Monthly Archives: September 2017
Hedge Fund Paulson & Co Calls for Joint Shareholder Action vs Gold Miners
(Nasdaq) New York-based Paulson & Co, led by longtime gold bull John Paulson, called on Tuesday for the world’s biggest investors in gold-mining stocks to form a coalition to tackle miners’ “dreadful” performance as it launched a blistering attack on […]
Louis Dreyfus’s $1.4bn Commodity Hedge Fund to Shut
(Bloomberg) The hedge fund run by Louis Dreyfus Holding BV will close by the end of 2017, joining a wave of commodity-investment vehicles that have shut in recent years. All funds and investments run by Edesia Asset Management BV will […]
Invesco May Buy Guggenheim Partners’ ETF Business in Deal Topping $1bn
(CNBC) U.S. money manager Invesco may announce a deal to purchase Guggenheim Partners’ exchange-traded fund business on Thursday, the Financial Times reported on Wednesday, citing two people familiar with the matter. To read this article:
Man Group Promotes Turner to CEO of FRM Unit
(FINalternatives) Global hedge fund manager Man Group has promoted Michael Turner to the position of chief executive officer of the company’s Man FRM hedge fund investment unit. Turner was previously chief operating officer of Man FRM, one of five units […]
Ex-HSBC Trader Charges Are ‘a Government Mistake’
(HITC Business) Fraud charges against a former HSBC foreign-exchange trader are “a governmental mistake,” his lawyer said, calling his actions “consistent with standard practice” in the currency market. Bloomberg News reports that U.S. prosecutors claim the trader used his “expert” […]
This Startup Is Luring Top Talent With $3m Pay Packages
(Bloomberg) China may have a reputation for low wages and sprawling factories. But in a sign of changing times, one startup founder has embraced a strategy of paying top employees the highest salaries in the market — and so far […]
Former Management Team of Sprott Asset Management Launches Ninepoint Partners Lp
(Opalesque) Effective today, SPR & Co LP, the company created to assume portfolio management of the Canadian diversified asset business of Sprott Asset Management LP, has been re-named Ninepoint Partners LP. The rebranding completes the transition initiated with the August […]
SS&C GlobeOp Forward Redemption Indicator: September Notifications 3.72%
(Opalesque) The SS&C GlobeOp Forward Redemption Indicator for September 2017 measured 3.72%, up from 3.55% in August. “SS&C’s Forward Redemption Indicator for September 2017 fell to 3.72% as compared to the 4.22% reported for the same period a year ago […]
Rise of Crisis Risk Offset Portfolios
(Harvest) There’s a slew of new terminology popping up in papers and on the alternative investment conference circuit of late around portfolios which engage strategy types designed to perform well in a crisis. Of course, this has been the main […]
Pharmaceutical Company Paying Penalty for Misleading Investors About Sales Metric
(HedgeCo.Net) Aegerion Pharmaceuticals, now a subsidiary of Novelion Therapeutics, has agreed to pay a $4.1 million penalty to settle the charges that it misled investors on multiple occasions in 2013. The SEC’s complaint alleges that Aegerion told investors that the […]
Technology Billionaires Lose $16bn After Today’s Selloff
(Bloomberg) Technology tycoons lost $15.5 billion from their fortunes on Monday as a sell-off of the sector’s most valuable companies intensified. Facebook Inc.’s Mark Zuckerberg saw the biggest drop in net worth of $3.2 billion, followed by a $1.3 billion […]
A $2,700 Donation by a BlackRock Exec Could Cost the Firm $37m
(CNBC) Blackrock may be prohibited from collecting some state government fees because an executive made a donation to a presidential candidate last year, according to Reuters. Mark Wiedman, a BlackRock senior managing director, donated $2,700 to the presidential campaign of […]