Monthly Archives: July 2018
Credit Suisse Creates New Anti-Sexual Harassment Role
(Reuters) Credit Suisse has carved out a new role to lead its handling of sexual harassment claims and examine group-wide policies…The appointment of Antoinette Poschung to the new role of Conduct and Ethics Ombudswoman comes after Chief Executive Tidjane Thiam […]
Ex-President of Harvard joins Goldman board
(HITC Business) Goldman Sachs has announced that Drew G. Faust has joined the Board as an independent director of the firm, effective July 2….Dr. Faust’s appointment expands the Board to 12 directors, 10 of whom are independent…. To read this […]
Hedge Fund Managers Are in Love With 3 Top Semiconductor Stocks
(247 Wall Street) To say that hedge fund managers tend to follow the herd is an incredible understatement, and it always has been. While publicly they sometimes seem reluctant to discuss their holdings, especially stocks they are short sellers of, […]
Global SRI: Spotlight Shines on Sustainability
(Harvest) There is strong evidence that investment trends continue to favor those companies transforming the world for the better. Our belief is companies that are committed to building a sustainable economy are likely to thrive in an environment that is […]
Former CEO and CFO of ITT Barred and Ordered to Pay Penalties
(HedgeCo.Net) The Securities and Exchange Commission today announced settlements with two former senior executives of ITT Educational Services Inc., which the SEC charged hid its true financial condition from investors. This resolution successfully concludes the SEC’s case, which was scheduled […]
Ray Dalio Says Trade War With China Is Underway
(Bloomberg) President Donald Trump’s threat to impose tariffs on every Chinese import into the U.S. sparked a reaction from billionaire Ray Dalio, founder of the hedge fund giant Bridgewater Associates. “Today is the first day of the war with China,” […]
Forty per cent of financial firms at risk of MiFID II penalties
(Hedgeweek) Recent research from TeleWare reveals that just 60 per cent of employees in financial services firms have suitable processes and technology in place to capture, record and consequently retrieve real-time business communications. This means 40 per cent of firms […]
Elliott Is Set to Take Full Control of AC Milan Soccer Team
(Bloomberg) Elliott Management Corp. is set to take full control of Italian soccer club AC Milan after its Chinese owner failed to repay debt owed to the U.S. investor by Friday’s deadline, according to people familiar with the matter. Li […]
Cohen Faces U.K. Setback as FCA Blocks Point72 Opening
(Bloomberg) Steve Cohen’s Point72 Asset Management has been blocked by the U.K. regulator from opening his hedge fund in Britain, a setback for the billionaire in one of the world’s largest investment hubs, according to a person with knowledge of […]
SEC Charges Owings Group, a Convicted Felon and Others in $5 Million Offering Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Maryland-based Owings Group, LLC, three of its related companies and four individuals in an offering fraud that raised over $5 million from approximately 50 investors. The SEC’s complaint alleges that from 2013 […]
Sexism Case Against Billionaire Cohen’s Point72 Goes to Arbitrator
(Reuters) A federal judge on Thursday said an arbitrator must review sexism claims by a female vice president against her employer Point72 Asset Management LP, enabling the hedge fund firm and its billionaire founder Steven Cohen to keep the matter […]
Crispin Odey’s Hedge Fund Is Making Money Again
(Bloomberg) Crispin Odey is making money again as markets start to reflect his bearish outlook. The flagship Odey European Inc. fund returned 2.9 percent in June, its sixth straight monthly advance, according to an investor update seen by Bloomberg News. […]