Monthly Archives: July 2018
Hedge Fund Plays Trade Spat Shorting China Cars, Buying Travel
(Bloomberg) The escalating trade dispute between China and the U.S. prompted hedge fund manager Pinpoint Asset Management to take money off the table earlier this year. It’s now game-planning for a potential agreement between the world’s top two economies. “The […]
Where Have the Star Fund Managers All Gone? (When Will They Ever Learn…)
(Times of India) These days, several fund houses frown at the concept of a star fund manager or even the scenario of a stock being associated with him or her. Fund managers themselves prefer to lie low to avoid antagonising […]
Massmutual Has Replaced the Sole Manager on Several of its Allocation Funds.
(Citywire) MassMutual fund of funds manager, Stephen Brunette, has been replaced on his respective funds…Brunette had been the manager of the MML Allocation Series, which is a set of six fund of funds… To read this article:
The Electrifying Outlook for Metals Demand
(Harvest) China has the longest-running national program to build up its EV volumes, including financial incentives to manufacture and buy the vehicles, as well as build out the country’s EV-charging station infrastructure. However, major world economies, including France, India, the […]
SEC Charges KBR for Inflating Key Performance Metric and Accounting Controls Deficiencies
(HedgeCo.Net) The Securities and Exchange Commission today charged global engineering and construction company KBR Inc. with inflating a key, non-financial statement performance metric known as work in backlog. KBR agreed to pay a $2.5 million penalty to settle the SEC’s […]
Loeb’s Third Point takes new approach in battle with Nestle
(Reuters) For a year, billionaire hedge fund manager Daniel Loeb has watched quietly from afar as Nestle SA tries to energise its business. But his patience has worn thin and he has been telling associates and his own investors that […]
Investment education is key says CAIA head
(Hedgeweek) Founded in 2002, the Chartered Alternative Investment Analyst Association (CAIA) has gone from strength to strength in the alternative investment education arena. William Kelly (pictured), CAIA CEO, joined in 2014 and declares that, while it’s been an interesting run, […]
Aspect Capital launches new systematic global macro fund
(Hedgeweek) Aspect Capital (Aspect), a USD7.3 billion systematic investment manager, has launched a UCITS fund to provide investors with access to the Aspect Systematic Global> To read this article:
Brexit’s Big Short and Insider Trading (Podcast)
(Bloomberg) On this week’s edition of Bloomberg Finance, John Tucker and Katia Porzecanski in for Peggy Collins, speak with Bloomberg reporters about the finance news of the week including Daniel Sundheim’s $4 billion fund raise, hedge funds and Brexit polling […]
Sorrell Wins Support From Hedge Fund Owner Odey in Comeback Plan
(Bloomberg) Martin Sorrell has won financial backing from Crispin Odey, an influential London investor, for his new venture after leaving the world’s largest advertising company.“People have made a lot of money with Martin and he doesn’t look like a man […]
Loeb’s Third Point Urges Nestle to Split into Three Units
(Reuters) Billionaire investor Daniel Loeb on Sunday urged Nestle to split itself into three divisions, telling the Swiss group’s board that it needs to be “sharper,” “bolder,” and “faster” in overhauling the company. Loeb, whose hedge fund Third Point has […]
Ex-Cantor Fitzgerald Traders Used Commission-Splitting Scheme
(New York Post) Two former stock traders at Cantor Fitzgerald cooked up a secret commission-splitting scheme over more than a decade in order to get around internal controls and line their pockets, according to a lawsuit filed by federal regulators […]