Monthly Archives: June 2016
Asian Traders ‘Seasick’ as UK Votes for Brexit
(Reuters) Asian currency, bond and equity traders kicked off an early day of choppy trading as a British vote to leave the European Union sent shivers across trading floors, having kept many investors glued to their television screens. Trading desks […]
Top Volatility Hedge Fund Sees ‘No Model’ for Trading Rout
(Bloomberg) Rune Madsen is having a pretty good week. His Runestone Capital Fund has managed to avoid losses even as global markets slipped into spasm after U.K. voters opted out of the European Union. The $10 million volatility hedge fund […]
After Setbacks, N.Y. Prosecutors Resume Insider Trading Crackdown
(Reuters) Federal prosecutors in Manhattan are pursuing insider trading cases on a pace not seen since 2012 – before a major appellate ruling limited their ability to bring charges against hedge fund managers and other traders. So far this year, […]
ALPS and RiverFront Partner to Launch Nontraditional Bond ETF
(Daily Alts) ALPS and RiverFront Partner to Launch Nontraditional Bond ETFThe first nine days of June saw no launches of new alternative mutual funds or ETFs, but on June 10, a pair of new liquid alts debuted. One of them […]
Mariner Investment’s Co-CIO Williams to Leave $5.5 Billion Firm
(Bloomberg) Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed. Williams will stay in his role until the end of the month, after which the firm’s […]
Hedge Fund Wins Battle to Remove Board Members at NH Hotels
(Evening Standard) A UK hedge fund has won a high-stakes boardroom battle at boutique hotels chain NH Hotels after shareholders voted to boot out the chairman and three other members. Mayfair-based Oceanwood Capital led an activist campaign against the four, […]
SEC Sues UK-Based Trader for Account Intrusion Scheme
(HedgeCo.Net) — The Securities and Exchange Commission today announced it has obtained an emergency court order to freeze the assets of a United Kingdom resident charged with intruding into the online brokerage accounts of U.S. investors to make unauthorized stock […]
FBI Raids Platinum As Hedge Fund Returns, Operations Come In Focus
(Bloomberg) Platinum Partners’ offices were raided by federal agents looking into the hedge fund’s operations after a manager at the firm was charged this month with bribing a union chief, according to a person familiar with the matter. The raid […]
Hedge Funds Still Can’t Figure Out a Way to Avoid a $25 Billion Tax Bill
(Bloomberg) The tax man cometh for some of the richest money managers in the U.S. They’ve had eight years to dream up a dodge. So far, no luck. The deadline they face is Dec. 31, 2017. That’s when a loophole […]
A $541 Million Loss Haunts Deutsche Bank And Former Trader
(Bloomberg) Troy Dixon had hit the big time: he’d gone, as they say in his old neighborhood, from “Hollis to Hollywood.” It was a June night last year at the Apollo Theater, the legendary Harlem spot that’s helped launch stars […]
Hedge Funds’ Misery Exposed as Caribbean Proxies Dump Treasuries
(Bloomberg) The fallout from hedge funds’ roughest stretch since the financial crisis is seeping into the world’s investment haven. Caribbean-domiciled investors, considered a proxy for hedge funds and other leveraged accounts, dumped Treasuries by the yacht-load in April, offloading a […]
Hedge Fund Bets On Europe
(Yahoo News) Pieter Taselaar, Lucerne Capital Management Hedge Fund Manager, discusses his European plays and what investors should be looking at ahead of the Brexit referendum. To read this article: