Monthly Archives: March 2017
Four Bondholders Sue Peabody Energy, Hedge Funds Over Stock Sale
(Reuters) Four individual investors of Peabody Energy Corp are accusing the company, certain hedge funds and other parties involved in the coal producer’s Chapter 11 bankruptcy of breaching their fiduciary duties, according to a lawsuit filed on Thursday. The four […]
Man Group Names Michelle Mccloskey President Of Man Americas
(Reuters) British hedge fund Man Group Plc named Michelle McCloskey as president of Man Americas. Michelle, who joined Man Group in 2006, will also be on Man Group’s executive committee and remain closely involved with Man FRM, which provides investment […]
Gemini Wins Two Industry Awards for Hedge Fund Administration
(Yahoo) Gemini representatives accepted the “Best Administrator-Technology” awards at the Alt Credit U.S. Performance Awards 2017 and CTA Intelligence U.S. Performance Awards 2017 galas, held in New York City. The awards won by Gemini are given to managed futures service […]
Utility-Focused Hedge Fund Electron Capital Hires Melloul From TIAA
(Reuters) Hedge fund Electron Capital Partners, which invests in global utilities and infrastructure companies, has hired Eric Melloul as a partner from financial services company TIAA, a person familiar with the move said on Thursday. Melloul, who joins the $610 […]
AIG CEO to Resign After Dismal Earnings, Successor Unclear
(Reuters) American International Group Inc (AIG.N) said on Thursday its Chief Executive Peter Hancock will step down, a decision he made after poor financial performance frustrated shareholders and the insurer’s board of directors. Hancock, 58, will remain as CEO until […]
Hedge Fund Industry Forms Working Group to Focus on Data Management
(FINalternatives) A new hedge fund industry working group, formed to focus on data management, quality consistency and cost reduction, has officially launched. The new group, named The Data Management Working Group for the Alternatives Industry (DMWGAI), met in New York […]
Hedge Funds May Be in for Another Tough Year
(CNBC) Years of mediocre returns and high fees are coming home to roost. Clients withdrew $70 billion from the industry last year, the largest outflow since 2009, according to Hedge Fund Research. Just over half the respondents in Deutsche Bank’s […]
Credit Suisse Survey – Changing the Hedge Fund Mix
(Harvest) The latest Credit Suisse hedge fund survey for 2017 provides a detailed review of where there is the most investor demand for hedge fund strategies. Number one is global macro based on a desire to have greater portfolio diversification. […]
Why Passive Investing Is an Excellent Default Choice – an Active Investor’s View
(Harvest) Passive investing – replicating the market’s returns through low-cost index funds or exchange-traded funds (ETFs) – has finally gained a meaningful share of the market. However there are still many investors who attempt to beat the market by investing […]
SEC Looks for Options to Modernize Financial Disclosures
(HedgeCo.Net) Getting access to all exhibits and complete company filings can sometimes be a challenge.The Securities and Exchange Commission has voted to adopt rule and form amendments to make it easier for investors and other market participants to find and […]
Trump SEC Pick Made Millions Representing Banks, Hedge Funds
(Bloomberg) President Donald Trump’s pick to lead the Securities and Exchange Commission has earned $7.62 million since 2015 representing some of Wall Street’s biggest firms, including Goldman Sachs Group Inc. and Bill Ackman’s Pershing Square Capital Management, according to a […]
This $430bn Wealth Manager Says to Pass on UK Stocks
(Bloomberg) In a world where investors are betting on stocks tied to economic growth, the U.K. equity market is not the place to be. According to RBC Wealth Management, British stocks will miss out as traders push equities higher on […]