Monthly Archives: September 2019
Hedge Fund Scopia Promotes Cherney to IR Head after Fionda Leaves
(Reuters) Scopia Capital last week promoted Joshua Cherney to head the hedge fund’s business development and investor relations group after Quinn Fionda, who had been with the firm for nearly 11 years, left, a source familiar with the moves said […]
Investment Adviser Charged With Defrauding Its Advisory Clients
(HedgeCo.Net) The Securities and Exchange Commission today charged Cetera Advisors, LLC, a registered investment adviser and broker-dealer based in Denver, Colorado, with breaching its fiduciary duty and defrauding its retail advisory clients by, among other things, failing to disclose conflicts […]
Lacklustre reviews leave fund managers in the dark over broker performance
(Hedgeweek) Fund managers may be unaware as to exactly where and how much money is being spent with brokers due to a failure to fully review all their relationships qualitatively and quantitatively. To read this article:
Natural resources asset class performance disappoints
(Opalesque) Many investors are dissatisfied with the performance of the natural resources asset class in recent months and, for the second consecutive year, the proportion looking to invest more capital in the asset class over the next 12 months has […]
Merger Arbitrage strategy looks attractive, given strong diversification patterns
(Opalesque) M&A patterns are showing healthy dynamics and a healthy number of hostile deals (usually riskier but more profitable) tend to concentrate on smaller targets, said Lyxor in its weekly brief. Jumbo deals are increasingly funded by stock and cash […]
Hedge fund Scopia promotes Cherney to IR head after Fionda leaves
(Reuters) – Scopia Capital last week promoted Joshua Cherney to head the hedge fund’s business development and investor relations group after Quinn Fionda, who had been with the firm for nearly 11 years, left, a source familiar with the moves […]
Hedge funds cautious on oil, wait for economy
(Reuters) – Hedge funds are becoming slightly more pessimistic about the outlook for oil and the economy, though position changes remain small owing to the holiday season in North America and Europe. Hedge funds and other money managers were small […]
Hedge fund-backed reinsurance duo poised for performance uptick:
(Reuters) – Two reinsurance firms backed by prominent hedge funds are considered good investments as their share price performance has yet to benefit from the sector’s improved pricing outlook, according to Barron’s. Both Greenlight Capital Re and Third Point Reinsurance, […]
Hedge Funds Hire in Distressed Debt to Bet on European Defaults
(Bloomberg) Hedge funds and private-equity firms are signing up European distressed-debt experts at the fastest pace in at least five years as slowing growth drives up corporate defaults in the region. Investment firms hired 29 new analysts, traders and money […]
OPIM to Launch Button Growth Fund
(Opalesque) OP Investment Management (OPIM), Asia’s leading emerging hedge fund platform, is partnering with Hong Kong-based Button Investment Management to launch Button Growth Fund, a long/short equity hedge fund that primarily invests in U.S., Hong Kong, and mainland China markets. […]
Hedge Fund Investors See Equity Markets at Peak But Keep Redeeming
(Opalesque) In the week ending August 30th 2019, a report revealed that almost three quarters (74 percent) of investors in alternatives believe equity markets are at a peak – up from 61 percent at the end of 2018. It is […]
SEC Charges Live Well Financial and Its CEO… In Alleged Fraudulent Mismarking Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged Live Well Financial, Inc. and its CEO, Michael Hild, both of Richmond, Va., with perpetuating a multi-million dollar bond mismarking scheme against Live Well’s short-term lenders. The complaint also charges Live Well’s […]