Monthly Archives: March 2017
Bill Gross and Pimco Settle Suit Over His Ouster
(New York Times) A bitter legal war between the bond investor William H. Gross and Pimco, the company he built into one of the biggest asset managers in the world, is over.A lawyer representing Mr. Gross filed a request in […]
Why Passive is a Risky Choice for Global Bonds
(Harvest) Passive global bond investors may be getting more than they bargained for—in terms of risk, that is. That’s because lower-yielding debt is over-represented in the benchmark, providing less buffer—and other types of risks may be locked in. Japan, for […]
Chicago Investment Adviser Accused of Scamming Elderly Investors Out of Millions of Dollars
(HedgeCo.Net) An emergency asset freeze and temporary restraining order has been filed against a Chicago-based investment adviser and his financial management company accused of scamming elderly investors out of millions of dollars. The SEC alleges that Daniel H. Glick and […]
Hedge Funds Are Training Their Computers to Think Like You
(Bloomberg) Hedge funds have been trying to teach computers to think like traders for years. Now, after many false dawns, an artificial intelligence technology called deep learning that loosely mimics the neurons in our brains is holding out promise for […]
Overseas Traders Paying Back All Profits in Insider Trading Case
(HedgeCo.Net) The Securities and Exchange Commission today announced that three Peruvian traders have agreed to settle a pending case alleging that they traded on nonpublic information prior to the merger of two mining companies. The SEC filed its complaint in […]
Investors File For Rehearing In Fannie/Freddie Profits Case
(FINalternatives) A group of investors, including recently shuttered hedge fund Perry Capital, have filed for a rehearing of a case on whether the U.S. government has improperly seized profits of mortgage giants Fannie Mae and Freddie Mac since 2012. To […]
EJF Capital To List New Alternative Credit Fund In London
(FINalternatives) Financial industry veteran Manny Friedman is planning to list a new vehicle in London that will invest in asset-backed securities and real estate opportunities made available through regulatory upheaval. To read this article:
Hedge Fund CEO Argues Case Against U.S. Before Appeals Court
(FINalternatives) A three-judge New York federal appeals court hears arguments regarding former Level Global CEO David Ganek’s accusations that the search warrant relied upon by the government when it raided his hedge fund in 2010 was improperly based on fabricated […]
Greenwich Global Hedge Fund Index up +1.01% in February
(Opalesque) Hedge fund managers took advantage of February’s bullish environment to extend their strong start to the year. The Greenwich Global Hedge Fund Index was up +1.01% as all but one of its constituent indices produced positive returns on the […]
Once Golden, Robert Rubin’s Hedge Fund Proteges Lose Some Luster
(Reuters) Learning to invest on Goldman Sachs’ risk arbitrage desk, made famous by leader Robert Rubin, was once seen as a fast track to fortune. But the band of hedge fund protégés who mastered their trade under the former Wall […]
38 Hedge Funds Buy (CMC) For The First Time
(Post Analyst) Institutional investors currently hold around $1.91 billion or 91.1% in CMC stock. Look at its top three institutional owners. Vanguard Group Inc owns $269.86 million in Commercial Metals Company, which represents roughly 12.38% of the company’s market cap […]
Hedge Fund Allocations Turn Positive In February, Says eVestment
(Hedgeweek) After a long string of redemptions, eVestment has reported positive sentiment in the hedge fund industry this month, with hedge funds netting an estimated USD7.9 billion in inflows in February.As a result, flows are now positive year-to date in […]