Monthly Archives: April 2019
SocGen Is Latest Bank to Shutter Its Commodities Business
(Bloomberg) Add Societe Generale SA to the list of banks and financial institutions to take a big step back from commodities amid a slump in trading profits. The French bank said on Tuesday that it is planning to close its […]
Machine-Learning on The Rise in Financial Services
(Reuters) The use of machine-learning has picked up across the financial services industry, although problems such as data quality continue to dog its progress, a study by Refinitiv has found. In a report, Refinitiv, the financial data provider, said more […]
Hedge Fund Managers Recorded Strongest Q1 Post-Crisis Despite Growth Forecast Cuts
(Opalesque) The Eurekahedge Hedge Fund Index gained 1.00% in March, supported by strength in global equity and bond markets as central banks shy away from tight monetary policies. Optimism over the progress of the US-China trade talk supported both countries’ […]
Game Changing Fund Of Fund Reforms Ahead
(Opalesque) On December 19, 2018, the SEC proposed rescinding most so-called fund of funds (FoF) exemptive orders and Rule 12d1-2 under the Investment Company Act of 1940 (Act) and replacing them with new Rule 12d1-4.1 Some of these reforms may […]
This Hedge Fund Is Moving From Big Tech To Content Makers. Here’s Why
(CNBC) Dan Niles, AlphaOne Capital’s founding partner, joins “Squawk Alley” to talk about why the hedge fund is moving away from big tech giants and toward content makers. To read this article:
The Gender Pay Gap In Investment Banks: The 2018 Pay Differential Index
(eFinancial Careers) Where to work if you want to earn like a man. To read this article:
Credit Suisse tied to firm with links to GAM crisis
(eFinancial Careers) Three Credit Suisse investment funds contain about $4bn of assets linked to a fintech company at the centre of a crisis that has brought GAM, the Swiss asset manager, to its knees. To read this article:
SEC Obtains Final Judgment and Bars Investment Adviser for Defrauding Clients
(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment against Scott Newsholme, a New Jersey-based tax preparer, who was charged with defrauding his clients after convincing them to give him their money to invest. According to the SEC’s […]
Loeb’s Third Point building stake to pressure Sony
(Reuters) – Daniel Loeb’s hedge fund Third Point LLC is building a stake in Sony Corp to push for changes that include shedding some businesses, the second time in six years it has targeted the Japanese electronics maker, people familiar […]
Global Impact Investing Network publishes standards guide
(Opalesque) The Global Impact Investing Network (GIIN), today launches its Core Characteristics of Impact Investing, four tenets that define the growing space of impact investing and will provide financial markets with greater clarity on what constitutes credible impact investing practice. […]
Hedge fund Cruiser Capital hires Kapur from SumZero
(Reuters) – Hedge fund Cruiser Capital Advisors LLC, which focuses on industrial and financial investments, has hired Nicholas Kapur from SumZero, an online community for investment professionals, a person familiar with the move said. Kapur joins Cruiser Capital as a […]
Identifying a pure merger arbitrage strategy in the event-driven space
(Hedgeweek) A recent study by the Strategic Consulting team, Prime Services, Barclays Capital, found that since 2010, merger arbitrage was the highest performing alpha generating strategy, returning 2.6 per cent (annualised). But in Europe, this strategy, which used to be […]