Monthly Archives: May 2017
Hedge Fund Manager Tepper Exits JCPenney Stake
(CNBC) David Tepper’s Appaloosa Management sold its stake in JCPenney in the first quarter, according to an SEC filing Friday. The firm also took a very small stake in Snap and bought call options for the SPDR S&P 500 ETF….. […]
This Hedge Fund Sold $200m of Amazon Stock: Time for You to Sell, Too?
(Motley Fool) When one of the most profitable hedge fund managers of all time liquidates a large position in any company, smart investors take notice. Late last year, that’s precisely what happened with shares of Amazon.com. At some point in […]
Goldman Launches New ‘Dark Pool’ for Stocks
(Reuters) Goldman Sachs Group will launch a new private stock-trading venue, known as a “dark pool,”… that is run by exchange operator Nasdaq Inc, according to a note to clients…. To read this article:
Hedge Fund Population Smaller Than Most Think
(Pension & Investments) It’s not unreasonable to think hedge fund managers are legion, given all the attention paid to them in gossip columns, popular television series like Showtime’s “Billions” or the movie adaptation of Michael Lewis’ book, “The Big Short.” […]
How Many Managers Should You Review Before You Pick One?
(Harvest) Choices, choices, choices. There are just so many managers to choose for a portfolio. Look at the major database, and you will find hundreds of managers of all sizes, styles and skill. Using some simple criteria, the list can […]
Who Is Abandoning Ship?
(Harvest) The world was shocked, shocked, I write, that according to Bloomberg, hedge fund investors are abandoning fund managers because of “high fees” and “poor returns.” My question is simple: Isn’t it an investor’s job to get out of poorly […]
RBC Eyes Bigger Cut of $40bn in US Investment-Bank Fees
(Bloomberg) Royal Bank of Canada seeks to capture as much as 4.5 percent of the $40 billion pool of U.S. investment-banking fees within three years as it expands operations in the world’s largest market for deal-making. Royal Bank currently collects […]
Bill Ackman is Bragging About a Mystery Investment Doing Really Well as Hedge Fund Trails Market
(CNBC) Hedge fund Pershing Square has an unnamed investment position that is up big so far this year, founder Bill Ackman said on an investor call Wednesday.”Our undisclosed position [is] up slightly more than double digits,” he said on the […]
Ex-Barclays Banker Del Missier Opens Hedge Fund to External Capital
(Reuters) A hedge fund firm run by the former co-CEO of Barclays investment bank Jerry del Missier and focused on the financial services industry has opened to external capital, del Missier told Reuters. Del Missier started Copper Street Capital with […]
Hedge Funds Are Facing a US Criminal Probe Over Bond Valuations
(Bloomberg) U.S. prosecutors are investigating one of Wall Street’s darkest markets, focusing on hedge funds suspected of inflating the value of debt securities in their portfolios to juice the fees they collect. Having prosecuted traders who lied to customers about […]
Law Firm Partner and Neighbor Charged in $1 Million Insider Trading Scheme
(HedgeCo.Net) The Securities and Exchange Commission today charged a former partner at an international law firm and his neighbor with making more than $1 million in illicit profits by insider trading around corporate announcements. The SEC alleges that Walter C. […]
SS&C GlobeOp: Hedge Fund Performance Index Up +0.43% in April
(FINalternatives) Hedge funds continued their hitting streak in April, according to new data from fund administrator SS&C GlobeOp, while the company’s asset flow indicator advanced. To read this article:
