Monthly Archives: February 2018
Leo Civitillo, Morgan Stanley Debt Capital Markets Head, Dies at 43
(Bloomberg) Leo Civitillo, the global head of fixed-income capital markets at Morgan Stanley, has died. He was 43. To read this article:
One of the Most Senior Women in the Hedge Fund Business Identified the Problem Almost Every Fund Has
(The Business Insider) Dominique Mielle was one of the hedge-fund industry’s most senior women, working at $20 billion Canyon Capital for 20 years…Hedge funds are facing a performance problem – one that could be improved if hedge funds included more […]
Hedge Fund Manager Palomba Leaves Citadel After Losses
(Bloomberg) Hedge fund manager Uberto Palomba has left Citadel LLC after suffering losses on a Hungarian trade, according to a person with knowledge of the matter. Palomba quit the firm this month after losing money in January and a negative […]
US Top Court Rejects Investor Appeals Over Fannie Mae, Freddie Mac
UUS Top Court Rejects Investor Appeals Over Fannie Mae, Freddie Mac Reuters posted on Wed 21 Feb 2018 Permalink Print The U.S. Supreme Court on Tuesday declined to revive litigation in which shareholders accused the federal government of overstepping its […]
BlackRock’s Low-Fee Hedge Fund Lures Cash Though Returns Shrink
(Bloomberg) The world’s largest asset manager is betting that attracting new money will make up for revenue lost to low fees as investors clamor for the cheapest investment products. It’s a strategy that started with the firm’s exchange-trade funds business…. […]
BlackRock Suddenly a Lot More Bullish on US Stocks With Tax Cuts ‘Supercharging’ Profits
(CNBC) BlackRock strategists have turned increasingly bullish on U.S. stocks, raising them to overweight because fiscal stimulus is “supercharging U.S. earnings growth expectations.” Kate Moore, BlackRock’s chief equity strategist, said that the firm thinks “the fundamental story is the best […]
Qualcomm Deals Blow to Broadcom’s Bid With Sweetened NXP Deal
(Reuters) U.S. semiconductor company Qualcomm on Tuesday unveiled a sweetened $44 billion agreement to acquire NXP Semiconductors NV , its most defiant move in its defense against a hostile $121 billion bid from Broadcom Ltd…. To read this article:
Endowments Should Scale Back Hedge Fund Holdings, Commonfund’s CEO Says
(Bloomberg) Large U.S. endowments should trim hedge fund holdings to 10 percent of their portfolios to protect against market downturns, said Catherine Ann Keating, chief executive officer of money manager Commonfund. “There is a lot of equity risk in the […]
Deutsche Bank to Repay Misled Customers
(HedgeCo.Net) The Securities and Exchange Commission has instituted an enforcement action against Deutsche Bank Securities Inc., which has agreed to repay more than $3.7 million to customers, which includes $1.48 million that was ordered as disgorgement. The SEC’s investigation found […]
CTAs Drag Down Hedge Fund Returns
(Hedgeweek) The market reversal in early February took a heavy toll on CTAs and they are down almost 5 per cent on a month to date basis, according to the Lyxor CTA index. To read this article:
TCW claims it fired female fund manager for compliance violations
(The Business Insider) Portfolio manager Sara Tirschwell, who claims she was fired from TCW Group Inc in retaliation for complaining about sexual harassment, was terminated for violating company compliance policies, the asset management firm said in court papers on Tuesday. […]
Hedge Funds Raise Bets Against H&M After Worst Year Since 2000
(Bloomberg) Hennes & Mauritz AB shares plunged 33 percent in 2017, marking their worst year since the beginning of this century. But short trading data shows hedge funds are expecting the Swedish fashion retailer to keep falling. Short interest in […]