Monthly Archives: April 2017
The World’s Largest Tech Fund is Considering a $1 Billion Plus Investment in WeWork
(The Business Insider) Japanese technology giant SoftBank is considering an investment of more than $1 billion (£800 million) in coworking space provider WeWork, the Wall Street Journal reported… To read this article:
Machine Learning is Now Used in Wall Street Dealmaking, And Bankers Should be Worried
(The Business Insider) It has been said that Wall Street dealmaking is more art than science. That could be changing. JPMorgan, which is spending big on technology as it looks to cut costs and increase efficiency, last year launched a […]
Trump Plans Have Deal Makers Dreaming Big ($100-Billion-Cash-Takeover Big!)
(Agrimoney) At a gathering of the nation’s top mergers and acquisitions lawyers and bankers, the consensus was that under the Trump presidency, deal making should boom. To read this article:
Hedge Funds Pile out of Grains, Leaving Room for Short-covering
(Agrimoney) Managed money, a proxy for speculators, reduced the size of its net long position in the most commonwealth grain futures and options by 158,058 contracts in the week to last Tuesday, analysis of data from the Commodity Futures Trading […]
Citadel Names New Commodities Head After Ken Griffin’s Stint
(Bloomberg) Citadel LLC, the $26 billion investment firm, appointed Sebastian Barrack as new head of commodities after billionaire founder Ken Griffin ran the unit for several months. Barrack, previously the co-head of metals, mining and agriculture at Macquarie Group Ltd., […]
Cowen Group acquires Convergex in USD116m deal
(HedgeWeek) Cowen Group is to acquire Convergex Group from private equity firm GTCR, Bank of New York Mellon and other shareholders for a total consideration, less certain closing adjustments, of USD116 million in cash and Cowen common stock. To read […]
Hedge Fund Bulls Breathe New Life Into World’s Hottest Currency
(Bloomberg) The world’s best currency rally this year is finding fresh support from hedge funds. Leveraged investors turned net bullish on Mexico’s peso for the first time since Donald Trump all but locked up his bid to become the Republican […]
Guggenheim Investments Books Strong Asset Flows in March
(FINalternatives) Scott Minerd’s Guggenheim Investments reported strong asset flows in March, according to new data released by the firm, including more than $1.5 billion into fixed-income mutual funds and exchange traded funds despite recent hikes in U.S. interest rates by […]
Haley’s Holocene Advisors Begins Trading With $1.5B in AUM
(FINalternatives) Brandon Haley’s Holocene Advisors has reportedly started trading with approximately $1.5 billion in assets under management, one of the largest startups in recent memory and an indication that investors’ appetite for new hedge funds has not entirely waned. To […]
General Motors Reveals Details of Contacts with Greenlight’s Einhorn
(FINalternatives) General Motors has outlined its contacts with Greenlight Capital’s David Einhorn in a regulatory filing, just a week after the activist hedge fund manager went public with a dual-share plan aimed at increasing GM’s value. To read this article:
Cirrus Hires Patel To Lead Quantitative Research
(FINalternatives) Cirrus Research has hired veteran quantitative analyst Pankaj Patel to be its new head of quantitative research, where he will build quant models for large- mid- and small-cap markets usable by hedge funds, mutual funds, and institutional investors. To […]
Hedge Fund Branding Drives Asset Flows
(HedgeCo.Net) 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% […]