Monthly Archives: August 2017
Overseas Stock Manipulator Settles SEC Charges
(HedgeCo.Net) An overseas stock manipulator has agreed to pay nearly $800,000 and be permanently barred from involvement in penny stocks after hiding his significant stake in a small oil & gas company while secretly funding a fraudulent promotional campaign that […]
Boston Hedge Fund Manager Arrested and Charged With Ponzi Scheme
(Bloomberg) Boston-area hedge fund manager Raymond Montoya, who led the RMA Strategic Opportunity Fund LLC, was arrested and charged by federal prosecutors with running a Ponzi scheme. The federal charges on Wednesday followed a civil lawsuit in June in which […]
The Oil Trader Known as ‘God’ Is Closing Down His Main Hedge Fund
(Bloomberg) If an oil trader so good that he was known as “God” can’t win in today’s markets, it’s hard to imagine who can. Andy Hall is closing down his main hedge fund after big losses in the first half […]
China Hedge Fund Says Most ‘Violent’ Phase of Deleveraging Over
(Bloomberg) Shanghai Chongyang Investment Management Co., whose oldest China hedge fund has returned almost three times as much as equity benchmarks, said the nation’s stock and bond markets are poised to rally as the “worst” part of a deleveraging process […]
Southfield Capital Raises $200M For Oversubscribed Second Fund
(FINalternatives) Southfield Capital has raised $200 million in capital commitments for its second buyout fund, hitting the hard cap and surpassing the pool’s $175 million target. To read this article:
Fortress Investment Group’s AUM Climbs 3% in Quarter, Year
(Pension & Investments) Fortress Investment Group’s assets under management increased 3% to $72.4 billion for both the quarter and the year ended June 30, the firm’s earnings report released Thursday showed. As of June 30, approximately 87% of alternative investment […]
Saudi Oil Minister Met With Top Commodity Hedge Funds
(Bloomberg) Khalid Al-Falih, Saudi Arabia’s energy minister, met in private with some of the world’s top commodity hedge funds in July, taking the unusual step of personally canvassing investor views on the state of the market. In the past, Saudi […]
Betting Against Tesla Has Cost Hedge Funds More Than Half a Billion
(TheStreet) The increase of Tesla Inc.’s (TSLA) shares since its latest earnings release has cost hedge fund managers who bet against the stock about $607 million Thursday, according to estimates from financial analytics firm S3 Partners. To read this article:
Shkreli Jury Ends Third Day of Deliberations Without a Verdict
(Bloomberg) The jury mulling the fate of Retrophin Inc. co-founder Martin Shkreli ended the third day of deliberations without a peep. On Tuesday, the panel had asked for the definitions of “assets under management” and “fraudulent intent,” but it didn’t […]
Monroe Capital Taps Gueikian For Special Situations Role
(FINalternatives) Direct lending specialist Monroe Capital has named former Melody Capital Partners managing partner Cesar Gueikian as a managing director and co-portfolio manager. To read this article:
Japan’s Start-Up Stock Market Plunge Could Pressure Small-Caps
(Reuters) Japan’s stock market for start-up firms plunged to two-month lows this week as investors pulled money out of the risky and inflated market, raising concerns the broader stock market could also see some spillover. The Tokyo Stock Exchange’s Mothers […]
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 […]