Monthly Archives: September 2019
82% of surveyed hedge funds use alternative data, but not without concerns
(Opalesque) Over 80% of surveyed hedge funds are using alternative data for detailed industry analyses, though data cost and quality issues remain, said a study. According to Lowenstein Sandler’s hedge fund industry survey, 82% of hedge funds are already using […]
Merrill Lynch Ordered to Pay $300,000 Penalty for Failing to Promptly Produce Audit Trail Data
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has issued an order filing and settling charges against Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill Lynch), a registered futures commission merchant, for failing to promptly produce to the CFTC certain required […]
Macro hedge funds surge in August as global equities decline
(Opalesque) Macro hedge funds surged in August while the broader industry posted mixed performance as equity markets declined while the global supply of negative-yielding bonds swelled to over $16 trillion, with gains led by both fundamental and quantitative Macro strategies. […]
Hedge Fund Man Group president Jonathan Sorrell steps down
(Reuters) – British hedge fund manager Man Group’s (EMG.L) president Jonathan Sorrell will stand down with immediate effect, the company said on Wednesday. Sorrell is taking on a new role outside the firm, the world’s largest listed hedge fund said […]
Blackstone promotes private equity COO Vik Sawhney to new global IR role
(Opalesque) Private equity giant Blackstone has promoted Vik Sawhney, the chief operating officer of its PE business, as its first chief administrative officer (CAO), and the global head of its investor relations and business development arm, a newly created role. […]
Paulson’s hedge fund calls on Callon to drop merger, sell itself
(Reuters) – Billionaire investor John Paulson’s hedge fund on Monday urged Callon Petroleum Co (CPE.N) to drop its proposed $3.2 billion acquisition of Carrizo Oil & Gas Inc (CRZO.O), and instead consider selling itself. Paulson & Co funds, which hold […]
Emerging market debt specialist Philip Meier joins Gramercy
(Opalesque) Philip Meier has joined Gramercy Funds Management’s London office as managing director and emerging markets debt portfolio manager. Gramercy, founded in 1998, is an emerging markets investment manager based in Greenwich, CT with offices in London and Buenos Aires. […]
Volcker the Man Blasts Volcker the Rule in Letter to Fed Chair
(Bloomberg) The recent revision of Volcker Rule limits on banks’ ability to speculate with their own capital has cost regulators a meaningful supporter: Paul Volcker. The former Federal Reserve chairman, who championed the restrictions while serving as an adviser to […]
Paulson’s hedge fund calls on Callon to drop merger, sell itself
(Reuters) – Billionaire investor John Paulson’s hedge fund on Monday urged Callon Petroleum Co (CPE.N) to drop its proposed $3.2 billion acquisition of Carrizo Oil & Gas Inc (CRZO.O), and instead consider selling itself. Paulson & Co funds, which hold […]
Elliott Management calls for AT&T shake-up as Trump piles on
(Reuters) – Activist investor Elliott Management Corp on Monday unveiled a $3.2 billion stake in AT&T Inc (T.N) and urged the sprawling U.S. telecommunications and media conglomerate to end its acquisition spree and focus on improving its business. To read […]
Hedge funds sell oil as global economy deteriorates
(Reuters) – Hedge funds are becoming more pessimistic about the outlook for oil prices as trade tensions between the United States and China remain unresolved and global economic growth grinds to a halt. To read this article:
AT&T Shares Rally after Activist Elliott Management Takes $3.2 Billion Stake, Sees Stock Worth $60
(CNBC) AT&T rallied Monday after Paul Singer’s Elliott Management announced it owns $3.2 billion in the underperforming telecom giant’s stock and said in a letter that it hopes to help the company trim unneeded assets. The hedge fund said it […]