Monthly Archives: May 2018
Hedge Fund Billionaire Tepper Approved Unanimously as Panthers Owner
(Reuters) The NFL approved the sale of the Carolina Panthers to former Pittsburgh Steelers minority owner David Tepper on Tuesday by a 32-0 vote at the league’s meetings in Atlanta.“I would like to congratulate David and welcome him to the […]
Wells Fargo Asset Management launches Global Equity Absolute Return Fund
(Opalesque) Wells Fargo Asset Management (WFAM) announced the launch of the Global Equity Absolute Return Fund, a sub-fund of the Wells Fargo (Lux) Worldwide Fund, on 26 April 2018. The new fund broadens the current international product suite. The fund […]
Omega Advisors’ Cooperman Rails Against SEC After Tense $4.9m Legal Battle
(New York Post) Leon Cooperman is still smarting from his costly battle with the Securities and Exchange Commission and has some suggestions for Wall Street’s watchdogs. To prevent others from seeing their businesses harmed by regulatory overreach, Cooperman suggested the […]
Goldman’s next CEO is already shaking things up
(New York Post) A part-time DJ is in line to seize the helm at Goldman Sachs — and he’s already got the bank’s executives playing musical chairs. To read this article:
Dan Loeb Wants to Raise $400m to Target Fintech
(New York Post) The hedgie behind Third Point is looking to raise $400 million for Far Point Acquisition Corp., a so-called “blank check” acquisition company….. To read this article:
Citadel Securities ups ETF Game as Part of Growth Push
(Reuters) Citadel Securities LLC has entered the lead market making business with a small list of exchange-traded funds, and is doubling down on hiring and analytics in 2018 to keep an edge over rival electronic trading firms… To read this […]
Softbank Unit Launches $400m ‘Patent Troll’ Fund
(New York Post) SoftBank’s Fortress Investment Group is raising a $400 million fund to sue tech companies over intellectual property infringement….That’s despite the fact that SoftBank…has a $100 billion Vision fund that invests in exactly the kinds of companies targeted […]
Hedge Fund Returns Rose in April for First Gain Since January
(Bloomberg) Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven tracked fund types as managers capitalized on plunging volatility and activist and special […]
SEC Charges Three Former Healthcare Executives With Fraud
(HedgeCo.Net) The Securities and Exchange Commission has announced fraud charges against three former Constellation Healthcare Technologies Inc. executives who falsified financial and other information they provided to a private firm in the course of negotiating the private firm’s acquisition of […]
Michael Gelband to Launch Biggest Hedge Fund Startup Ever
(Bloomberg) Michael Gelband spent much of his career playing second fiddle to Wall Street chieftains. Now he’s stepping to the fore with the biggest hedge fund startup ever. His firm is expected to start next month with $8 billion, according […]
SS&C GlobeOp Forward Redemption Indicator at 3.47 per cent for May
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for May 2018 measured 3.47 per cent, up from 2.60 per cent in April To read this article:
Hyundai Shelves $8.8 Billion Deal After Elliott Pressure
(Bloomberg) Hyundai Motor Group shelved a controversial $8.8 billion deal between two units after activist hedge fund Elliott Management Corp. balked at the proposal on grounds that it would shortchange minority investors. Hyundai Mobis Co. on Monday decided to withdraw […]
