Monthly Archives: March 2017
Activist investor Sarissa Takes Aim At Innoviva CEO Compensation
(FINalternatives) Alex Denner’s activist hedge fund Sarissa Capital Management is seeking a sharp reduction in the compensation of Innoviva’s chief executive Michael Aguiar, the latest salvo by the investment manager in its proxy fight against the drug company. To read […]
Platinum Fraud Charges Shine Light On Cayman Director Responsibilities
(Reuters) Investment-fund boards of directors have a critical responsibility to be an “independent watchdog” on behalf of investors. For most U.S. retail investors, mutual-fund directors of mutual funds are held to strict standards under the Investment Company Act of 1940 […]
Activist investor Sarissa Seeks Innoviva CEO Pay Cut
(Reuters) Hedge fund Sarissa Capital Management LP on Thursday sought a sharp cut in the compensation of Innoviva Inc’s chief executive, the latest salvo by the activist investor in its proxy fight against the drug company. Sarissa has nominated three […]
Hedge Fund Pioneer’s Investing Advice for Kids: Learn Coding
(Bloomberg) David Siegel has some advice for kids with an appetite for investing — they should start from Scratch. Siegel, the quantitative hedge-fund pioneer and co-chairman of Two Sigma, was at the Scratch Foundation benefit Wednesday night at the event […]
Pimco Hires Former Blackstone Senior Managing Director Greg Hall
(Reuters) Pacific Investment Management Co on Thursday said it had hired Gregory Hall as a managing director and head of private strategies. As part of the job, Hall will manage a number of private-equity funds invested in real estate, distressed […]
Catella Nordic Long Short Equity Named Best Fund
(Marketwatch) Catella Nordic Long Short Equity was Yesterday Evening Named the “Best Performing Fund Over a 2 year Period” at The Hedge Fund Journal Awards in London… To read this article:
SEI Drops Two Subadvisors And Looks to Liquidate Fund
(Citywire) SEI has cut a subadvisor from its $7.8 billion SEI World Equity ex-US fund and another from its $1.7 billion SEI Small/Mid Cap Equity fund. SEI has dropped subadvisors from two funds and set out plans to liquidate a […]
Sears and its Hedge Fund Owner, in Slow Decline Together
(CNBC) Hedge funds have been failing over the past year at the fastest rate since the financial crisis in 2008. Some crashed and burned after sudden reversals. Others quietly liquidated. Then there’s Edward S. Lampert’s ESL Investments. It hasn’t failed, […]
Brexit Begins: Implications for Investors
(Harvest) We caution investors on sterling and UK gilts as Brexit negotiations commence and the likelihood of a “hard Brexit” remains high. As widely expected, Theresa May, the UK prime minister, has formally triggered the country’s departure from the European […]
No one Knows How Big Managed Futures Is
(Valuewalk) Trying to decipher the assets under management for the Managed Futures industry is enough to give anyone a headache. At first glance, it appears the Barclayhedge CTA Index recorded $13.3 Billion in inflows in 2016, enough to push the […]
rend-following, Portfolio Insurance, and Market Selling Pressure
(Harvest) A recent FT article, “Rise in the new form of ‘portfolio insurance’ sparks fear – Popularity of trend-following funds – and their promises – carry echoes for some of 1987 crash ” focused on the threat of trend-following to […]
SEC Halts Boiler Room Scheme Involving State Lottery Tickets
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against a Florida-based company, its CEO, and its top sales agent accused of conducting a boiler room scheme that solicits investments in a business purportedly facilitating online and cell phone sales […]