Monthly Archives: June 2018
Hedge Fund Pelorus Jack Capital Is Said to Close After One Year
(Bloomberg) Pelorus Jack Capital, a long-short equity hedge fund started by an alum of John Burbank’s Passport Capital, is shutting after about a year of trading, according to people with knowledge of the matter. To read this article:
Pastor Indicted for Alleged Scheme to Defraud Investors
(HedgeCo.Net) A Michigan Pastor is facing charged of Mail Fraud and Wire Fraud after allegedly taking investors money and using it for his own personal benefit. According to the indictment, Larry A. Holley, who is a pastor at Abundant Life […]
Pantera’s 19-Year-Old Whiz Kid Hired by Coinbase Founder’s Fund
(Bloomberg) In the cryptocurrency world, if you haven’t made partner before you turn 20, what are you doing with your life? Charles Noyes, an Orange County, California, native who left high school early in 2016 to attend Massachusetts Institute of […]
Regulated Crypto Custody Is (Almost) Here. It’s a Game Changer
(Bloomberg) Hedge fund manager Kyle Samani embraces his job making multimillion-dollar bets on the wild market for cryptocurrencies, but he’s long contended with a headache: Ensuring his holdings aren’t stolen. To read this article:
Hedge funds score hat trick with euro, yield curve, volatility bets
(Reuters) The euro is weakening, the U.S. yield curve is flattening, volatility is falling and last week, hedge funds were on the right side of all three moves. The euro had its biggest fall in two years last Thursday, the […]
Dromeus launches new fund to invest in Greek commercial real estate
(Reuters) – Dromeus Capital, an emerging markets hedge fund firm, plans to invest 200 million euros ($231.82 million) in Greek commercial real estate through the launch of a new fund, taking advantage of undervalued properties, executives told Reuters on Monday. […]
Hedge funds continue gently selling oil while watching OPEC and tariffs:
(Reuters) – Investors continued to reduce their overall bullish position in petroleum, but profit-taking concentrated on fuels while signs of stabilization emerged in crude. Hedge funds and other money managers cut their combined net long position in the six most […]
BIS Wants Tighter Rules For Funds Offering Credit, Fintech
(Reuters) Regulations introduced after the financial crisis a decade ago to smooth out banking booms and busts should be extended to funds that provide credit, or shadow banks, and fintech firms, the Bank for International Settlements (BIS) said on Sunday. […]
Crispin Odey Puts Mining Deal In Jeopardy
(Times Online) Hedge fund tycoon Crispin Odey is threatening to torpedo a deal that would settle a long-running tax dispute between London-listed Acacia Mining and the Tanzanian government. Odey has written to the UK Listing Authority (UKLA) raising concerns over […]
Hedge Fund Stock Pitches: Are You The Beneficiary Or The Product?
(Seeking Alpha) A new study shows that hedge funds pitching stocks at well-attended conference sell their ‘high-conviction’ ideas following the conference. Overall returns, nonetheless, remain above average. To read this article:
Investment Adviser and Two Former Managers Charged With Misleading Retail Clients
(HedgeCo.Net) The Securities and Exchange Commission today announced that New York-based investment adviser deVere USA, Inc. has agreed to pay an $8 million civil penalty related to its failure to disclose conflicts of interest to its retail clients. The settlement […]
Trump Approves Tariffs on $50 Billion of Chinese Goods
(Bloomberg) President Donald Trump has approved tariffs on Chinese goods worth about $50 billion, said a person familiar with the decision, ratcheting up a confrontation on trade as Beijing warns of an immediate response. The Trump administration is preparing to […]