Monthly Archives: March 2019
BNP Wins Dismissal of $186 Million ‘Fat-Finger’ Trader Suit
HF (Bloomberg) BNP Paribas SA won dismissal of a German lawsuit by a trader seeking 163 million euros ($186 million) for a “fat-finger” mistake in a 2015 transaction. The Frankfurt Regional Court on Feb. 26 ruled it can’t look into […]
Paul Singer Ready to Mow Down Antagonists in His New 18-Wheelers
(Dealbreaker) It’s shaping up to be quite a week for Paul Singer & co. His Elliott Management is on the verge of securing some board seats at eBay, which board seats may eventually secure the blowing up of the whole […]
NYSE Dumps Bots for Humans to Make ETF Trading Smoother
(Bloomberg) The New York Stock Exchange is preparing to hand human traders a bigger role making markets for exchange-traded funds. The exchange plans to allow bond, commodity and currency ETFs to list on its main floor as soon as August, […]
Hedge Fund Industry Is Still Mostly Men, New Data Shows
(New York Post) The hedge fund industry is still dominated by suits, new industry data shows. Less than one in five hedge fund professionals are women, according to a report released by Preqin on Thursday. And the number drops to […]
Senior Hedge Fund Traders Can Probably Expect a Pay Cut in 2019
(eFinancial) Despite an extremely difficult fourth quarter, hedge funds were able to squeeze out a slightly bigger bonus pool for employees in 2018. Cash and long-term equity incentives were up 2% last year compared to 2017, according to a new […]
CTAs regain some lost ground
(Hedgeweek) Hedge funds were up 0.4 per cent last week as measured by HFRX indices and are up 0.6 per cent so far in February, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team. To read this […]
Summary Judgement Issued in Fraud Case Against Former Investment Adviser
(HedgeCo.Net) The Securities and Exchange Commission announced today the entry of a final judgment against James S. Polese, a former investment adviser at a large financial institution who was charged with misappropriating client funds. On January 31, 2018, the Commission […]
Hedge Funds 2019 Outlook Report
(Hedgeweek) With some much welcomed market volatility in Q4 2018, 2019 could well shape up to be a year for the active trader and give hedge funds a chance to reinforce their value proposition to investors. To get a steer […]
Pangea Blockchain Fund closes $22m seed round
(Hedgeweek) Pangea Blockchain Fund has held the close of its seed round and debuted its inaugural International fund focussed on transformative blockchain solutions. To read this article:
Hedge funds record best January since 2006
(Hedgeweek) The Eurekahedge Hedge Fund Index rose 2.35 per cent in January 2019, recording its strongest January performance since 2006 as fund managers recovered from the losses sustained during the last few months of 2018. To read this article:
Hedge Fund Titan Ray Dalio Has Lowered His Odds of US Recession before 2020 Election
(FXstreet) Ray Dalio, the founder of $160 billion Bridgewater Associates, is less concerned that before about the odds of the US entering recession before the 2020 presidential election. “I still expect that there will be a significant slowing of growth […]
Never Before Has the Fate of Hedge Funds Turned on So Few Stocks
(Bloomberg) As a group, hedge funds have been backing away from the stock market even as its dramatic rally added trillions of dollars to share values since Christmas. But one aspect of their faith is rising: the belief that the […]