Monthly Archives: February 2017
New Hedge Fund Gearing up for One of This Year’s Biggest Launches
(The Business Insider) A former Citadel money manager is gearing up for one of this year’s biggest hedge fund launches. Brandon Haley’s Holocene Advisors is planning to launch with about $1 billion on April 3.. To read this article
Valeant-Related Lawsuit Against Sequoia Fund Dismissed
(Reuters) – A New York state judge has dismissed a lawsuit accusing the Sequoia Fund, known for its ties to Warren Buffett, of recklessly making a huge, disastrous investment in Valeant Pharmaceuticals International, causing billions of dollars of losses. To […]
Fatter Company Profits May Extend Emerging Equity Rally
(Reuters) Emerging market equities have a spring in their step as an upswing in company profits extends a year-long 40 percent rally in the sector and allows investors to look past the threat of a global trade war. MSCI’s emerging […]
Platinum Partners Saga Reignites Concerns About Cayman ‘Beach Boards’
(Reuters) Criminal charges against top executives of $1.4 billion hedge fund manager Platinum Partners, which drew five of its six independent directors from firms in the Cayman Islands, for allegedly running the firm “like a Ponzi scheme” have revived an […]
A Hedge Fund’s French Showdown
(Bloomberg) Safran SA has launched a weak counter-attack against hedge fund TCI Fund Management Ltd.’s opposition to its proposed 9.7 billion euro ($10.3 billion) takeover of Zodiac Aerospace. The French jet engine maker is still short on strategic and financial […]
A hedge fund millionaire took a stand for his anti-Trump beliefs, and he could lose his job
(Businesss Insider) Speaking out against your boss is never easy. And it’s especially difficult when your boss is a billionaire Wall Streeter. But that hasn’t stopped David Magerman from voicing his disagreements with his boss on President Trump. Magerman is […]
Nvidia shares at a 3-month low as hedge funds short the stock like crazy
(Yahoo) Shares of Nvidia (NVDA), which gained over 200% in 2016, are now trading at a three-month low after a 9% drop on Thursday.This drop in shares of the chipmaker came after a downgrade of the stock from Romit Shah […]
A Hedge Fund Giant in Samsung Empire Finds Hurdles Close to Home
(Bloomberg) For Samsung’s $1 billion hedge fund, the looming presence of Samsung Electronics Co. — and even the Korean conglomerate’s name — can be part of the challenge. Samsung Hedge Asset Management Co. rose 3.4 percent last year for its […]
Berkshire Profit Climbs 15% to $6.29 Billion on Investments
(Bloomberg) Warren Buffett’s Berkshire Hathaway Inc. said fourth-quarter profit rose 15 percent, fueled by a gain on an investment in Dow Chemical Co. Net income increased to $6.29 billion, or $3,823 a share, from $5.48 billion, or $3,333….. To read […]
Brokerage Firm Paying Penalty for Compliance and Trading Surveillance Failures
(HedgeCo.NET) A New York-based brokerage firm has agreed to pay a $100,000 penalty to settle charges of compliance and trading surveillance failures. Federal securities laws require firms to enforce policies and procedures to prevent the misuse of material, nonpublic information […]
Hedge Funds Continue to Chase the Herd With Record Momentum Bets
(Bloomberg) Hedge funds can’t get enough of momentum — even if it means embracing an investing strategy they hate. Loosely defined as betting on shares that went up the fastest over the preceding nine-to-12 months, hedge funds are the most […]
State Street: Investment Firms Must Embrace The ‘3 I’s Of Data’ To Remain Competitive
(FINalternatives) Despite the rapidly accelerating pace of digital innovation in the financial sector, many investment firms remain digital laggards and are embracing new technologies slowly when compared to their peers, according to recent research from State Street. To read this […]