Monthly Archives: June 2016
Weiss Hedge Fund Hires Cadian’s Schubak to Make Consumer Bets
(Bloomberg) Ross Schubak, former consumer sector head at hedge fund Cadian Capital Management, has joined $1.1 billion Weiss Multi-Strategy Advisers as a portfolio manager. Schubak moved to Weiss in mid-May, where he will focus on the U.S. consumer discretionary sector, […]
Distressed Debt Trader Nate Morse Joins Aristeia Hedge Fund
(Bloomberg) Credit trader Nate Morse has joined hedge fund Aristeia Capital after leaving Luxor Capital in January as event-driven strategies struggled earlier this year. Morse, who started at Aristeia on Monday, will focus on trading high-yield credit for the $2.2 […]
SEC: Morgan Stanley Failed to Safeguard Customer Data
(HedgeCo.Net) The Securities and Exchange Commission today announced that Morgan Stanley Smith Barney LLC has agreed to pay a $1 million penalty to settle charges related to its failures to protect customer information, some of which was hacked and offered […]
Hedge Fund Manager Arrested For Paying Kickbacks To New York Union Chief
(Forbes) Federal prosecutors in Manhattan on Wednesday unsealed a criminal complaint that claimed a hedge fund manager raised $20 million from a New York City correctional officers union through kickbacks. Murray Huberfeld, who has been linked to Platinum Partners, was […]
Blackrock: Investing opportunities to consider before the second half
Blackrock: Investing opportunities to consider before the second half Harvest posted on Wed 8 Jun 2016 Permalink Print Markets today are characterized by low returns and lots of “me-too” trades, but it’s important to remember low return doesn’t mean no-return. […]
Hedge Funds Trailing Stock Rally May Be S&P 500’s Next Big Buyer
(Bloomberg) Didn’t think this year could get any worse for hedge fund managers? Guess again. As if posting their worst start to a year and suffering the biggest crush of outflows since the financial crisis wasn’t enough, hedge fund managers […]
The Fed’s to Blame For Hedge Funds’ Pain
(CNBC) Hedge funds have been underperforming for a few years, and the Federal Reserve could be to blame. Dynasty Financial CIO Scott Welch believes that some of the central bank’s policies, coupled with investors’ fears since 2008, have challenged the […]
Sequoia Fund Cuts Almost Half of Stake in Valeant
(Yahoo) Several days after appointing an investment committee and new holding restrictions in response to substantial losses on Valeant Pharmaceuticals (VRX), the Sequoia Fund sold a substantial portion of its investment in the company. The filing from a week ago […]
Brazil Hedge Fund Verde Gains in May on Global Equity Rally
(Reuters) Verde Asset Management SA, Brazil’s largest hedge fund, had a second straight month of gains in May as a global equity market rally helped offset declines in holdings of the Brazilian real and other currencies. In a letter to […]
Citadel’s Nazarali Says Image of Rigged Markets ‘Unfortunate’
(Bloomberg) U.S. stock trading is faster, cheaper and more efficient than ever before, and the perception that the market is rigged is “unfortunate,” said Jamil Nazarali, head of execution services at Citadel Securities. “There is this narrative that exists which […]
Hedge Fund Starts Testing Swedish Central Bank’s Krona Resolve
(Bloomberg) Hedge fund Ambrosia is betting the Swedish central bank will let its guard down on the krona after turning the corner in its battle to revive inflation. As inflation expectations also head up, policy makers will be able to […]
Childhood Friends Charged With Insider Trading in Pharmaceutical Stocks
(HedgeCo.NET) The Securities and Exchange Commission today charged two Rhode Island men with insider trading in the securities of deal targets being pursued by the pharmaceutical company where one of them worked. The SEC alleges that Michael J. Maciocio obtained […]