Monthly Archives: August 2017
Eurekahedge: Hedge Fund Index Up 0.92% in July As Equity Longs Pay Off
(FINalternatives) Hedge funds extended their 2017 gains in July led by managers with an equity long bias, according to a flash update from Eurekahedge, although many still underperformed underlying benchmark indexes. To read this article:
Ackman’s Pershing Square Nominates Three To ADP Board As Proxy Contest Heats Up
(FINalternatives) Activist investor Pershing Square Capital Management has filed regulatory paperwork for three nominees to the board of directors of Automatic Data Processing, naming Pershing CEO Bill Ackman, former Bechtel Group CFO Paul Unruh, and Polymer Group CEO Veronica Hagen […]
Aurelius Hedge Fund Seeks To Toss Puerto Rico’s Bankruptcy Filing
(Reuters) Puerto Rico’s bankruptcy, aimed at restructuring $72 billion of debt, violates the U.S. Constitution and should be dismissed, the Aurelius Capital Management hedge fund said in a court filing on Monday. The U.S. commonwealth’s federally appointed oversight board initiated […]
Mega-Hedge Funds Are Reporting Big Gains
(Bloomberg) Rallying stock markets are helping lift returns at mega-hedge funds including Viking Global Investors and Renaissance Technologies. Andreas Halvorsen’s Viking and an equity-focused quantitative fund at Renaissance are up more than 9 percent this year through July, according to […]
U.S. Appeals Court Upholds Trader’s Spoofing Conviction
(Reuters) The 7th U.S. Circuit Court of Appeals in Chicago rejected the appeal of Michael Coscia, who was sentenced in 2016 to three years in prison after a federal jury found the owner of New Jersey-based Panther Energy Trading guilty […]
As Loeb, Peltz Go Small, United Technologies Thinks Bigger
(Bloomberg) Dan Loeb wants Honeywell International Inc. to spin off its aerospace business. Nelson Peltz, another activist investor, wants General Electric Co. to cut costs. Meanwhile over at rival United Technologies Corp., Chief Executive Officer Greg Hayes is taking another […]
Long-Term Commodity Investment Strategy
(Harvest) When you think of commodity market performance, what’s one of the first things you think of? Positive or negative performance? For anyone who has invested over the past 10 years, the answer has been mostly negative… and even when […]
Hidden Value in MLP & Midstream Credit
(Harvest) Investing in the midstream energy sector via MLP & midstream equities is well known as illustrated by the considerable growth over the last decade in the number of public MLPs/midstream companies and related equity oriented investment products. Over 120 […]
Emerging Market Local Debt: Growing Depth, Growing Opportunity
(Harvest) The landscape for emerging market (EM) local debt is expanding fast – and looks set to continue. Earlier this year, Argentina, the Czech Republic and Uruguay joined the bellwether benchmark for the asset class, the JPMorgan Government Bond Index-Emerging […]
Lyxor: Hedge Fund Index Slips On CTA, Macro Divergence
(FINalternatives) Hedge funds lost some ground last week as returns from Global Macro strategies and CTAs moved visibly in opposite directions, according to recent data from Lyxor Asset Management. To read this article:
Black Elk Accuses Beechwood of Helping Platinum Fund Fraud
(Reuters) A trustee for Black Elk Energy Offshore Operations LLC has sued executives and subsidiaries of reinsurer Beechwood with allegations they helped orchestrate fraud with hedge fund manager Platinum Partners. Platinum’s top executives, including founder Mark Nordlicht and co-chief investment […]
Hedge Fund Optimas Looks Around the World to Trade China Themes
Hedge Fund Optimas Looks Around the World to Trade China Themes Bloomberg posted on Mon 7 Aug 2017 Permalink Print To trade China themes, look around the world. So says Optimas Capital, which raised $300 million last year to rank […]