Monthly Archives: August 2017
Massachusetts Businessman Charged With Using Investor Funds for Personal Expenses
(HedgeCo.Net) A Massachusetts businessman has been charged with allegedly misusing investments intended for the development of cancer diagnostic tests to instead pay personal expenses and fund his fiancée’s restaurant businesses. According to the SEC’s complaint, Patrick Muraca established two pharmaceutical […]
SEC Announces Whistleblower Award of More Than $1.7 Million
(HedgeCo.Net) The Securities and Exchange Commission today 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. […]
HFR: Asian Hedge Fund AUM Surges In Q2, Tops $117B
(FINalternatives) Strong performance among Asian hedge funds through the second quarter is having an effect on asset flows, according to new data from Hedge Fund Research, with the alternative investment segment seeing its first quarterly inflows in two years and […]
Redemptions Slow at Och-Ziff Capital Management As Performance Rebounds
(FINalternatives) Investors have continued to redeem their capital from beleaguered hedge fund manager Och-Ziff Capital Management, pulling a total of $2.9 billion out in the last four months, although at a slower pace as the company posts strong performance and […]
Pershing Square’s Ackman To Push For Board Seats At ADP
(FINalternatives) Bill Ackman’s Pershing Square Capital Management has taken an 8% stake worth about $4 billion in payroll and benefits giant Automatic Data Processing, and is pushing the company for board seats in what ADP characterized on Friday as a […]
Shkreli Convicted Of Securities Fraud, Blasts “Witch Hunt”
(FINalternatives) Infamous former hedge fund manager and one-time pharmaceuticals company CEO Martin Shkreli was found guilty of three securities fraud-related charges on Friday, capping a month long trial and five days of jury deliberations. To read this article:
Correction May Loom for India Bank Stocks, Hedge Fund Warns
(Bloomberg) Shares of India’s banks may be set for a pullback, according to Vikas Gattani, chief investment officer at Singapore-based fund manager Progress Asia Capital and Advisors Pte. “In the absence of any sharp uptick in banking credit and a […]
Hedge Fund Optimas Looks Around the World to Trade China Themes
(Bloomberg) To trade China themes, look around the world. So says Optimas Capital, which raised $300 million last year to rank as one of Hong Kong’s largest hedge-fund startups. About half of the hedge fund’s investments since its August inception […]
Investors Stick With Macro Funds, Hope For Volatility Comeback
(Reuters) Lack of volatility in financial markets that has hit ‘macro’ hedge funds in the first half of the year has not stopped some investors from betting that things could get bumpier in the second half. Money poured into many […]
Standard Bank Starts Prime Broker to Gain From Hedge Fund Growth
(Bloomberg) Standard Bank Group Ltd., Africa’s largest lender by assets, plans to start a prime brokerage next month to benefit from regulatory changes in South Africa it expects will boost the hedge fund industry. The Johannesburg-based company anticipates having five […]
BlackRock’s Ultra Cheap Hedge Fund Doubles Assets in Six Months
(Bloomberg) BlackRock Inc. took a gamble by breaking the 1 percent fee barrier for a hedge fund. Now it’s paying off. The Style Advantage fund more than doubled its assets in the first half of the year to $1.6 billion, […]
Reinsurer Beechwood Sold Following Hedge Fund Woes
(Reuters) Beechwood, a group of reinsurance and asset management companies, has been sold after it lost clients and suffered a bruised reputation when hedge fund firm Platinum Partners collapsed amid federal investigations and fraud charges, a person familiar with the […]