managers some relief.Six out of seven strategies made money, according to preliminary figures from the Bloomberg Hedge Fund Database. Event-driven […]