Monthly Archives: April 2019

Tikehau Capital brings on Nithin Johnson for biz dev

(Opalesque) Tikehau Capital the alternative asset management and investment group, today announced the appointment of Nithin Johnson as Executive Director of Business Development based in New York. Johnson will support the growth of Tikehau Capital’s North American business by developing […]

Hedge Funds Just Posted Their Best Quarter Since 2009

(Bloomberg) Hedge funds are getting a pick-me-up from the stock market and rebounding from a harsh 2018 to their best quarterly performance in a decade. Managers returned 5.9 percent on a fund-weighted basis, posting their strongest showing since the third […]

Hedge Fund Backer Makes High-Stakes Offer in Europe Drive

(Bloomberg) A U.S. investor who has backed hedge fund managers from John Paulson to Kyle Bass is pushing into Europe to offer managers an unusual choice: They can take a bigger share of profits with the catch that they risk […]

Hedge Funds Keep Sitting Out $10 Trillion Global Stock Rally

(Bloomberg) Wondering who’s driving this year’s advance in stocks? Individual investors have played a role, and so have companies themselves. But to date one notable class of professional speculators has been absent. It’s hedge funds, who have stubbornly refused to […]

Lyft threatens Morgan Stanley with legal action over IPO claims

(New York Post) Morgan Stanley is trying to distance itself from its role in helping early Lyft investors bet against the ride-hailing company after Lyft threatened to sue them and report them to regulators…. To read this article:

Dalio Says Capitalism’s Income Inequality Is National Emergency

(Bloomberg) While President Donald Trump is focused on the national emergency he’s declared to secure the southern U.S. border, the billionaire founder of the world’s biggest hedge fund is more worried about losing the American dream. Capitalism must be reformed […]

SEC Charges Transportation Company Executives With Accounting Fraud

(HedgeCo.Net) The Securities and Exchange Commission today charged the former CFO and two former employees of a publicly traded transportation company with fraud for manipulating the company’s financial results in order to meet earnings targets and projections. The SEC alleges […]

Andurand Hedge Fund Closes New York Office, Loses Traders

(Bloomberg)Commodities hedge fund manager Pierre Andurand closed his firm’s New York office after a tough trading year in 2018, instead focusing the business on his offices in London and Malta, according to people familiar with the matter. Andurand Capital LP, […]

Here’s How Citadel, Point72 Fared Against Multi-Strategy Peers

(Bloomberg) The first-quarter numbers are in for several of the biggest hedge fund managers who invest billions of dollars across strategies and asset classes. For the most part, the results are underwhelming. Of six major funds for which returns were […]

U.S. Income Inequality a ‘National Emergency’: Billionaire Ray Dalio

(Reuters) Widening income inequality and under-investment in public education “pose an existential risk for the U.S.,” hedge fund billionaire Ray Dalio wrote in a paper released Thursday. Dalio, who Forbes lists as the 57th-richest person in the world with an […]

Activist Hedge Fund Sarissa Hires President in Push For Growth

(Reuters) Sarissa Capital Management LP, the activist hedge fund run by Alexander Denner that invests in pharmaceutical and healthcare companies, has hired asset management veteran Eric Vincent as president, according to his LinkedIn profile and two people familiar with the […]

Third Point Up 9 Percent in First Quarter, Fueled Largely by Nestle Gains

(Reuters) Third Point LP returned 9 percent in the first quarter of 2019 fueled largely by gains at Nestle, which was publicly critiqued by the hedge fund in 2018 for its “muddled strategic approach,” an investor said. The Swiss-based food […]