Monthly Archives: June 2017
Brokerage Firm Charged With Failing to Comply With Anti-Money Laundering Laws
(HedgeCo.Net) A Salt Lake City-based brokerage firm has been charged with securities law violations by the SEC related to its alleged practice of clearing transactions for microcap-stocks that were used in manipulative schemes to harm investors. To help detect potential […]
BlackRock, Elliott and Pimco Want Changes to Finance Rules
(Bloomberg) BlackRock Inc. wants Congress to change an aspect of the Volcker Rule that is causing headaches within its hedge fund business. Billionaire Paul Singer wants risky derivative bets curtailed and says regulators should lose their authority to step in […]
One of the Hottest Hedge Fund Launches of the Year Might’ve Found Itself a Name
(The Business Insider) It looks like a highly anticipated hedge fund that has been taking talent from Izzy Englander’s $35 billion fund has a potential name: ExodusPoint. The name was registered in a filing by Michael Gelband, and has been […]
Goldman Sachs Asset Management Raises $7B For New PE Secondaries Fund
(FINalternatives) Goldman Sachs Asset Management (GSAM) has reportedly raised more than $7 billion for a new private equity secondaries fund, significantly exceeding its $5 billion target. To read this article:
Eurekahedge: Hedge Fund Index Climbs 0.31% in May
(FINalternatives) Hedge funds booked their fifth consecutive month in the plus column in May, according to a flash reading of Eurekahedge’s Hedge Fund Index, although they again underperformed broader market measures for the month. To read this article:
US Hedge Funds Walk Tightrope for Sole Control of Co-Op Bank
(Bloomberg) Co-Operative Bank Plc’s U.S. hedge fund owners are treading a fine line as they attempt to secure control of the British bank that put itself up for sale amid a capital shortfall. Some of the top bondholders — led […]
Safran Shareholders Approve Plan to Buy Zodiac Aerospace
(Reuters) Shareholders in Safran on Thursday backed resolutions that will free the French aero engine maker to pursue an agreed takeover of parts maker Zodiac. The planned merger would create the world’s third-largest aerospace supplier after U.S companies United Technologies […]
O’Brien Investment Group Launches New Global Macro Fund
(FINalternatives) Chicago-based O’Brien Investment Group has launched a new discretionary global macro hedge fund that will be managed by chief investment officer and former Goldman Sachs executive Monica Fuentes. To read this article:
Credit Suisse: Hedge Funds Can’t Get Enough of These 9 Stocks
(The Business Insider) Everyone loves stocks that promise strong performance.mCredit Suisse recently released a list of some of the best stocks according to hedge funds. The list was created by looking at large-cap companies that saw a big increase in […]
Catalyst Funds to acquire Exceed Defined Shield Fund
(Opalesque) Catalyst Funds, an alternative-focused mutual fund company, announced it will acquire the Exceed Defined Shield Index Fund. The acquisition will rebrand the mutual fund as the Catalyst Exceed Defined Shield Fund (SHIIX). It will maintain the same investment strategy […]
Hedge Funds are Crushing it With a Trade That Anyone Can Replicate
(The Business Insider) Hedge funds are using exchange-traded funds to make a killer bet. Markets Insider recently wrote about the most popular ETFs among hedge funds, and it turns out the two most popular funds have something in common. Vanguard […]
Only 10% of Investors are Fundamental Investors
(Harvest) This week I am kicking off my first podcast edition with a discussion of an amazing insight from JP Morgan: only 10% of current market trades are from investors who are fundamental traders. I talk about why we believe […]