Monthly Archives: August 2015
Robot Hedge Fund Traders Fight Back
(Wall Street Journal) Computer-driven hedge funds have had a torrid time of late. But this month, at least, they are making a comeback. So-called CTAs (commodity trading advisors), which use complex algorithms to try and profit from trends in financial […]
China Freezes US Fund Citadel’s Account In War Stock Speculation
(Reuters) China’s markets regulator has frozen a trading account linked to Citadel Securities, a unit of the U.S. group that also owns hedge fund Citadel LLC, as Beijing battles against speculators to prop up China’s ailing stock markets. The regulator, […]
Hedge Fund Magnate Gives $11.1M To Cruz Campaign
(New York Post) Long Island hedge-fund magnate Robert Mercer dumped $11.1 million into Texas Sen. Ted Cruz’s campaign coffers, according to federal filings released Friday. A former computer programmer at IBM, Mercer earned his wealth designing algorithms to outsmart the […]
New Jersey Shifts $1bn In Hedge Fund Redemptions and Allocations
(Hedgefund Intelligence) New Jersey’s $79.2 billion pension fund is redeeming more than $600 million in investments from Wellington Management and Arden Asset Management, part of a series of moves that will see more than $1 billion in hedge fund assets […]
Blackstone’s New “Big Bet” Hedge Fund
New York (HedgeCo.Net) – Hedge fund investor Blackstone is preparing to launch a new hedge fund that will will have to up to 30 teams of seasoned investors with $100 million each to play with, according to a report by […]
SEC Adopts Asset-Backed Securities Reform Rules
New York (HedgeCo.Net) – The Securities and Exchange Commission has adopted revisions to rules governing the disclosure, reporting, and offering process for asset-backed securities (ABS) to enhance transparency, better protect investors, and facilitate capital formation in the securitization market. The […]
Hedge Funds Hunting Clues in Treasury Tax-Inversion Limit
Bloomberg – Tax lawyer Robert Wellen’s telephone keeps ringing with calls from hedge-fund executives he’s never met. They’re desperate for clues about the Treasury Department’s planned crackdown on corporate inversions, overseas mergers that cut companies’ U.S. tax payments. The barrage […]
Why you should avoid the hottest hedge fund hands
CNBC – Investors who don’t have money with Pershing Square Capital Management are likely salivating at the hedge fund’s industry-leading 26 percent return from January through July. But investing with Bill Ackman and other top-performing managers after a great run […]
PwC must face $1 billion lawsuit over MF Global advice
Reuters – A federal judge on Wednesday [Aug. 27] ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd., a brokerage run […]
Merck to Comply With Hedge Fund’s Subpoena
New Jersey Law Journal – Merck must hand over internal documents related to its valuation of an osteoporosis drug it developed, thanks to a New Jersey federal judge’s decision. In Biotechnology Value Fund v. Celera, U.S. Magistrate Judge Douglas Arpert […]
4 Essentials Your Financial Advisor Should Have
User Contributed News – Shocking stats continue to make news regarding America’s preparedness for retirement, including the fact that one of five citizens near retirement age have zero money put away for the golden years, according to statistics recently released […]
Banks’ pressure stalls opening of U.S. derivatives trading platform
Reuters – The first interdealer trading platform aimed at opening up credit derivatives markets to new competition has hit roadblocks due to resistance from some banks that dominate such trading, according to several people familiar with the situation. Derivatives markets […]