Monthly Archives: March 2018
Cryptocurrencies: Further to fall
(The Technical Analyst) Bitcoin could fall to 3000 if the 7224 level is broken, according to Ron William of RW Advisory. William places the current ‘correction’ in the context of Bitcoin’s previous corrections and says it still has a long […]
Newell Brands Cuts Board Deal with Icahn, Snubbing Starboard
(Reuters) Newell Brands Inc (NWL.N) said on Monday it has agreed to appoint four directors to its board put forward by billionaire investor Carl Icahn, a deal that excludes activist hedge fund Starboard Value LP, which had mounted its own […]
SEC Announces Its Largest-Ever Whistleblower Awards
(HedgeCo.Com) The Securities and Exchange Commission has announced its highest-ever Dodd-Frank whistleblower awards, with two whistleblowers sharing a nearly $50 million award and a third whistleblower receiving more than $33 million. The previous high was a $30 million award in […]
Lyxor and Portland Hill launch Global Fundamental Equity Strategy Fund on Lyxor’s Alternative UCITS Platform
(Hedgeweek) Lyxor Asset Management has teamed up with Portland Hill to launch the Lyxor/Portland Hill Fund, a mid to long term oriented global fundamental equity strategy with a Pan-European focus. To read this article:
Vistra acquires Canyon CTS
(Hedgeweek) Vistra, a provider of international incorporations, trust, fiduciary, private office, and fund administration services, has acquired Canyon CTS (Canyon), a boutique capital markets corporate and trust business headquartered in Shannon, Ireland, with offices in Dublin and New York. To […]
China to Open Manufacturing, Cut Tariffs and Taxes, Premier Says
(Bloomberg) China’s Premier Li Keqiang said the nation will further open its economy, including the manufacturing sector, and pledged to lower import tariffs and cut taxes. To read this article:
Mozambique, Hedge Funds Set to Face Off in Debt Negotiations
(Bloomberg) Mozambique is set to meet foreign creditors in London Tuesday in what will mark the start of formal debt-restructuring negotiations, more than a year after the southern African nation defaulted. Investors, which include UBS Group AG and Credit Suisse […]
Hot Hedge Fund Loses 21% After Bet on Volatility Goes Wrong
(Bloomberg) In December, Shahraab Ahmad shared with his hedge fund clients the principle that helped him trounce peers for two turbulent decades: steer clear of the crowd.He’d turned $50 million into an operation with more than $700 million over three […]
Newell Brands Cuts Board Deal with Icahn, Snubbing Starboard
(Reuters) Newell Brands Inc (NWL.N) said on Monday it has agreed to appoint four directors to its board put forward by billionaire investor Carl Icahn, a deal that excludes activist hedge fund Starboard Value LP, which had mounted its own […]
Hedge-fund managers that do the most research will post the best returns, study suggests
(CNBC) For investors, it appears doing your homework does trump dumb luck. Hedge funds that frequently accessed SEC filings such as annual reports posted better-than-average returns in the following month compared with non-users, according to a new academic study. To […]
Broker Charged With Repeatedly Putting Customer Assets At Risk
(HedgeCo.Net) The Securities and Exchange Commission has announced that Electronic Transaction Clearing (ETC), a registered broker-dealer headquartered in Los Angeles, has agreed to settle charges that it illegally placed more than $25 million of customers’ securities at risk in order […]
Hedge Funds Suffer Worst Month in Two Years
(Bloomberg) Hedge Fund returns overall fell 2.19 percent in February, wiping out January gains and leaving them nearly unchanged for the year at up 0.07 percent, according to the latest numbers out of the Bloomberg Hedge Fund Database. That came […]