Monthly Archives: July 2016
The Brexit Effect: The Signals amidst the Noise
(Harvest) There are few events that catch markets by complete surprise but the decision by British voters to leave the EU comes close. As markets struggle to adjust to the aftermath, analysts and experts are looking backward, likening the event […]
WG Trading’s Greenwood Gets Fraud Sentence Sliced in Half
(Bloomberg) A hedge fund manager who admitted to swindling investors out of $554 million using some of the money to add to his $1.9 million museum-quality stuffed-animal collection had his prison sentence cut in half, to five years. Paul Greenwood, […]
The Hottest Tech IPO is Rocketing Up Another 18%
(The Business Insider) Twilio, the tech company that had a blockbuster initial public offering last week, is on fire yet again. Shares of the company, which makes cloud communications tools for software developers, were up as high as 18% in […]
Greenlight Sees Small Loss in June, Jana Off a Bit More
(Reuters) David Einhorn and Barry Rosenstein, two closely watched hedge fund managers ended June with losses, suffering some fallout from the markets sharp drop after Britain voted to leave the European Union a week ago. Einhorn’s Greenlight Capital told investors […]
Horseman Hedge Fund Gains 7.4% on Shorts Amid Wild Brexit Swings
(Bloomberg) Horseman Capital Management’s biggest hedge fund gained 7.4 percent over the last week, profiting from bearish stock bets as Britain’s vote to exit the European Union roiled global equity markets, according to a letter to investors seen by Bloomberg. […]
Citi Alum in Hedge-Fund Startup Sees Gold Rally on Fed, Brexit
(Bloomberg) Gold will probably extend gains this half as Britain’s vote to quit the European Union adds to the case for the Federal Reserve pausing on interest rates, according to Ivan Szpakowski, who left Citigroup Inc. earlier this year to […]
Hillary Clinton Aim Is to Thwart Quick Buck on Wall Street
(New York Times) While Washington and the media were worked up about Hillary Rodham Clinton’s emails last Friday, most of the nation seemingly missed — or at least largely ignored — what may have been her most important comments yet […]
Former Heavy Hitting Broker Banned From Securities Industry
(New York Post) A former powerhouse investment broker, who managed $1.3 billion for Merrill Lynch before he was fired, has been permanently banned from the securities industry for charging his customers excessive fees and making unauthorized trades, the industry’s regulator […]
U.S. Must Wait For EU Hedge Fund Passports
(Reuters) The European Union faces a regulatory spat with the United States after the bloc’s securities watchdog said it could not give U.S. hedge funds a “passport” to operate across the EU. The European Securities and Markets Authority (ESMA) advised […]
Drugmakers Strike Back: Kyle Bass Blasted Over Patient Challenges
(Bloomberg) Drugmakers with patents being challenged by Kyle Bass are striking back, accusing the hedge-fund manager of abusing a government review process designed to weed out useless patents and demanding his petitions be tossed. To read this article:
Meet Patrick Walsh, The Do-It-Yourself Hedge Fund Activist You’ve Never Heard Of
(Forbes) In the increasingly crowded world of flashy activist hedge fund managers, Patrick Walsh, 39, plays against type. The founder of the $150 million PW Partners in Chicago wasn’t schooled at Wharton and has no Ivy League pedigree or M.B.A. […]
Greece’s Issues Could Become More Than a Debt Crisis
New York (HedgeCo.net) – While hedge funds and institutional investors alike are mainly concerned with the sovereign debt and stock market in Greece, there could be a bigger concern in the long run and that is the geopolitical environment. During […]