Monthly Archives: February 2018
PAAMCO Gives Pensions New Vehicle to Bet on Hedge Funds
(Reuters) Asset management powerhouse Pacific Alternative Asset Management Company LLC (PAAMCO) is giving institutional investors like pension funds a new way to bet on stocks with big hedge fund managers. The firm plans on Thursday to roll out PAAMCO Select, […]
Hedge Fund Surges 119% on Bullish Valeant Bet
(Bloomberg) A bullish bet on Valeant Pharmaceuticals International Inc., the drugmaker that spurred losses for Bill Ackman’s investment firm, helped a San Francisco-based hedge fund to a 119 percent gain last year, according to a person familiar with the matter. […]
Active managers offer institutional funds to reduce fees, says Broadridge
(HedgeWeek) Institutionally priced funds gathered over USD600 billion of net new fund flows in 2017, according to data released today by Broadridge Financial Solutions. To read this article:
David Einhorn’s Hedge Fund Is Getting Crushed Because Of Ill-timed Bets Against Amazon, Tesla
(CNBC) David Einhorn’s Greenlight Capital missed out on the best January for stock investors in two decades. Greenlight Capital Offshore declined 6 percent in January, while the Greenlight Capital LP fund dropped 6.6 percent…. To read this article:
Greg Coffey, Is Prepping One Of The Largest Hedge Fund Launches Of 2018
(The Business Insider) Greg Coffey’s new fund, called Kirkoswald Capital Partners, is planning to launch within the next two months with $1 billion, according to an investor familiar with the plans. The fund aims to hard close at $2 billion, […]
Stocks May Tumble 10%, But Hang In There, $141bn Fund Says
(Bloomberg) Equity investors are in for a further stomach-churning down-draft, but it will pay off to stay the course, according to AMP Capital Investors Ltd. “It’s likely the pullback has further to go as investors adjust to more Fed tightening […]
SEC Halts Ongoing Fraud by Purported Hedge Fund Manager
(HedgeCo.Net) The Securities and Exchange Commission Friday charged a purported hedge fund manager in New York City with a brazen offering and investment adviser fraud thereby putting an end to an ongoing scheme. The SEC alleges that, since at least […]
Deer Park Road Draws SEC Probe Over Bond Valuations
(Bloomberg) Deer Park Road Management, the $2.2 billion hedge fund firm founded by Michael Craig-Scheckman, is being investigated by U.S. regulators over whether the hedge fund violated securities laws when valuing infrequently traded bonds, according to people familiar with the […]
Hess Plans $2.1 Billion Budget For Year, Unchanged From 2017
(Reuters) Hess Corp said on Wednesday it would spend $2.1 billion this year mostly in North Dakota and Guyana, keeping its budget unchanged from 2017 amid a battle over corporate strategy with activist investor Elliott Management Corp. To read this […]
Quants Bring AI and Blockchain Together in One Fund
(Bloomberg) A group of quantitative hedge fund traders long dreamed of bringing their artificial intelligence strategies to all. And now they have with the first exchange-traded fund to combine the worlds of AI and blockchain.The Innovation Shares NextGen Protocol ETF […]
Corvex Nominates Four Directors to Energen’s Board
(Reuters) Corvex Management LP kicked off its anticipated proxy challenge to Energen Corp on Wednesday, with the activist investor nominating four candidates to the oil and gas producer’s board of directors as it pushes for a sale of the company. […]
Capeview, AQR Among Hedge Funds Winners From Capita Share Slide
(Reuters) A steep fall in British outsourcer Capita’s share price on Wednesday provided a windfall for a small group of hedge funds, including CapeView Capital and computer-driven investor AQR Capital. Capita’s stock fell more than 45 percent after its chief […]