Monthly Archives: April 2018
Losing Direction’: Allergan Investors Are Unhappy After A Wild 4 Hour Takeover Drama
‘Losing Direction’: Allergan Investors Are Unhappy After A Wild 4 Hour Takeover Drama The Business Insider posted on Fri 20 Apr 2018 Permalink Print Allergan’s stock closed down 4% on Thursday, after the pharma giant said it was “in the […]
SEC Proposes to Enhance Protections and Preserve Choice for Retail Investors
(HedgeCo.Net) The Securities and Exchange Commission has voted to propose a package of rulemakings and interpretations designed to enhance the quality and transparency of investors’ relationships with investment advisers and broker-dealers while preserving access to a variety of types of […]
Hedge Funds Suffer First Back-to-Back Loss in Two Years
(Bloomberg) Hedge fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its […]
As Bitcoin Plunged, These Crypto Hedge Funds Kept Making Money
(Bloomberg) Bitcoin’s terrible start to 2018 is highlighting the appeal of cryptocurrency hedge funds that make money in both bull and bear markets. To read this article:
Renaissance Technologies Rebounds Across Hedge Funds in March
(Bloomberg) Renaissance Technologies, the $58 billion quantitative investment firm founded by former military code-breaker Jim Simons, gained at three of its hedge funds last month, erasing declines posted when markets slumped in February. The $23 billion Renaissance Institutional Equities Fund […]
Avenue Capital to Launch ‘Impact’ Investment Fund, Source Says
(Reuters) Avenue Capital Group LLC, a New York-based investment firm with $9.4 billion in assets under management, plans to launch a fund this year that will focus on so-called impact credit investments, according to a person familiar with the matter. […]
Owl Creek Funds Sue Ocwen, Executives Alleging Securities Fraud
(Reuters) Four funds run by Manhattan-based hedge fund manager Owl Creek Asset Management have filed a securities lawsuit accusing mortgage servicer Ocwen Financial Corp of fraudulently inducing them to invest tens of millions of dollars in the company. Florida-based Ocwen […]
A Billionaire Hedge-Fund Manager and The Fed Chair Runner-Up Are Investing in a New Cryptocurrency
(CNBC) Billionaire Stanley Druckenmiller and Fed chair runner-up Kevin Warsh have invested in a cryptocurrency project called Basis, along with many other investors, the company said Wednesday. Bain Capital Ventures said it led the $133 million private placement, which was […]
Point72 Appoints Harry Schwefel as Co-CIO Alongside Steve Cohen
(Bloomberg) Steve Cohen is sharing the role of chief investment officer at Point72 Asset Management with his veteran money manager Harry Schwefel. To read this article:
Fee Cut Sets BlackRock Smaller Apart From Rival Throgmorton
(Citywire) BlackRock Smaller Companies (BRSC) has put further clear water between itself and stablemate BlackRock Throgmorton (THRG) by agreeing to an overhaul in the charges it pays the fund management group. To read this article:
Why Pension Funds and Institutional Investors Should Embrace Green Disruption
(Harvest) Six years ago, Mats Andersson, the overseer of one of Sweden’s largest pension funds, made a gutsy investment decision: He initiated a “massive purge” of polluters from his fund’s $40 billion portfolio. That meant no more coal and gas […]
Bill Ackman Says Newell Made ‘Deal With The Devil’ In Icahn Agreement
(CNBC) “The company was so afraid of losing a proxy contest that they made a deal with the devil, so to speak,” Ackman said, clarifying that he “meant that in the most positive way.” Icahn’s board appointments at Newell last […]