Monthly Archives: September 2018
What happens after new S&P highs?
(The Technical Analyst) Investor apprehension following new stock market highs is often misguided and we should conquer our fear of heights, says Ari Wald, Technical Analyst at Oppenheimer.Looking at the S&P 500 since 1929, Wald points out that the S&P […]
Legg Mason Charged With Violating the FCPA
(HedgeCo.Net) The Securities and Exchange Commission has announced that Legg Mason Inc. will pay over $34 million to resolve an SEC charge that the company violated the Foreign Corrupt Practices Act (FCPA) in a scheme to bribe Libyan government officials. […]
Former Senior Executive At Silicon Valley Company Charged with Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has charged the former Chief Commercial Officer of Redwood City, Calif.-based Qualys, Inc., a cloud security and services company, with insider trading by tipping his brothers in advance of the company’s announcement of poor […]
Goldman’s Petershill takes minority stake in hedge fund LMR:
(Reuters) – A private equity fund run by Goldman Sachs Asset Management (GSAM) has bought a minority stake in multi-strategy hedge fund firm LMR Partners, one source familiar with the matter said on Monday. The GSAM fund bought a stake […]
Hedge Funds That Shorted Carillion Now Circle Rival Kier
(Bloomberg) Some of the same hedge funds that took aim at Carillion Plc, the U.K. construction company that collapsed earlier this year, are now targeting one of its peers. Bearish wagers against Kier Group Plc surged to a four-year high, […]
Turkish Central Bank Pledges Policy Action to Stem Inflation
(Bloomberg) Turkey’s central bank signaled higher interest rates are in the offing after inflation rose more than forecast in August and producer prices surged. The lira briefly erased losses after the announcement. “The monetary stance will be adjusted at the […]
3Q’18 Investment Outlook: Growth Scare Offers Opportunity
(Harvest) We started the year bullish on global growth, commodities, and emerging markets , and despite challenges in the second quarter, we maintain this view. We think events in Q2 were mainly a growth scare. Concerns about a slowdown in […]
JPMorgan is Liquidating $1 Billion Credit Hedge Fund Led by Fahad Roumani
(Bloomberg) JPMorgan Asset Management is liquidating a $1 billion credit hedge fund led by Fahad Roumani after abandoning a plan to spin it off, according to a letter to investors seen by Bloomberg News. The Palm Lane Credit Opportunities Fund, […]
Hedge Funds’ Shift to Health Care May Be a Hedge Too Far
(Bloomberg) It’s not quite the big short, but the latest outsized bet by hedge funds suggests the highly paid managers are worried that the economy’s good health may falter soon. Hedge funds, which until recently have been overweight technology stocks, […]
BlackRock Voted to Replace Tesla’s Musk With Independent Chairman
(Reuters) BlackRock-managed funds voted for a measure requiring the chairman be an independent director, according to BlackRock’s filing with the U.S. Securities and Exchange Commission on Thursday. The proposal, which was defeated, would not have affected Musk’s standing as Tesla’s […]
California Wants to Mandate a Woman On Every Company Board
(CNN) California just took a crucial step toward increasing the number of women on corporate boards. State legislators passed a bill Wednesday that would require publicly-traded companies headquartered in California to place at least one woman on their board by […]
U.S. Hedge Fund King Street Seeks Board Shake-Up at Toshiba
(Reuters) U.S. hedge fund King Street Capital Management LP has proposed new independent directors at Japan’s Toshiba Corp (6502.T), the Wall Street Journal reported on Friday, citing people familiar with the matter. To read this article: