Monthly Archives: May 2018
The Terrible Trauma of Finding an Original Name for Your Hedge Fund
(eFinancial) Leaving banking and starting your own hedge fund is not an easy business. Hedge funds are closing down all over the place, even crytpo funds which were the most recent shiny thing. Raising investor money is not easy. Achieving […]
Firm, CEO Settle Charges in Ponzi-Like Scheme Involving Life Settlements
(HedgeCo.Net) The Securities and Exchange Commission has announced that a New Jersey-based firm and its CEO have agreed to pay more than $4 million to settle charges that they used new investor money to repay earlier investors in Ponzi-like fashion […]
Lxyor: Hedge Fund Index Down -0.8% On CTA, Macro Fund Weakness
(FINalternatives) Hedge funds dropped last week as global macro and CTA funds ran into equity and energy market headwinds, according to the new research from Lyxor Asset Management. To read this article:
Barclays Wins Trader Lawsuit
(HITC Business) A Barclays trader fired amid a global probe into foreign-exchange market manipulation lost his lawsuit against the bank after a judge ruled the bank was right to dismiss him for revealing confidential information to rivals and using sexually […]
Gulati’s Hedge Fund Pummeled as Equity Markets Evade Volatility
(Bloomberg) It’s been a long and painful year for hedge fund manager Deepak Gulati, who finds himself on the wrong side of one of the most profitable trades in town. His Argentiere Fund lost money for 14 straight months through […]
Some Hedge Funds Still Merit 2-And-20, HC2’s Falcone Says
(Bloomberg) Some hedge fund managers still deserve to earn 2-and-20 fees, according to Philip Falcone, the former hedge-fund manager who’s now chief executive officer of HC2 Holdings Inc.Investors may pay such fees for funds that are able to beat indexes, […]
Once Considered the Titans of Wall Street, Hedge Fund Managers Are in Trouble
(The Washington Post) Long considered the titans of Wall Street, hedge fund managers have long thrived under a simple premise: They are smarter than the average investor and can produce bigger profits. That image of the slick, well-connected trader, making […]
HFSB Assumes Oversight For Open Protocol Risk Reporting
(Hedge Fund Standards Board) The Hedge Fund Standards Board (HFSB), the global standard-setting body for the alternative investment industry, has become Co-Chair of the Open Protocol Working Group. The Open Protocol template standardises the collection and representation of risk information […]
SCOTUS Rejects Lynn Tilton’s Petition Against SEC ALJ’s
(FINalternatives) The United States Supreme Court has refused to hear a petition by Lynn Tilton and her firm Patriarch Partners in a long-running SEC case that put the spotlight on the regulator’s use of administrative law judges. To read this […]
Bitcoin is Outperforming Major Assets but Hedge Funds Are Still Staying Away
(CNBC) Bitcoin hit an all-time high last week, marking a year-to-date rally of 180 percent and potentially stellar returns for those who bet on the cryptocurrency, but it appears hedge funds are still not ready to touch the asset class. […]
NYHFR Survey Finds Marijuana, Sports Teams Among Most Appealing ‘Alternative’ Alternatives
(FINalternatives) The alternative investment community is a fan of marijuana, at least from an investment perspective, along with art, jewels, wine, sports teams and other “alternative” opportunities, according to a new survey by the New York Hedge Fund Roundtable. To […]
Purported Hedge Fund Manager Pleads Guilty To Fraud Conspiracy Charges
(FINalternatives) Matrix Capital Markets founder Nicholas Mitsakos has pled guilty in Manhattan federal court to one count of conspiracy to commit securities and wire fraud, nearly a year after he was arrested in August 2016. To read this article: