Monthly Archives: June 2018
Hedge funds navigate market turmoil well, says Lyxor
(Hedgeweek) Hedge funds have successfully navigated recent choppy waters, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team with the Lyxor Global Hedge Fund Index slightly down at -0.4 per cent. Strategies with the highest market beta […]
US Rate Allure Sparks Record Hedge Fund Dollar Buying, Euro Capitulation
(Reuters) Hedge funds are loading up on bullish dollar bets at the fastest pace on record, taking the Fed’s recent hawkish signal on interest rates at face value and going long the greenback for the first time in a year. […]
TCI, Axon Accuse India Real Estate Fund of $1.5 Billion Fraud
(Bloomberg) Two high-profile hedge funds accused one of India’s biggest real estate developers of defrauding its foreign investors out of as much as $1.5 billion, potentially one of the largest private equity scams ever. IREO Management engaged in a billion-dollar […]
Conviction Of SAC’s Martoma Upheld Despite Jury Instructions
(Reuters) A divided federal appeals court on Monday upheld the insider trading conviction of Mathew Martoma, a former portfolio manager for billionaire Steven A. Cohen, finding enough evidence to establish guilt despite defective jury instructions. In an unusual 2-1 decision, […]
Hedge Funds Look to Profit From Personal-Injury Suits
(New York Times) Hedges and private-equity firms are deepening their involvement in big-ticket personal-injury lawsuits against drug companies and medical device manufacturers. Investment firms are lending money to law firms that bring so-called mass torts and providing cash advances to […]
Four Reasons Why It’s Time to Get Real About Inflation
(Harvest) With the global economy moving into its late-cycle stages, we think it’s a good time to bolster portfolio inflation protection by embracing several recently unloved investments—including natural resources and commodities. To read this article:
What’s Ahead for the Bond Market?
(Harvest) The Federal Reserve this week increased its target short-term rate to a range between 1.75% and 2.00%. The move marked the latest step in the Fed’s campaign to bring monetary policy back to normal after pumping the economy full […]
Credit Ratings Analyst and Two Friends Charged with Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has charged a credit ratings agency employee with tipping two friends about The Sherwin-Williams Co.’s confidential plans to acquire The Valspar Corp., which he learned of through his work. The SEC also charged the […]
JPMorgan Chase Bank, To Pay $65 Million Penalty
(HedgeCo.Net) The Commodity Futures Trading Commission (CFTC or Commission) has issued an Order filing and settling charges against JPMorgan Chase Bank, N.A. (JPMC) for attempted manipulation of the ISDAFIX benchmark and requiring JPMC to pay a $65 million civil monetary […]
Three Steps To Success In Hedge Fund Asset Raising
Opalesque How does one get a lead in the extremely competitive environment that is the hedge fund industry – especially funds of under $100m? Don Steinbrugge, a veteran asset raiser and head of US-based marketing firm Agecroft Partners, says it […]
Texas Businessman Charged in Multi-Million Dollar Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission today filed charges against Texas resident James VanBlaricum and six others for running an oil and gas Ponzi scheme. The SEC’s complaint alleges that VanBlaricum was the driving force behind a company called Texas […]
Ackman makes fresh layoffs at Pershing Square hedge fund
(Reuters) Billionaire hedge fund manager William Ackman, whose investment assets have shrunk by more than half in the last three years, has made a second round of staff cuts and laid off three investor relations team members, two sources familiar […]