Monthly Archives: May 2019
At First 2020 Event, Biden Sets Up Battle with Trump Over Union Vote
(Reuters) – Former U.S. Vice President Joe Biden made clear on Monday at his first event as a presidential candidate that he stands ready to battle President Donald Trump for the support of the blue-collar workers who were key to […]
New eVestment report focuses on institutional separate account fees
(Hedgeweek) How much institutional investors pay in asset management fees continues to be a hot topic, but hard data about the difference between what asset managers say they charge and actual fees charged has been hard to come by. To […]
New Funds Targeting China’s Nasdaq-style Tech Board in Hot Demand
(Reuters) – China’s first batch of mutual funds targeting Shanghai’s Nasdaq-style technology board have sold out quickly, reflecting keen investor interest in the sector and also raising concerns about price bubbles on the new board set to launch as early […]
Hedge fund Voce urges Argo to slash expenses, nominates five directors
(Reuters) – An activist hedge fund on Tuesday nominated five directors and urged insurance company Argo Group International Holdings Ltd to cut $100 million in expenses, including corporate jets and housing for its chief executive. Voce Capital Management LLC wants […]
Hedge fund Vor Capital secures investment from Borealis Strategic
(Reuters) – Borealis Strategic Capital Partners, which invests in new hedge funds, has written its first check to commit capital to Europe-oriented stock fund Vor Capital. Vor Capital launched a year ago with a plan to invest in mid-sized European […]
Steve Cohen’s Hedge Fund Point72 Seeks Another $1 Billion
(Bloomberg) Steve Cohen is aiming for more. His Point72 Asset Management, which attracted $5 billion in outside capital last year in a comeback for the hedge fund investor, is seeking to raise an additional $1 billion between May 1 and […]
Ex-Hedge Fund COO Says He Helped Hide Company’s Dire Finances
(Bloomberg) A former executive at the defunct hedge fund Platinum Partners said he helped his colleagues hide the company’s true financial condition from investors as they increasingly sought to pull their money out of the firm before it collapsed. To […]
SEC Obtains Asset Freeze in Connection with Alleged Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has announced the entry of an emergency court order freezing assets related to alleged insider trading that yielded approximately $2.5 million in profits in connection with the April 12, 2019 announcement that oil-and-gas conglomerate […]
Biggest Bond Rally Since 2016 Came at Right Time for Hedge Funds
(Bloomberg) Speculators in Treasuries futures proved prescient coming into this week: They turned bullish on two-year notes and pared short bets on 10-year debt heading into the biggest bond-market rally since 2016. An escalating political crisis in Italy roiled financial […]
DHI’s Stock Rockets after TCS Discloses Large Equity Stake
(Marketwatch) DHI Group Inc.’s stock rocketed 26% in afternoon trade Tuesday, toward a seven-month closing high, after the employment connections services provider disclosed that hedge fund TCS Capital Management LLC had acquired a large stake in the DHI and expressed […]
Traders split on success of MiFID II
(Hedgeweek) Traders disagree over whether MiFID II has been successful, according to new research by SIX, with a combined 70 per cent of traders surveyed by the Swiss exchange believing that trading has become more transparent – a key goal […]
Strong uncertainty in markets boosted net sales of multi-asset funds in March, says EFAMA
(Hedgeweek) Net sales of UCITS and AIFs totalled EUR47 billion in March 2018, up from EUR25 billion in February, according to the latest Investment Funds Industry Fact Sheet from the European Fund and Asset Management Association (EFAMA) To read this […]
