Monthly Archives: February 2017
Ex-Forex Traders Get Jail Time for Cheating Banks
(Bloomberg) Two former currency traders from Deutsche Bank AG and HSBC Holdings Plc were sentenced to jail terms of as long as 15 weeks for cheating the banks by making false trades. Former HSBC senior dealer Ivan Chng was sentenced […]
SEC Charges Company and Officers With Defrauding Investors
(HedgeCo.NET) The Securities and Exchange Commission has charged a California-based penny stock company and four corporate officers with misleading investors about the research, development, and profitability of their purported business to manufacture power generation products such as fuel cells. The […]
Lyxor: Hedge Fund Index Gains 1% On Macro, CTA Strategies
(FINalternatives) Hedge funds have continued to benefit from a supportive earnings season in the U.S. and a general risk-on sentiment across the board, according to the latest edition of Lyxor Asset Management’s Weekly Brief. To read this article:
JANA Partners Inks Deal With Tiffany & Co. For Three Board Seats
(FINalternatives) Barry Rosenstein’s activist hedge fund JANA Partners has struck a surprise deal with Tiffany & Co. in which the luxury retailer will add three directors to its 10-seat board. To read this article:
Global Prime Partners Launches Structured Products Unit
(FINalternatives) London-based Global Prime Partners has launched a structured products division that will provide clients with streamlined access to top issuers along with custom technology and customer service. To read this article:
Investors are Charging into Emerging Market ETFs
(Bloomberg) U.S. President Donald Trump has supported many policies that could harm emerging market economies. But investors are betting that his bark will turn out to be worse than his bite. More than $7 billion has poured into exchange-traded funds […]
Gotham Hedge Fund Explores Shifting Fees to Tie Pay to Returns
(Bloomberg) Gotham Asset Management, the $6 billion money manager run by Joel Greenblatt and Robert Goldstein, is exploring a new fee structure that ties more of the fund’s pay to performance. The firm is in talks with some investors for […]
Hedge Funds Diverge on Gold, Silver Price
(Mining) Gold was drifting lower on Tuesday in brisk post-holiday trading in the US as the metal seeks direction after hitting three-month highs earlier this month. Gold for delivery in April, the most active contract on the Comex market in […]
Hedge Fund Veterans Team Up to Launch $300m Multi-strategy Manager
(Reuters) Rick Doucette, who spent 26 years at Weiss Multi-Strategy Advisers, and ex-UBS prime brokerage senior salesman Gerry Polizzi are planning a new multi-strategy hedge fund, they told Reuters.Doucette and Polizzi plan to launch Antecapio Investment Partners with $300 million […]
Icahn Buys Bristol-Myers Shares, Adding to Activist Pressure
(Reuters) Billionaire investor Carl Icahn has taken a stake in Bristol-Myers Squibb Co and sees the drugmaker as a possible takeover target, according to a report published on Tuesday that sent the company’s shares from a loss to more than […]
Wall Street Challenges US Regulator Over Proposed Commodities Rule
(Reuters) Wall Street is pushing back against a proposed rule to force U.S. banks like Goldman Sachs Group Inc to hold more capital against investments in commodities, placing what some see as an overly restrictive limit on banks’ ties to […]
Hedge Funds Can’t Sue Over Investments in Fannie and Freddie
(Bloomberg) Hedge funds largely failed in their legal challenge to the U.S. government’s capture of billions of dollars in profits generated by Fannie Mae and Freddie Mac after their bailout, sending shares of the mortgage guarantors plunging. Perry Capital LLC, […]