Monthly Archives: July 2018
SEC Proposes Whistleblower Rule Amendments
(HedgeCo.Net) The Securities and Exchange Commission today voted to propose amendments to the rules governing its whistleblower program. The whistleblower program was established in 2010 to incentivize individuals to report high-quality tips to the Commission and help the agency detect […]
Morgan Stanley Charged in Connection With Failure to Detect or Prevent Misappropriation of Client Funds
(HedgeCo.Net) The Securities and Exchange Commission today announced that Morgan Stanley Smith Barney (MSSB) has agreed to pay a $3.6 million penalty and to accept certain undertakings for its failure to protect against its personnel misusing or misappropriating funds from […]
Malta approves three blockchain bills at second reading
(Hedgeweek) The Maltese Parliament has unanimously approved three blockchain bills as the island looks to establish itself as a cryptocurrency hub. In addition Stephen McCarthy has been appointed as CEO of the newly established Malta Digital Innovation Authority. To read […]
One of Hottest Hedge Funds in Korea Returns 14% as Stocks Slide
(Bloomberg) A hedge fund firm is causing a stir among investors in South Korea, delivering strong returns even as the stock market declines and attracting a flood of money. Timefolio Asset Management has gained almost 14 percent this year in […]
Four Reasons Why It’s Time to Get Real About Inflation
(Harvest) With the global economy moving into its late-cycle stages, we think it’s a good time to bolster portfolio inflation protection by embracing several recently unloved investments—including natural resources and commodities. The thought of adding inflation protection in this way […]
North Cost Partners launches opportunity fund
(Opalesque) North Coast Partners, a real estate investment company, today announced the launch of the Detroit Opportunity Fund, which will focus on investing in newly designated Opportunity Zones in the Detroit area. The Detroit Opportunity Fund is the first of […]
Halliburton Paying $29.2 Million to Settle FCPA Violations
(HedgeCo.Net) The Securities and Exchange Commission today charged Halliburton Company with violating the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA) while selecting and making payments to a local company in Angola in […]
Wealth Manager’s 25 most popular fund managers in H1
(Citywire) 10. Robin Geffen Just creeping into the top 10 of our most viewed managers is Robin Geffen, the influential fund manager at Neptune Investment Management. His market views have previously appeared in the pages of the Financial Times, the […]
Ackman’s Pershing Square Said To Take Stake In ADP
(FINalternatives) Bill Ackman’s Pershing Square Capital Management is reportedly taking a large position in payroll and benefits giant Automatic Data Processing, sending the company’s stock to a record high. To read this article:
Morgan Stanley Said To Prep $500M Special Situations Fund
(FINalternatives) Morgan Stanley is reportedly planning to raise $500 million for a new fund vehicle aimed at unconventional, illiquid assets in niche markets even many hedge fund and private equity managers find too complicated to engage. To read this article:
Convexity Capital Management Said To Trim Staff As AUM Declines
(FINalternatives) Jack Meyer’s Convexity Capital Management has reportedly laid off additional non-investment staff this year as assets under management fell by more than $1 billion in the first half. To read this article:
Jury to Decide: Were Shkreli’s Gambles to Save His Drug Company Criminal?
(New York Times) Martin Shkreli had bounced back from failure before. But over a few weeks in December 2012, it looked as if he might lose everything for good. He had $1,415. The Securities and Exchange Commission was investigating him. […]