Monthly Archives: July 2016
The Hypocrisy That’s Turned Hedge Fund Activists Into Billionaires
(Forbes) Hedge fund activists have attracted hundreds of billions of dollars in investor capital over the past decade with a strategy to bring accountability into corporate boardrooms….But who is holding the activists accountable? Missing from the debate on hedge fund […]
U.K. Hedge Funds Look To European Watchdog To Ease Brexit Fears
(Bloomberg) The future of London as the hedge-fund capital of Europe, along with the 700 billion pounds ($906 billion) of assets money managers control, may be determined by a market watchdog this month. The Paris-based European Securities and Markets Authority […]
Ex-Soros, Blue Pool Executives Said To Start Fund of Hedge Funds
(Bloomberg) Kieran Cavanna, who ran external investments for billionaire George Soros’s family office until last year, started a fund of hedge funds that will focus on equities and macroeconomic trends, according to a person with knowledge of the matter. Cavanna, […]
Private Equity Fund Adviser Acted As Unregistered Broker
(HedgeCo.Net) The Securities and Exchange Commission has announced that a Maryland-based private equity fund advisory firm and its owner have agreed to pay more than $3.1 million to settle charges that they engaged in brokerage activity and charged fees without […]
Chief of SEC Whistleblower Office Leaves the Agency
(HedgeCo.Net)— The Chief of the SEC’s Office of the Whistleblower, is planning to leave the agency later this month. Sean McKessy became the first head of SEC’s whistleblower program in February 2011 and helped establish the whistleblower office that assesses […]
Payrolls, Brexit Keep Dealers Split on Fed Rake Hike Path
(Reuters) – Wall Street’s top banks were almost evenly split over whether the Federal Reserve would raise U.S. interest rates in 2016, with a poll following Friday’s strong jobs data showing a razor-thin majority expect the central bank to raise […]
Hedge Funds Post Fourth Consecutive Positive Month In June
(FinAlternatives) Hedge Fund Research’s HFRI Fund Weighted Composite Index is the latest industry benchmark to show the global hedge fund industry came through June in decent shape, despite massive dislocations in currency, equity, fixed income and commodity markets following Britain’s […]
U.K. Hedge Funds Look to European Watchdog to Ease Brexit Fears
(Bloomberg) The future of London as the hedge-fund capital of Europe, along with the 700 billion pounds ($906 billion) of assets money managers control, may be determined by a market watchdog this month. The Paris-based European Securities and Markets Authority […]
Ex-Barclays Traders Sentenced to up to Six-and-a-Half Years For Libor Rigging
(Reuters) Four former Barclays (BARC.L) bankers were sentenced to between 33 months and six-and-a-half years in jail by a London judge on Thursday for conspiring to rig global benchmark interest rates. Calcutta-born Jay Merchant, 45, the most senior of the […]
Temasek Puts $3 Billion in Avanda’s Hedge Fund-Like Vehicle
(Bloomberg) Temasek Holdings Pte put $3 billion with a fund managed by Avanda Investment Management Pte, started last year by former GIC Pte senior executives. The state investment firm invested with the Avanda Global Multi-Asset Master Fund, which is managed […]
Man Group’s Contrarian Ruble Bet Pays Off As Hedge Funds Rush In
(Bloomberg) Backing the ruble seemed like a lonely bet for Man Group Plc’s Guillermo Osses five months ago, but now the strategy is paying off — and the rest of the market is racing to catch up. The head of […]
South Korea Pension Picks Blackrock, Grosvenor To Manage Hedge Fund Investments
(Reuters) South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said it had chosen a BlackRock Inc unit and Grosvenor Capital Management to manage investments in funds of hedge funds in 2016. NPS, which plans to begin investing […]