Monthly Archives: August 2019
World’s largest pension fund promotes ESG and performance-based fees
(Opalesque) The largest pension fund in the world has been clarifying its sustainability goals in the last few years and fund managers ought to take note, as it is an initiator and it is working with other large asset. To […]
U.S. attorney general shakes up prison bureau after Epstein death
(Reuters) – U.S. Attorney General William Barr on Monday shook up the leadership at the federal Bureau of Prisons, removing its acting chief following the suicide of financier Jeffrey Epstein in a New York City jail. To read this article:
Hedge funds sell oil as global economy slows
(Reuters) – Hedge funds cut their bullish positions in petroleum last week for the second week running as anxiety about the slowing global economy and oil consumption trumped optimism over production restraint by OPEC and its allies. To read this […]
Hedge Funds Binged on GE Shares Before Worst Rout in 11 Years
(Bloomberg) General Electric Co.’s biggest plunge in 11 years came at an awkward time for some of Wall Street’s savviest investors, after a recent buying spree by the likes of Renaissance Technologies, Citadel Advisors and Adage Capital Management. Hedge funds […]
Billionaire Bill Ackman Explains Why he Invested 11% of his Fund in Berkshire Hathaway
(Forbes) Hedge fund billionaire Bill Ackman of Pershing Square Capital Management is riding high after a multiyear stretch of trouble.A publicly traded vehicle that houses the vast majority of his fund’s assets is up 48% net of fees as of […]
Activist Investor Mantle Ridge Reports 20% Stake in Aramark
(Bloomberg) Activist investor Mantle Ridge has built a 20% stake in food and facilities management company Aramark and plans to push for changes at the company.The New York-based fund run by Paul Hilal said in a regulatory filing Friday that […]
Cantor Fitzgerald and BMO Capital Charged for Improper Handling of ADRs
(HedgeCo.Net) The Securities and Exchange Commission has announced that broker Cantor Fitzgerald & Co. will pay more than $647,000 and broker BMO Capital Markets Corporation will pay over $3.9 million to settle charges of improper handling of “pre-released” American Depositary […]
Top Equity Hedge Fund Cashes In on Online Dating
(Bloomberg) A top long-only equity hedge fund is betting big on Internet dating. Helsinki-based HCP Focus, which has a slim portfolio of only 12 “high-conviction” stocks, has 16% of its funds invested in Tinder-operator Match Group Inc. The owner of […]
Wilshire Liquid Alternative Index up 0.55 per cent in July
(Hedgeweek) The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.55 per cent in July, underperforming the 0.77 per cent monthly return of the HFRX Global Hedge Fund Index. […]
Gold prices fall on stronger dollar, equities
(Reuters) – Gold prices dipped on Monday on a stronger U.S. dollar and a recovery in equities markets, as hopes of stimulus from major central banks eased fears of a steep global economic downturn. To read this article:
SoftBank’s Fortress Emerges as White Knight for Hotel Chain Unizo with $1.3 Billion Bid
(Reuters) Japanese hotel chain Unizo Holdings (3258.T) said it received a friendly buyout offer worth up to $1.3 billion from a SoftBank Group (9984.T) investment firm, a deal that will help it fend off a rare hostile takeover bid from […]
SS&C GlobeOp Hedge Fund Performance Index up 0.42% in July
(Opalesque) The gross return of the SS&C GlobeOp Hedge Fund Performance Index for July 2019 measured 0.42%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.38% in August.”SS&C GlobeOp’s Capital Movement Index for August 2019 […]