Monthly Archives: February 2019
Democrats Target Wall Street With Financial Trade Tax Proposal
HF (Bloomberg) Wall Street would bear the brunt of the latest tax proposal as Democrats jockey for the most progressive tax ideas with the approach of the 2020 elections. Senator Brian Schatz, a Hawaii Democrat, is working on a plan […]
Arconic Replaces CEO in Slap to Hedge Fund Elliott Management
(New York Post) Activist hedge fund Elliott Management suffered a setback in its push to sell aluminum company Arconic following an unexpected C-Suite reshuffling that ousted a major Elliott ally, sources told The Post. The New York aluminum parts company […]
Deutsche Bank Knows How Good Hedge Fund Analysts Are At Their Job
(AlphaWeek) Bank’s quant research team finds a way to identify individual outperforming stock pickers at long/short hedge funds To read this article:
Catalyst Funds launches Catalyst Enhanced Income Strategy Fund
(Opalesque) Catalyst Funds, an alternative-focused mutual fund company, today announced the launch of the Catalyst Enhanced Income Strategy Fund (EIXIX). The Fund employs an income-focused strategy that invests in a variety of non-traditional income asset classes. EIXIX invests primarily in […]
UK Hedge Funds To Prepare Their Senior Managers For New Regulatory Regime
(Opalesque) Sani Jackson, London-based director at Optima Partners, a global regulatory compliance and risk management firm, warms UK-based fund managers of some (non-Brexit related) regulatory issues they cannot ignore this year. The UK FCA’s Senior Managers and Certification Regime (SM&CR) […]
Four Public Companies Charged With Longstanding ICFR Failures
(HedgeCoNet) The Securities and Exchange Commission has settled charges against four public companies for failing to maintain internal control over financial reporting (ICFR) for seven to 10 consecutive annual reporting periods. Two of the charged companies also failed to complete […]
Global algorithmic trading market to surpass $21.69bn by 2026
(Hedgeweek) Global algorithmic trading market was valued at USD9.30 billion in 2017, and is projected to exhibit CAGR of 10.1 per cent over the forecast period (2018-2026), according to data released by Coherent Market Insights. To read this article:
Global ETF and ETP asset growth continued to outpace global hedge fund industry in Q4 2018
(Hedgeweek) Assets invested in ETFs and ETPs listed globally amounted to $4.82 trillion at the end of Q4 2018, following net?inflows of $164.84 billion and market moves during the period, according to ETFGI’s Q4 2018 Global ETF and ETP industry […]
Hedge Fund Appaloosa Urges Allergan to Separate Roles Of Chairman, CEO Again
(Reuters) Hedge fund Appaloosa LP said on Tuesday it sent a letter to Allergan Plc’s board of directors, urging them to separate the roles of chairman and CEO, a year after making a similar request. Last year, the hedge fund […]
Fourth Quarter 2018 Review of the Long/Short Equity Hedge Fund Space
(Nasdaq) Volatility returned to equity markets in the fourth quarter following two relatively benign quarters and, unfortunately for most market participants, it was predominantly to the downside. Despite the highest annual GDP growth rate in 10 years and 80% of […]
Wall Street Veteran Says U.S.-China Deal Will Be Sell Trigger
(Bloomberg) A trade deal between the U.S. and China will put an end to the rally in risk assets that’s been in place since late December, according to Hondius Capital Management LP’s Shawn Matthews. “Right now, it’s a risk-on mentality […]
Ray Dalio Making It Clear That Cupid Should Steer Clear Of The Woods Of Westport
(Dealbreaker) Another tragic ending to a Bridgewater romance. To read this article: