Monthly Archives: May 2017
Ex-Wall Street Banker Convicted in $8.5m Guinea Bribery Case
(Bloomberg) A Guinea-born former Wall Street banker was convicted of laundering $8.5 million in bribes that he took while a government minister in the West African country…Mahmoud Thiam was accused in the U.S. of taking illegal payments to help China […]
Friends Don’t Let Hedge Funds Invest in Pre-IPO Fintech Startups, Marry Their Cousins
(Dealbreaker) It’s a tale as old as time: Man dreams big. Man finds knack for picking financial stocks. Man runs in-house hedge fund for major asset manager. Man chalks up years of stellar returns. Then he gets too close to […]
Why The US Economic Expansion Is Healthy
(Harvest) Matt Palazzolo, a Senior Portfolio Manager at Bernstein, recently sat down with AB’s US Senior Economist Eric Winograd to get his latest sense of the state of the US economy. He sees the expansion continuing without interruption, and the […]
European Bonds Uncork the Champagne
(Harvest) European corporate bonds led a global fixed income rally over the past five trading days, boosted by waning anxiety over the French election and strong regional growth. US Treasuries and corporate debt also gained as continued lacklustre data kept […]
AIMA/Preqin Study: Global Hedge Fund Industry Employment Up 30% Since 2010
(FINalternatives) The global hedge fund industry employs close to 400,000 people, an increase of about a third since 2010, according to new research by the Alternative Investment Management Association (AIMA) and data provider Preqin. Globally, around 115,000 staff work at […]
HFRU Composite Index Gains 0.36% in April As Equity Markets Climb
(FINalternatives) The HFRU Hedge Fund Composite Index, which measures UCITS compliant hedge funds, reversed early weakness during the month to end up +0.36% for April, according to Hedge Fund Research. To read this article:
edge Fund Manager David Einhorn Says Tesla is ‘Reminiscent of the March 2000 Dotcom Bubble’
(CNBC) Hedge fund manager David Einhorn thinks the current market environment for cult stocks is similar to the dotcom bubble.”Investors remain hypnotized by Tesla’s CEO … The enthusiasm for Tesla and other bubble basket stocks is reminiscent of the March […]
Activist Hedge Fund TCI Says Zodiac Shares Now Worth Even Less
(Reuters) Activist hedge fund TCI Fund Management on Wednesday said Zodiac Aerospace shares were now worth 7-10 euros each ($10.92), after the French firm last Friday posted a first-half loss. TCI is campaigning to pressure Zodiac suitor Safran to drop […]
Hedge-Fund Manager Concedes Losing Bet Against Buffett but Hints at ‘Doubling Down’
(CNBC) Nine years ago Ted Seides bet billionaire Warren Buffett that five hedge funds’ returns, over a 10-year-period, could beat any gains on the S&P 500. And today Seides conceded defeat…High hedge-fund fees weren’t the only reason for the loss, […]
Portfolio Manager Charged With Diverting Nearly $2 Million to Personal Account
(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges against a Massachusetts-based portfolio manager accused of diverting at least $1.95 million to his personal brokerage account from a fund over which he had trading authority. The SEC’s complaint alleges […]
Whistleblower Award of More Than Half-Million Dollars for Company Insider
(HedgeCo.Net) The Securities and Exchange Commission today announced that a company insider has earned a whistleblower award of more than $500,000 for reporting information that prompted an SEC investigation into well-hidden misconduct that resulted in an SEC enforcement action. “This […]
HFRX Global Hedge Fund Index Gains 0.42% In April
(FINalternatives) Hedge funds broadly benefitted from equity market gains and currency volatility surrounding the French election last month, according to final April data from Hedge Fund Research. To read this article:
