Monthly Archives: May 2019
Trade war fears are crushing stocks, and sell-off could keep going if there is no deal by Friday
(CNBC) Investors are worried the U.S. and China may not find enough common ground to head off a new round of tariffs later this week that could bite into global growth, squeeze profit margins and drive down stock prices. To […]
AMG invests in Garda Capital Partners
(Hedgeweek) Affiliated Managers Group (AMG) is to acquire an equity interest in Garda Capital Partners. After the closing of the transaction, the senior partners of Garda will continue to hold a majority of the equity of the business and direct […]
Citadel’s Flagship Hedge Funds Return 10% So Far This Year
(Bloomberg) Citadel, the hedge fund firm run by billionaire Ken Griffin, made 3.3 percent last month in its flagship funds, according to a person with knowledge of the firm. The gain extends the annual returns of the firm’s Kensington and […]
Top Hedge Fund Says Brazil Pessimism Could Bring Happy Surprises
(Bloomberg) A growing number of pessimists are bracing to be disappointed by Brazil’s long-delayed pension overhaul. For one of the nation’s most-watched hedge funds, that may be a good thing. The market consensus today is way less constructive than what […]
At Wells Fargo, Executives Push for Interim CEO to Keep Job
(Bloomberg) While Wells Fargo & Co.’s board looks far and wide for the bank’s next leader, some of the company’s most senior insiders have an alternative proposal: Why not keep the interim chief? Allen Parker, who joined the bank as […]
Hedge Fund Marcato Opposes Acreage’s Sale to Cannabis Producer Canopy
(Reuters)Hedge fund Marcato Capital Management said on Monday it opposed marijuana company Acreage Holdings Inc’s $3.4 billion sale to rival Canopy Growth Corp, arguing Acreage was too hasty in agreeing to a deal at too low a price. Marcato, which […]
Harvard Piles Into Hedge Funds as New Chief Overhauls Endowment
(Bloomberg) Harvard University’s N.P. “Narv” Narvekar is doubling down on an investment that has fallen out of fashion: hedge funds. Narvekar’s bet on the sophisticated, high-cost brand of money manager marks the biggest since the university hired him in 2016 […]
U.S. Court Grants Stay in PDVSA Debt Cases Due to Venezuela ‘Political Situation’
(Reuters) A U.S. court granted a 120-day stay in a legal battle between a hedge fund and Venezuela’s state-run oil company, PDVSA, over unpaid debt in light of the country’s “political situation,” according to a ruling filed on Monday. The […]
Hedge Fund Managers Present Their Best Ideas at Sohn
(Opalesque) Big name hedge fund managers gathered at the Sohn Investment Conference in New York to share their best ideas. Presenters this year offered a diverse set of opportunities from hotel chains to emerging markets. Here are the top calls. […]
Hedge funds positive again in April after robust first quarter
(MarketWatch)The Eurekahedge Hedge Fund Index was up 1.13 per cent in April, supported by the global equities which advanced on encouraging economic data and accommodative central bank policies. To read this article
Markets Wrong to Fret Medicare for All, Glenview’s Robbins Says
(Bloomberg) Investors were wrong to be fearful of the “Medicare-for-All” proposals that sent health insurer stocks plunging this year, according to Larry Robbins, founder of hedge fund firm Glenview Capital Management. “Anything that’s mandatory in health care in the U.S., […]
Uniper Rejects Activist Investor Call to Spin Off Russian Arm
(Reuters) Uniper has rejected a call from activist investor Knight Vinke to spin off its Russian arm to address regulatory concerns that have prevented Finland’s Fortum from taking full control of the German utility. Knight Vinke, which holds a 5 […]