Monthly Archives: February 2019
EEX power derivatives volumes increase by 34 per cent in January
(Hedgeweek) The European Energy Exchange (EEX) increased volumes on its power derivatives markets by 34 per cent to 323.0 TWh in January (January 2018: 240.9 TWh). To read this article:
Court Grants Partial Summary Judgment in Fraud Case Against Advisor and Two Advisory Firms
(HedgeCo.Net) The United States District Court for the Northern District of Georgia granted in part and denied in part the SEC’s motion for partial summary judgment against Thomas Conrad, Jr. and two unregistered advisory firms he controlled, Financial Management Corporation […]
Papa John’s picks hedge fund Starboard over founder for investment
(Reuters) – Papa John’s International Inc unveiled an investment of up to $250 million from hedge fund Starboard Value LP on Monday, snubbing a rival offer from founder John Schnatter, who is seeking to regain control of the world’s third […]
Outperformance by active fund managers plummets in 2018
(Hedgeweek) Far fewer active fund managers outperformed their benchmarks in 2018, according to an analysis of 15 key equity and bond fund segments by Scope. In fact, under a quarter of active equity funds beat benchmarks in 2018 and just […]
Hedge Fund Bear Crispin Odey Made $18 Million Betting Against Wirecard
(Bloomberg) Hedge fund manager Crispin Odey’s winning run with his short-selling bets continued this week as wagers against digital payments company Wirecard AG paid off. Odey Asset Management made an estimated $18 million, at least on paper, on Wednesday when […]
Dollar Snaps Two-Week Losing Streak as Hedge Funds Grow Bullish
(Reuters) The dollar edged higher on Monday, breaking a two-week losing streak as strong U.S. jobs data propped up the greenback in a market broadly cautious on the outlook for risky assets. With much of Asia out on holidays this […]
Shorter CLO Reinvestment Periods Gain Favor
(Reuters) Some Collateralized Loan Obligation (CLO) managers are choosing to issue funds with shorter terms in order to counter rising spreads.Among the first eight CLOs issued this year, just three had a standard, five-year reinvestment; the time in which the […]
Starboard Value Is to Take Stake in Bristol-Myers Squibb
(Bloomberg) Starboard Value has taken a stake in Bristol-Myers Squibb, the pharmaceutical giant that agreed to acquire Celgene Corp. in a record $74 billion deal last month, according to people with knowledge of the matter. The size of the stake […]
Lyxor maintains overwight on merger arbitrage, says it should perform
(Opalesque) The dominance of speculative drivers early this year would keep on unsettling long fundamental strategies, either forcing to stay on the sidelines or to take reckless risks, Lyxor said in its weekly brief.”We downgraded L/S Equity strategies that show […]
Judge Allows Avianca Brasil to Keep Possession of Planes
(Reuters) Brazilian Airline Avianca Brasil, which filed for bankruptcy protection in December, said late on Friday that a judge had decided that it would be allowed to maintain its current fleet of planes under operation until at least April. The […]
Market Conditions Drive Fund Managers To Deviate From Traditional Investment Methods
(AlphaWeek) Fund managers diversify their strategies to reduce risk and to deliver new and reliable sources of return for end clients. To read this article:
SEC Obtains Fraud Judgment Against Co-Owner of Defunct New York-Based Investment Adviser
(HedgeCo.Net) The U.S. District Court for the Southern District of New York has entered a judgment against Andrew B. Scherr, the co-owner of Southport Lane Management, LLC, a now defunct New York-based private equity firm. The SEC charged Scherr in […]