Monthly Archives: June 2016
Muni Advisors Acted Deceptively With California School Districts
(HedgeCo.Net) The Securities and Exchange Commission today announced that two California-based municipal advisory firms and their executives have agreed to settle charges that they used deceptive practices when soliciting the business of five California school districts. An SEC investigation found […]
JPMorgan And Goldman U.S. Firms Thought Likely To Be Hardest Hit By BREXIT
(The Business Insider) JPMorgan Chase and Goldman Sachs are likely to be hardest hit among America’s biggest banks by a possible British disavowal of the European Union this month…Bloomberg News reports that the two U.S.-based firms are ‘most exposed to […]
Top TMT Hedge Funds Manage $188 Billion, Egerton Capital And LMR Partners Lead List Higher
(Hedgetracker) The latest Top Technology, Media and Telecom Hedge Fund list has been released, revealing that the top 75 Funds currently manage $188 billion in assets. Nineteen of the hedge funds on the top TMT list have seen their assets […]
Hedge Funds Sense Profit In Europe Shock Waves After Brexit Vote
(Bloomberg)Hedge-fund managers are sensing opportunity. After enduring the worst first-quarter returns since the start of the financial crisis, the prospect of Britain voting to leave the European Union is creating the market turmoil that can make them money. As shock […]
Judge Believes Hedge Fund Tied To Kickback Probe Can Repay $30m Loan
(New York Post) The hedge fund at the center of a scandal involving corruption charges against former Correction Officers Benevolent Association president Norman Seabrook was able to convince a Manhattan judge Monday that it has the cash to repay a […]
Gold Price: Hedge Funds Bullish Bets Highest Since 2011
(Mining.com) On Monday gold continued to bubble under the psychologically important $1,300 an ounce level following a volatile week where the metal briefly reached a nearly two-year high. In mid-day trade on Monday gold futures in New York for delivery […]
Fund Manager Franklin Templeton Bets On Higher Oil Prices
(Bloomberg) Franklin Templeton Investments, a fund manager with $740 billion in assets, is pouring money into shares of independent oil exploration and production companies, betting that crude prices will rise further. The California-based fund manager, which is among the largest […]
AllianceBernstein to buy Visium
(CNBC) CNBC’s Dominic Chu reports on hedge fund Visium Assets Management. The deal could be announced as early as today. To read this article:
Wall Street rocked by an $8 billion hedge fund’s implosion
(Business Insider) Visium Asset Management, a multibillion-dollar hedge fund, has imploded in the biggest scandal to hit the industry in years. The fund told investors of its plan to close in a letter Friday. It’s the most high-profile shutdown since […]
SEC Approves IEX Proposal to Launch National Exchange, Issues Interpretation on Automated Securities Prices Staff Issues Guidance on Speed Bumps
(HedgeCo.Net) The Securities and Exchange Commission today approved Investors’ Exchange LLC’s (IEX) application to register as a national securities exchange. At the same time, the Commission issued an updated interpretation that will require trading centers to honor automated securities prices […]
HFRX Interim Update: Hedge Funds Mixed Through Mid-June
(FinAlternatives) Hedge fund performance was mixed at June’s midway point as global financial markets collectively worried about U.S. interest rate hikes and Britain’s referendum on membership in the European Union, according to a flash update from Hedge Fund Research. The […]
Atrato Advisors Hires Vantine To Lead Credit & Event-Driven Research
(FinAlternatives) Alternative investment advisory firm Atrato Advisors has brought former Chi-Rho Financial executive Andrew Vantine aboard to lead credit and event-driven strategy research for the firm. Vantine was previously co-director of research at Chi-Rho, an Atlanta-based fund of funds and […]