Monthly Archives: April 2019
Lawyer for Platinum founder says investors knew and accepted risks
(Reuters) – Investors in the defunct billion-dollar hedge fund firm Platinum Partners had ample notice they might not get their money back, a lawyer for Platinum founder Mark Nordlicht told jurors on Tuesday, urging them to acquit his client of […]
Jefferies Backs Firm Led by Ex-Blackstone, Carlyle Directors
(Bloomberg) Leucadia Asset Management, an arm of Jefferies Financial Group Inc., is backing a new investment firm led by former Blackstone Group LP and Carlyle Group LP executives. To read this article:
Shareholder activism trends in the 2019 proxy season
(Opalesque) In 2018, robust U.S. and global M&A activity substantially mitigated the downside risk for activist investors. With political uncertainty ahead of the 2020 presidential election, unsettled questions on trade and tariffs, and the late 2018 market correction potentially foreshadowing […]
Nintendo’s Big Rally on China Prospects Hasn’t Scared Off Shorts
(Bloomberg) Nintendo Co. shares have surged this year thanks to a stellar games lineup and potential entry into China. But the hedge funds betting against the company aren’t going away. To read this article:
PG&E in Deal With Bluemountain Appoints New Independent Director
(Reuters) California utility owner PG&E Corp said on Monday it agreed to a deal with BlueMountain Capital Management LLC to appoint a new independent director and a safety adviser, resolving a months-long battle with the activist shareholder. BlueMountain, a New […]
Investors Continue to Pull Money From Hedge Funds Despite Performance Rebound
(Opalesque) Despite a strong start to the year, which saw Q1 2019 average hedge fund performance hit +5.34%, investors continued to pull money from the business, redeeming an estimated $13.69 billion from the industry in March, according to the just-released […]
Another Way to Hedge Tech Stock Volatility
(Harvest) When bitcoin hit its high in December 2017, its total market cap was approximately $420 billion. By contrast when the five stocks in the FAANG plus MSFT hit their highs back in September/October 2018, their combined market cap was […]
SEC Charges Microcap Fraudster with Running a Pump-and-Dump Scheme
(HedgeCo.Net) According to SEanC’s complaint, in 2013, Loflin helped his business partner gain control of Greenway, using a front company to hide his partner’s identity. Loflin then created back-dated convertible promissory notes to document debts owed by Greenway that could […]
SS&C GlobeOp Forward Redemption Indicator at 2.51 per cent for April
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for April 2019 measured 2.51 per cent, down from 3.49 per cent in March. To read this article:
Onchain Custodian onboards first customers
(Hedgeweek) Onchain Custodian (ONC), a digital asset custodian backed by Sequoia, Fosun and DHVC, has on-boarded its first customers. To read this article:
Wilshire Liquid Alternative Index up 0.6 per cent in March
(Hedgeweek) The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.60 per cent in March, outperforming the -0.17 per cent monthly return of the HFRX Global Hedge Fund Index. […]
D.E. Shaw is to Buck Industry Trend With 3-and-30 Fees
(Bloomberg) The New York-based investment firm is reverting to a fee model that it held for the better part of the 2000s, according to a person with knowledge of the matter. The new structure will charge 3 percent of assets […]