Monthly Archives: September 2016
Och-Ziff Says U.S. Judge Ignored Own Deadline in Class Action
(Reuters) Lawyers for Och-Ziff Capital Management Group LLC said a federal judge ignored his own deadline by certifying a class-action lawsuit tied to a bribery probe on Wednesday without giving the largest publicly traded U.S. hedge fund company a chance […]
Puerto Rico Rescue Law to Face First Court Test From Creditors
(Bloomberg) The new federal law that shields Puerto Rico from bondholder lawsuits will have its day in court next week. U.S. District Judge Francisco Besosa has scheduled a hearing on Sept. 22 in San Juan on whether investors should be […]
Fired Highland Capital Manager Says He Opposed Self-Dealing
(Bloomberg) A former portfolio manager seeks to force Highland Capital Management LP into arbitration over his claim that he was fired after questioning what he described as the firm’s illegal self-dealing with outside investors. Highland said in a court filing […]
Activist Hedge Fund Crystal Amber Sees Post-Brexit Vote Opportunities
(Reuters) Hedge fund Crystal Amber Fund Ltd on Tuesday said Britain’s vote to leave the European Union had created opportunities for its brand of activist investing, although it remained cautious on the market outlook. Activist funds such as Crystal Amber […]
Stop Fighting Volatility, Invest In It
(Harvest) Enter a handful of hedge fund managers who are doing just that, managing millions for investors via VIX futures and options market. How do they do it? After 50 days of no daily stock market moves bigger than 1%, […]
AIMA: Emerging Trends Suggest Greater Alignment of Interests Between Investors, Managers
(Fin Alternatives) Alternative asset managers are changing business models and exploring ways to improve the alignment of interests between themselves and their investors, according to a new survey by the Alternative Investment Management Association. To read this article:
Hedge Funds Find a New Short-Selling Guru
(Bloomberg) As activist short sellers descend on Japan’s stock market for the first time, one local analyst is emerging from obscurity to contend for the title of Tokyo’s most influential bear. His name is Yuki Arai, and for someone who […]
BofAML: Managers Increase Cash Levels, EM Exposure as Worries Mount
(Fin Alternatives) Investors have upped their cash holdings and increased exposures to emerging market equities amid concerns about a looming bond market selloff and sky-high stock market valuations in developed nations, according to Bank of America Merrill Lynch’s most recent […]
Quant Fund dormouse Falls -1.53% in August; Up 13.89% YTD
(Fin Alternatives) Quantitative investment manager dormouse posted its second consecutive monthly loss in August, falling -1.53% as long-term fundamental and momentum models underperformed. To read this article:
Hedge Fund Manager Who Sued Prosecutors Speaks Out For The First Time
(CNBC) David Ganek, whose hedge fund Level Global shut down in the wake of an insider trading investigation, said his lawsuit against prosecutors is about “transparency” and “accountability.” Level’s offices were raided in 2010, and Ganek’s co-founder Anthony Chiasson was […]
Hedge Fund Manager Who Spotted Fraud at Enron Calls Tesla ‘The Anti-Amazon’
(Fortune) And Elon Musk isn’t Jeff Bezos.Tesla’s Elon Musk doesn’t impress Jim Chanos.Chanos, the short-seller known for successfully betting against Enron before it collapsed, said he is now even more convinced that Tesla stock will fall, as its CEO Musk […]
Ray Dalio Disagrees With Dimon That It’s Time to Raise Rates
(Bloomberg) Billionaire hedge fund manager Ray Dalio said he disagrees with Jamie Dimon’s view that it’s time for the Federal Reserve to raise interest rates, saying such a move would be risky. Dimon, chief executive officer of JPMorgan Chase & […]