Monthly Archives: July 2016
Hedge fund manager Edward Misrahi reveals ‘the best hedge of any portfolio’
(Yahoo Finance) During an interview on Real Vision Television, former global macro fund manager Raoul Pal asked Misrahi for his best short idea at the moment.“Well, this could get me more in trouble. There is one trade I think you […]
Northern Trust Survey: Record Number of Investment Managers Believe U.S. Stocks Overvalued
(Fin Alternatives) Worries about job growth, political uncertainty and market volatility are what keep investment managers up at night despite generally rising market sentiment, according to the most recent quarterly survey by Northern Trust Asset Management. More managers viewed U.S. […]
Verizon to acquire Yahoo in $4.8 billion deal
(CNBC) Verizon Communications on Monday announced plans to acquire Yahoo for $4.8 billion in cash, ending months of uncertainty after Marissa Mayer’s battered internet giant company said it would review strategic alternatives. Share prices of both companies initially moved slightly […]
Goldman Sachs Planning to Raise $5-$8B for New Buyout Fund
(Fin Alternatives) Goldman Sachs is launching a new private equity fund for which it hopes to raise $5-$8 billion, the first such vehicle for the global investment bank since the financial crisis. To read this article:
Has Wall Street Been Tamed?
(Bloomberg) Chris Hentemann has two pieces of art on the walls of his corner office in midtown Manhattan. One is an oversize photograph of the cockpit of his twin-engine Beechcraft Baron. The other is an Andy Warhol print of Muhammad […]
Political Risk Spikes in Turkey, Roiling Asset Prices
(Harvest) The failed July 15 coup in Turkey served as a useful reminder to investors that emerging market equities, which have been far outpacing major advanced country stock indexes nearly seven months into the year, are clearly prone to political […]
SEC Charges Father and Son and Their Investment Advisory Firms with Defrauding Hedge Fund Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged two residents of Alpharetta, Georgia, Thomas D. Conrad, Jr. and his son, Stuart P. Conrad, and their two unregistered advisory firms, Financial Management Corporation (“FMC”) and Financial Management Corporation, S.R.L. (“FMC Uruguay”), […]
Investment Fund Manager Sentenced to Fifteen Months in Federal Prison for Obstructing SEC Investigation
(HedgeCo.Net) A defendant in a SEC enforcement action was sentenced to fifteen months in prison in a parallel criminal case after pleading guilty to charges that he obstructed justice in an investigation conducted by the SEC. Vineet Kalucha, whose sentence […]
Arrested HSBC Exec Was Once Head Of Compliance at his Own Hedge Fund
(The Telegraph) The HSBC executive arrested last week in an American fraud probe was once responsible for regulatory compliance at a hedge fund he ran before joining the bank. Mark Johnson, global head of foreign exchange cash trading at HSBC, […]
Hedge Funds in Japan Are Getting None of SkyBridge’s $13 Billion
(Bloomberg) As one of the world’s biggest investors in hedge funds, it’s Raymond Nolte’s job to find traders who can navigate even the toughest markets. Right now, he doesn’t trust anyone to do that in Japan. The chief investment officer […]
Ex-New York City Jail Guard Union Boss Pleads Not Guilty to Bribery
(Reuters) The former union leader for New York City’s prison guards and a hedge fund financier pleaded not guilty on Friday to engaging in a bribery scheme in a case linked to a widening federal municipal-corruption investigation. Norman Seabrook, the […]
SEC to Permit Voluntary Filing Using Inline XBRL
(HedgeCo.Net) The Securities and Exchange Commission has announced that it will allow companies to voluntarily file structured financial statement data in a format known as Inline XBRL. This initiative represents another step in the SEC’s continuing efforts to modernize and […]