Monthly Archives: June 2017
Leon Cooperman: I Settled With the SEC Because ‘I’m Wealthy’ and an Easy Target
(HITC Business) Fresh off a settlement with government regulators regarding insider trading charges, hedge fund titan Leon Cooperman said he would have won the case but chose to settle instead. Cooperman’s firm agreed earlier this month to a $4.9 million […]
JPMorgan Trading Revenue on Pace to Drop 15% This Quarter
(Bloomberg) JPMorgan Chase & Co. said revenue from its trading businesses has dropped 15 percent so far in the second quarter from the same period a year ago because of low market volatility. Fixed-income trading is down for the first […]
Deerfield Management Execs Deny Insider Trading Charges
(FINalternatives) Deerfield Management executives Rob Olan and Ted Huber have pled not guilty along with two others to accusations they participated in an insider trading scheme that relied on information leaked by an employee of the U.S. Centers for Medicare […]
One of the Most Anticipated Hedge Fund Launches of 2017 Keeps Raising Money
(The Business Insider) One of the most anticipated hedge fund launches of the year continues to rake in fresh money, despite a rough start in terms of performance. Ben Melkman’s Light Sky Macro dropped about 3.5% from March through the […]
Billionaire Steve Cohen’s New Hedge Fund May Be Even Bigger Than His Last
(Fortune) Hedge fund billionaire Steven Cohen was banned from managing outside money until 2018 after an insider trading scandal swept through his former firm SAC Capital. Now, Cohen not only appears poised to return to the hedge fund industry, but […]
JP Morgan Asset Management Partners With Morningstar On Alternative Strategy Launch
(FINalternatives) JP Morgan has reportedly teamed with Morningstar to launch a new strategy that will provide investors with access to a synthetic basket of liquid alternative funds. To read this article:
SEC Proposes Rule Requiring Investment Advisers to Adopt Business Continuity and Transition Plans
(HedgeCo.Net) The Securities and Exchange Commission today proposed a new rule that would require registered investment advisers to adopt and implement written business continuity and transition plans. The proposed rule is designed to ensure that investment advisers have plans in […]
Market Neutral Hedge Fund Factors Breezed Through Brexit Plunge
(Bloomberg) Market neutral was the way to go after Brexit. Strategies that employ offsetting bets to orient themselves not around market moves but the performance of investment factors such as momentum and dividend yield were major winners as markets buckled […]
Soros Says Brexit Has ‘Unleashed’ a Financial-Markets Crisis
(Bloomberg) Britain’s decision to leave the European Union has “unleashed” a crisis in financial markets similar to the global financial crisis of 2007 and 2008, George Soros told the European Parliament in Brussels on Thursday. “This has been unfolding in […]
H2O Asset’s Macro Hedge Fund Lost 14.4% in Brexit Turmoil
(Bloomberg) A global macro hedge fund overseen by H2O Asset Management lost 14.4 percent in the wild market swings after the U.K.’s shock vote to exit the European Union, according to data compiled by Bloomberg. The H2O Vivace fund, which […]
Brevan Howard Said to Profit as Macro Peers Lose on Brexit Chaos
(Bloomberg) Brevan Howard Asset Management LLP’s main hedge fund made money on Friday when Britain’s decision to leave the European Union roiled global markets, according to a person with knowledge of the matter. The Brevan Howard Master Fund, which manages […]
World’s Biggest Hedge Fund Gets Bigger
(Valuewalk) Recently Japanese equity markets were hit by an ‘earthquake’. The biggest bank in Japan – Bank of Tokyo-Mitsubishi UFJ (BOTM) – resigned of his primary dealer status. The reason for such decision is the structure of government debt which […]