Monthly Archives: February 2019
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 […]
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 […]
Blackstone Reports Record Assets Despite 2018’s ‘Financial Hurricane’
(Pension & Investments) Blackstone Group reported a record $472.2 billion in assets under management as of Dec. 31, up 3% from the quarter ended Sept. 30 and 9% from the quarter ended Dec. 31, 2017, according to the alternative-investments firm’s […]
Where Some of the World’s Top Hedge Funds Will Invest in 2019
(Bloomberg) Macro managers, who have struggled for much of the last decade, are once again expecting a winning year. This time, they might be right. The main reason for optimism is the increased volatility in markets that began in 2018 […]
Activist Investor Paulson Raises Stake in Britain’s Premier Foods
(Reuters) Paulson & Co, the hedge fund firm led by billionaire investor John Paulson, has upped its overall interest in Britain’s Premier Foods Plc to 11.9 percent, a regulatory filing reut.rs/2WyWn6J showed on Friday. The activist investor’s move comes a […]
Billionaire Jim Simons Created the Ultimate, Tax-Free IRA for Employees
(Bloomberg) Renaissance Technologies, the giant hedge fund founded by billionaire Jim Simons, looks like it has created the premier, tax-free retirement account for its employees. A deft maneuver back in 2012 enabled employees to invest in RenTech’s storied Medallion Fund […]
U.S. Fund Investors Slash $13.5 bn of Stock Holdings in Last Week.
(Reuters) U.S.-based stock funds posted $13.5 billion of withdrawals in the week ended Wednesday, Lipper said on Thursday, as investors booked profits following the S&P 500 index’s best monthly performance since October 2015. To read this article: