Monthly Archives: August 2017
Litt’s Land And Buildings Ups Pressure On Hudson’s Bay
(FINalternatives) Jonathan Litt’s activist hedge fund manager Land and Buildings has upped the pressure on Canadian retailing giant Hudson’s Bay, threatening in a new letter to shareholders that a proxy war could await if the company doesn’t take concrete steps […]
Investcorp Appoints El-Erian To International Advisory Board
(FINalternatives) Alternative investments specialist Investcorp has appointed famed economist and investment manager Dr. Mohamed El-Erian to the company’s international advisory board as the company undergoes significant growth. To read this article:
$22 Million Whistleblower Award for Company Insider Who Helped Uncover Fraud
(HedgeCo.Net) The Securities and Exchange Commission today announced the award of more than $22 million to a whistleblower whose detailed tip and extensive assistance helped the agency halt a well-hidden fraud at the company where the whistleblower worked. The $22 […]
Visium Trader Recorded 125+ Conversations, Court Docs Reveal
(Fin Alternatives) A court filing in Manhattan federal court has revealed that a junior trader at Visium Asset Management secretly recorded more than 125 conversations, or some 200 hours of material, with former colleagues at the $8 billion hedge fund […]
Co-Investment Arrangements Risk Regulatory Scrutiny
(Reuters) Some U.S. private equity firms are reportedly courting their biggest and savviest investors with access to co-investments without informing other investors, according to Reuters, which can save them millions in fees but may also risk SEC scrutiny. To read […]
Capital Group Companies Ups Stake in Credit Suisse to 5%+
(Fin Alternatives) U.S. asset manager Capital Group Companies has reportedly increased its stake in Swiss bank Credit Suisse from 3.0142% in April to 5.051% as of Tuesday. To read this article:
Activist Hedge Funds And Big Banks: A Match Made in Mediocrity
(Dealbreaker.com) When hedge fund ValueAct Capital gobbled up a 2 percent stake in Morgan Stanley a few weeks ago, it reignited a speculative thread that has cropped up repeatedly in 2016: activist investors could soon be storming the gates at […]
Quant Fund Gives Robots 364 Days Off to Best Currency Rivals
(Bloomberg) Like a lot of hedge funds, Principal Global Investors’ Macro Currency Group uses computer-driven models to devise trading strategies. What sets it apart is that its machines only make calls once a year. Each January, the computers’ longer-term economic […]
Hedge Fund Industry Sees Net Outflows of USD34 Billion in First Half
(Hedgeweek) The hedge fund industry saw net outflows of USD34 billion over the first half of 2016, with the majority of outflows (USD20 billion) occurring in the second quarter, according to Preqin. As a result, as of 30 June 2016 […]
Pimco is Hiring People to Target $17.4 Trillion Asian Wealth
(Bloomberg) Pacific Investment Management Co. is seeking to expand in an increasingly affluent Asia. The $1.5 trillion money manager is in the process of hiring more than 20 people in marketing, operations, legal and compliance teams in the next two […]
Top Firm Said to Let Staff go
(HITC Business) One of the giants of Wall Street is retreating from investing in European buyouts months after writing a big cheque to the campaign to keep the UK in the EU. Sky News reports they have learnt that Morgan […]