Monthly Archives: September 2019
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. […]
SEC Monitoring Impact of Hurricane Dorian on Capital Markets
(HedgeCo.Net) The SEC divisions and offices that oversee companies, accountants, investment advisers, mutual funds, brokerage firms, transfer agents, and other regulated entities and investment professionals will continue to closely track developments. They will evaluate the possibility of granting relief from […]
Family offices evolve to meet new demands
(Opalesque) The number of family offices has grown considerably over the past decade. According to Campden Wealth, family offices oversee assets valued at $5.9 trillion. Rubem Herzog, a Senior Wealth Manager, in the Strategic Wealth Management division at the Geneva […]
Gold gains as U.S., China kick off new round of tariffs
(Reuters) – Gold prices rose on Monday, as safe-haven demand surged after the United States and China launched fresh tit-for-tat tariffs on each others goods, escalating a prolonged trade war and adding to fears of a global economic slowdown. Washington […]
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 […]
Euro slides to 16-month lows on gloomy outlook; yuan weak
(Reuters) – The euro plunged to a 16-month low on Monday as the impact of Washington and Beijing’s trade war on the European economy dominated investor sentiment. To read this article:
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 Fund Investors in China Revolt Over Performance Fees
(Bloomberg) Criticism from an investor in a Chinese hedge fund has sparked controversy over a key source of income for the 2.3 trillion yuan ($322 billion) industry. An open letter by Michelle Wang to news portal Sina.com in July outlined […]
Activist Jana to Push Again for Changes at Outback Owner Bloomin’ Brands
(Reuters) Activist hedge fund Jana Partners on Friday disclosed a large new stake in Outback Steakhouse owner Bloomin’ Brands Inc , returning for the second time in nearly two years to push for fresh changes after reaching a settlement in […]
The SEC just yanked Elon Musk’s Twitter privilege
(New York Post) What’s worse than paying millions in fines to the feds? For Elon Musk, it may be the fact that he’s lost his Twitter privileges. To read this article:
Elon Musk & Tesla Agree To $40 Million In Penalties that Requires Tesla Chairman to Step Down
(HedgeCo.Net) The Securities and Exchange Commission has announced that Elon Musk, CEO and Chairman of Silicon Valley-based Tesla, Inc., has agreed to settle the securities fraud charge brought by the SEC against him last week. The SEC also today charged […]
Harbinger Hedge Fund Manager to Pay $30 Million in New York Tax Accord
(Reuters) An offshore hedge fund firm whose investing was led by money manager Philip Falcone will pay $30 million to resolve claims it knowingly evaded hundreds of millions of dollars of New York state and New York City taxes, officials […]