Monthly Archives: July 2018
Treasury Short Bets May Be on Borrowed Time
(Bloomberg) President Donald Trump’s newest threat of ramping up tariffs against China is adding to a pressure cooker potentially building from an outsized amount of speculative bearish wagers on long-term Treasuries. Treasury yields dropped after the Trump administration announced late […]
Emerging Markets Focused Hedge Funds Post Fifth Consecutive Month of Losses
(Hedgeweek) Hedge funds were down 0.32 per cent in June ending the first half of 2018 on a flat note with a 0.06 per cent gain. In contrast, the MSCI World Index (Local) was down 0.01 per cent as of […]
It’s Rupert Murdoch vs. Hedge Fund Greed at Sky
(Bloomberg) Just give us more. The auction for Sky Plc has become a spectacle of greed. On Wednesday, Twenty-First Century Fox Inc. made a fresh 14 pounds-a-share offer, valuing the British satellite broadcaster at 25 billion pounds ($33 billion). But […]
Pretty Soon, You’ll Get to Invest Just Like Ray Dalio
(Bloomberg) Ray Dalio may be slowing down, but the investment strategy he popularized is just getting started. Bloomberg News reported recently that Dalio, founder of the world’s largest hedge fund, Bridgewater Associates LP, will spread the firm’s ownership among more […]
Tiger Global takes $1 billion stake in SoftBank, calling it undervalued
(Reuters) – U.S. hedge fund Tiger Global has built a stake worth over $1 billion in SoftBank Group Corp as it considers the Japanese firm to be undervalued, a source with direct knowledge of the matter said, driving SoftBank shares […]
Bluemountain Hires Four Portfolio Managers to Build Out Relative-Value Focus
(Reuters) BlueMountain Capital Management on Tuesday said it hired four portfolio managers to build out the hedge fund’s new fixed-income strategy focused on relative-value investments in G7 government bonds, U.S. municipal bonds, agency ABS and emerging market debt. To read […]
U.S. Judge Nixes Move to Toss Puerto Rico Bankruptcy Case
(Reuters) A federal judge on Friday rejected an attempt by a major Puerto Rico bondholder to throw out the U.S. territory’s historic municipal bankruptcy case. U.S. District Judge Laura Taylor Swain ruled that the creation by the U.S. Congress of […]
SEC Files Additional Charges in Fitbit Stock Manipulation Scheme
(HedgeCo.Net) The Securities and Exchange Commission today filed fraud charges against a second defendant in connection with a scheme to manipulate the price of Fitbit securities through false regulatory filings. According to the SEC’s complaint, Mark E. Burns purchased Fitbit […]
It’s Rupert Murdoch vs. Hedge Fund Greed at Sky
(Bloomberg) Just give us more. The auction for Sky Plc has become a spectacle of greed. On Wednesday, Twenty-First Century Fox Inc. made a fresh 14 pounds-a-share offer, valuing the British satellite broadcaster at 25 billion pounds ($33 billion). But […]
SEC Obtains Final Judgment Against Investment Adviser’s Assistant
(HedgeCo.Net) A federal district court in the Western District of New York has entered a final judgment against Amherst, New York resident Lauramarie Colangelo, formerly an assistant to investment adviser Tarek D. Bahgat. The SEC’s complaint alleges that Bahgat misappropriated […]
Hedge fund performance mixed in June, says HFR
(Hedgeweek) Hedge funds posted mixed performance in June as trade tensions increased around fluid tariff negotiations and proposals, while the US Federal Reserve increased interest rates and M&A activity remained strong. To read this article:
Former Biotech Company Employee Charged with Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has charged a former research and development scientist at a California biotech company with insider trading in advance of three positive company announcements. According to the SEC’s complaint, former company scientist Gene Shen had […]