Monthly Archives: May 2018
Mistake by Terra Firma Gives H/2 Hedge Fund Possible Windfall
(Bloomberg) It pays to dot the i’s and cross the t’s. That’s the issue that has befallen British private equity chief Guy Hands who faces another setback at his fund’s struggling U.K. care home provider. When his Terra Firma Capital […]
Eisman of ‘The Big Short’ Fame Recommends Shorting Deutsche Bank
(Bloomberg) Steve Eisman, the Neuberger Berman Group money manager who famously predicted the collapse of subprime mortgages before the 2008 financial crisis, recommended shorting Deutsche Bank AG shares. “Deutsche Bank is a problem bank,” Eisman said in a Bloomberg Television […]
Fraud Charges Filed Against Texas-Based Municipal Advisor, Owner for Lying to School District
(HedgeCo.Net) The Securities and Exchange Commission has charged a registered municipal advisor and its owner with defrauding a south Texas school district in connection with multiple municipal bond offerings. The SEC’s order instituting proceedings found that in connection with three […]
Premium Point founder, members plead not guilty to fraud charges
(Reuters) The founder and two former members of New York investment firm Premium Point Investments LP on Friday pleaded not guilty to charges that they inflated the value of assets held by the firm’s hedge funds by more than $200 […]
Sober in Sin City: Hedge funds focus on work at Las Vegas event
(Reuters) A hedge fund industry gathering in Las Vegas last week was far less decadent than those of the past, as big money investors focused less on gambling and champagne-soaked “Sin City” celebrations and more on the grind of vetting […]
SS&C GlobeOp Hedge Fund Performance Index and Capital Movement Index at 0.16 per cent in April
(Hedgeweek) The gross return of the SS&C GlobeOp Hedge Fund Performance Index for April 2018 measured 0.16 per cent. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile, advanced 0.46 per cent in May. To read […]
Jeneration Capital Raising New $800 Million Fund, Sources Say
(Bloomberg) Jeneration Capital Management, a Hong Kong-based investor best known for backing technology companies, is raising about $800 million for a new fund, people familiar with the matter said. The fund will mostly target consumer technology startups with an expected […]
Hedge Fund Third Point Seeks to Launch ‘Blank-Check’ Company
(Reuters) Daniel Loeb’s activist hedge fund Third Point LLC is in talks with investment banks about launching a “blank check” company that would raise money in an initial public offering to pursue an acquisition, according to people familiar with the […]
Asian Stocks Head for the Best Week Since February
(Bloomberg) Asian stocks rallied after their U.S. counterparts gained amid relief the latest reading on American inflation suggested less need for the Federal Reserve to accelerate monetary tightening. The dollar steadied after dropping the most since March. The MSCI Asia […]
Shorting China Stocks From New York Could Get Easier
(Bloomberg) Short selling could get a little bit easier in China after the country’s domestic stocks join MSCI Inc.’s big index club. MSCI’s inclusion of onshore-listed Chinese shares next month will be a step toward increasing the pool of stock […]
That Big Hedge-Fund Short Squeeze in Treasuries Is No Sure Thing
(Bloomberg) The “weakest hands” in the world’s biggest bond market — speculators who can switch positions on a dime — appear to have a much firmer grip than they’re given credit for. Hedge funds have shown no signs of backing […]
Euro Depreciation: The Key to Unlocking the Value in European Exporters
(Harvest) One of the biggest surprises of 2017 was the fact that the euro exchange rate measured against the U.S. dollar appreciated 14%—only about 7% behind the performance of the S&P 500 Index over the same period. To read this […]
