Monthly Archives: May 2019
Oil Prices Correct Lower on Hedge Fund Sales
(Reuters) Hedge fund managers have started to increase their bearish oil positions for the first time since the start of the year, amid signs the previous bull run had become overextended and prices were ripe for a correction. Hedge funds […]
GoldenTree Asset Management Names Christopher Hayward as President
(Opalesque) GoldenTree Asset Management, a global credit manager, announced that Christopher Hayward has been named Partner, President and member of the Executive Committee. Mr. Hayward succeeds Robert Matza who is retiring. To read this article:
Adam S. Aderton Named co-chief of SEC’s Asset Management Unit
(Opalesque) The Securities and Exchange Commission announced that Adam S. Aderton has been named Co-Chief of the Division of Enforcement’s Asset Management Unit, a national specialized unit that focuses on misconduct by investment advisers, investment companies, and private funds. He […]
Continental Europe Investors and Consultants Giving Hedge Funds Another Look, Says EeVestment Report
(HedgeWeek) The hedge fund industry continues to see asset redemptions despite performance that’s outpacing 2018’s challenging results, as reported by eVestment in April. Now at least one set of investors and consultants – those in continental Europe – appear to […]
Final Judgment Against Former Broker for Defrauding Customers
(HedgeCo.Net) A federal district court has entered a final consent judgment against a broker who was charged with defrauding customers by making unsuitable and unauthorized trades and churning customers’ accounts, which enriched the broker at the customers’ expense. The SEC’s […]
Healthcare, bullish bets dominate hedge-fund Sohn Investment Conference picks
(Reuters) – Big-name hedge fund managers, including David Einhorn and Larry Robbins, pitched stock ideas ranging from airplane lessors to biotech companies that are working to extend the human lifespan at the Sohn Investment Conference in New York on Monday. […]
Diamond Standard launches fungible diamond commodity
(Hedgeweek) One-year-old startup the Diamond Standard Co has launched the world’s first fungible diamond commodity product – a universal asset to secure any digital transaction. To read this article:
Hedge funds target Centene, may oppose WellCare deal
(Reuters) – Hedge funds Corvex Management LP and Sachem Head Capital Management LP have built stakes in U.S. health insurer Centene Corp and are exploring challenging its planned $17.3 billion acquisition of WellCare Health Plans Inc, people familiar with the […]
Wall St. falls as White House vows to raise China tariffs
(Reuters) – U.S. stocks fell on Monday after President Donald Trump pledged to raise tariffs on Chinese goods, though Wall Street finished well off its session lows as some investors saw Trump’s comments as a bargaining tactic and expressed confidence […]
Glenview Capital Lost $2 Billion in Assets in about Nine Months
(Bloomberg) Glenview Capital Management lost about $2 billion in assets in less than a year as investors fled a fund that began charging fees after it was initially free. The hedge fund firm founded by Larry Robbins managed $7.7 billion […]
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. To read this article:
Buffett Slams Private Equity Over Inflated Returns, Debt
(Bloomberg) Warren Buffett, who has long slammed the hedge fund industry for charging high fees, escalated his criticism of private-equity firms that have been raising record sums of money in recent years. To read this article: