Monthly Archives: April 2016
Two Hedge Fund Managers Debate With Research, Rather Than Obnoxious Voices
(Harvest) Kerrisdale Capital, who I’m sure many of you are familiar with, recently published a short thesis on SAGE to Harvest exchange. This is not uncommon as Kerrisdale often uses Harvest Exchange and other mediums to break a short idea. […]
Pine River Fixed Income Manager Steve Kuhn Leaving Hedge Fund
(Reuters) Steve Kuhn, one of the hedge fund industry’s most widely known fixed income traders, is leaving Pine River Capital Management only months after the fund he co-managed for eight years posted its first-ever loss.Pine River Capital Management wrote to […]
Deja Vu For Paulson as Allergan Loss Hurts U.S. Hedge Funds
(Reuters) For hedge fund titan John Paulson, history may be repeating itself.The billionaire investor lost an estimated $258 million on Tuesday when the share price of drug company Allergan Plc (AGN.N) tumbled nearly 15 percent on speculation new tax rules […]
Quantedge Hedge Fund Rebounds From 2015 Losses With 24% Surge
(Bloomberg) Quantedge Global Fund returned 24 percent this year through the end of March as most peers tumbled, helping it to rebound from last year’s loss.The Singapore-based fund, which uses quantitative models and invests globally, returned 12.2 percent in March […]
Ackman to Face Investor Grilling after Record Quarterly Loss
(Reuters) Billionaire investor William Ackman is set to face close questioning on Wednesday when he details his hedge fund’s biggest-ever quarterly loss and explains how he plans to handle the investment that led to the fall – Valeant Pharmaceuticals International. […]
Fund-of-Hedge-Fund Assets Grow in U.S. But Shrink Abroad
(Daily Alts)North America-based funds-of-hedge-funds (“FoHFs”) underperformed their counterparts in Europe and Asia in 2015, but still managed to grow their asset base, even as European and Asia-Pacific funds saw their assets decline. These were the main findings of Preqin’s “Fund […]
Puerto Rico Investors Sue to Stop Development Bank Payments
(Bloomberg) Hedge funds holding debt in Puerto Rico’s Government Development Bank sued to stop the island’s key fiscal entity from making payments to local government agencies as it faces a growing cash shortage and the prospect of insolvency. The funds, […]
Man GLG: A bumper year for M&A?
(Hedgefund Intelligence) We are currently witnessing an unprecedented opportunity in the world of M&A arbitrage, with deal spreads at historical wides and a wave of merger activity ahead. This perfect storm of wide deal spreads and frantic deal volume could […]
Infrastructure Industry Sees Healthy Deal Flow in Q1 2016
(Preqin.com) The latest data from Preqin finds that the infrastructure deals market saw further robust activity in the first quarter of the year, as 223 deals were announced worth a combined $45bn. Preqin expects these figures to rise by up […]
Liquidity and Performance Representations Present Potential Pitfalls for Hedge Fund Managers
(Hedge Fund Law Report) Hedge fund managers must guard against insidious issues that can give rise to conflicts of interest or trigger anti-fraud violations, such as liquidity issues caused by a manager’s operation of multiple funds. See “Operational Conflicts Arising […]
The Panama Papers: Short-Term Political Impacts, Long-Term Global Restructuring?
(Harvest) The release of millions of documents from a Panamanian law firm has sparked international attention concerning widespread use of offshore accounts and potential cases of corruption. To read this article:
Pimco Says Bill Gross Was Told He’d Lose $200 Million Bonus
(Bloomberg) Bill Gross was warned he would lose his bonus if he quit Pacific Investment Management Co. before the end of the quarter, Pimco said in a court filing, challenging the central claim in his lawsuit against his former employer […]