Monthly Archives: June 2016
The Hedge Fund Unit At UBS Has Gone On A Hiring Spree
(The Business Insider) Swiss bank UBS Group is expanding an internal hedge fund under new chief investment officer Kevin Russell. UBS O’Connor, the $5.6 billion multi-strategy fund unit of UBS Asset Management, has hired 7 portfolio managers for new roles […]
China Bear Warns Against Too Much Pessimism
(Bloomberg) Forget about the “precarious” state of China’s banking system seen by hedge fund manager Kyle Bass. And the George Soros notion that China resembles the U.S. before its 2008 subprime crisis. Long-time China bear Jim Walker says the biggest […]
Digital First Media Workers Take on Alden Global Capital Hedge Fund
(HedgeCo.Net) Digital First Media workers and advocates for responsible and quality journalism are launching a campaign to demand investor transparency by Alden Global Capital, the hedge fund that purchased Digital First Media newspapers and properties beginning in 2009. Alden has […]
Hedge Fund Managers and Former Government Official Charged in $32 Million Insider Trading Scheme
(HedgeCo.Net) The Securities and Exchange Commission today announced insider trading charges against two hedge fund managers and their source, a former government official accused of deceptively obtaining confidential information from the U.S. Food and Drug Administration (FDA). A third hedge […]
Institutional Investors Turn to Alts to Boost Returns
(Daily Alts) Institutional Investors Turn to Alts to Boost ReturnsBNY Mellon has partnered with FT Remark to produce a white paper titled Split Decisions, based on the survey responses of 400 senior executives at institutional investment firms (conducted by BNY […]
Time To Prepare For A Recession
(Harvest) After seven years of expansion, the US economy appears to be headed for a recession. Earlier this month, a weak jobs report bolstered fears that hiring has been slowing and hundreds of thousands have been dropping out of the […]
Top Energy Hedge Funds Manage $81 Billion in Energy Assets; Harvest Fund Advisors Grabs Top Spot for the First Time
(Hedgetracker) The Top Energy Hedge Funds list has been released, revealing that the largest hedge fund investors in Energy companies manage more than $81 billion in energy assets. 13 of the hedge funds on this quarter’s list devoted more than […]
Meet The Hedge Fund Activist Shaking Up The Market’s Best-Performing Asset Class
(Forbes) One of the most successful REIT investors today is an activist in the tradition of Carl Icahn, only a lot smaller. Meet Jonathan Litt of Land & Buildings Investment Management, a hedge fund based in Stamford, Conn. His specialties […]
Visium’s Valvani Charged With Insider Trading on FDA Leaks
(Reuters) A Manhattan hedge fund manager was charged on Wednesday with trading on confidential tips about drug approvals, in one of the biggest insider trading cases since a 2014 court ruling made it harder for U.S. prosecutors to pursue them. […]
Hedge Funds Asked to Take a Hit as Iceland Frees $2.4 Billion
(Bloomberg) Hedge funds will be asked to take a hit as Iceland embarks on the last crucial step in dismantling its more than seven-year-old capital control regime. The central bank is on Thursday offering part of its foreign currency reserves […]
Machines Beat Humans in Hedge Fund Quest to Time Market Bottom
(Bloomberg) In a historically bad year for hedge funds, one of their close relatives is thriving. Computer-driven quants, which pick shares based on factors like momentum and size, have been the only hedge fund category to increase stock holdings in […]
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 […]