Monthly Archives: May 2019
Is This Europe’s Least Tempting Corporate Vacancy?
(Bloomberg) To pick up Elliot Management Corp as an activist investor is unfortunate. Having another hedge fund agitator in the form of Knight Vinke must be misery, especially when it’s making rival demands. Add in a bidder with a blocking […]
Icahn Discloses U.S. Probe into Sale of Manitowoc Shares
(Reuters) Federal prosecutors in Manhattan asked billionaire investor Carl Icahn’s company for information about trades in crane maker Manitowoc, Icahn Enterprises disclosed in a regulatory filing on Thursday, in its first acknowledgement of such a probe. Icahn Enterprises said it […]
Warren Buffett’s Case for Capitalism
(New York Times) It is called “Woodstock for Capitalists” for a reason. More than 40,000 investors descended on Omaha this weekend for Berkshire Hathaway’s annual meeting, in celebration of an economic model that has come under attack over the past […]
Criminal sentencing of Former JP Morgan Chase Trader Delayed as Federal Probe Continues
(CNBC) The criminal sentencing of former J.P. Morgan Chase precious metals trader John Edmonds has been postponed six more months, to December, as federal investigators continue to probe possible manipulation of metals markets. Edmonds, 37, pleaded guilty in October in […]
Sapphire Glass Manufacturer and Former CEO Charged With Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged a New Hampshire-based company and its former CEO with misleading investors about the company’s ability to supply “sapphire glass” for Apple’s iPhones. The company, GT Advanced Technologies Inc., also is found to […]
Doubts about trade deal sour markets and create new risks in week ahead
(CNBC) Markets start the week on a negative footing, after U.S. President Donald Trump on Sunday tweeted threats of new tariffs on China and indicated trade talks may have hit a rough patch.Investors had been hoping to see signs that […]
EEX power derivatives markets increase by 35 per cent
(Hedgeweek) The European Energy Exchange (EEX) increased volumes on its power derivatives markets by 35 per cent to 331.9 TWh in April (April 2018: 246.6 TWh). In particular, volumes traded in the German Phelix-DE product (232.2 TWh, +82 per cent) […]
Funds dig deeper into bearish CBOT bets as heavy stocks, trade war weigh
(Reuters) – Heavy world stocks, trade conflicts, and demand disruptions have led speculators to end April on a record bearish note across Chicago-traded grains and oilseeds, and a sharp reversal in investor attitude anytime soon seems unlikely. To read this […]
Oil market will tighten sharply when U.S. refineries return from maintenance
(Reuters) – U.S. commercial crude oil inventories have been rising in recent weeks, which some observers have interpreted as evidence the global oil market is adequately supplied and blame for a sudden decline in oil prices. To read this article:
Elliott wants Whitbread to offload chunks of its property portfolio:
(Reuters) – Elliott Advisors has become increasingly frustrated with Whitbread Plc’s strategy of owning Premier Inn hotels outright and wants the company to offload chunks of its 5.8 billion pound ($7.64 billion) property portfolio, the Sunday Telegraph reported. To read […]
Nektar Shuts $1 Billion Hedge Fund as Main Backer Pulls Out
(Bloomberg) Nektar Asset Management is shutting down its money pool after its largest backer pulled out, adding to a growing list of hedge funds that have thrown in the towel. Brummer & Partners, an investor since 2002, said it will […]
Hedge Funds Resurrect CDO Trade, Saying this Time It Will Work
(Pensions & Investments) Hedge funds and other investors are reviving a type of securitized product that blew up during the financial crisis. This time around they’re convinced that the structures will not only weather the next downturn, but might even […]