Monthly Archives: May 2019
SEC Freezes Assets of Online Auction Portal and Its CEO Associated with $23 Million
The Securities and Exchange Commission has filed fraud charges against Collectors Café, an online auction portal, and its chief executive officer, Mykalai Kontilai, for misappropriating over $6 million of investor funds in a $23 million offering fraud. The SEC obtained […]
Hedge funds extend positive run in April with 1.21 per cent gain, says BarclayHedge
(Hedgeweek) Hedge funds extended their run of positive returns to four straight months in April, returning 1.21 per cent for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge. To read this article:
GPP adds to prime brokerage team
(Hedgeweek) GPP, a prime broking, investor services and wealth solutions firm, has hired Andrew Rae-Moore to join its prime brokerage team. To read this article:
Wilshire Liquid Alternative index up 0.98 per cent in April
(Hedgeweek) The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.98 per cent in April, outperforming the 0.66 per cent monthly return of the HFRX Global Hedge Fund Index. […]
Jana Sells Stakes Worth More than $800 Million in Activism Shift
(Bloomberg) Jana Partners, the activist fund run by Barry Rosenstein, sold stakes in 21 companies and built no new positions in the first quarter, months after announcing plans to liquidate its passive funds. The total market value of positions that […]
Merger Arbitrage Demonstrates its Ability to Deliver Positive Returns in Adverse Conditions
(Opalesque) Merger Arbitrage again demonstrated its ability to deliver positive returns in adverse conditions, Lyxor said in its weekly brief. “This is a strategy on which we have maintained an Overweight stance over the recent quarters despite the recent underperformance,” […]
New ‘Superfunds’ Gear Up to Manage Britain’s Deficit-ridden Pensions
(Reuters) Britain’s company pension schemes, grappling with ageing former employees and low investment returns, may start to transfer their assets into new so-called superfunds in the coming weeks, according to people involved in the process.There are around 2 trillion pounds […]
Big U.S. Hedge Funds Regain Ardor for FAANGs in First Quarter
(Reuters) Some of the biggest, highest-profile U.S. hedge fund investors and money managers fell back in love with FAANGs in the first quarter, according to regulatory filings released on Wednesday. After dumping shares of Facebook Inc, Apple Inc, Amazon.com Inc, […]
Unorthodox Data Commands Premium Price from Investors
(Forbes) What kind of data can help hedge fund traders and portfolio managers decide when to to be short and when to go long? Earnings transcripts? SEC filings? Sure, but also, perhaps, where the company’s jets fly their top executives. […]
Investors in Forex Trading Firm Hudspiths Could Lose Millions as Company Faces CVA
(City A.M) Investors in a forex trading scheme that promised stellar returns could lose millions of pounds as the company teeters on the brink.Swindon-based Hudspiths fought off a winding up petition in the High Court today brought by 31 creditors […]
Quadratic Capital Management Debuts First of its Kind Fixed Income ETF
(Opalesque) Quadratic Capital Management has launched a first of its kind fixed income ETF that uses OTC fixed income options. Quadratic Interest Rate Volatility and Inflation Hedge ETF (NYSE Arca: IVOL), is designed to profit from an increase in fixed […]
Jury Finds Brokerage Firm and Two of Its Executives Liable for Fraud
(HedgeCo.Net) Jurors in Manhattan federal court have returned a verdict in the Securities and Exchange Commission’s favor against a brokerage firm and two of its executives. The SEC charged the brokerage firm, Portfolio Advisors Alliance Inc. (PAA), Howard J. Allen, […]