Monthly Archives: February 2019
Here Are the Finance Firms Cutting Jobs After Turmoil in Markets
(Bloomberg) Asset managers and banks are under pressure as volatility roils global markets and investors pile into passive, low-fee funds. The $3 trillion hedge fund market has been hit hard as performance sank and funds closed last year. One recruiter […]
Two Defendants Charged with Lying to the SEC Sentenced in Microcap Fraud Case
(HedgeCo.Net) A stock promoter and a former chairman of a Massachusetts-based medical diagnostics company previously called Endeavor Power Corp were sentenced in a federal court in Boston, Massachusetts in a related criminal case brought by the Massachusetts U.S. Attorney’s Office. […]
December’s strugglers bounced back in January, says Lyxor
(Hedgeweek) Hedge fund strategies that suffered in December rebounded last month (L/S Equity, Relative Value Arbitrage), while those resilient at the end of 2018 (CTAs) lagged behind, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team. To […]
Smaller investment firms face challenges in compliance management
(Hedgeweek) Small to mid-sized investment firms continue to face significant challenges in operating compliance programs that are needed to meet intense regulatory scrutiny, according to Optima Partners, a leading global financial regulatory compliance firm. To read this article:
Gannett’s Board Rejects Hostile Bid by MNG Enterprises
(Reuters) Gannett Co Inc said on Monday its board rejected newspaper chain MNG Enterprises Inc’s unsolicited bid saying the offer undervalued the company and was not credible. MNG, controlled by secretive hedge fund Alden Global Capital LLC, offered to buy […]
Bill Gross Retires After Storied Four-Decade Career in Bonds
(Bloomberg) Bill Gross, who reigned for decades as the Bond King at Pacific Investment Management Co., is retiring more than four years after jumping to Janus Henderson Group Plc from the fixed-income giant he co-founded. “I’ve had a wonderful ride […]
Here’s What Happens When a Hedge Fund’s Star Walks Away
(Bloomberg) Andrew Fredman hit the hedge-fund lottery. For a decade and a half, he made a fortune as the investment brains behind Fir Tree Capital Management.Then, at 53, he walked away. What happened next shows the vagaries of the hedge-fund […]
Rio Hedge Fund Novus Seeks Fourfold Growth to Reach Big Leagues
(Bloomberg) Rio de Janeiro-based hedge fund Novus Capital is preparing to grow nearly fourfold in the next two years on the expectation Brazil outshines other emerging markets and attracts a flood of inflows. Novus currently manages 1.6 billion reais ($360 […]
Bristol-Myers Gains After Starboard Takes a Position
(Bloomberg) Shares of drugmaker Bristol-Myers Squibb Co. gained Monday, with acquisition target Celgene Corp. falling after activist hedge fund Starboard Value was said to have taken a stake in Bristol-Myers. The size of Starboard’s stake and any plans that Jeff […]
Elliott Management Increases Passive Stake in Dell
(Bloomberg) The New York-based hedge fund, run by billionaire Paul Singer, increased its passive stake in Michael Dell’s technology giant to 9.6 million shares, or 5.6 percent, from about 6.3 million shares previously, according to a regulatory filing this week. […]
Self-made hedge-fund billionaire gives record $100mn to Cambridge University
(The Daily Mail) A self-made billionaire has donated a record $100 million to Cambridge University in a bid to attract students from under-represented backgrounds. David Harding, 57, made the landmark donation alongside his wife Claudia – and it is now […]
Aura Group appoints Damien Hatfield as executive director
(Opalesque) Opalesque Industry Update: Aura Group has announced the appointment of industry veteran, Damien Hatfield, as its new Executive Director, Aura Alternative Assets. Damien will be responsible for launching several funds over the next 18 months. “I am excited to […]