Monthly Archives: September 2015
Hedge Fund Manager Again Targets Biogen’s MS Drug Patent
(Law360.com) An organization with close ties to hedge fund manager Kyle Bass filed a petition with the Patent Trial and Appeal Board on Monday seeking an inter partes review of Biogen MA Inc.’s patent covering the multiple sclerosis drug Tecfidera, […]
J.P. Morgan Prime Brokerage Predicts Major Shift in Hedge Fund Allocations
New York (HedgeCo.net) – With the possibility of rising interest rates domestically, interest rate volatility globally and greater volatility in the global equity markets, J.P. Morgan’s prime brokerage division is predicting there will be significant allocation changes in hedge fund […]
One of Canada’s largest pension boards is suing Saba Capital
(Business Insider) In a complaint filed Friday, one of Canada’s largest pension boards is accused Saba Capital of allegedly “Manipulating the value” of their investments in a fund.The Public Sector Pension Investment Board had $500 million in the Saba Offshore […]
Hedge Funds Primed for Oil Rebound With Increase in Bullish Bets
(Bloomberg) The momentum behind wagers on rising oil prices picked up steam as U.S. drilling slows and producers face potential credit line cuts.Money managers’ long position in West Texas Intermediate crude climbed by 6.1 percent in the week ended Sept. […]
China Debt Surge Echoes Japan Slowdown Pattern
(Bloomberg) China is on a path similar to the one that preceded Japan’s lost decade in the 1990s as the country’s debt level grows twice as fast as its economy, according to Jim Chanos, the hedge fund manager who predicted […]
Icahn to Yahoo Finance: It’s going to be a real ‘bloodbath’
(Yahoo Finance) Yahoo Finance has obtained a policy paper written by Carl Icahn on income inequality that the billionaire financier recently sent to Donald Trump and others on Wall Street and in Washington. In the paper, Icahn warns of “dangerous […]
Keep Your Eye on the Goal and Ignore the Media and Politicians
New York (HedgeCo.net) Over the course of the last nine months, the media and many politicians have been bashing hedge funds for one thing or another. Back in the first quarter there were a number of articles that bashed the […]
One Time Hedge Fund Darling Valeant Pharma Crushed
New York (HedgeCo.net) – Back in May, there was an article featured in the HedgeCoVest newsletter that looked at where hedge funds were moving their money in the first quarter and the name of Valeant Pharmaceuticals (NYSE: VRX) was the […]
This Hedge Fund Thrives by Sensing Danger
(Barron’s) Jeff Osher smiles at the suggestion that Cat Stevens’ early classic track “The First Cut Is the Deepest” might apply to him. Soon after Osher, now 38, started as an analyst following specialty-finance companies for Montgomery Securities, the Asian […]
Trump Says Hedge Fund Managers May Not Like His Tax Plan
(Bloomberg) Criticized by Republican presidential rivals as having a loose grip on policy, Donald Trump will lay out a tax plan on Monday that he said will increase the burden on hedge fund managers, cut rates for corporations and the […]
Asset managers slap health warnings on China funds in risk rethink
(Reuters) Fund managers are adding new warnings to China investment products in a bid to reduce their legal liability if regulators repeat the heavy-handed intervention in financial markets that rattled investors globally. Hedge funds, asset managers and exchange traded fund […]
Once a Hedge Fund Favorite, SunEdison Has a Long Climb Out of Its Current Hole
(Motley Fool) The rise and fall of SunEdison is one of the stranger stories in renewable energy recently. Formerly known as MEMC Electronic Materials , SunEdison jettisoned its floundering semiconductor business after the solar industry collapsed in 2012 and made […]