Monthly Archives: June 2017
Hedge Funds Hold Near-Record Short Positions In Petroleum
(Reuters) Oil prices have been rising gently during the past four trading sessions despite concerns about the continued rise in the U.S. rig count and enormous excess inventories. Front-month Brent futures prices are up by about $2 a barrel since […]
Bill Ackman’s Big Triumph Becomes His Big Problem
(Bloomberg) Most of the time, securities class-action lawsuits are nothingburgers. A company’s stock price drops unexpectedly, some plaintiffs’ lawyers sue on behalf of supposedly aggrieved investors, and after a year or two of legal wrangling, the parties settle for what […]
Hedge Fund Executive Scaramucci Lands Post at Export-Import Bank
(Reuters) Hedge fund industry executive Anthony Scaramucci, an advisor to U.S. President Donald Trump, has been named chief strategy officer of the U.S. Export-Import Bank, a source familiar with the appointment said on Tuesday. Scaramucci, a Republican fundraiser, has been […]
World’s Biggest Wealth Fund Refuses to Be Silenced
(Bloomberg) Investors are increasingly serious about their environmental, social and corporate governance duties, withholding investment from industries they deem to be damaging the planet or society and using their votes to steer companies onto better paths. But that only works […]
Nestle Plans $20.8 Billion Share Buyback After Third Point Pressure
(CNBC) Nestle announced plans to buy back as much as 20 billion Swiss francs ($20.79 billion) worth of shares over three years, days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company. To […]
Here’s Why Robots Should Take the Fed’s Job
(Harvest) The Federal Reserve hiked interest rates again last week.Higher rates aren’t entirely bad. They might help savers holding cash—though I wonder why anyone would still hold cash after almost a decade of punishment. The Fed has forced Americans into […]
Growth Spurt for Active Managers
(Harvest) US growth stocks surged in the first half of 2017, fueled by mega-cap technology companies. Active managers of growth portfolios have done especially well, reinforcing the case for stock-picking strategies. Last year was tough for investors in US growth […]
Preqin: European Hedge Fund Industry Contracted In 2016
(FINalternatives) The European hedge fund market contracted last year as redemptions continued and AUM declined, according to new data from Preqin, although performance has been positive in eleven of the past twelve months. To read this article:
Brokerage Firm Charged With Failing to Comply With Anti-Money Laundering Laws
(HedgeCo.Net) A Salt Lake City-based brokerage firm has been charged with securities law violations related to its alleged practice of clearing transactions for microcap stocks that were used in manipulative schemes to harm investors. To help detect potential securities law […]
These Are The 11 Biggest Hedge Funds in The World
(The Business Insider) 2016 was a tough year for hedge funds. The industry as a whole only delivered a 5.4% return for clients, well below the S&P 500’s return of 11.9%, according to data from eVestment. Poor performance and high […]
Loeb’s Third Point Takes $3.5B Stake in Nestle, Outlines Recommendations
(FINalternatives) Activist investor Dan Loeb has taken aim at global food maker Nestle, disclosing a 40-million share stake in the firm worth some $3.5 billion and urging Europe’s most valuable company to take steps to improve shareholder returns, including raising […]
Shkreli’s Jury Pool Calls Him ‘an Evil Man’ and ‘a Snake’
(Bloomberg) Martin Shkreli is infamous. That’s making it tough to find a jury of 12 for his criminal fraud trial in Brooklyn, where he’s even being blamed for other pharma executives’ bad behavior, such as raising the price of the […]