Monthly Archives: May 2017
Former Head Traders at Nomura Charged With Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged a pair of former head traders who ran the commercial mortgage-backed securities (CMBS) desk at Nomura Securities International Inc. with deliberately lying to customers in order to inflate the profits of the […]
GM Says ISS Advises Against Greenlight Share Plan, Board Nominees
(Reuters) General Motors Co(GM.N) said on Saturday that proxy advisory firm Institutional Shareholder Services has recommended that shareholders vote against a slate of directors proposed by hedge fund Greenlight Capital and reject the hedge fund’s plan to divide GM shares […]
Billion Dollar Club Expands by Eight in Past Year, AUM by 6%
(FINalternatives) The exclusive club of hedge fund managers with at least $1 billion in assets under management continues to expand despite well-publicized travails in the industry, according to new research from Preqin. The so-called Billion Dollar Club has grown as […]
Paul Singer’s Elliott Management Discloses Five Major Investing Lessons
(FINalternatives) Paul Singer’s activist hedge fund manager Elliott Management has reportedly disclosed some of the core lessons it has learned over the years in a private letter to investors seen by Business Insider. To read this article:
Five Pieces of Advice From a $33bn Hedge Fund
(Economic Times of India) Elliott Management, an activist hedge fund founded by billionaire Paul Singer, laid out some of its major lessons in a private first-quarter letter to investors……“Some of these lessons needed to be actually experienced to be incorporated […]
Public Plans Must Demand a Fair Shake From Hedge Funds
(Pension & Investments) Some trustees argue the anemic performance of hedge fund portfolios has cost state pension systems an opportunity to reduce the funding gap after the recession. From 2008 until now, hedge fund returns have almost halved as compared […]
Volatility is Low – But Not as Low as You Think
(Harvest) Market volatility is unusually low these days. Does that mean investors are complacent? We don’t think so. In fact, some risk indicators suggest market participants may be less relaxed than they seem. There are plenty of things to worry […]
CFTC Proposal Holds Harsh Surprise for Asset Owners
(Pension & Investments) A little-publicized part of the latest CFTC proposal for speculative position limits on certain physical commodities could make it difficult for asset owners to comply. At issue is the proposed aggregation limit, which would be set at […]
San Francisco Fund Manager Pleads Guilty to Fraud Conspiracy
(Reuters) A San Francisco investment fund manager pleaded guilty on Thursday to conspiring to defraud investors by fabricating an impressive investing track record, New York federal prosecutors announced. Nicholas Mitsakos, who ran a fund called Matrix Capital Markets, pleaded guilty […]
Hedge Fund Got Bananas Bonanza of Inside Information
(Bloomberg) The rules of insider trading are complicated. You might think it’s as simple as “don’t trade on nonpublic information you got from an insider,” but it isn’t. There are strange and subtle rules about how you can get that […]
$33bn Hedge Fund: There Could Be a Recession if the Trump Administration Doesn’t Get its Act Together
(The Business Insider) Billionaire Paul Singer’s Elliott Management says we might be in for a recession if the Trump administration doesn’t pass reforms in taxes, regulation and health care. Trump took office with a plan to cut taxes, cut back […]
Charges Filed in Trading Scheme Involving Confidential Government Information
(HedgeCo.Net) The Securities and Exchange Commission has announced charges in an alleged insider trading scheme involving tips of nonpublic information about government plans to cut Medicare reimbursement rates, which affected the stock prices of certain publicly traded medical providers or […]