Monthly Archives: August 2017
Pershing Square Says ADP CEO Misled Board on talks with Hedge Fund
(Reuters) Activist investor Pershing Square Capital Management LP said on Monday the chief executive of Automatic Data Processing Inc (ADP.O) had “unfairly characterized” their interactions in an effort to make the hedge fund’s requests “appear unreasonable”. ADP had earlier this […]
Scottish Fund Kiltearn Hit by Carillion’s Troubles
(Reuters) Scottish investment firm Kiltearn Partners has suffered a 70 million-pound ($91 million) paper loss on its investment in Carillion after the construction firm’s shares lost almost three quarters of their value following a profit warning in July. Carillion disclosed […]
Hedge Funds Break Up With Long-Adored Apple and Facebook Shares
(Bloomberg) Hedge funds have adored the FAANGs for so long it’s no wonder that two of them — Apple Inc. and Facebook Inc. — are losing their appeal. Ken Griffin’s Citadel sold 3.4 million shares of Apple, the majority of […]
Hedge Funds Gamble For a Third Time on Oil Rebalancing
(Reuters) “If at first you don’t succeed, try, try, try again,” goes the proverb used to encourage students. Hedge fund managers are becoming bullish toward crude oil and refined fuels for the third time this year and must be hoping […]
Activist Fund Corvex Targets ‘Undervalued’ Yogurt Maker Danone
(Bloomberg) Corvex Management, the activist fund run by Keith Meister, has built a stake in French yogurt maker Danone because it views the company as significantly undervalued, according to people familiar with the matter. The New York-based hedge fund owns […]
JPMorgan Launches New Algo-Driven ‘Dark Pool’ For Stocks
(Reuters) JPMorgan Chase & Co has begun trading on a new private stock trading venue, or “dark pool,” that lets its clients use the bank’s algorithms to buy or sell stocks at a benchmark price reached over a period of […]
Some of The World’s Largest Hedge Funds Are Getting Crushed
(The Business Insider) Some of the world’s largest hedge funds have lost money this year – or made barely any – even as markets have hit record highs. The funds are run by firms including Bridgewater Associates, the largest hedge […]
SEC Announces Whistleblower Award of More Than $1.7 Million
(HedgeCo.Net) The Securities and Exchange Commission has announced a whistleblower award of more than $1.7 million to a company insider who provided the agency with critical information to help stop a fraud that would have otherwise been difficult to detect. […]
Ackman: Interactions With ADP Chief Rodriguez ‘Unfairly Characterized’
(FINalternatives) Pershing Square’s looming proxy battle with payroll processing firm Automatic Data Processing took a new turn Monday as the activist hedge fund said in an SEC filing that ADP had “unfairly characterized” the interactions between Pershing Square CEO Bill […]
Shorting China Commodities ‘Very Compelling’ Says Hedge Fund
(Bloomberg) The bubble may be about to burst for commodities pumped up by China’s efforts to reform its steel industry, presenting a compelling opportunity for investors to sell, according to hedge fund Academia Capital. While speculative buying has boosted raw […]
Energy Hedge Funds Look to Spreads, Margins as Long Bets Flail
(Reuters) For the oil-trading community, the fall of hedge fund manager Andy Hall signaled a heavy blow, but while commodity funds continue to shutter their doors, some are finding other ways to make money, including trading refining margins and calendar […]
Top Qualities of Successful Traders
(Equities.com) With so many traders and trade managers out there seeking to profit in the same market environment, how does an investor know who is best positioned for success? Fortunately, performing due diligence is not that hard if you know […]