Monthly Archives: April 2019
Insolvent Millionaire Says Multi-Billion Dollar Hedge Fund Doesn’t Have $175 Million
(Dealbreaker) James Dondero and his hedge fund Highland Capital Management have a lot of experience when it comes to the legal system, enough to earn an honorary law degree or at least election as president of the United States. (Although […]
Former Financial Manager of Phoenix Company Charged With Insider Trading
(HedgeCo.Net) A complaint, filed in the United States District Court for the District of Arizona, alleges that Quentin Louis Wilcox, of Gilbert, Arizona, sold Avnet stock short and bought Avnet put options shortly before the company’s April 27, 2017 press […]
DWS Group to close and liquidate two ETFs
(Hedgeweek) DWS Group is to close and liquidate two Xtrackers exchange-traded funds (ETFs) – Xtrackers Germany Equity ETF (GRMY) and Xtrackers MSCI United Kingdom Hedged Equity ETF (DBUK). To read this article:
Hedge funds remain in positive territory in March according to Backstop BarclayHedge
(Hedgeweek) Hedge funds continued their winning ways in March with a third straight month of positive returns. March’s hedge fund return was 0.67 per cent, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. […]
Difficult market environment in 2018 highlights importance of active/passive fund choice
(Hedgeweek) 2018 was a very difficult year for active managers – one of their worst in over a decade – according to new research published by Lyxor Asset Management (Lyxor), which compared the performance of active funds domiciled in Europe […]
JPMorgan Veterans’ Hedge Fund Eyes First Target in Mexican Peso
(Bloomberg) After 17 years trading Latin American markets at JPMorgan Chase & Co., Giovani Silva is starting his own hedge fund — and eyeing a bet against the Mexican peso as one of his first moves. BlueLine Asset Management, which […]
GF Securities Hong Kong Chief Tang Xiaodong Resigns From Firm
(Bloomberg) GF Securities Co. said Monday the head of its Hong Kong unit has resigned from the firm, after losses rocked one of its hedge funds. Tang Xiaodong, who joined in May, stepped down for personal reasons, GF Securities said […]
John Paulson Plots Path to Spin Off Funds in Transition to Family Office
(Bloomberg) John Paulson has segregated most of his personal capital from that of outside investors in his hedge funds, setting the stage for a potential spinoff that would transform the billionaire’s advisory firm into a family office. Paulson & Co. […]
Goldman Slashes Bonuses as Profits Tumble
(New York Post) Working for Goldman Sachs doesn’t pay like it used to. The Wall Street behemoth slashed its average pay package by a fifth during the first quarter, as traders struggled with bad bets and the bank hired more […]
$4 Trillion Stock Rally Has Buyers Flooding World’s Largest ETF
(Bloomberg) State Street’s SPY had its best weekly inflow since December Growth ETFs are also adding cash as earnings season begins. To read this article:
Former Seaworld Associate General Counsel Charged with Insider Trading
(HedgeCo.Net) A former senior lawyer at SeaWorld Entertainment Inc. (Sea World) has been charged with insider trading based on nonpublic information that the company’s revenue would be better than anticipated for the second quarter of 2018. The SEC alleges that […]
Hedge Funds Fretting U.S. Stock Doom Have Nimble Counter-Plan
(Bloomberg) Hedge funds are snubbing broad bets on the stock melt-up and shifting to market-neutral strategies, according to Nomura Holdings Inc., underscoring the skepticism dogging this gravity-defying bull run. Fast-money exposure to U.S. equities has plunged to the lowest since […]