Monthly Archives: March 2018
Och-Ziff Executive to Start New Unit Under Fund Giant Millennium
(Reuters) An Och-Ziff Capital Management executive is leaving the company to run a new firm backed by global investment firm Millennium Management, according to two sources familiar with the matter, the latest move in the commodities fund industry after a […]
Weinstein Co. Burns Funds From Baupost to Highbridge
(Bloomberg) It seemed like a good idea at the time — buy an equity stake in an upstart film company founded by two gutsy New Yorkers with a knack for making money at the box office. That was in 2005 […]
Point72 Executive Says Sexism Case Belongs in U.S. Court, Not Arbitration
(Reuters) A female executive at Steven A. Cohen’s Point72 Asset Management LP on Wednesday urged a federal judge to reject the billionaire’s effort to move her claims of “pervasive” sexism at the hedge fund firm into arbitration. Point72 had contended […]
ILG Explores Merger with Apollo’s Diamond Resorts
(Reuters) ILG Inc (ILG.O), a U.S. provider of vacation timeshare properties, is exploring a merger with Apollo Global Management LLC’s (APO.N) Diamond Resorts International Inc as an alternative to a sale, people familiar with the matter said. The merger would […]
Starboard Nominees to Newell Board Withdraw after Icahn Move
(Reuters) Activist hedge fund Starboard Value LP said on Tuesday four of its nominees to Newell Brands Inc’s board withdrew, a day after the consumer products maker handed board seats to billionaire investor Carl Icahn.Starboard, the $8 billion hedge fund […]
John Paulson Returns Money From Gold, Special Situations Funds
(Bloomberg) John Paulson’s gold and special situations hedge funds are among those returning client capital as the firm narrows its focus after shedding almost $30 billion in assets. One of the firm’s Credit Opportunities funds is also forcing clients to […]
China A: Opportunity for Active Managers
(Harvest) Previously I explained that China A-Shares provide access to dynamic growth opportunities. Here, I’d like to explain why the China A-Share market structure and characteristics present unique opportunities for active managers. To read this article:
Rational Funds Converts Second Hedge Fund
(Hedgeweek) Rational Funds, a family of funds rooted in the investment philosophy of applying a rational approach to investing, has launched the Rational/NuWave Enhanced Market Opportunity Fund. The Fund is Rational Funds’ second hedge fund conversion and offers the same […]
AlphaCore Capital Launches New FactorE Wealthtech Tool
(Hedgeweek) AlphaCore Capital, a La Jolla-based wealth management firm, has launched factorE, a wealthtech tool powered by machine learning, designed to uncover the risks and exposures of multi-asset portfolios through visual simulations on a single interface. AlphaCore designed factorE to […]
Zuckerberg Dumped Facebook Shares Before Stock Nosedive
(New York Post) Ahead of Facebook’s worst one-day decline since 2012, prompted by news that data affecting 51.3 million members was improperly shared with a political consulting firm, Zuckerberg had been busy selling stock. So far this year, he has […]
What Your Fund Management Job Will Look Like in a Decade
(Bloomberg) Asset managers are being squeezed as increased regulation drives up costs and investors shift more money into lower-cost investment products. The solution? The greater use of technology and data-mining to defend margins, reduce expenses and win more client business. […]
Trade war threat is now Wall Street’s top economic fear: survey
(CNBC) Nearly two-thirds of the survey’s respondents see Trump’s trade policies as negative for overall economic growth. Sparked by the Trump administration’s recent tariffs, nearly three-quarters of respondents to the CNBC Fed Survey say they are now worried about a […]