Monthly Archives: March 2018
Hedge Funds Draw SEC Scrutiny in Crypto Coin Review
(Bloomberg) Wall Street’s main regulator has a new worry in its race to keep tabs on the cryptocurrency craze: hedge funds. The U.S. Securities and Exchange Commission is examining the business practices of a cadre of funds set up to […]
China’s $814 Billion Fund Will Cut Exposure to Volatile Markets
(Bloomberg) China’s $814 billion sovereign wealth fund plans to expand investments in areas such as real estate, hedge funds, infrastructure and private equity for more stable returns, as it reduces exposure to volatile public markets. China Investment Corp., which recently […]
$112 Billion Asset Managers Don’t Want Robot Money Managers
(Bloomberg) Some of the biggest investors in one of the world’s most technologically advanced corners don’t want robots to replace people when it comes to managing money. Ilmarinen and Varma of Finland, which oversee a combined 91.2 billion euros ($112 […]
Three Starboard Nominees to Newell Board Agree to Buy Stake if Elected
(Reuters) Starboard Value LP, which is looking to replace the entire board of Newell Brands Inc (NWL.N), said on Wednesday three of its nominees would buy about $25 million in Newell stock with their own money if the activist hedge […]
The Algos at $52 Billion Two Sigma Are Struggling to Make Money
(Bloomberg) Two Sigma, the $52 billion quantitative firm, is struggling to make money this year in some of its biggest hedge funds. Its Compass fund, which trades futures across markets from commodities to currencies, dropped 5.7 percent in the first […]
Credit Suisse Sued by Investor Over Volatility Note That Crashed
(Bloomberg) Credit Suisse Group AG was sued by an investor who got burned last month betting against stock-market turmoil, as more people seek to recoup steep losses on VIX exchange-traded products. Rajan Chahal filed the lawsuit Wednesday in federal court […]
Billionaire Alan Howard Makes a Bet on Cryptocurrencies
(Bloomberg) Hedge fund billionaire Alan Howard made sizable personal investments in cryptocurrencies last year and plans to put more of his own money into digital assets and the blockchain technology behind them, according to people with knowledge of the matter.Other […]
Hedge Funds Warn of an Upcoming Flashpoint with China as Trade Concerns Grow
(CNBC) Hedge fund managers have warned that Chinese authorities could soon retaliate against U.S. tariffs and vastly escalate a global trade war that has simmered for the last few of weeks… To read this article:
Hedge Fund Vets to Offer Capital Introduction Services Through Newly Launched Layton Road Group
(Hedgeweek) Tom Mahala, former Global Head of Capital Introduction and Americas Hedge Fund Relationship Management at BNP Paribas, has launched Layton Road Group, which will offer capital introduction and placement agent services to the alternative asset management community through Profor […]
Hedge Funds Slide in Feb, Managed Futures See Big Losses
(Evestment) The hedge fund industry overall had a negative month for returns, -2.01%, according to the just-released February 2018 eVestment Hedge Fund Performance Report. After so many months of positive returns (aggregate hedge fund performance finished 2017 at almost +9%), […]
Senate Quietly Passes the Biggest Rollback of Wall Street Regulations Since the Financial Crisis
(The Business Insider) The Senate passed the Economic Growth, Regulatory Relief, and Consumer Protection Act on Wednesday. The legislation, more commonly known as the Crapo bill, includes a rollback of many banking regulations… To read this article:
Foreign Affiliates of KPMG, Deloitte, BDO Charged in Improper Audits
(hedgeCo.Net) The Securities and Exchange Commission today charged foreign affiliates of KPMG, Deloitte & Touche, and BDO for their involvement in audit work that circumvented the full oversight of the Public Company Accounting Oversight Board (PCAOB). The firms agreed to […]