Monthly Archives: August 2018
Should we really be watching the crypto market every second?
(Harvest) Every new technology has its ups and downs. However, most of them don’t give you minute-by-minute updates on how the experiment is progressing. Imagine if Thomas Edison was giving you real-time progress updates while inventing the light bulb. As […]
Proxy Fight Looms as New Investors Ramp Up Pressure on Campbell Soup
(Reuters) The family that controls Campbell Soup Co (CPB.N) looks to be on a collision course this week with new hedge fund investors pushing for the company to sell itself, heralding a potential proxy fight industry analysts have labeled the […]
New Tax Law Favors Hedge Funds Over Managed Accounts
(Forbes) Hedge fund investors benefited from tax advantages over separately managed accounts (SMA) for many years. The 2017 Tax Cuts and Jobs Act (TCJA) widened the difference by suspending all miscellaneous itemized deductions, including investment fees. SMA investors are out […]
Veteran Quant Joins Millennium as a Risk Manager With One Unique Responsibility
(eFinancial Careers) A quant trader and researcher who cut his teeth at Lehman Brothers has joined Millennium Management in an interesting new role that may have consequences on who the hedge fund ultimately hires. Derrick Li started at Millennium in […]
Blockchain Adoption Ramping up in Asia
(Harvest) U.S. Works on Blockchain Development, While Others Prioritize Adoption. The week of May 14, 2018 was blockchain1 week in NYC and if you haven’t been paying attention, you could no longer ignore this potentially revolutionary technology. To read this […]
Investors Have Misdiagnosed Amazon’s Push Into The Pharmacy Business
(Harvest) Companies everywhere, in every business, are paranoid about Amazon.com. This sort of paranoia is healthy for the long-term well-being of our investment portfolio, as it is creating interesting buying opportunities. A case in point: My firm spent a lot […]
SEC Charges Moody’s With Internal Controls Failures and Ratings Symbols Deficiencies
(HedgeCo.Net) The Securities and Exchange Commission has announced that Moody’s Investors Service Inc., one of the nation’s largest credit ratings agencies, has agreed to pay a total of $16.25 million in penalties to settle charges involving internal control failures and […]
Bullish hedge fund managers continue to pull oil positions:
(Reuters) – Hedge fund managers continued to liquidate their bullish positions in crude and fuels, amid negative sentiment towards petroleum, before prices rallied sharply in the second half of last week. Hedge funds and other money managers cut their combined […]
Record U.S. yield curve bets plunge into red as inversion looms:
(Reuters) – Hedge funds are doubling down on their bets that the U.S. yield curve will steepen, just as it flattens to within 20 basis points of inversion, historically a sure-fire indication that the economy is headed for a slowdown. […]
Fund Managers and Their Fees
(Business Day) The SA fund management industry is sophisticated, professional, internationally adept … and expensive. The question is whether this expense is justified and if not, are the costs of investing the hard-earned cents of retirees coming down? In some […]
GAM to Start Returning Money From Frozen Funds Next Month
(Bloomberg) posted on Tue 28 Aug 2018 Permalink GAM Holding AG said it will start paying back investors in its frozen bond funds in early September after winning approvals to start liquidating the strategies that were run by suspended bond […]
Noble Group Wins Lifeline as Shareholders Back $3.5 Billion Debt Restructuring
(Reuters) Noble Group Ltd (NOBG.SI) won approval from shareholders on Monday for a $3.5 billion debt restructuring plan that should ensure the survival of what was once Asia’s biggest commodity trader. Faced with the prospect of the company’s insolvency, shareholders […]