Monthly Archives: August 2016
Banks Are Preparing For An ‘Economic Nuclear Winter’
(HITC Business) The first half of 2016 has been a roller-coaster for financial markets. A combination of uncertainties surrounding the U.K.’s vote to leave the European Union and weaker-than-expected corporate earnings results across the region means a tough second half […]
Purported Green Technology Company Defrauding Investors
(HedgeCo.Net) The Securities and Exchange Commission today charged a California-based company and two executives with using baseless financial projections and other misleading statements to defraud investors in a venture to manufacture environmentally-friendly building materials. The SEC alleges that Enviro Board […]
Want a Hedge Fund Job? Knowing About Wavelets Improves Your Odds
(Bloomberg) Job seekers with MBAs or experience as securities analysts no longer jump to the front of the hiring line. But if you’re nimble with partial differential equations or wavelets, hedge funds want you. Hedge funds that have relied on […]
Ex-BlueCrest PM Makita Said to be Planning New Hedge Fund
(Fin Alternatives) Former BlueCrest portfolio manager Takashi Makita is reportedly planning to launch a new systematic hedge fund manager that will focus on volatility-related opportunities. To read this article:
Gemini Managed Account Platform Surpasses $500M in AUM
(Fin Alternatives) Invested assets aboard Gemini Alternative Funds’ Galaxy Plus managed account platform have crested $500 million as of this month, the company has disclosed. To read this article:
Drivers of Change in the Hedge Fund Industry – Performance
(Preqin) With recent returns lower than investors have come to expect, the performance of the hedge fund industry is under increasing scrutiny. Joe McGee takes a closer look at the performance of the asset class and its implications, using data […]
Big City Bosses Batten Down The Hatches For Brexit Deal Drag
(City A.M) A drawn-out Brexit process would have a dire impact on the UK’s investment and growth according to some of the City’s top veterans as they brace themselves for a lengthy divorce from the EU…. To read this article:
Carl Icahn Buys 2.3 Million Herbalife Shares Just to Spite Bill Ackman!
(Dealbreaker) Bill Ackman appeared on CNBC claiming that his nemesis turned friend turned probably nemesis again Carl Icahn was looking to sell his Herbalife stake because “he knows he’s toast.” Ackman liked this idea a whole lot, because Icahn dumping […]
Hedge Funds See Investment Exodus Amid Faltering Performance
(HITC Business) If money talks, then one of the things it has been saying this summer is that investors are no longer interested in hedge funds. Investors withdrew $25.2bn from hedge funds in July, according to eVestments. This is the […]
Hedge fund becomes big Tronc shareholder
(Chicago Business) A New York hedge fund has increased its ownership stake in Tronc and may get involved in talks to sell the newspaper publisher. HG Vora Capital Management, which has been an activist shareholder in the past, made a […]
Vocus Founder Partners to Launch New Fund Manager
(Financial Standard) The founder and former chief executive of listed business telco provider Vocus Communications has launched an asset management firm. James Spenceley formed Vocus in 2008; in September last year, it merged with M2 Group to become a major […]
Hedge Funds Bail on Copper as Goldman Sees ‘Supply Storm’
(Bloomberg) Copper is stuck in a rut. While other metals have shined in 2016, copper has struggled to gain traction and last week erased its gains for the year. Demand in China, the world’s biggest user, is slowing just as […]