Monthly Archives: April 2017
Auditor Charged With Insider Trading on Client’s Nonpublic Information
(HedgeCo.Net) The Securities and Exchange Commission has announced that an auditor based in the Silicon Valley has agreed to settle charges that he traded on inside information about a client on the verge of a merger.The SEC’s order finds that […]
Madoff Deals Locked in Safe at Center of U.K. Hedge-Fund Lawsuit
(Bloomberg) Principal Financial Group Inc. accused the managers of Liongate Capital Management LLP of hiding investments with Bernie Madoff while negotiating to sell half of their London hedge fund to Principal. Founders Randall Dillard and Jeff Holland, and Head of […]
Trading Places: The Rise of The DIY Hedge Fund
(Wired.com) Naoki Nagai, a 36-year-old Harvard graduate who grew up in Japan, is a one-man hedge fund. For the past 16 months he has written hundreds of algorithms in much the same manner as quantitative traders in the City of […]
Commodity Hedge Fund Blenheim Sees Upside in Copper, Zinc
(Reuters) Copper and zinc are the two standouts among a brightening outlook for base metals, with supply constraints and China-driven demand set to lift prices in coming months, U.S. commodity hedge fund Blenheim Capital Management said. After a near six-year […]
The Fallible Value Investor
(Harvest) There is often this inherent conflict in a value investor’s mind that continues to play for almost every investment he makes. If you have been investing for a while, you will read what I am writing and nod along. […]
How and Why to Be a Long-Term Investor
(Harvest) Having a long-term time horizon can help you avoid making poor short-term investment decisions. A multi-year time horizon can also give you an advantage toward achieving superior returns by allowing you to make high-potential investments that others with a […]
CFTC fines Citigroup traders $550,000 over spoofing
(Hedgeweek) The US Commodity Futures Trading Commission (CFTC) has issued two separate orders filing and settling charges against Stephen Gola and Jonathan Brims for spoofing — bidding or offering with the intent to cancel the bid or offer before execution […]
Reuters Poll: Managers Trim Equities, Raise Cash in March as Trump Trade Fades
(FINalternatives) Global investors trimmed U.S. equity exposures in March and raised cash to the highest levels since November as cracks in the Trump trade begin to appear, according to a monthly Reuters poll of fund managers and CIOs, while UK […]
BlackRock’s Active Gambit Ramps Up Pressure On Rivals
(FINalternatives) Last week’s decision by global asset management giant BlackRock to revamp part of its stock-picking business puts further pressure on active U.S. equity managers to cut their fees, change product offerings and merge in order to stem a relentless, […]
Ex-HMC Portfolio Managers Prepping New Relative Value Fund
(FINalternatives) Harvard Management Company portfolio managers Graig Fantuzzi and Michele Toscani are reportedly planning to launch a new relative value hedge fund in the third quarter with a healthy dose of seed capital from their former employer. To read this […]
How Sears Ruined Its CEO Eddie Lampert’s Hedge Fund
(Fortune) As if in sympathy with his dying retail giant, Sears CEO Eddie Lampert’s hedge fund has sunk perfectly in line with Sears’ own decline. While shares of fell nearly 55% in 2016 amid bankruptcy rumors, the assets in Lampert’s […]
A Hedge Fund’s GM Plan Gives Hedge Funds a Bad Name
(Bloomberg) What exactly is the purpose of GM? If your answer is “to manufacture and sell automobiles” then you obviously haven’t been listening to David Einhorn, whose hedge fund, Greenlight Capital Inc., owns 13.2 million shares (0.88 percent) of the […]