Monthly Archives: July 2017
Bond Rout Sounds Warning for Equities That Higher Rates Can Hurt
(Bloomberg) Is the bond rout over? You ain’t seen nothing yet and stock investors should take note. The global equity rally that’s repeatedly shrugged off rising geopolitical uncertainty now faces a new test: the apparent certainty of higher borrowing costs. […]
Elliott Advisors Makes Fresh Legal Move Against Akzo Nobel’s Chairman
(Reuters) Hedge fund Elliott Advisors said on Friday it has filed a second lawsuit seeking a general meeting of Akzo Nobel shareholders to vote on dismissing Chairman Antony Burgmans over his handling of a 26.3 billion-euro ($30 billion) takeover proposal […]
Hayfin Capital Management Raises €2.2bn for Special Opportunities Fund
(FINalternatives) European credit specialist Hayfin Capital Management has raised €2.2 billion in capital commitments for its second closed-end special opportunities fund and associated parallel vehicles. The new fund, named the Hayfin Special Opportunities Fund II, will invest in illiquid, undervalued […]
Loeb’s Consigliere in Nestle Fight Knows How the Sausage Is Made
(Bloomberg) In his showdown with Nestle SA, hedge-fund billionaire Dan Loeb has tapped an industry veteran with more experience at other listed consumer-product companies than the Swiss giant’s entire board. Jan Bennink, who has managed dozens of well-known brands at […]
AIMA/GPP Hedge Fund Survey: Breakeven AUM Lower than Often Thought
(FINalternatives) Contrary to conventional wisdom, most alternative investment management firms are able to turn a profit and expand with considerably less than $100 million in assets under management, according to a new survey of sub-$500 million managers by the Alternative […]
Ex-Employee Dismisses Suit Against Hedge Fund Co-CEO
Ex-Employee Dismisses Suit Against Hedge Fund Co-CEO New York Post posted on Fri 7 Jul 2017 Permalink Print Robert Mercer, co-CEO of hedge fund Renaissance Technologies, narrowly avoided a legal headache. Former Ren Tech employee David Magerman voluntarily dismissed his […]
Ex-Morgan Stanley Banker Wants a Bonus After Raking in $100m in Fees
(HITC Business) “It’s a bit like saying that your salary for July will only be paid if you’re still working at the company four years later.” To read this article:
Manager of World’s Biggest Hedge Fund: Central Bank Easy Money ‘Era is Ending’
(CNBC) Bridgewater’s founder says our responsibility is to “keep dancing but closer to the exit.”The founder and chief investment officer of the world’s biggest hedge fund said Thursday in a commentary posted to LinkedIn that central bankers have “clearly and […]
Five Ways Populism Could Impact Investors
(Harvest) We think there’s potential for major impacts on global capital markets. We expect to take aim at areas such as trade protection, immigration, higher taxes on corporations and high-income earners, and big wage increases. All these policies tend to […]
SEC Charges Oil and Gas Company and Top Finance Executives with Accounting Fraud
(HedgeCo.NET) The Securities and Exchange Commission has charged a Canadian-based oil and gas company and three of its former top finance executives for their roles in an extensive, multi-year accounting fraud. The SEC’s complaint alleges that Penn West Petroleum Ltd., […]
HFRX Global Hedge Fund Index Up +0.21% in June, +2.56% in 2017’s First Half
(FINalternatives) Hedge funds posted gains in June as global financial markets posted mixed performance, the U.S. Fed hiked interest rates and implied volatilities remained near historical lows, according to a flash update from Hedge Fund Research. The company’s HFRX Global […]
Brevan Howard Flagship Hedge Fund Has Worst First-Half Loss
(Bloomberg) Brevan Howard Asset Management LLP’s main hedge fund suffered its fourth straight monthly loss in June, slumping 1.5 percent, according to an investor letter seen by Bloomberg News. The decline pushed the macro hedge fund down 5.2 percent this […]