Monthly Archives: September 2016
SEC Charges CEO and Boiler Room Operator With Fraud
(HedgeCo.Net) The Securities and Exchange Commission today charged a former microcap company CEO and a boiler room operator with defrauding seniors and others who were pressured to invest in a pair of penny stock companies and promised lucrative profits. The […]
Hedge Fund Legend Says the Industry Is Facing the Most Difficult Era Ever
(Bloomberg) Hedge funds are facing the most challenging time Tiger Management’s Julian Robertson said he’s seen in an investing career spanning several decades, and the industry pioneer cautioned that their days of charging hefty fees may be over. “That type […]
Hedge Funds Miss Alibaba Rally, Forgoing Millions in Gains
(Bloomberg) Shares of Alibaba Group Holding Ltd. are headed toward their second-best quarter since the e-commerce giant’s record-setting initial public offering two years ago. And hedge funds are missing out. The Chinese company’s U.S.-traded stock jumped as much as 38 […]
Hedge Funds Prefer Hard Wheat to Soft, Coffee to Cocoa, Cattle to Hogs.
(Agrimoney.com) Hedge funds favoured hard wheat over soft, coffee over cocoa, and cattle over hogs as they raised their bullish bets on agricultural commodities for a second successive week – for the first time in three months. Managed money, a […]
Corvex Drops Williams Proxy Fight After More Directors Named
(Reuters) Pipeline operator Williams Cos Inc said on Monday it added two new directors, prompting activist investor Corvex Management LP to withdraw plans to replace the company’s entire board.The company named Stephen Chazen, former chief executive of Occidental Petroleum Corp, […]
Carlyle: Expect More Buyouts As Chinese Economy Slows
(Fin Alternatives) Global alternative asset manager Carlyle Group believes private equity firms will increasingly buy control of companies in Asia rather than take minority stakes, particularly in China where slowing economic growth is likely to convince more owners to sell. […]
Onetime Rising Hedge Fund Star John Thaler Considers Comeback
(Reuters) John Thaler, the tech, media and telecom stock specialist who shut down his hedge fund firm JAT Capital Management LP in 2015, is considering a return to managing other people’s money, including launching a new hedge fund, two people […]
One Small Hedge Fund Is Carrying On in The Fight Over Caesars
(Bloomberg) The titans of the investing world have settled their fight in bankruptcy court over the future of the Caesars casino empire. But one tiny band of lenders is pressing on and keeping alive a lawsuit they say is designed […]
Hedge Fund Fallout Results in Fee Restructures, Closures
(Investopedia) In September of 2016, Brevan Howard Asset Management made plans to modify its fee structure, removing management fees for existing clients for new investments in two of its major funds. At roughly the same time, Perry Capital announced the […]
Perry Capital Closing Flagship Fund After Almost Three Decades
(Bloomberg) Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its […]
Merrill Lynch Charged With Trading Controls Failures That Led to Mini-Flash Crashes
(HedgeCo.Net) The Securities and Exchange Commission today announced that Merrill Lynch has agreed to pay a $12.5 million penalty for maintaining ineffective trading controls that failed to prevent erroneous orders from being sent to the markets and causing mini-flash crashes. […]
Allianz Global Investors Launches Structured Absolute-Return Liquid Alt Fund
(Fin Alternatives) Global investment manager Allianz Global Investors has debuted a new structured-product absolute return fund on its liquid alternatives platform. To read this article: