Monthly Archives: August 2019
Dollar falls on rising fears trade war will hit U.S. growth
(Reuters) – Increasing expectations that the U.S.-China trade war will have a negative impact on American economic growth pushed the dollar lower on Monday. To read this article:
Hedge funds polarised on oil by economy and supply threats
(Reuters) – Hedge fund managers remain deeply divided about what matters more for the future direction of oil – intensifying fears about a global recession or Saudi Arabia’s production cuts and other supply disruptions. To read this article:
MNG Enterprises Reveals 9.4% Stake in New Media, Protests Gannett Deal
(Reuters) Newspaper chain MNG Enterprises revealed a 9.4% stake in New Media Investment Group Inc (NEWM.N) on Friday, and said it may decide to vote or campaign against the company’s proposed deal with Gannett Co (GCI.N). MNG, now one of […]
Federal Court Orders Defendants to Pay More Than $2.7 Million in a Forex Fraud Scheme
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission today announced that the U.S. District Court for the Northern District of Georgia entered a default judgment against defendants Kevin Andre Perry and Lucrative Pips Corporation of Atlanta, Georgia in an enforcement action […]
Hedge funds positive again in July
(Hedgeweek) Hedge funds around the world generally continued delivering positive returns in July, starting off the second half of 2019 in the green with aggregate industry performance at +0.73 per cent, according to the latest eVestment hedge fund performance figures. […]
Sprott to acquire Tocqueville gold strategies
(Hedgeweek) Sprott Asset Management (SAM) is to acquire Tocqueville Asset Management’s gold strategy asset management business, with Tocqueville gold investment team comprised of Senior Portfolio Manager John Hathaway and Portfolio Managers Douglas Groh and Ryan McIntyre will join Sprott Asset […]
Tradeweb reports new quarterly record for average daily volume of USD753.8 billion
(Hedgeweek) Electronic marketplace operator Tradeweb has reported a new quarterly record for average daily volume (ADV) of USD753.8 billion, representing an increase of 39.6 per cent. To read this article:
Hedge fund Elliott hires Goldman partner Barg as head of corporate engagement
(Reuters) – Elliott Management, one of the world’s busiest activist investors, has hired a Goldman Sachs Group Inc (GS.N) partner as its head of corporate engagement as the hedge fund continues to push companies around the globe to perform better. […]
PG&E evaluating proposal from hedge funds Knighthead Capital, Abrams Capital
(Reuters) – Power producer PG&E Corp said on Friday it is evaluating a proposal from hedge funds Knighthead Capital Management and Abrams Capital Management to provide equity capital commitments supporting a plan to reorganize the company. To read this article:
Deloitte Sues Hedge Fund Manager Jeremy Leach Over Life Settlements Fund Liquidation
(Opalesque) Bailey McCann, Opalesque New York: Deloitte & Touche is suing hedge fund manager Jeremy Leach, associate William McClintock, and several other entities for $17.8 million in damages over allegedly fraudulent fees and other transactions related to Leach’s Traded Life […]
Chinese Bears See Trade War Worsening, Flee to Safe Havens, Derivatives
(Reuters) Many Chinese investors are piling into products that provide a hedge against a stock market collapse, convinced now that the Sino-U.S. trade war will drag on and, if anything, intensify. The dramatic shattering of a month-long truce between Beijing […]
OCIO Conflicts of Interest: Fee Fiddles and Performance Puffery
(AlphaWeek) The chief responsibility of an OCIO is to act as a trusted advisor and a co-fiduciary. Alignment, trust, transparency, and a spirit of partnership are critical ingredients of a successful OCIO relationship. It is therefore essential that institutional investors […]