Monthly Archives: August 2019
Rational Funds launches Rational Special Situations Income Fund
(Opalesque) Rational Funds, a family of funds rooted in the investment philosophy of applying a rational approach to investing, today announced the launch of the Rational Special Situations Income Fund (RFXIX), which utilizes an investment strategy primarily focused on non-agency […]
Hedge funds are encouraged to jump on the ESG bandwagon
(Opalesque) So how much sense does it make for a hedge fund to apply environmental, social and governance (ESG) criteria in its investments? It does make a lot of sense on two main counts: pressure from large and small asset […]
Hedge Funds Report Sixth Month of Gains for 2019 in July
(Opalesque) Hedge funds had another positive month in July, returning 0.44% according to the Barclay Hedge Fund Index, compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P Total Return Index was up 0.66% in July. Hedge funds […]
A New Approach to Investing in Emerging Markets
(Harvest) In recent times, China has been front and center of investors’ minds. In 2018 MSCI added China’s onshore stock market to its suite of global equity benchmark indices. Although the initial weight of A-shares is small, the decision is […]
Kraft and Mondel?z Global to Pay $16 Million in Wheat Manipulation Case
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission today announced that it obtained a $16 million penalty and injunction pursuant to a federal court’s entry of a consent order against defendants Kraft Foods Group, Inc. and Mondel?z Global LLC. The order, […]
SEC Charges Former CFO of Cash Advance Company With Defrauding Retail Investors
(HedgeCo.Net) The Securities and Exchange Commission today charged 1 Global Capital LLC’s former chief financial officer, Alan G. Heide, with defrauding retail investors. The now bankrupt Florida-based cash advance company allegedly fraudulently raised more than $322 million from 3,600 investors […]
Wilshire Liquid Alternative Index gains +0.55% in July
(Opalesque) The Wilshire Liquid Alternative IndexSM, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.55% in July, underperforming the 0.77% monthly return of the HFRX Global Hedge Fund Index. The Wilshire Liquid Alternative […]
Hirtle Callaghan taps Stephen Vaccaro for private equity
(Opalesque) – Hirtle Callaghan, pioneers of the Outsourced Chief Investment Officer (OCIO) model with over $20 billion under management, announced today that Stephen Vaccaro has joined the firm as Director of Private Equity. Mr. Vaccaro is an accomplished investment professional […]
Gramercy Funds Management hires Jeff Sharon to lead business development
(Opalesque) Gramercy Funds Management today announced that Jeffrey D. Sharon, CFP, CIMA has joined the firm as Global Head of Business Development. Jeff will be responsible for the firm’s marketing, distribution and investor relations efforts and will also serve as […]
Burford brings in caretaker CFO in governance overhaul Muvija M, Kirstin Ridley
(Reuters) – Burford Capital (BURF.L), the litigation funder embroiled in a stand-off with short-seller Muddy Waters, on Thursday confirmed plans for a dual U.S. listing as it replaced its finance chief over investor concerns about her marriage to the CEO. […]
SoftBank-owned Fortress to make rival bid for Japan’s Unizo: Nikkei
(Reuters) – Fortress Investment Group, a U.S. investment firm owned by SoftBank Group (9984.T), will offer to buy Japanese hotel operator Unizo Holdings (3258.T), launching a counter bid against travel agency H.I.S. Co (9603.T), the Nikkei reported. Fortress will a […]
GE shares fall on Madoff whistleblower calling its finances a fraud
(Reuters) – General Electric Co (GE.N) shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff’s Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from […]