Monthly Archives: February 2019
Hedge Fund Founder Jeff Tannenbaum’s Next Act Will Be Green
(Bloomberg) Jeff Tannenbaum made his fortune through investing; now he’s investing that fortune. He’s chairman emeritus at New York-based Fir Tree Capital Management LP, the hedge fund he founded in 1994, though he began handing over investment responsibilities in the […]
Hedge Fund Takes on U.K. and Its Banks
(Bloomberg) A U.S. hedge fund is taking on the British government and major banks in protest at the pain inflicted on ordinary shareholders in the latest rescue of a troubled U.K. construction company. It is picking a tough battle, but […]
Trump Says He Won’t Meet China’s Xi Before Tariff Deadline
(Bloomberg) President Donald Trump said he won’t meet Chinese President Xi Jinping before a March 1 deadline to avert new U.S. tariffs on Chinese goods. To read this article:
Fund Manager Beating Almost Everyone Says Get Out of London, NYC
(Bloomberg) To fly from Scotland to Silicon Valley takes 14 hours. Money manager Tom Slater, whose fund is loaded with west-coast tech giants, makes a round-trip from Edinburgh about six times a year. He mostly skips the stops in London […]
Hedge-Fund Manager Doug Kass Says Stock-Market Bulls Need to Wake Up
(Marketwatch) Just keep swimming….That’s been the message for investors these days. Stay afloat because we’ve had the best start for stocks since 1987… To read this article:
CEOs are Opening Their Boardrooms to Hedge Fund ‘White Squires’ to Keep Other Activists
(CNBC) When it comes to defending a company against an agitated investor, the devil you know may be better than the devil you don’t….That’s the recent mindset among corporations and investors alike when it comes to fending off potential intruders. […]
SEC Charges Founder of Online Gaming Company Defrauding Investors
(HedgeCo.Net) The Securities and Exchange Commission today charged Robert Alexander with fraudulently raising approximately $9 million from more than 50 individuals by selling investments in Kizzang LLC, a purported online gaming business. According to the SEC’s complaint, among other misrepresentations, […]
CTAs start 2019 in the red
(Hedgeweek) Following an initial positive run in the first few days of the year, all of Societe Generale Prime Services’ CTA Indices were in negative territory by the end of January. To read this article:
Embrace the Short Bet Is Canadian Hedge Fund Mantra for 2019
(Bloomberg) Canadian hedge funds which boosted short positions outperformed in what was the worst year for the sector since 2011. Focusing on small companies also helped. Shorting will be key again this year, according to Forge First Asset Management Inc., […]
Hedge Fund Market Growing Rapidly in Korea
(Business Korea) Hedge funds, which were once considered an investment vehicle only for well-heeled investors, have become a popular investment tool among ordinary Korean investors 10 years after the introduction. In particular, hedge funds, which are relatively insensitive to stock […]
Hedge Fund Strategies Experienced a Symmetric Move in January
(Opalesque) Hedge fund strategies experienced a symmetric move as market conditions switched swiftly from panic mode to exuberance mode over the recent weeks. Those who suffered in December rebounded last month (L/S Equity, Special Situations) while those who were resilient […]
Appaloosa Steps Up Pressure on Allergan to Split Chairman, CEO Roles
(Reuters) Hedge fund Appaloosa LP on Tuesday urged pharmaceutical company Allergan Plc to split its chairman and chief executive roles, arguing that an independent chair could help CEO Brent Saunders boost the company’s sagging share price. Appaloosa’s billionaire founder David […]