Monthly Archives: May 2017
Puerto Rico Bonds That Were Bought Up by Hedge Funds Slide to New Low
(Bloomberg) Prices of bonds from Puerto Rico’s record $3.5 billion municipal junk offering in 2014 are tumbling to fresh lows. The general obligations due in 2035, many of which were bought by hedge funds when they were issued at 93 […]
Shadow Banking Activity Continues to Grow
(Reuters) Growth in global bond, real estate and money market funds continues to swell the world’s “shadow banking” sector, which provides credit outside the regulated banking system and plugged a market gap opened up by euro zone banks cutting back […]
Credit Suisse Raises Money to Chase Minority Stakes in PE and Hedge Funds
(peHUB) Another big financial institution is jumping into the race to buy minority stakes in private equity firms. Credit Suisse is in market with a fund from its Anteil Capital Partners group that will buy minority stakes in hedge funds […]
There’s One Big Trading Company That’s Loving All This Uncertainty
(Business Insider) The stock market hasn’t been this dead in 24 years, but there’s still plenty of money to be made in investment products that bet on price swings. Just ask CBOE Holdings, the world’s largest provider of volatility instruments, […]
SEC Charges Former Staffer With Securities Fraud Violations
(HedgeCo.Net) The Securities and Exchange Commission today charged a former employee with securities fraud in connection with his trading of options and other securities. The SEC’s complaint alleges that David R. Humphrey, who worked at the SEC from 1998 to […]
Eurekahedge: Hedge Fund Index Gains 0.54% In April
(FINalternatives) Hedge funds posted their fourth consecutive month of gains so far this year in April, according to a flash reading of Eurekahedge’s Hedge Fund Index, although they still underperformed broader underlying markets during the month. To read this article:
Apex Fund Services Agrees To Genstar Recap, Equinoxe Alternative Investment Services Acquisition
(FINalternatives) Global independent fund administrator Apex Fund Services has entered into agreements to be recapitalized by middle-market private equity company Genstar Capital and simultaneously acquire Equinoxe Alternative Investment Services. To read this article:
Metals Hedge Fund Red Kite Says Copper Scrap Supply Has Tightened
(Reuters) Supply of copper scrap has tightened recently after growing in the first quarter, while disruptions at major mines earlier in 2017 are hitting availability of the metal, the co-founder of metals hedge fund RK Capital Management, said on Wednesday. […]
Platform FAB Partners Buys Stake in Hedge Fund Halkin
(Reuters) Platform FAB Partners on Tuesday said it had acquired a majority stake in London-based equities hedge fund manager Halkin Asset Management, a letter to investors seen by Reuters showed. Global alternative investment platform FAB completed the deal at the […]
Here’s What Some of the World’s Top Money Managers Are Betting On
(Bloomberg) Money managers including David Einhorn and Bill Ackman descended on New York’s Lincoln Center on Monday where about 3,000 people gathered at the annual Sohn Investment Conference, one of the hedge fund industry’s marquee events, to hear the latest […]
Billionaire Carl Icahn Loses $179m on Hertz Double Down
(Bloomberg) When billionaire Carl Icahn bought into Hertz Global Holdings Inc. in summer 2014, he said he thought the shares were undervalued. With prices down almost 90 percent in the years since, he might be wishing he could take that […]
A $30bn Hedge Fund’s Market-Making Arm Just Made a Big Purchase
(The Business Insider) Two Sigma Securities, the market-making affiliate of the $30 billion hedge fund firm, is growing its brokerage business. The New York-based firm is acquiring the US options-market-making business of Timber Hill, a subsidiary of Interactive Brokers Group… […]
