Monthly Archives: March 2018
The CEO of the Hyped Trading Startup Algomi Has Left the Building
(The Business Insider) Stu Taylor, the CEO of the hyped bond-trading startup Algomi, has left the firm. The firm runs the Honeycomb Network, a platform that lets investors see which dealer is best placed to make corporate bond trades happen. […]
Hedge Fund Finds Trade War Safe Haven in Southern Europe Stocks
(Bloomberg) Last year’s rally in southern European equity markets has more room to run. So says Joseph Oughourlian, the founder and managing partner of London-based hedge fund Amber Capital, who sees upside in local stocks he considers relatively immune to […]
Travelport Shares Jump 17 Percent as Hedge Fund Elliott Buys Stake
(Reuters) Shares of Travelport Worldwide Ltd (TVPT.N) jumped 17 percent on Monday after activist hedge fund Elliott Management Corp disclosed a large stake and said it might try to purchase the travel software company outright. The move is the latest […]
Hedge Fund Says Japanese Stocks Trading at `Remarkable Discount’
(Bloomberg) Japan’s long beaten-down stock market is winning over Dalton Investments. Belita Ong, chief executive officer of the hedge fund with $3.8 billion under management, said it’s one of her top three global picks. She also favors Indian and Chinese […]
Toshiba to Have More Options on Chip Deal as Meeting March Deadline Unlikely
(Reuters) Toshiba Corp (6502.T) looks set to have more options for its chip unit after China said it was still reviewing a proposed $18 billion acquisition by a Bain Capital-led consortium, making it highly unlikely that an imminent deadline for […]
Hedge Funds Cut Bullish Hog Wagers Days Before China Tariffs
(Bloomberg) Hedge funds made the right call on hogs this week. Money managers cut their bets on a rally to the lowest in more than two years in the week ending March 20. Three days later, China announced retaliatory tariffs […]
Balyasny Hedge Fund Firm Loses About 10 Macro Traders
(Bloomberg) Dmitry Balyasny’s hedge fund firm saw about 10 macro traders leave last week as two of its main multistrategy funds lost money this year and it moved to reduce costs. Some employees were cut from Balyasny Asset Management’s Anthem […]
Ackman Letter Reassures Fund Investors After Steady Losses
(New York Post) Bill Ackman is not having much luck digging himself out of a very deep hole. After noting that returns of his hedge fund, Pershing Square Capital, have been “particularly unsatisfactory” — as in down 4 percent last […]
Remington bankruptcy is latest hit for Cerberus Capital
(New York Post) The long-anticipated Chapter 11 filing of Remington Outdoor, owned by Feinberg’s Cerberus Capital, is just the latest bit of trouble the investor has had in the sector. To read this article:
Deutsche Bank seeks to replace CEO with Goldman exec
(The Business Insider) Deutsche Bank is seeking to replace Chief Executive John Cryan amid an intensified boardroom row over the bank’s future and alarm at its performance, the Times newspaper reported on Monday. Germany’s largest bank has approached Richard Gnodde, […]
How Transaction Speed Affects the Crypto World
(Harvest) Investing in value stocks has always been one of the favorite ways to build extra wealth for many people. In recent times, however, crypto currencies have taken over. Since 2017, the value of all crypto currencies rose from less […]
Australian Hedge Fund Veterans Launch Asian Funds Management Business
(Opalesque) Matthias Knab, Opalesque for New Managers: LSL Partners, a new boutique funds management company, has launched in Sydney today. It will be constructing alternative investment products focusing on the Asian region for Australian and international investors. Based in Sydney, […]