Monthly Archives: September 2018
How Emerging Market Turmoil Is Affecting Central Banks in Africa
(Bloomberg) Central banks around Africa — poised to reveal their first response to the emerging-market turmoil of the past month — are likely to usher in an end to the continent’s easing cycle. There’s a week to go before the […]
Hedge Funds Call Time on Investors’ Persistent Fee Squeeze
(Bloomberg) The fees that hedge funds charge are unlikely to get any cheaper as portfolio running costs rise, according to a PwC and Alternative Investment Management Association study. More than three-quarters of respondents in the survey of 140 asset managers […]
Traders Are Too Smart to Call This a Trade War
(Bloomberg) Stock traders responded to the latest round of tariffs imposed on China by the Trump administration and China’s swift retaliation by pushing up the MSCI All-Country World Index of equities for the sixth time in seven days. Complacency? More […]
NFA bars John Marc Schwaebe, orders Glenn Swanson to pay fine
(Opalesque) In two separate developments, the National Futures Association (NFA) barred John Marc Schwaebe, a former associated person, from membership for seven years and ordered Chicago, Ill. introducing broker Global Asset Advisors LLC and its principal Glenn Swanson to jointly […]
Michigan Registered Representative Charged with Misappropriating Brokerage Customer Funds
(HedgeCo.Net) The Securities and Exchange Commission charged a former registered representative with defrauding his brokerage customers – including many elderly retirees and unsophisticated investors – out of more than $2.7 million in a multi-year investment scam. According to the SEC’s […]
SeaWorld and Former CEO to Pay More Than $5 Million to Settle Fraud Charges Company, Two Former Executives Charged With Misleading Investors
(HedgeCo.Net) The Securities and Exchange Commission has announced that SeaWorld Entertainment Inc. and its former CEO have agreed to pay more than $5 million to settle fraud charges for misleading investors about the impact the documentary film Blackfish had on […]
Hedge fund returns YTD are weakest since 2011
(Hedgeweek) Hedge funds are up 0.45 per cent for the year, their weakest performance on record since 2011 when they declined 0.40 per cent in the eight months through to August, according to the September 2018 Eurekahedge Report. To read […]
Alternative UCITS funds slide further in August
(Hedgeweek) Close to 60 per cent of Alternative UCITS funds posted losses in August, pushing broad-based indices lower. The LuxHedge Global Alternative UCITS Index lost -0.41 per cent, bringing 2018 YTD to -1.43 per cent. To read this article:
Hedge fund shorts on Danske Bank hit 11-month high before money laundering report
(Reuters) – Short positions on Danske Bank shares hit an 11-month high on Monday, rising 46 percent from Friday, data from industry tracker FIS’ Astec Analytics showed. The rise to 1.9 million shares out on loan, from 1.3 million on […]
Billionaires Perry, Lasry Are Said to Back Westhus’s Hedge Fund
(Bloomberg) Todd Westhus, one of the top money managers from the now-shuttered Perry Capital, is getting backing from three former bosses for his new hedge fund. The firm, Olympic Peak Asset Management, has raised $300 million from anchor investors including […]
Zombie Hedge Fund Stakes Haunt Investors a Decade After Lehman
(Bloomberg) A struggling casino in Vietnam, a soybean-crushing operation in Brazil, a bunch of high-yield, high-risk loans. These are among investments that hedge fund managers — during the depths of the financial crisis — shoveled into what’s known as side-pockets. […]
Sectors are Shifting: The Impact of the New GICS Framework
(Harvest) A look at the upcoming changes to the GICS sectors, including the introduction of the Communications Services sector, and the implications for investors moving forward. To read this article: