Monthly Archives: September 2018
Hedge Fund Performance Remains Muted as Emerging Market Mandate Languishes Under Trade Concerns
(Hedgeweek) The asset-weighted Mizuho-Eurekahedge Index – USD was down 0.41 per cent in August, underperforming the equal-weighted Eurekahedge Hedge Fund Index which declined 0.05 per cent throughout the month. Nearly half of the fund managers overseeing assets in excess of […]
Trader Who Ripped Off His Mom, Friends Gets 8 Years
(Bloomberg) A former Morgan Stanley trader who ran a phony hedge fund from his rented home in the wealthy New York suburb of Pound Ridge, ripping off friends and even his mother, was sentenced to eight years in prison for […]
Litt Says Mack-Cali May Have Turned Away Unidentified Suitor
(Bloomberg)Activist investor Jonathan Litt says his hedge fund learned that a potential buyer was interested in making a fully financed bid for Mack-Cali Realty Corp. In a letter to the real estate investment trust’s board, Litt, the founder of Land […]
Goldman, Banks Accused of Stock Lending Antitrust Plot Must Face Suit
(Bloomberg) Major banks including Goldman Sachs Group Inc., Bank of America Corp., Credit Suisse Group AG and JPMorgan Chase & Co. must face allegations that they conspired to prevent the “antiquated” stock loan market from evolving into a transparent electronic […]
Fed Raises Rates in Highly Anticipated Move
(Capital Trading Group) Considering the FED’s efforts are essentially being offset by continued negative global interest rates, and continued asset purchases via the PBOC, BOJ and ECB, we wonder just exactly what the ultimate outcome will eventually be. Another and […]
In Q2, Hedge Fund See First Quartlerly Outflows Since 2016
(Valuewalk) In Q2 2018, hedge funds recorded their first quarterly outflows since Q4 2016. Despite investors withdrawing $1.2bn in capital in Q2 2018, performance has driven hedge fund industry AUM to a record high of $3.61tn as at June 2018 […]
Elon Musk Charged with Securities Fraud for Misleading Tweets
(HedgeCo.Net) The Securities and Exchange Commission has charged Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., with securities fraud for a series of false and misleading tweets about a potential transaction to take Tesla private. On August 7, […]
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, […]
CEO’s Plan to Save Sears Would Hand His Hedge Fund $1 Billion
(Bloomberg) Eddie Lampert’s hedge fund has a new plan for cutting Sears debt. The main beneficiary would once again be Eddie Lampert’s hedge fund. Lampert, Sears Holdings Corp.’s chief executive officer, called this week for the underperforming retailer to stanch […]
Prime brokerage perspectives 2018
(Hedgeweek) This report examines how intense trading-focused relationships between prime brokers and hedge funds are evolving into sophisticated, deep data models driven by technology as prime brokers strive to compete and make themselves indispensable to clients. To read this article:
U.K. Flooded by Foreign Activist Investors Undeterred by Brexit
(Bloomberg) A weaker pound and rally in U.S. markets have prompted activist investors including billionaire Paul Singer’s Elliott Management Corp. to increasingly target U.K. companies, outstripping the number of public campaigns by locally based funds. Sixty percent of the Britain-based […]
Hedge Fund Fees Hindering Investment by Pension Schemes
(Hedgeweek) High management fees are a key hindrance preventing pension schemes from investing in hedge funds, followed closely by a lack of transparency regarding additional costs, according to the latest survey by AMX. The research by AMX, an open architecture […]