Monthly Archives: March 2017
The Case for a New Super Hedge Fund
(Valuewalk) In a research paper first published in the Delaware Journal of Corporate Law Dean and Professor of Law Sharon Hannes looks at the idea of a “Super Hedge Fund”, which would ideally maintain the benefits of hedge fund activism, […]
Dan Loeb’s Third Point is Looking to Win Fresh Money
(The Business Insider) The fund opened to new money around six months ago, according to people familiar with the matter. The minimum investment is $10 million for those investing directly…..Third Point infrequently opens to fresh money. The last time the […]
Why Fixed-Income Investors Shouldn’t Fret About Fed Tightening
(Harvest) The markets were widely anticipating the US Federal Reserve (Fed) would raise interest rates at its March policy meeting, and the Fed delivered, increasing its key short-term lending rate—the Federal funds rate—for the second time in three months. The […]
Wall Street Expects Two More Rate Hikes This Year, 3 in 2018
(FINalternatives) Following the U.S. Federal Reserve’s widely-expected decision Wednesday to hike U.S. interest rates for the second time in three months, Wall Street’s top banks see two additional rises this year and most expect at least three more in 2018, […]
Firms Charged in Alleged Layering, Manipulation Schemes
(HedgeCo.Net) Fraud charges have been filed against a trading firm accused of manipulating the U.S. markets hundreds of thousands of times and the New York-based brokerage firm and CEO who allegedly helped make it possible. A complaint filed by the […]
Bill Ackman Can Run But he Can’t Escape Valeant Lawsuit
(New York Post) Bill Ackman may have sold his stake in Valeant Pharmaceuticals but he can’t kick the habit as lawsuits continue. On Wednesday, California US District Judge David Carter permitted Allergan shareholders to pursue their case against Ackman’s Pershing […]
Activist Investor Starboard Exits Macy’s Stock
(Reuters) Starboard Value LP, the activist hedge fund that had pressured Macy’s Inc to separate its real estate from its retail business, has sold its stake in the U.S. department store operator, people familiar with the matter said on Wednesday. […]
Hedge Funds’ Lost Alpha Sends $750 Million Fund as Far as Seoul
(Bloomberg) As many hedge funds suffer from a prolonged bout of weak returns, one New York money manager says he’s found an antidote on the other side of the world. For Andrew Tsai, chief investment officer of the $750 million […]
Steve Cohen Is Trying to Teach Computers to Think Like Top Traders
(Bloomberg) Steven A. Cohen got rich by going with his gut on big trades. Now the billionaire trader is experimenting with another path: automating the decisions of his best money managers. Cohen’s Point72 Asset Management, which oversees his $11 billion […]
Hedge Funds to Reap Big Stock Gains from Bankruptcy of Coal Miner Peabody
(Reuters) When leading U.S. coal miner Peabody Energy Corp emerges from bankruptcy next month, a group of seven investment funds could reap hundreds of millions of dollars in gains from an unusual sale of discounted company stock. Six hedge funds […]
Auditor Charged With Insider Trading on Client’s Nonpublic Information
(HedgeCo.Net) An auditor based in the Silicon Valley has agreed to settle charges that he traded on inside information about a client on the verge of a merger. The SEC’s order finds that through his work at an independent audit […]
The 25 Highest-Earning Hedge Fund Managers and Traders Of 2016
(Forbes) Both a quantitative trading genius and a trader who recently stopped managing client money top Forbes’ list of the 25 highest-earning hedge fund managers and traders of 2016. James Simons and Michael Platt each personally made an estimated $1.5 […]