Monthly Archives: June 2019
DealBook Briefing: Is it Time to Worry about Oil Again?
(New York Times) Attacks on two oil vessels in the Gulf of Oman yesterday have escalated fears that the Middle East’s oil supply could become constrained — especially after the U.S. accused Iran of orchestrating the assaults. Oil prices have […]
Industrial and Commercial Bank of China Affiliate to Pay More Than $42 Million for Improper Handling of ADRs
(HedgeCo.Net) The Securities and Exchange Commission has announced that Industrial and Commercial Bank of China Financial Services LLC (ICBCFS), a wholly-owned subsidiary of Industrial and Commercial Bank of China Limited, will pay more than $42 million to settle charges for […]
Private equity leads in allocations by family offices
(Opalesque) The majority of family offices investors target private equity (61%) or real estate (57%), reflecting wider industry trends across private capital and mirroring family offices’ activity since 2016, said a report. To read this article:
Asset managers with more advanced technology are growing over twice as fast as peers
(Opalesque) The asset managers with the most advanced technology operating models continue to outperform their peers in terms of revenue growth, driven by accelerated adoption of cloud, artificial intelligence (AI) and other emerging technologies. Fund managers implementing technological advances reported […]
Wilshire Liquid Alternative Index down 1.27 per cent in May
(Hedgeweek) The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -1.27 per cent in May, underperforming the -0.68 per cent monthly return of the HFRX Global Hedge Fund Index. […]
Dollar set for biggest rise in three weeks as Fed eyed
(Reuters) – The dollar rose on Friday and was set for its biggest weekly gain in three weeks as investors squared up for a U.S. central bank meeting next week where policymakers might signal when it plans to cut interest […]
Gold off 14-mth peak as strong U.S. retail sales data lifts dollar
(Reuters) – Gold prices on Monday edged away from a 14-month peak hit in the previous session, with the dollar gaining after encouraging U.S. retail sales data tempered fears about a sharp downturn in the world’s largest economy. To read […]
Hong Kong’s Financial Elite Grow Uneasy as China Tensions Rise
(Bloomberg) They executed trades, signed deals and wooed clients. But even as Hong Kong’s financial and corporate elite carried on in the face of mass demonstrations this week, a sense of unease about the city’s future was palpable in interviews […]
Jana Builds Stake in Callaway and Plans to Push for Sale
(Bloomberg) Activist investor Jana Partners has built a stake in Callaway Golf Co. and is urging the sporting goods company to launch a strategic review, including exploring a potential sale. The New York-based hedge fund run by Barry Rosenstein said […]
Hedge Fund Adviser to Pay $5 Million for Compliance Failures Related to Valuation of Fund Assets
(HedgeCo.Net) The Securities and Exchange Commission has announced that a private fund manager in the mortgage-backed securities space has agreed to pay a $5 million penalty to settle charges stemming from compliance deficiencies that contributed to the firm’s failure to […]
Long-Shot Bid for Wells Fargo CEO Gains Steam as Others Pass
(Bloomberg) More than two months into Wells Fargo & Co.’s broad search for its next leader, a pitch to keep its interim chief is gaining a bit of steam — thanks in part to the people who don’t want the […]
It’s Over: States Lose Fight Against SALT Deduction Cap
(Bloomberg) New York, New Jersey and Connecticut have been fighting a new cap on state and local tax deductions ever since it was included in the 2017 Republican tax overhaul. To read this article: