Monthly Archives: June 2018
NYSE Comes Out Swinging In SEC Pricing Test, Pitting Itself Against Major Pensions And Fund Managers
(CNBC) At issue is the SEC’s plan to run a pilot test of how the stock market is affected by the transaction fees and rebates that exchanges use to attract trade orders from brokers. NYSE argues that the SEC’s test […]
Procter & Gamble Shares Rise After Activist Peltz Says His Reorganization Plan Under ‘Very Serious Consideration’
(CNBC) Shares of Procter & Gamble rose Thursday after Trian Partners’ Nelson Peltz indicates his proposal for reorganizing the company is gaining traction. To read this article:
A Founding Partner At Struggling Hedge Fund Tourbillon Has Bailed
(The Business Insider) Amy Zipper, the chief operating officer and president, left last week, people familiar with the matter said. Tourbillon’s assets have significantly dropped while the fund has underperformed…. To read this article:
SEC Charges Long Island Investment Professional in $8 Million Scam Targeting Long-Standing Brokerage
(HedgeCo.Net) The Securities and Exchange Commission has charged a former registered representative with defrauding long-standing brokerage customers in an $8 million investment scam. According to the SEC’s complaint, Steven Pagartanis, who was affiliated with a registered broker-dealer, told some investors […]
Automation is top priority for traders
(Hedgeweek) Seventy one per cent of buy-side heads of trading and FX regard automation as their biggest priority, followed by 49 per cent who cite finding alternative methods to source liquidity as their prime concern. To read this article:
Elliott’s Singer agrees with Buffett, Dimon on profit guidance
(Reuters) Hedge fund Elliott Management Corp Chief Executive Paul Singer said on Thursday he agreed with billionaire investor Warren Buffett and JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon that companies should move away from providing quarterly earnings guidance. To […]
Germany’s E.ON Puts Fate Of Uniper Management In Fortum’s Hands
(Reuters) A vote that could have triggered a probe into whether managers of German energy company Uniper (UN01.DE) tried to block the sale of a 47 percent stake to Finland’s Fortum (FORTUM.HE) was postponed on Wednesday in line with a […]
Hedge Fund Managed by Billionaire Howard Gained 37% in May
(Bloomberg) Alan Howard is back. The billionaire trader posted a 37 percent gain last month in his own hedge fund that makes riskier bets, according to a person with knowledge of the matter, burnishing a trading reputation dulled in recent […]
Icahn Builds Small Position in Drugmaker Allergan
(Bloomberg) Carl Icahn has built a small position in Allergan Plc, according to people familiar with the matter, as the drugmaker plans to spin off its women’s health and antibiotic divisions. Icahn’s motivation and the size of his investment remain […]
Ackman to Put Gains From Luxury Apartments Into Pershing Buyback
(Bloomberg) While Bill Ackman has suffered losses as a Wall Street stock picker, he’s thrived as a Philadelphia landlord. The hedge fund manager personally holds a majority stake in Rittenhouse Hill, a luxury apartment complex that’s one of the largest […]
Hedge funds are not dead. Not yet. Not ever
(Harvest) The demise of the industry has been completely over-exaggerated. Rest assured, hedge funds are alive and well. It is true that new fund launches have decreased significantly over the last few years and the data around this area continue […]
Fidelity Is Plotting A Big Move Into Cryptocurrency Trading
(The Business Insider) Fidelity Investments, a firm that oversees $2.5 trillion in managed assets, is hiring to build a digital asset exchange, an internal job ad reviewed by Business Insider reveals. Fidelity, one of the biggest providers of 401(k) services […]