Monthly Archives: March 2017
Marlin Equity Partners Raises $3.25B For Two New Funds
(FINalternatives) Global investment firm Marlin Equity Partners has raised a total of $3.25 billion in capital commitments for two new fund vehicles, closing both at their hard caps and well above their respective targets. To read this article:
Biogen Wins Ruling in Tecfidera IP Case; Shares Rise
(Reuters) Biogen Inc on Tuesday won an intellectual property rights ruling against hedge fund manager Kyle Bass over its top multiple sclerosis pill, Tecfidera, pushing shares up more than 1 percent on a day when most U.S. stocks were down. […]
Englander Said to Leave Citigroup to Join Hedge Fund Firm Rafiki
(Bloomberg) Steven Englander resigned as global head of Group-of-10 currency strategy at Citigroup Inc. to join Hong Kong-based hedge fund Rafiki Capital Management, according to people familiar with the matter. Englander will join Rafiki Capital as head of research and […]
Hedge Fund Managers Could Save Billions From Border-Adjustment Tax
(HITC Business) Hedge fund fees, which were previously taxed as income at rates as high as 45 percent, could be completely exempt from taxation. A hidden beneficiary from the border-adjustment tax could be hedge fund managers, who might see a […]
The world’s largest hedge fund just published a 61-page paper on populism
(Business Insider) Bridgewater Associates, the world’s largest hedge fund, on Wednesday published a 61-page research paper on populism, which it considers the most important issue in the world today.”Populism has surged in recent years and is currently at its highest […]
NY Hedge Fund Manager Makes Peace With Canada
(Dealbreaker) A year and a half ago, the Mounties launched a legal raid on Saba Capital, the New York hedge fund run by former Deutsche Bank wunderkind (it’s true; they used to have those, and even they lost the bank […]
Brokerage Firm Paying Penalty for Compliance and Trading Surveillance Failures
(HedgeCo.Net) The Securities and Exchange Commission has announced that 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 […]
Stocks Expensive, But Higher Bond Yields Needed To Trigger Bear Market
(FINalternatives) World stocks are their most expensive in 17 years an equity bear market won’t be triggered until bond yields rise to much higher levels, according to a Reuters survey of global fund managers released on Tuesday. To read this […]
Goldman, Morgan Stanley Signal London Job Moves Ahead of Brexit
(Bloomberg) Senior Goldman Sachs Group Inc. and Morgan Stanley executives said they’re preparing to shift staff and operations from London to elsewhere in the European Union as Prime Minister Theresa May sets up the U.K.’s exit from the bloc. A […]
Värde Partners Raises $1.74bn for Twelfth Fund
(FINalternatives) Global alternative investment manager Värde Partners has raised $1.74 billion in committed capital for its twelfth buyout fund. The new fund, named Värde Fund XII closed with $1.74 billion of committed capital, the company said in a statement. As […]
May River Capital Closes Oversubscribed Debut Fund At $165M
(FINalternatives)Private equity company May River Capital has raised $165 million in capital commitments for its inaugural buyout fund. To read this article:
Rumors That Hedge Fund Elliott Has Bought Hyundai Motor Stake Not True
(Reuters) Market rumours that U.S. activist hedge fund Elliott Management Corp has acquired a stake in South Korea’s Hyundai Motor Co are not true, a person familiar with the matter told Reuters on Tuesday. Hyundai shares rose 8.6 percent on […]