Monthly Archives: September 2019
Comscore Inc. and Former CEO Charged with Accounting and Disclosure Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged global information and media analytics firm, Comscore, Inc., and its former CEO with engaging in a fraudulent scheme to overstate revenue by approximately $50 million and making false and misleading statements about […]
CTA/managed futures hedge funds rebound in August with strong performance driven gains
(Hedgeweek) Hedge fund managers ended August 2019 down 0.35 per cent on an equal-weighted basis, and 0.54 per cent on an asset-weighted basis, according to data released by Eurekhedge. To read this article:
Robeco launches sustainable enhanced index fund
(Hedgeweek) Robeco has launched the Robeco QI Emerging Markets Sustainable Enhanced Index Equities with a strategy that aims for a 20 per cent higher score on Environmental, Social and Governance (ESG) criteria than the benchmark (MSCI Emerging Markets Index). To […]
SmartStream launches instant reconciliations using AI and machine learning
(Hedgeweek) SmartStream Technologies, the financial Transaction Lifecycle Management solutions provider, has launched SmartStream Air, a new approach for reconciliations that allows business users to reconcile complex sets of data in seconds. To read this article:
New Lyxor alternative UCITS fund provides access to Bridgewater Associates strategies
(Hedgeweek) Lyxor Asset Management Group (Lyxor) has launched a new alternative UCITS fund, the Lyxor/Bridgewater Core Global Macro Fund, which gives investors access to Bridgewater Associates’ strategies. To read this article:
China approves Two Sigma as a private fund manager
(Opalesque) Two Sigma China, the wholly-foreign owned enterprise (WFOE) of Two Sigma, recently received private fund management (PFM) license, said the Asset Management Association of China (AMAC). The New York-based hedge fund now has six months to launch an onshore […]
Large and broad reversals are the main CTAs’ enemies, says Lyxor
(Opalesque) Timing CTAs is notoriously challenging. Monitoring their exposures provides a useful picture but has rarely been a reliable allocation method. According to Lyxor, they enjoyed an impressive rally this year, mainly supported by their long bond positions, which fueled […]
SS&C GlobeOp Forward Redemption Indicator for September 2019 up 3.67%
(Opalesque) “SS&C GlobeOp’s Forward Redemption Indicator for September 2019 was 3.67%, in line with historical averages. Though up slightly from the 3.35% reported a year ago, these results continue a stable trend-line for hedge fund asset retention,” said Bill Stone, […]
Cluster of hedge funds set to profit from Thomas Cook failure
(Reuters) – The collapse of travel operator Thomas Cook TCG.L is set to result in a bumper pay day for a clutch of hedge funds who bet the company’s share price would fall. To read this article:
CFTC Charges Former Head of International Binary Options Scheme with $10 Million Fraud
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has filed a civil enforcement action in the U.S. District Court for the Northern District of Ohio, charging Jared J. Davis of Ohio with fraud relating to a global binary options business he […]
TMC Bonds Charged With Failing to Protect Confidential Subscriber Information
(HedgeCo.Net) The Securities and Exchange Commission today announced that TMC Bonds LLC, operator of an alternative trading system (ATS) for fixed income securities, has agreed to pay $2.1 million to settle charges arising from TMC Bonds’ failure to protect confidential […]
Redemptions from hedge funds continue in August, but less widespread
(Opalesque) Investors redeemed an estimated $6.51 billion from the global hedge funds business in August 2019, bringing year-to-date (YTD) flows to a negative $63.61 billion, according to the August 2019 eVestment Hedge Fund Asset Flows Report. Performance also reduced assets […]