Monthly Archives: August 2018
Hedge Funds Went Short on Metals Just Before the Sell-Off
(Bloomberg) Commodity markets have gone haywire — and hedge funds with picture-perfect timing are set to rake in stellar profits. As U.S.-China trade tensions escalated mid-June, fast-money traders flipped to a short position in metals overall, subsequently extending bearish wagers […]
Velite Capital Joining Exodus Of Energy Hedge Funds
(Nasdaq) Energy hedge fund Velite Capital, once among the most profitable natural gas trading shops in the United States, is winding down operations, four people familiar with the matter said…. To read this article:
JTC to acquire Van Doorn
(Hedgeweek) JTC, a provider of fund, corporate and private wealth services to institutional and private clients, is to acquire Van Doorn from International Capital Group BV. To read this article:
Soros’ Fund Adds Popular Tech Names and Blackrock in the Second Quarter
(CNBC) Soros Fund Management added Facebook, Apple, and Twitter, but trimmed stakes in Alphabet and Amazon.com in the quarter through June….The family office of billionaire George Soros also bought stakes in AT&T, Chevron, and T-Mobile US, and divested stakes in […]
Citigroup to Pay More Than $10 Million for Books and Records Violations and Inadequate Controls
(HedgeCo.Net) The Securities and Exchange Commission today announced that Citigroup has agreed to pay $10.5 million in penalties to settle two enforcement actions involving its books and records, internal accounting controls, and trader supervision. The charges stem from $81 million […]
The Man Who Triggered a $10 Billion Commodity Collapse Finally Speaks
(Bloomberg) Arnaud Vagner has been a mystery for more than three years. Noble Group, once one of the world’s biggest commodity trading houses, characterized him as a disgruntled former junior employee behind a series of reports by Iceberg Research, an […]
Ackman Has New Stake Worth $800 Million in Unidentified Company
(Bloomberg) Bill Ackman said Wednesday his Pershing Square Capital Management has a new undisclosed position valued at about $800 million in a company he didn’t identify. “We have a new investment, which we’ll not disclose in detail,” Ackman said during […]
U.S. Investor Sues AT&T for $224 Million Over Loss of Cryptocurrency
(Reuters) U.S. entrepreneur and cryptocurrency investor Michael Terpin filed a $224 million lawsuit on Wednesday against telecommunications company AT&T (T.N), accusing it of fraud and gross negligence in connection with the theft of digital currency tokens from his personal account. […]
The World’s Largest Hedge Fund Loads Up on Alibaba
(Yahoo) Bridgewater Associates, the world’s largest hedge fund that oversees $150 billion in assets under management, bought $15.7 million worth of Alibaba shares during the second quarter…. To read this article:
IMDDA to Launch Professional Due Diligence Designation in Q4 2018
(Hedgeweek) The Investment Management Due Diligence Association (IMDDA), an investor-based organisation dedicated to the professionals who investigate facts concerning investment programs, is to launch a professional due diligence designation program later this year.The Chartered Due Diligence Analyst (CDDA) will be […]
The Emerging World Of Cryptocurrency Asset Management
(Hedgeweek) Drawing on decades of experience, Matthew Shaw and Philipp Kallerhoff are founders of Protos Asset Management, a Swiss based cryptocurrency asset manager that brings the investing concepts of value, momentum and volatility to the crypto world in the form […]
Jay Kaplan on 3 Overlooked Tech Opportunities
(Harvest) Portfolio Manager Jay Kaplan discusses his contrarian view of opportunities in the tech world. To read this article: