Monthly Archives: September 2018
Liquid Alternatives: Alternative Enough?
(Harvest) Liquid alternatives offer hedge fund strategies in mutual fund format The correlations to the S&P 500 have been high, even of market neutral funds. Diversification benefits have therefore been limited. Liquid alternatives have been heralded as hedge funds for […]
Meson Capital Q2 letter
(Harvest) On the capital allocation side, our efforts have been around our concentrated long positions where we had a great quarter. We achieved liquidity on our InfuSystem position just following the end of the quarter at an attractive price. Our […]
Halcyon Capital Management brings on Philip Raciti as head of U.S. performing credit
(Opalesque) Halcyon Capital Management LP today announced the appointment of Philip Raciti as Head of U.S. Performing Credit and Portfolio Manager. Mr. Raciti will be based in New York and will report to Jason Dillow, Halcyon’s Chief Investment Officer and […]
Broker-Dealer To Pay $1 Million To Settle Charges Related to Deficient Cybersecurity Procedures
(HedgeCo.Net) A Des Moines-based broker-dealer and investment adviser has agreed to pay $1 million to settle charges related to its failures in cybersecurity policies and procedures surrounding a cyber intrusion that compromised personal information of thousands of customers. Voya Financial […]
Private Equity Helps Drive College Endowment Returns
(Bloomberg)Private equity helped drive annual performance for top performing U.S. college endowments. Michigan State University posted an 11.1 percent investment gain. To read this article:
Elliott to Inject 120 Million Euros into AC Milan to Reimburse Bonds
(Reuters) U.S. hedge fund Elliott Management will inject 120 million euros ($141 million) into the coffers of Italian soccer club AC Milan to reimburse two bonds, a source said on Tuesday.The payment will essentially cancel the club’s financial debt and […]
Get Into Emerging Markets, Credit Suisse Prime Broker Says
(Bloomberg) Hedge fund managers should shrug off the recent turmoil in emerging markets because they’ll offer better returns than the U.S. in coming years, according to Credit Suisse Group AG’s head of risk advisory. Returns in North America are being […]
Goldman is Fighting a New Abacus Battle With an Angry Hedge Fund
(Bloomberg) Goldman Sachs might have a problem called Abacus. Again. Financial types will recall that in the wake of the 2008 crisis, a synthetic CDO by the name of Abacus became a poster-child of irresponsible Wall Street behavior. Regulators ended […]
Eddie Lampert Has Some New Ideas To Prolong Sears’ Suffering
(Dealbreaker) Sears has taken yet another turn for the worse, you guys. Its vitals are plummeting. Even the course of treatment recommended last month won’t do the trick,. To read this article:
No Other Crypto Hedge Fund Is Doing Volatility Trading
(Opalesque)According to fund manager Brian Koralewski, his is the only digital asset fund that does volatility trading. Austere Fund, a volatility arbitrage hedge fund that invests in digital assets started trading in mid-June this year. It is managed out of […]
Point72 said goodbye to the chief data scientist it hired from J.P. Morgan
(eFinancial) Another ex-J.P. Morgan artificial intelligence professional has left the role he took after leaving the bank: David Loaiza is no longer the chief data scientist at Point72. To read this article:
Trader Charged with Giving Cash Kickbacks to Broker for IPO Access
(HedgeCo.Net) Stock trader Adam Rentzer has been charged for illegally paying undisclosed cash kickbacks to his broker in exchange for receiving preferential access to lucrative IPOs, allowing Rentzer to reap greater profits in secondary market trading. The SEC alleges that […]