Monthly Archives: March 2018
ETF Investors Outsmart Hedge Funds Who Miss Out as Gold Rebounds
(Bloomberg) Hedge funds could learn a thing or two from exchange-traded fund holders, at least as far as the gold market is concerned. As a trade war between the U.S. and China broke out, bullion futures posted their best weekly […]
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 […]
Goldman Alumni Set Up $1bn Macro Fund With Focus on Commodities
(Reuters) Jonathan Goldberg, the founder of one of the world’s largest energy-focused hedge funds BBL Commodities, is launching a new $1 billion macro fund with his former Goldman Sachs colleague Ben Jacobs that will trade currencies and equity indices based […]
Ackman Exits Nike Stake With $100m in Profit
(Reuters) Investor William Ackman has stepped out of his Nike (NKE.N) sneakers, at least in a financial sense.The billionaire investor’s hedge fund Pershing Square Capital Management earned roughly $100 million in profit when it cashed out of its 0.71 percent […]
Hot Hedge Fund Coatue Hires Ex-Och-Ziff Executive
(Reuters) James Keith “JK” Brown, a top hedge fund marketer who left Och-Ziff Capital Management Group LLC last year, is set to join Coatue Management LLC to lead its investor relations unit, according to a person familiar with the situation. […]
This Hedge Fund Made a Big Bet on MuleSoft Months Before Takeout
(Bloomberg) Salesforce.com Inc.’s $6.5 billion purchase of MuleSoft Inc. marked a big win for a small hedge fund whose stake in the cloud-software maker at one point represented 20 percent of its holdings.Christopher Devlin, manager of the $47 million Lynchburg, […]
Toshiba’s $18 Bln Chip Unit Sale Faces Tight Deadline, IPO Looms
(Reuters) Japan’s Toshiba Corp faces a Friday deadline to win Chinese antitrust approval to sell its prized $18 billion memory-chip business by end-March, raising the possibility the deadline may be missed and that it will seek alternatives such as an […]
Trump Slams China With Tariffs On $50 billion Worth Of Goods
(The Business Insider) President Donald Trump announces that the US will soon impose tariffs on billions of dollars of imports from China, a move that could eventually trigger a trade war. The tariffs, which function as taxes on imports, come […]
Theranos, CEO Holmes, and Former President Balwani Charged With Massive Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Silicon Valley-based private company Theranos Inc., its founder and CEO Elizabeth Holmes, and its former President Ramesh “Sunny” Balwani with raising more than $700 million from investors through an elaborate, years-long fraud […]
Hedge Fund Arbs Place Their Vote In $9 Billion Nail-Biter
(Bloomberg) GKN Plc’s shareholders owe Melrose Industries Plc a debt of gratitude for its hostile bid. But that doesn’t oblige them to accept a takeover offer from the industrial turnaround specialist that still looks too low compared to what the […]
This Hedge Fund Made a Big Bet on MuleSoft Months Before Takeout
(Bloomberg) Salesforce.com Inc.’s $6.5 billion purchase of MuleSoft Inc. marked a big win for a small hedge fund whose stake in the cloud-software maker at one point represented 20 percent of its holdings. Christopher Devlin, manager of the $47 million […]
Volatile Volatility Leaves Europe’s Investment Banks Whipsawed
(Bloomberg) Europe’s investment banks were upbeat after a spike in volatility at the start of the year promised to revive their battered trading units. By Wednesday, their exuberance had disappeared as quickly as it came. Deutsche Bank AG cautioned that […]