Monthly Archives: March 2019
Funds Industry Grows in Cayman
(Opalesque) Fund assets under management in Cayman are rising and delegates at the recent Opalesque Cayman Roundtable suggest that Brexit could be a positive for the local investment funds industry.According to the recently released Investments Statistical Digest from CIMA, there […]
SEC Charges College Official for Fraudulently Concealing Financial Troubles From Municipal Bond Investors
(HedgeCo.Net)The Securities and Exchange Commission has charged the former controller of a New York-based not-for-profit college with defrauding municipal securities investors by fraudulently concealing the college’s deteriorating finances. According to the SEC’s complaint, in recent years, the College of New […]
Magellan Health nears board deal with hedge fund Starboard Value
(Reuters) – U.S. healthcare plan and pharmacy benefits manager Magellan Health Inc is nearing an agreement with Starboard Value LP to expand the size of its board by several seats, including a representative from the activist hedge fund, three sources […]
Most hedge fund strategies stand in positive territory month-to-date, says Lyxor
(Hedgeweek) The performance of every hedge fund strategy and sub-strategy was in positive territory last week (12-19 March), with Special Situation and Global Macro strategies outperforming, up +0.8 per cent, according to the latest Weekly Brief from Lyxor’s Cross Asset […]
Global investment fund assets down 5.7% in Q4 2018
(Opalesque) Worldwide investment fund assets fell 5.7% to EUR43.99tn in the last quarter of 2018 as volatility in financial markets rose.According to the European Fund and Asset Management Association’s (EFAMA) latest quarterly statistical report, global fund assets, in US dollar […]
Investment Adviser Charged With Stealing Millions From Private Fund
(HedgeCo.Net) The Securities and Exchange Commission has revoked the registration of a Seattle area-based registered investment adviser and barred its principal from the securities industry for stealing money from a private fund the adviser managed. The remaining assets will be […]
Greek Tragedy for This Hedge Fund Is Not Enough Stocks to Buy
(Bloomberg) Amber Capital is so bullish on Greece that it only wishes there were more stocks it could buy.“I’m super optimistic about the Greek economy,” Joseph Oughourlian, who founded the $1.8 billion asset manager in 2005, said in an interview […]
Jamaica’s Mining Revival Turns Red Earth to Gold for Hedge Funds
(Bloomberg) There’s nothing new-fangled about bauxite mining in Jamaica.The railcars that shuttle thousands of tons of ore from the hills to Discovery Bay on the island’s picturesque north coast are the very same ones used by the once-giant American company […]
Ex-Goldman Trader’s Hedge Fund Returns Clients’ Cash
(Bloomberg) One of Asia’s best known hedge-fund managers is returning investors’ money and turning his firm into a family office, according to people familiar with the matter. Morgan Sze, who launched Azentus Capital Management Ltd. in 2011, has so far […]
Hedge Fund Manager Says Stock Price Gap Is Chance of Decade
(Bloomberg) The stock market’s near-historic gulf between the priciest and cheapest stocks creates the opportunity of a decade for investors, according to a portfolio manager at the Julius Baer Group Ltd.-controlled Kairos Investment Management Ltd. Even as this year’s rally […]
Hedge Fund Accuses Insurer of Shady Tactics by Expanding Board
(New York Post) A San Francisco-based hedge fund is calling out an insurance company for expanding its board in a transparent attempt to thwart its attack. Voce Capital, which owns 5.6 percent of Argo Group, called for the insurer to […]
Eze Eclipse Adds Short Locate Functionality to Eze Eclipse
(Hedgeweek) SS&C Eze has added its Locate feature – a fully-integrated tool that automates the locate process for short orders – to Eze Eclipse.Locate ensures that Eze Eclipse users are able to see indicative rates across their connected counterparties, automating […]
