Monthly Archives: May 2018
Hedge Fund Third Point Pushes United Tech to Break Up
(Reuters) Billionaire investor Daniel Loeb’s Third Point on Friday urged United Technologies Corp (UTX.N) to move more forcefully in pursuing a breakup into three businesses, arguing this could unlock $20 billion in value.The New York-based hedge fund, which owns a […]
Jana, Conagra End Standstill as Pinnacle Foods Comes Under Pressure to Sell
(Reuters) ConAgra Brands Inc (CAG.N), the maker of Hunt’s ketchup and Marie Callender’s microwave dinners, said on Friday it had ended a standstill agreement with Jana Partners LLC, the activist hedge fund pushing for a sale of Pinnacle Foods Inc […]
Ex-Everest Hedge Fund Managers Turn Activists on Japan Stock
(Bloomberg) Volta Global, the family office run by former managers of hedge fund firm Everest Capital, has turned to activism in Japan. Miami-based Volta’s first target is a small construction company: it’s asking Asanuma Corp. to spend 10 billion yen […]
Will Markets Remain Cool About Italy?
(Harvest) Economic growth and moderating political views may allay concerns.It’s been nearly two months since Italians went to the polls, but government formation remains elusive. As negotiations continue, the chances of a repeat election are rising, possibly preceded by a […]
ETF Trends Show Cautious Optimism For 2018
(Harvest) “A clock in a thunderstorm.” That’s how Robert Louis Stevenson described those fortunate, unflappable souls who move through life’s ups and downs at their own pace, without getting rattled by the behavior of others.That picture of equanimity could also […]
Trump is Setting up High Stakes Trade Fights That Could End in Economic Disaster
(The Business Insider) President Donald Trump’s increasingly antagonistic trade policy is setting the US on a collision course with two major economic powers; China and the European Union. The fights could have major implications for the global economy….. At worst, […]
Hedge Fund Recruiter Says Graduates Should Think Twice About Going Into The Industry
(The Business Insider) Adam Zoia, a Wall Street recruiting veteran, tells Business Insider that young graduates shouldn’t get into the hedge fund business to make a quick buck. Young graduates seeking jobs at hedge funds should think twice about joining […]
Bond-Trader Crackdown by U.S. Flops With Litvak, Demos Walking Free
(Bloomberg) The cases struck fear into the hearts of Wall Street bond traders, and with reason. They hinged on a simple argument by prosecutors: Traders’ lies are illegal. Yet in a matter of hours on Thursday, two of the higher-profile […]
Former Millennium Trader Dodson to Start New Oil Hedge Fund
(Bloomberg) Andrew Dodson, a former partner at Izzy Englander’s Millennium Management, has set up a new fund to trade oil, bucking the trend of closures among commodities hedge funds in recent years. To read this article:
Massachusetts Hedge Fund Manager Gets Six Years in Prison for Fraud
(Reuters) A Massachusetts hedge fund manager was sentenced on Thursday to six years in prison for defrauding investors in a scheme that prosecutors said cost his clients over $10.5 million and allowed him to fund a lavish lifestyle. Yasuna Murakami, […]
D.C. Consultant Among Four Guilty in Political Intelligence Case
(Bloomberg) A jury’s verdict sent a warning to Washington’s political intelligence industry and funds that rely on it: Trading on government secrets is as risky as using insider corporate information. David Blaszczak, a Washington consultant who gave hedge funds advance […]
Judge Upholds Former Goldman Programmer’s Theft Conviction
(New York Post) It looks like dark times ahead for this “Flash Boy.” A New York state appeals judge upheld a conviction against former Goldman Sachs programmer Sergey Aleynikov on Thursday — likely ending a nine-year court saga over the […]
