Monthly Archives: September 2016
Hedge Funds Issue Open Letters
(Benzinga) Monday was a busy day for the hedge fund sector as several notable firms issued public letters. (To read this article)
BlackRock’s McKenna Said to Start Merger-Arbitrage Hedge Fund
(Bloomberg) BlackRock Inc. has started a hedge fund with a $200 million investment from New Zealand’s sovereign-wealth fund that will seek to profit from bets on companies involved in takeovers. The merger-arbitrage fund began trading this month and is run […]
Elliott’s Singer Says Sell Long-Term Bonds, Sees Inflation Risk
(Bloomberg) Elliott Management Corp.’s Paul Singer said investors should sell out of longer-term bonds, warning that even debt securities of G7 nations aren’t a safe haven. Speaking at the CNBC Institutional Investor Delivering Alpha Conference Tuesday in New York, the […]
“Stock Trading Whiz Kid” to Pay $1.5 Million to Settle Stock Newsletter Fraud Charges
(HedgeCo.Net) The Securities and Exchange Commission today announced that a self-proclaimed “stock trading whiz kid” and his stock newsletter company in Los Angeles have agreed to pay nearly $1.5 million to settle charges that they defrauded subscribers through false statements […]
The AUM Fee Schedule: Face-To-Face With A Dinosaur
(Harvest) My first glimpse at the world of financial services was back in 1975 when I served as an intern at the Securities and Exchange Commission while I attended law school. I was assigned to the Division of Investment Management, […]
Citigate Dewe Rogerson Launches Global Hedge Fund Practice
(Fin Alternatives) International financial and corporate communications consultant Citigate Dewe Rogerson has launched a new hedge fund practice centered on London, New York, Hong Kong and Singapore. To read this article:
Lyxor: Hedge Fund Index Flat as CTAs Shine and Macro Falters
(Fin Alternatives) Hedge fund strategies with the most directionality fared the best over the past week, according to the latest data from Lyxor Asset Management’s Weekly Brief. To read this article:
There is something missing from the hedge fund industry
(Business Insider) In 2015, Mallory Downing was hustling for a hedge fund job.Like many of her peers at Columbia Business School in New York, she sent out hundreds of resumes. She met with more than 100 people in interviews or […]
Fintech Venture Targets Hedge Funds With Big-Data Research
(Bloomberg) A Japanese startup is entering the equity-research business in a bid to challenge the dominance of securities firms by using computers to crunch vast troves of information and predict companies’ earnings. Nowcast Inc., a financial-technology venture formed last year […]
Westbeck Capital Nears Regulatory Green Light, Eyes $100 Million
(Reuters) London-based hedge fund firm Westbeck Capital hopes to get full regulatory clearance for its energy fund in September and is targeting $100 million in assets by year-end, a source close to the company said on Monday. Set up by […]
Solarcity Raises $305 Million in Deal Advised by Soros’ Firm
(Reuters) Solar panel installer SolarCity Corp (SCTY.O), which is being bought by Tesla Motors Inc (TSLA.O), on Monday said it had raised $305 million by selling the future cash flows for a portfolio of solar projects to a fund advised […]
Ex-SAC Trader Shutters Hedge Fund Backed by Alibaba Founders
(Bloomberg) Andrew Bazarian, a former employee at billionaire investor Steven A. Cohen’s firm, will shut his Asia-focused hedge fund whose backers include a firm that invests money for Alibaba Group Holding Ltd. executives, according to people familiar with the matter….Bazarian […]