Monthly Archives: September 2019
Saudi oil attacks leave hedge funds unmoved despite battle of the bots:
(Reuters) – Hedge fund managers remain cautious about the outlook for oil prices despite a short-term surge following the recent attacks on Saudi Arabia’s oil installations. To read this article:
Point72 Used Big Data to Short Weight Watchers, Dave & Buster’s
(Bloomberg) Big data gave Point72 Asset Management a fresh view into Dave & Buster’s Entertainment Inc. — and a reason to short the chain. Combing through geo-location data linked to anonymous credit card information, the hedge fund discovered that when […]
SEC Adopts New Rules and Amendments under Title VII of Dodd-Frank
(HedgeCo.Net) The Securities and Exchange Commission has announced that it took a significant step toward establishing the regulatory regime for security-based swap dealers by adopting a package of rules and rule amendments under Title VII of the Dodd-Frank Wall Street […]
Even if the Fed cuts rates to zero, market bear predicts a recession is less than 12 months away
(CNBC) Despite the Federal Reserve’s latest efforts to boost the economy, long-time market bear David Rosenberg warns a recession is coming. The Gluskin Sheff chief economist and strategist predicts economic growth in the U.S. will turn negative sooner than most […]
New record high for Jersey’s funds sector as private equity soars
(Hedgeweek) The value of regulated funds serviced in Jersey rose by 7 per cent to a new record high in the first half of 2019, according to the latest figures to be collated by the jurisdiction’s financial regulator the Jersey […]
Genesis acquires quantitative trading and research firm Qu Capital
(Hedgeweek) Genesis, a specialist in digital currency trading and lending, has acquired the assets of Qu Capital, a New York-based quantitative investment and research firm. To read this article:
Almost 39 per cent of hedge fund managers willing to negotiate management fees, says report
(Hedgeweek) Many hedge fund managers are willing to negotiate lower management fees with investors, but far fewer are willing to budge on performance fees, according to a new report from eVestment. To read this article:
Hedge fund Elliott could raise $5 billion in new funding:
(Reuters) – U.S. hedge fund Elliott Management Corp could raise $5 billion in a new funding round, the Financial Times reported, to build a warchest for cheaper assets as it prepares for an expected market downturn. To read this article:
Leon Cooperman Says Trump Is Doing Damage by Criticizing Fed
(Bloomberg) Legendary hedge fund manager Leon Cooperman criticized President Donald Trump for attacking the Federal Reserve, adding that negative interest rates are destructive to the economy. “I think the president is doing a lot of damage with all this assault […]
Trian and P&G Highlight Activist-Corporate Collaboration After ‘Fog of War’
‘ (Reuters) Eighteen months after officially burying the hatchet in one of America’s most bitter proxy contests, Procter & Gamble Co (PG.N) CEO David Taylor and billionaire investor Nelson Peltz proclaimed their mutual respect on Thursday, underscoring how activists and […]
What you need to know about ILPA Principles 3.0
(Opalesque) The Institutional Limited Partners Association (ILPA) recently released the latest version of its principles, ILPA Principles 3.0. The updated principles provide a detailed selection of best practices for participants in the private funds industry, and are informed generally by […]
CFTC Charges Trader and his Company with $7 Million Fraud
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has announced the filing of a civil enforcement action in the U.S. District Court for the Eastern District of Virginia charging Tate Street Trading, Inc. of Richmond, Va. and Leonard J. Cipolla of […]