Monthly Archives: March 2019
SEC Awards $50 Million to Two Whistleblowers
(HedgeCo.Net) The Securities and Exchange Commission today announced awards totaling $50 million to two whistleblowers whose high-quality information assisted the agency in bringing a successful enforcement action. One whistleblower received an award of $37 million and the other received an […]
Top Brazil Hedge Fund Doubles Down on State-Controlled Companies
(Bloomberg) One of Brazil’s top-performing fund managers has increased bets on the country’s largest state-controlled lender Banco do Brasil SA and state-owned utility Cia Energetica de Minas Gerais after recent underperformance.”These stocks have been lagging behind and are cheap, also […]
Ackman’s Fund Zooms Ahead as he Casts Himself as Corporate Helpmate
(Reuters) For months, activist investor William Ackman promised to rebuild his record. Now he has some numbers to prove it.Since Jan. 1, Pershing Square Holdings has gained 31.9 percent, making it the best start to a year in the firm’s […]
Captain Magic’ Clashes with Tycoon over $5 Billion Hedge Fund
(Bloomberg) Raffaele Costa’s two-month business relationship with an Asian real-estate tycoon has sparked a two-year fight in the London courts following claims that the hedge-fund manager exaggerated his supercomputer’s trading abilities. Costa’s Tyndaris Investments is suing Samathur Li Kin-kan for […]
Quants Are Grabbing the Calm Stocks that Hedge Funds Don’t Want
(Bloomberg) Quants are flocking to boring stocks as the strategy flips from high-flyer to laggard — while hedge funds that are snubbing placid securities outperform. Managers that follow quantitative strategies are loading up on low-volatility shares, a shift from their […]
Yields Below Zero Spell Trouble for Hedge Funds
(Bloomberg) Betting that government bond yields will rise is the trade that keeps on giving – giving pain, that is. With the U.S. Treasury market signaling that the world’s biggest economy may be heading into a recession, investors are once […]
Texas Land Trust Takes Step to Counter Activist Investor
(Reuters) Texas Pacific Land Trust, one of the biggest private landowners in Texas, on Monday took a first step in fighting back against a large investor which is seeking to install its own trustee and begin selling off the firm’s […]
Chicago’s Hometown Hedge Fund Grows Faster in New York
(Chicago Business) Citadel CEO Ken Griffin says he’s having second thoughts about moving the hedge fund firm’s headquarters to New York from Chicago, but Citadel’s center of gravity already is shifting toward the center of global finance. Citadel, which Griffin […]
Hedge Funds Beat the Stock Market Last Year for the First Time in Five Years
(Opalesque) The hedge fund industry is alive and while not doing well, is doing OK. The Back Story: The choppy waters of the fourth-quarter’s volatile markets were tough to navigate for most investors. Lo and behold: The ones who are […]
SEC Settles with Unregistered Public Shell Company Broker
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against recidivist James K. McKillop for acting as an unregistered broker and for failing to timely file required beneficial ownership forms in connection with his position at Tiber Creek Corp. The […]
Worldwide investment fund assets down 5.7 per cent in final quarter of 2018
(Hedgeweek) Worldwide investment fund assets decreased by 5.7 per cent to EUR43.99 trillion at the end of Q4 2018, according to the European Fund and Asset Management Association’s (EFAMA) latest International Quarterly Statistical Release. To read this article:
Hedge Funds Boost Shorts as Gains in March Reward Caution
(Bloomberg) The skepticism of hedge funds in the face of this year’s gravity-defying stock rally has been paying off this month. With net exposure at the lowest since 2017 as bearish positions expanded, equity long-short funds on Credit Suisse Group […]
