Monthly Archives: August 2015
China Devaluation Rattles Investors
(Financial Times) Stocks and emerging market currencies are in retreat, while traders seek safety in Treasuries as the impact of China’s decision to devalue the renminbi continues to reverberate through markets. The mood in equities is decidedly sour. The pan-European […]
US Appeals Court Narrows Debt Claims Against Argentina
(Reuters) Argentina on Monday won the reversal of a U.S. judge’s ruling that a group of bondholders suing over its defaulted debt said entitled them to $700 million.The 2nd U.S. Circuit Court of Appeals in New York ruled that U.S. […]
UBS Closes Feeder Fund
(HITC Business)UBS shut down a feeder fund that provided wealthy clients access to billionaire investor John Paulson’s Advantage fund due to the high cost of operating that portfolio, two sources said last week. Reuters reports that the bank shut down […]
US Identifies Insider Trading Ring With Ukraine Hackers
(Bloomberg) Exposing a new front in cybercrime, U.S. authorities broke up an alleged insider trading ring that relied on computer hackers to pilfer corporate press announcements and then profited by trading on the sensitive information before it became public. In […]
M&A Bonanza Means Billionaire John Paulson Is Having A Really Good Year
(Forbes) Reading recent headlines, you might think that billionaire John Paulson of hedge fund Paulson & Co. is down on his luck. A number of recent articles have highlighted investor withdrawals from some Paulson strategies, in addition to the decision […]
Will The Devaluation of The Yuan Have An Impact Like The Swiss Franc
New York (HedgeCo.net) – When the Chinese government moved to de-value the yuan on Tuesday, the shockwaves were immediate and far reaching. Every major index around the globe was down on Tuesday with the Shanghai Composite near breakeven. The United […]
Einhorn an “Anomaly” with Bet Against Yuan
New York (HedgeCo.net) – When China devalued its currency on Tuesday, most investors were not happy as the move sent stocks around the world lower. One of the exceptions to the rule is apparently David Einhorn of Greenlight Capital. According […]
American Express up Over 8% After Stake Announced by Activist Fund
New York (HedgeCo.net) – When it was announced on Friday that activist hedge fund ValueAct Capital Management had secured a $1 billion stake in American Express (NYSE: AXP), it was natural to expect a bounce in the stock and bounce […]
Ackman Calls Out Wall Street Journal
New York (HedgeCo.net) – It is no secret that Bill Ackman and his hedge fund Pershing Square Capital are big investors in government sponsored enterprises Fannie Mae and Freddie Mac. Ackman has been touting the two stocks for a year […]
Hedge funds foiled by Europe’s distorted debt market
(Reuters) – Ultra-easy European Central Bank monetary policy is protecting the debts of some of the bloc’s weakest countries from attack by speculative hedge funds. Through a combination of low rates and bond purchases over the last four months, the […]
UBS said to close feeder fund
(Reuters) – UBS shut down a feeder fund that provided wealthy clients access to billionaire investor John Paulson‘sAdvantage fund due to the high cost of operating that portfolio, two sources said last week. Reuters reports that the bank shut down the […]
Warren Buffett just crushed Bill Ackman’s dream deal
(Yahoo Finance) – Warren Buffett — billionaire investor, philanthropist, Bill Ackman dream-crusher. Last week The Wall Street Journal reported that Ackman’s hedge fund, Pershing Square, had taken a $5.5 billion stake in Mondelez, the snack company behind Oreos and Ritz […]