Monthly Archives: September 2017
Platinum Partners Founder’s Lawyers Drop Appeal on Witness Contact Order
(Reuters) Lawyers defending Platinum Partners founder Mark Nordlicht in a $1 billion fraud case on Thursday said they would no longer pursue their appeal of a federal judge’s order restricting the attorneys’ contact with potential government witnesses. In a motion […]
Millennium Is Said to Back Hedge Fund Led by Javier Velazquez
(Bloomberg) Izzy Englander’s Millennium Management is backing a new hedge-fund startup run by portfolio manager Javier Velazquez, according to four people familiar with the matter. The fund will be London-based and follow a long-short equity strategy, said the people, asking […]
Trump Avoids Hedge Fund Loophole Amid Calls For Tax Reform
(Connecticut Post) Not long ago, Donald Trump impugned hedge fund managers as “paper-pushers” who “get away with murder.” But when it comes to how much taxes one of Connecticut’s vanguard industries pays on money management fees and investment income, the […]
How Much Artificial Intelligence Does IBM Watson Have?
(Harvest) To gauge the future of IBM, one needs to understand its cognitive computing platform, Watson. As its core business declines, IBM is counting on Watson to drive growth in new areas such as analytics, healthcare, internet of things, and […]
Big Hedge Funds Warn Of Market Fall Amidst North Korea Missile Threat
(Opalesque) Some of the biggest hedge fund managers have warned of a possible market fall because of the rising tension between the U.S. and North Korea amidst Pyongyang’s latest missile test over Japan, reported CNBC. In a LinkedIn post, Ray […]
Och-Ziff Hedge Fund Settles FCPA Charges
(HedgeCo.Net) As we reported yesterday, The Securities and Exchange Commission today confirmed that Och-Ziff Capital Management Group has agreed to pay nearly $200 million to the SEC to settle civil charges of violating the Foreign Corrupt Practices Act (FCPA). Och-Ziff […]
Volatility Hedge Fund Sees Bull Market in Fear as VIX Bets Jump
(Bloomberg) Beneath calm stocks, the volatility market is jumping.Take futures on the CBOE Volatility Index, whose volume surged 50 percent this month and is on pace for a record year, according to data compiled by Bloomberg. Belying the lull evidenced […]
Quant Hedge Funds Are China’s Hot New Export
(Bloomberg) Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to Marlon Sanchez, the Asia-Pacific head of […]
Natixis: Investors and Advisors Split on Return Expectations
(Fin Alternatives) Investors and their advisors are still miles apart in return expectations, according to a new survey by Natixis Global Asset Management, although the vast majority of advisors are turning to tools such as liquid alternatives to diversify their […]
Biotech Employee Charged With Insider Trading Ahead of Company’s Announcements About Breast Cancer Drug
(HedgeCo.Net) The Securities and Exchange Commission today charged the former senior director of regulatory affairs for Puma Biotechnology with insider trading ahead of the company’s news announcements about its drug to treat breast cancer. The SEC alleges that Robert Gadimian […]
Deutsche Bank Admits ‘Perception Issue’ as Shares Slide
(Reuters) Deutsche Bank shares were indicated down 6.2 percent ahead of the opening of the Frankfurt market on Friday, after Germany’s largest lender admitted it had an image problem with investors as fresh concerns over its stability emerged.The lurch followed […]
Risk Parity on the Rebound as Fed, BOJ Remain Accommodative
(Fin Alternatives) Recent policy decisions by the Federal Reserve and Bank of Japan have given a second wind to beleaguered risk parity strategies at managers such as Bridgewater and AQR that rely on rock-bottom interest rates and low market volatility […]