Monthly Archives: April 2018
SEC Charges Additional Defendant in Fraudulent ICO Scheme
(HedgeCo.Net) The Securities and Exchange Commission today announced additional fraud charges stemming from an investigation of Centra Tech Inc.’s $32 million initial coin offering. In an amended complaint filed today, the SEC charged one of Centra’s co-founders, Raymond Trapani, in […]
Pantera CEO Says Bitcoin Is ‘Screaming Buy,’ Bets on Icon
(Bloomberg) Bitcoin “is a screaming buy right now,” according to Dan Morehead, chief executive officer of $1 billion cryptocurrency hedge fund Pantera Capital Management LP. To read this article:
Deutsche Bank Announces Investment Bank Cuts After Sharp Profit Drop
(Reuters) Deutsche Bank on Thursday announced cuts to its investment bank after posting a 79 percent drop in net profit in the first quarter. Deutsche Banks said it will scale back its bond and equities trading activities, including cuts to […]
One in five financial institutions consider cryptocurrency trading, survey says
(Reuters) One in five financial institutions is considering trading cryptocurrencies within the next 12 months, a survey published by Thomson Reuters on Tuesday found. Among those respondents who said they were willing to trade cryptocurrencies like bitcoin, the best known […]
Ethics becoming increasingly important to investment professionals’ careers, says CFA Survey
(Hedgeweek) Ethics and professionalism are playing an increasingly significant role in investment professionals’ careers and influencing where they want to work, according to the latest CFA UK Ethics Survey. To read this article:
Hedge Fund Dalton Moves to Proxy Fight With Japan’s Shinsei Bank
(Bloomberg) A year after Dalton Investments urged Shinsei Bank Ltd. to buy back shares and link management’s pay more to the stock price, the U.S. hedge fund is taking its pressure on the Japanese lender to the next level: a […]
BoE simulates how funds, insurers cope with big margin calls
(Reuters) The Bank of England is studying how funds and insurers could cope with sudden demands for cash to back trades without resorting to a destabilizing fire sale of assets, a senior BoE official said on Thursday. Alex Brazier, the […]
Steven Cohen’s Point72 Is Sued Over Use of California Money Manager’s Name
(Reuters) Billionaire Steven A. Cohen’s hedge fund firm was sued on Wednesday by a San Francisco money manager seeking to stop it from using its name on a new investing project. Aperio Group LLC, which said it has more than […]
Nasdaq Is Open To Becoming Cryptocurrency Exchange, CEO Says
(CNBC) Once the regulation is smoothed out and the space “matures”, Nasdaq would consider becoming a digital currency exchange, the company’s CEO says. “Certainly Nasdaq would consider becoming a crypto exchange over time,” Nasdaq CEO Adena Friedman says. In the […]
Many hedge funds overpaying for depositary services, says INDOS
(Hedgeweek) Evidence collected by INDOS Financial Limited (INDOS), a UK independent depositary, has revealed that many hedge funds have chosen not to revisit their administrative and depositary arrangements since the implementation of the AIFMD (Alternative Investment Fund Managers Directive) in […]
Credit Suisse Lands a Heavy Blow On a Swiss Hedge Fund
(Bloomberg) Credit Suisse AG’s first-quarter results have given CEO Tidjane Thiam ammunition against activists calling for more radical surgery. Despite a fairly weak quarter for the investment bank, the CEO’s focus on wealth management while cutting costs and dumping unwanted […]
Gemini to launch market surveillance technology in collaboration with Nasdaq
(Hedgeweek) The technology, which is considered the most widely deployed surveillance system in the world, will enable Gemini to monitor across all of its trading pairs, including: BTC/USD, ETH/USD and BTC/ETH. To read this article: