Monthly Archives: February 2019
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 […]
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 […]