Monthly Archives: May 2016
Pandora, Inc. Buyout? A $1 Billion Hedge-Fund Manager Thinks So. (But does it make sense?)
(Fool.com) Earlier this month, hedge fund Corvex Management disclosed a sizable stake in Pandora, with the stated intent of helping to spur a sale for Pandora. This all sounds great for a business and stock that have struggled mightily in […]
Ex-Citi Trader’s Bitcoin Exchange Skirts Currency Curbs
(Bloomberg) It was after Arthur Hayes got laid off from Citigroup Inc. in 2013 that he stumbled across one of the simplest ways to make money he’d ever seen. He was living in Hong Kong and saw the price of […]
Unloved Commodity Hedge Funds Get $5 Billion Embrace on Oil Gain
(Bloomberg) The rally in oil has given a fillip to long-suffering commodities hedge funds. After four years of hemorrhaging cash and clients, managers are once again making money and winning back investors. About $5 billion has coursed into the funds […]
Scientist Turned Hedge Fund Founder Cuts Profitable Aussie Short
(Bloomberg) AE Capital, a hedge fund run by a former atmospheric scientist, trimmed bets against the Australian dollar as it gauges shifts in the world’s two biggest economies. The Australian, Canadian and New Zealand dollars will likely be the most […]
Pelargos Joins Hedge Funds’ Bet on Turnaround at Honda
(Bloomberg) Pelargos Capital BV, a Dutch hedge fund manager that’s prospered by snapping up battered stocks, is adding to its stake in Honda Motor Co. and is predicting that shares may double, joining other investors placing faith in a recovery […]
Financial Adviser Charged with Defrauding Pro Athletes
(HedgeCo.Net) A Pittsburgh financial adviser is accused of taking money without permission from the accounts of several professional athletes in order to invest in movie projects and make Ponzi-like payments. SEC examiners uncovered unauthorized withdrawals that Louis Martin Blazer III […]
eVestment: Hedge Fund Industry Assets Rise to $2.986T on Performance Gains
(FINalternatives) Despite continued net redemptions totaling $1.9 billion in April, performance gains helped boost total hedge fund industry assets by $6.86 billion to $2.986 trillion, according to the April edition of eVestment’s Hedge Fund Asset Flows Report. In spite of […]
American Beacon Teams with Man GLG for Total Return Fund
(Daily Alts) American Beacon Teams with Man GLG for Total Return Fund. For a second time, American Beacon has combined with Man Group to launch an alternative mutual fund. The new fund is the first offering from Man GLG’s recently […]
One of the most concentrated hedge fund bets is getting crushed
(Yahoo Finance) Popular hedge fund stock Signet Jewelers (SIG), the owner of mall stores Kay Jeweler’s, Zales, and Jared The Galleria of Jewelry, is getting crushed after the company’s disappointing earnings results. The company reported earnings results for the first […]
Nine Golden Rules for Getting a Promotion on Wall Street (If You’re Lucky)
(eFinancial Careers) Investment banking is an up or out industry – either you climb the corporate ladder or you get off. More likely, you fall off…..This is what you need to do. To read this article:
Event-Driven Equity – Hedge Fund Crowding Overshadows Positive Fundamental Backdrop
(Nasdaq) Selling pressure from several large hedge funds has led to meaningful underperformance in more heavily trafficked hedge fund names. The financial crisis of 2008 caused a slowdown in corporate activity that lasted for over five years. Starting in 2014, […]
Global Leaders Warn of Brexit Threat to Growth, Trade and Jobs
(Bloomberg) Group of Seven leaders warned of the risk to the global economy if Britain leaves the European Union in a referendum next month, bracketing a so-called Brexit with terrorism and the refugee crisis as a threat of “non-economic origin.” […]