Monthly Archives: August 2019
Ackman Bets on Idol Warren Buffett’s Berkshire Hathaway
(Reuters) Billionaire U.S. investor William Ackman has long described how Warren Buffett, often called the greatest stock picker ever, has influenced his career. Now he’s paying the Oracle of Omaha the ultimate homage with a new investment in Buffett’s Berkshire […]
SEC Obtains Freeze of $8 Million in Assets in Alleged Fraudulent Token Offering and Manipulation Scheme
(HedgeCo.Net) The Securities and Exchange Commission announced fraud charges against a Brooklyn individual and two entities under his control who allegedly engaged in a fraudulent scheme to sell digital securities to investors and to manipulate the market for those securities. […]
Volcker Revamp to Ease Banks’ Trading Rules, Path to Investments
(Bloomberg) Wall Street watchdogs are poised to take a major step toward overhauling Volcker Rule limits on banks’ ability to trade with their own funds, according to four people familiar with the effort, moving to ease post-crisis safeguards reviled by […]
FlexTrade partners with ACA Technology to provide data on-demand for trade surveillance
(Hedgeweek) FlexTrade has partnered with ACA Technology Solutions to help mutual clients manage their trade surveillance and compliance needs using ACA’s Decryptex surveillance technology and FlexNOW. To read this article:
6 out of 10 investors seek to move assets from UK amid brewing of perfect storm
(Opalesque) Six out of 10 investors are now actively seeking to move assets out of Britain as a perfect storm looks set to hit the UK economy, reveals a new poll.The survey of more than 740 clients carried out by […]
Broker-Dealer Charged with Violations of Gatekeeping Provisions Aimed at Protecting Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged Canaccord Genuity LLC, a broker-dealer headquartered in New York City, with enabling trading in dozens of thinly-traded securities without conducting the review required by the federal securities laws. According to the SEC’s […]
Venture capital investments in Europe resilient on the back of mega-rounds
(Opalesque) Europe’s position in the venture capital (VC) world was maintained in Q2 2019 as the strength of Europe’s VC market continued to be defined by the growing diversity of its innovation hubs. Q2 2019 European VC-backed companies raised $8.7bn […]
Hedge fund managers recorded another positive month in July following strong H1 performance
(Hedgeweek) The Eurekahedge Hedge Fund Index was up 0.69 per cent in July bringing their year-to-date return to 6.56 per cent as global equity markets edged higher following expectations over a Fed rate cut. To read this article:
Crayhill Capital Management closes $100M transportation financing in Mexico
(Opalesque) Private credit shop Crayhill Capital Management is providing a senior secured credit facility of up to $100 million to Mutuo Financiera, a vehicle fleet leasing company focused on clean energy passenger transportation in Mexico. Crayhill Capital Management is led […]
Less than 2 per cent of firms are fully prepared for SM&CR, says survey
(Hedgeweek) A survey conducted on preparation for the FCA’s Senior Managers and Certification Regime, (SM&CR) has revealed that most firms have significant work to do, as they prepare for its extension to all authorised firms on 9 December. To read […]
Hedge funds are encouraged to jump on the ESG bandwagon
(Opalesque) How much sense does it make for a hedge fund manager 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 […]
Third Point cuts United Technologies stake after opposing Raytheon deal
(Reuters) – Hedge fund Third Point LLC said on Tuesday that it recently cut its investment in United Technologies Corp (UTX.N), becoming the second activist hedge fund to sell shares after the company announced a merger with Raytheon Co. (RTN.N) […]