Monthly Archives: April 2018
Barnegat to Close Hedge Fund to Outside Investors on Weak Opportunities
(Opalesque) Bob Treue’s Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. “The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunities, profits mean existing […]
Federal Reserve Proposes New Capital Rules for Wall Street
(CNBC) The Federal Reserve on Tuesday proposed new rules that could allow some large banks to reduce their capital reserves. The largest Wall Street banks are not likely to get such relief, the Fed said….. To read this article:
Starboard Seeks Four Board Seats at Newell
(Reuters) Activist hedge fund Starboard Value LP said on Tuesday it plans to seek four board seats at consumer products group Newell Brands (NWL.N), arguing more work is needed to repair the company even after rival activist Carl Icahn was […]
SEC Charges Texas Company, Principals in Multimillion Dollar Ponzi Scheme Targeting Seniors
(HedgeCo.Net) The Securities and Exchange Commission has charged two Texas companies and their principals in a $2.4 million Ponzi scheme and in a related, $1.4 million offering fraud targeting retirees. The SEC’s complaint alleges that, from 2010 to 2017, Clifton […]
Hedges Increased Their Bets Against Facebook Before Zuckerberg Testimony
(CNBC) Hedge funds hiked their bets against Facebook through last week as CEO Mark Zuckerberg got set to testify in front of Congress following a data scandal, according to data from IHS Markit. IHS Markit forecasts short interest in Facebook […]
Eurekahedge reports second month of losses for hedge funds in 2018
(Hedgeweek) Eurekahedge reports that hedge funds registered their second consecutive month of losses since the start of 2018, with the Eurekahedge Hedge Fund Index declining 0.51 per cent in March, while still outperforming the MSCI World Index which ended the […]
US RIAs struggle to manage private alternative investments, says survey
(Hedgeweek) A survey of US RIAs by PPB Capital Partners has found that while firms are encouraged to provide customised alternative investment solutions for high net-worth clients, such funds prove unwieldy and expensive to operate. To read this article:
FX Hedge Funds Trampled by Bad Volatility in Dreadful Start to 2018
(Bloomberg) After suffering unprecedented losses last year, currency-focused hedge funds were hoping a bit of market turbulence would help them get back on track in 2018. Things could hardly have gone worse. To read this article:
Northern Trust partners with Hazeltree on cash management
(Opalesque) Northern Trust Hedge Fund Services has partnered with Hazeltree on a new cash optimization service. The service can help investment managers maintain cash reserves. To read this article:
Bitcoin glittering brighter for some Wall Street executives
(Opalesque) The glitters of bitcoin and cryptocurrencies attract a handful of Wall Street executives as many of them are joining the crypto world for better opportunities.Hedge fund manager and digital currency investor Mike Novogratz has lured Richard Kim from Goldman […]
Hedge funds trimmed their bullish position in crude oil and fuels
(Reuters) Hedge funds trimmed their bullish position in crude oil and fuels in the most recent week after increasing it significantly over the previous fortnight.But the overall reduction conceals a sharp shift away from U.S. light crude (WTI) and towards […]
Hedge funds call for Brexit openness above reciprocity
(Reuters) Britain should let European Union fund managers have access to British-based clients after Brexit even there is no reciprocal arrangement for British firms, a leading trade body for hedge funds and other alternative asset managers said. To read this […]