Monthly Archives: August 2016
Asian Hedge Fund Bonuses to Shrink at Least 50% as Performance Plummets
(eFinancial) It’s only August, but many Asian hedge fund professionals are already facing up to the prospect of dire 2016 bonuses on the back of faltering performance in the sector. Figures from eVestment show that Asia-based funds are suffering the […]
Illiquid Assets
(Harvest) With rates at record lows around the world, and still falling in many places outside the US, the ability to generate returns is an increasing challenge for investors. While some have reacted by looking down the credit spectrum at […]
Appointment of Cayman Liquidator Adds Pressure on Platinum Partners
(Reuters) A Cayman Islands court ordered that an outside expert help unwind a hedge fund managed by Platinum Partners, a New York-based firm facing dual investigations by U.S. regulators. A local judge on Tuesday appointed insolvency specialist RHSW Caribbean as […]
The Hedge Fund Manager Who Beat the Feds
(Fortune) Hedge fund manager Todd Newman’s successful career was upended when he was prosecuted for insider trading. After his conviction was thrown out on appeal, the case became a landmark in Wall Street regulation. An inside look at what it’s […]
Apollo Agrees to Pay $52.7M For Misleading Fund Investors
(HedgeCo.Net) The Securities and Exchange Commission today announced that four private equity fund advisers affiliated with Apollo Global Management have agreed to a $52.7 million settlement for misleading fund investors about fees and a loan agreement and failing to supervise […]
The World’s Top Performing Hedge Fund is Shorting Big Dividends
(Bloomberg) The world’s top performing hedge fund is shorting companies that are juicing their valuations by promising investors big dividends. AAM Absolute Return Fund, which according to HSBC Holdings was the world’s best performing hedge fund in 2015, is betting […]
Credit Suisse Asia Markets Bankers Plan Macro Hedge Fund
(Bloomberg) Two Hong Kong-based managing directors at Credit Suisse Group AG plan to leave the bank to start a macro hedge fund, according to people familiar with the matter. Lucas Kiely, Credit Suisse’s head of cross-market trading, and Charles Firth, […]
A Wave Of Activist Hedge Funds Are Shaking Up Japan
(The Business Insider) There’s a whole lot of shaking going on. For decades Japan Inc. has frustrated the efforts of just about every foreign shareholder activist who has tried to storm its gates. Beginning with T. Boone Pickens’s 1989 bid […]
A Groundbreaking Wall Street Trading Startup Is Trying To Pull Back From The Brink Of Closure
(The Business Insider) Direct Match, a Wall Street trading startup focused on the US Treasurys market, is exploring strategic options that could include a sale. The firm, which touted itself as the first all-to-all US Treasury trading platform, was launched […]
Ledbury Capital Shutting Master Fund, Exploring New Vehicles
(HFMWeek.Com) London hedge fund manager Ledbury Capital Partners is closing its eponymous Master Fund and returning investor capital, HFMWeek has learned. HFMWeek understands the firm, which had around $103m AuM in mid-2015, is now exploring strategic opportunities it believes will […]
Hedge Fund Inroads Weaken Reinsurers’ Catastrophe Defenses
(Bloomberg) It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors such as hedge funds have eroded prices so much that a typical year of claims could move the industry […]
Hedge Fund Manager Charged in Scheme Involving Terminally Ill
(HedgeCo.Net) The Securities and Exchange Commission has announced fraud charges against a hedge fund manager and his firm accused of paying terminally ill individuals to use their names on purportedly joint brokerage accounts so he could purchase investments on behalf […]