Monthly Archives: July 2017
US Attempt to Limit Wall Street Bonuses Fizzles Out Quietly
(The Business Insider) The regulatory agenda released by the Trump administration on Thursday contained a signal that the U.S. government has halted its work on restricting Wall Street execs’ bonuses and other pay incentives… To read this article:
IBA Wins Approval
(Reuters) International Bank of Azerbaijan (IBA) said a plan to restructure US$3.3bn of its debt won approval from creditors holding 93.9% face value of the affected credits. Claimants with 94.1% of the principal amount cast votes, the state-run bank said […]
Ominto Inc (OMNT): How Has This Stock Not Been Delisted Yet?
(Valuewalk) Our previous articles have raised numerous red flags about Ominto Inc. ($OMNT) which appears to us to be one of the most obvious frauds we have seen in some time. Putting aside that it trades at an outrageous valuation […]
EFAMA and AMIC Publish Joint Report on the Use of Leverage in Investment Funds in Europe
(Opalesque) The European Fund and Asset Management Association (EFAMA) and the International Capital Market Association’s (ICMA) Asset Management and Investors Council (AMIC) published on 19 July a joint paper analysing how and why leverage is used in investment funds in […]
It’s an Electronic Futures World – Now What Do We Do? The Changing Role of Brokerage
(Harvest) Automated execution is taking over futures markets. Actually, the battle is over. Voice (non-electronic) and manual execution are reserved for illiquid products, old school firms, smaller traders, those who may be undertaking spreads, complex legged or option strategies, roll […]
SEC Bars Lawyer Who Committed Fraud
(HedgeCo.Net) The Securities and Exchange Commission today barred a New York-based attorney from appearing or practicing before it and acting as an officer or director of a public company after finding that he made false and misleading statements in corporate […]
HFR: Industry Assets Hit $3.1T As New Capital Inflows Resume
(FINalternatives) Assets under management in the hedge fund industry hit its fourth consecutive quarterly record in Q2/17, according to Hedge Fund Research, reaching $3.1 trillion as investor allocations outweighed redemptions for the first time since the third quarter of 2015. […]
Trium Capital Said To Plan New Long/Short Equity UCITS Fund
(FINalternatives) London-based alternative asset manager Trium is reportedly prepping a new UCITS-complaint version of an existing Cayman Islands-based global long/short equity fund that concentrates on underfollowed or thinly researched large-cap stocks. To read this article:
Tick, Tick, Tick: For Active Funds, It’s Time to Adapt (or Die)
(Morningstar) Despite already losing ground, active funds are vulnerable to further incursions by low-cost passive funds. Passive funds could capture another 10 percentage points of market share in the next decade or so.To adapt, the active-fund industry must shrink, cut […]
A $30bn Hedge Fund Identified a Potential Trigger for ‘The Next Financial Crisis’
(The Business Insider) Baupost Group, a $30 billion hedge fund, has laid out a road map for market chaos. In a second quarterly private letter that was reviewed by Business Insider, Baupost said that the problem lies with a signature […]
Macro Hedge Fund to Return Profits to Clients After Surging 12%
(Bloomberg) Hedge fund manager Guillaume Fonkenell is returning profits to investors from his $5 billion macro fund after it beat rivals this year. The Pharo Macro Fund, which climbed about 12 percent in the first half, will return those gains […]
Trium Capital Said To Plan New Long/Short Equity UCITS Fund
(FINalternatives) Asset manager Trium is reportedly prepping a new UCITS-complaint version of an existing Cayman Islands-based global long/short equity fund that concentrates on underfollowed or thinly researched large-cap stocks. To read this article: