Monthly Archives: April 2017
Man Group’s Assets Surge 10% to $88.7bn in First Quarter
(EuroHedge) Man Group, the publicly-quoted London-headquartered global hedge fund group, saw its funds under management grow to $88.7 billion in the first quarter of 2017, a 10% surge from its 2016 year-end total of $80.9 billion. The group saw net […]
Broker Charged With Defrauding Customers
(HedgeCo.Net) The Securities and Exchange Commission today charged a former broker with knowingly or recklessly trading unsuitable investment products in the accounts of five customers and misappropriating more than $170,000 from one of those customers. The SEC’s complaint alleges that […]
Marissa Mayer Will Get $186m Golden Parachute From Yahoo
(New York Post) Yahoo Chief Executive Marissa Mayer may not have been able to save the company she joined nearly five years ago — but she certainly saved her bank account…. To read this article:
B. Riley Acquires Rights To Manage Dialectic Capital Management Hedge Funds
(FINalternatives) B. Riley Financial has acquired the rights to manage a number of Dialectic Capital’s hedge funds, while Dialectic founder and former Maverick Capital executive John Fichthorn has been named head of alternative investments for the asset management division of […]
Owl Creek to Shut Asian Hedge Funds, Deregister Hong Kong Office
(Bloomberg) Jeffrey Altman’s Owl Creek Asset Management is winding down its Asian funds after the voluntary departure of Hong Kong-based co-manager Chris Wang, according to a regulatory filing. The move is expected to cut New York-based Owl Creek’s assets to […]
Money Managers Take Off the Gloves in Dealing With Companies
(CNBC) As a steward of pension funds and retirement accounts, Neuberger Berman has traditionally employed a staid strategy familiar among big Wall Street money managers: Buy and hold stocks, sit back, and hope for the best. But recently, the firm […]
This Hedge Fund May Be Poised to Create the Most Billionaires
(Bloomberg) Henry Laufer was teaching math at Stony Brook University on Long Island in the late 1980s when he got a call from Jim Simons. A former colleague, Simons had left academia to start Renaissance Technologies a mile down the […]
A Struggling Hedge Fund Says it is Cutting Costs and Still Trying to Find a Partner
(The Business Insider) A highly-backed hedge fund that has struggled from its start says it is cutting costs as it continues to look for fresh money to buoy assets. Folger Hill Asset Management, a Leucadia and Schonfeld-backed hedge fund firm […]
Elliott Spurns Offer, Forging Ahead With Arconic Proxy Fight
(Reuters) Tensions between Elliott Management and specialty metals maker Arconic Inc escalated on Tuesday, as the hedge fund spurned a truce offered by the company and urged shareholders to elect all four of its director nominees. Elliott’s latest letter to […]
Greenlight Adds New Longs, Closes Some Shorts, Calls GM Battle “Tough”
(Reuters) Hedge fund Greenlight Capital, now pressuring carmaker General Motors to restructure its share class, said on Tuesday that it added three new long positions and exited several short positions. It added bets on Conduent, Perrigo, and an unnamed European […]
Robusta Coffee Extends Plunge That Caught Hedge Funds Unaware
(Bloomberg) Robusta coffee’s biggest plunge in half a decade took hedge funds by surprise.The beans, used in instant coffee, are heading for the largest five-day slide since July 2011 in London. The drop began a day after hedge funds were […]
The Big Short and Beyond, with Danny Moses
(Harvest) My guest this week is Danny Moses, who was directly in the middle of the biggest trades in market history, chronicled by Michael Lewis in his book the Big Short. Danny was the head trader on the Frontpoint team […]