Monthly Archives: May 2019
Additional Charges Filed In Insider Trading Scheme Involving NFL Player and Former Investment Banker
(HedgeCo.Net) The Securities and Exchange Commission has charged Mark “Christian” Ramsey for participating in an insider trading scheme perpetrated by a professional football player and former investment banker previously charged by the SEC for insider trading. In August 2018, the […]
‘Toxic cocktail’ brewing for U.S. asset managers
(Reuters) – Hedge fund investor Doug Kass said on Tuesday that he is shorting several investment managers, including T. Rowe Price Group Inc and Franklin Resources Inc, as they could be “the next group to feel disruption” and may be […]
Elliott Management Opposes Airline Azul on Avianca Brasil Bankruptcy Plan
(Reuters) U.S. hedge fund Elliott Management is opposing a new plan by Brazilian airline Azul SA to purchase some of the routes operated by financially troubled rival Avianca Brasil for $145 million, according to a legal document seen by Reuters. […]
Morgan Stanley’s Teflon Banker Chases Next Deal after Uber
(Bloomberg) Michael Grimes, Wall Street’s Silicon Valley whisperer, appeared headed for a comeuppance.It was 2012 and the humiliating stock-market debut of Facebook Inc. was spawning investor losses and lawsuits. That left Grimes — the offering’s architect and Morgan Stanley’s premier […]
SEC Charges Unregistered Broker Who Sold Woodbridge Securities to Retail Investors
(HedgeCo.Net) The Securities and Exchange Commission charged Charles Nilosek, a Massachusetts-based external sales agent for Woodbridge Group of Companies LLC, with illegally selling Woodbridge securities to retail investors while acting as an unregistered broker. According to the complaint, Nilosek was […]
Agilis Investment Team to Join RWC Partners
(HedgeWeek) The investment team of Agilis Investment Management, a specialist multi-strategy investment manager, is to join RWC Partners.The move will see Agilis founder Clark Fenton, along with colleagues Charles Crowson and Praveen Kanakamedala, joining RWC to form the RWC Diversified […]
Stocks slide amid trade worries, Qualcomm leads tech lower
(CNBC) Stocks pulled back on Wednesday as trade worries increased while declines in Qualcomm and retailer shares also dampened market sentiment. The Dow Jones Industrial Average fell 100.72 points to 25,776.61 as Apple lagged. The S&P 500 slipped 0.3% to […]
FundRock Opens Singapore Office
(Opalesque) FundRock has opened a new branch in Singapore headed by Timothy Walkley, Managing Director – Asia Markets. Tim has been involved in the investment management industry for over 20 years with a significant experience in Asian markets. He has […]
Opalesque Exclusive: Managing Volatility in UCITS
(Opalesque) After a couple of VIX spikes earlier this month, much has been said about trade wars and global stocks. But after reaching a high of 36 on Christmas eve, the CBOE Volatility Index, aka VIX or the fear index, […]
Fed minutes could reveal what officials are thinking about a possible ‘insurance’ rate cut
(CNBC) When the Fed releases minutes of its last meeting on Wednesday afternoon, it risks sounding a bit hawkish. Going into that meeting three weeks ago, the Fed and the markets clearly held different views on whether the central bank […]
Natixis Finds Tailwinds for ESG, but a Lack of Standards Hampers Adoption
(Opalesque) More than half (56%) of investors globally, including 61% in the US, believe companies that demonstrate higher integrity will outperform, according to a new report on Environmental, Social and Governance (ESG) investment issues released today by Natixis Investment Managers. […]
Managed Futures Posted Another Positive Month in April
(Opalesque) Managed futures posted another positive month in April with a 0.85% return according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions. Nine of BarclayHedge’s 10 CTA indices had gains in April. Year to date, […]