Monthly Archives: April 2017
Hedge Fund Branding Drives Asset Flows
(Harvest) Since the market correction of 2008, a vast majority of hedge fund net asset flows have gone to a small minority of hedge funds with the strongest brands. A recent report from Hedge Fund Research shows that approximately 69% […]
Hedge Fund Manager Admits to Bilking Investors Out of Millions
(Nj.com) A manager of a hedge fund that billed itself as a fund for the “little guys” admitted Tuesday in federal court in Camden that he bilked 76 victims of more than $4 million and avoided paying more than $273,000 […]
Wilshire Liquid Alternative Index Gains +0.06% in March
(FINalternatives) Liquid alternatives rose in March along with their traditional hedge fund brethren, according to new research from Wilshire Associates, as the company’s Wilshire Liquid Alternative Index slightly outperformed its comparable hedge fund industry benchmark during the period. To read […]
Traders Paying Back All Profits in Insider Trading Case
(HedgeCo.Net) Three Peruvian traders have agreed to settle a pending case alleging that they traded on nonpublic information prior to the merger of two companies. Nino Coppero del Valle, the alleged tipper who worked at one of the companies, agreed […]
Chris Rokos’s Macro Fund Said to Decline 4.7% in First Quarter
(Bloomberg) Rokos Capital Management, one of last year’s best-performing macro hedge funds, lost 4.7 percent in the first quarter as macro funds struggled. The London-based fund run by billionaire Chris Rokos fell 2.4 percent in March, said a person with […]
Pierre Andurand’s Commodities Fund Lost 11.6 Pct in Q1
(Reuters) The Andurand Commodities Fund, run by asset manager Pierre Andurand, lost 11.6 percent in the first quarter of the year, according to a document prepared by a bank seen by Reuters.The $1.53 billion hedge fund continued its descent after […]
Einhorn’s Greenlight Claims GM Misled Credit Raters on Stock
(Bloomberg) Billionaire David Einhorn’s Greenlight Capital doubled down on its pitch for new General Motors Co. dividend shares, saying the carmaker misrepresented the hedge fund’s proposal for a stock split to sway ratings agencies to opine against it. GM presented […]
Commodity Investing – Not for The Buy and Hold Crowd
(Harvest) An article in the Wall Street Journal , “Why Commodity-Index Investing May be Futile” has gotten a lot of interest by investors although there was not any new information in the story. The reasons for avoiding commodity indices should […]
SEC Halts Fraud Targeting Seniors
(HedgeCo.Net) The Securities and Exchange Commission today announced an emergency asset freeze and temporary restraining order against a Chicago-based investment adviser and his financial management company accused of scamming elderly investors out of millions of dollars. The SEC alleges that […]
Dyal Capital Partners Takes Minority Stake in TSSP
(FINalternatives) Neuberger Berman affiliate Dyal Capital Partners has expanded its roster of minority investments in alternative investment managers, agreeing Tuesday to take a passive, non-voting minority interest in global credit and alternative lending specialist TSSP Holdings. To read this article:
ValueAct to Return $1.25 Billion on Concerns About Frothy Market
(Bloomberg) ValueAct Capital Management, the activist fund run by Jeffrey Ubben, plans to return $1.25 billion to investors in May because of concerns that company valuations are expensive. San Francisco-based ValueAct, which manages more than $16 billion, explained its decision […]
BHP Rejects Elliott’s Overhaul Proposals as Flawed, Costly
(Reuters) Anglo-Australian miner BHP Billiton (BHP.AX) (BLT.L) said on Wednesday a minor shareholder’s proposal to overhaul its corporate structure and spin off its U.S. oil division was flawed and would involve costs far beyond any benefits. BHP made the comments […]