Monthly Archives: September 2016
Elliott Discloses 8.1% Activist Stake in Mentor Graphics
(Bloomberg) Elliott Management Corp. increased its activist stake in Mentor Graphics Corp. to 8.1 percent, saying shares of the design-services provider are deeply undervalued. “There are numerous operational opportunities, including enhancing operational efficiency and revenue quality, as well as strategic […]
Will This Top Firm Get Tough on Pay this Bonus Round ?
(HITC Business) Deutsche Bank could raise as much as $3.14bn by taking a tougher stance on employee compensation and not giving bonuses to thousands of staff, according to Autonomous Research. “Being very tough on the 2016 bonus pool and requiring […]
Portfolio Construction Using Endowment Drivers with David Armstrong
(Daily Alts) David Armstrong, portfolio manager for Cedar Capital, was Strategic Investor Radio’s very first guest when the program debuted in October 2014. In this episode, Mr. Armstrong is back with host Charley Wright, as the two men discuss Cedar […]
Hedge Fund CIO Explains Why Returns Aren’t What They Used to be
(Yahoo) Generally speaking, it’s been challenging for hedge funds to beat the market for the last couple of years. Ryan Tolkin, the chief investment officer of Schonfeld Strategic Advisors, pointed out one critical change in the hedge fund landscape that’s […]
Och-Ziff To Pay $400 Million To Settle Bribery Allegation
(Reuters) Och-Ziff Capital Management Group LLC will pay $400 million and a subsidiary will plead guilty to resolve U.S. probes into its involvement in bribes paid to African officials, two people familiar with the matter said on Wednesday. In a […]
UBS Financial Services Hit With $15-Million Penalty
(HedgeCo.Net) The Securities and Exchange Commission today announced that UBS Financial Services has agreed to pay more than $15 million to settle charges that it failed to adequately educate and train its sales force about critical aspects of certain complex […]
Rhode Island Cuts Hedge Fund Target Allocation by Half
(Fin Alternatives) Rhode Island’s $7.6 billion pension fund plans to slash its allocation to hedge funds by half over the next two years in a bid to improve returns, the latest public retirement plan to lower exposure to the alternative […]
Veritas Asset Management Taps UBS’s Barnes For CEO Slot
(Fin Alternatives) UBS Global Asset Management executive Ian Barnes has been named chief executive officer at Veritas Asset Management. To read this article:
Man Group CEO Sees Pressure on Event-Driven Hedge Funds
(Bloomberg) Larger discretionary macro and event-driven hedge funds are most at risk of shutting down as low returns weigh on the industry, according to the chief executive officer of the world’s largest publicly traded hedge-fund manager. “When individual funds get […]
Quant Who Coined Risk Parity Says Wall Street Has It All Wrong
(Bloomberg) Nowadays, it’s a rare selloff that isn’t blamed on the growing heft of a strategy called risk parity. But to a 52-year-old quant who helped develop it, the problem isn’t that risk parity is too big, but too small. […]
Two Sigma Says Artificial Intelligence Lacks Smarts
(Bloomberg) David Siegel, a quantitative hedge fund pioneer, issued a warning to investors: Artificial intelligence lacks common sense. Siegel, who has used AI to build his Two Sigma Investments into a $37 billion hedge fund firm, said algorithms are limited […]
IMC’s Berring Prepping New Structured Credit Hedge Fund
(Fin ALternatives) Former IMC Asset Management portfolio manager Simon Berring is launching a new structured credit hedge fund that will focus on securitized consumer and residential credit assets in esoteric, and under-invested segments of the structured credit market. To read […]