Monthly Archives: September 2017
Adviser Charged With Stealing Investor Funds
(HedgeCo.Net) The Securities and Exchange Commission has charged a New Jersey-based tax preparer and investment adviser with stealing more than $1 million from clients to support his gambling habit and other personal expenditures. The SEC alleges that Scott Newsholme of […]
Emerging Market Debt Trading Falls in Q2 for First Time Since 2015
(Reuters) Trading volume for emerging market debt fell in the second quarter of 2017 to $1.132 trillion, a survey released on Tuesday showed, a 14 percent decrease from the first quarter and 17 percent lower than in the April-June period […]
Stumbling Isn’t Humbling for This Hedge-Fund Guy
(Bloomberg) In our last episode of “Mick McGuire: Activist Investor,” our hero was flying high. It was early June, and the young hedge-fund manager, who earlier in his career had played Robin to Bill Ackman’s Batman, 1 had made a […]
Harvard Endowment Posts Gains, New Investment Chief Not Satisfied
(Reuters) Harvard University, which has been retooling the way it invests its $37.1 billion endowment, reported an investment gain on Tuesday but its investment chief called it “disappointing” and said it will take time to improve results. The Ivy League […]
Hedge Fund Elliott Says Has Strategic Goals for Stada
(Reuters) Elliott, the activist hedge fund founded by Paul Singer, has strategic goals for German generic drugmaker Stada (STAGn.DE) but will not press for boardroom changes, Stada said. “The prevalent aim of the investment is implementing strategic objectives where the […]
Hedge Fund Giant Citadel is Building Out a New Unit With Big Hires
(The Business Insider) Hedge fund giant Citadel has hired three staffers in its build out a fresh investment unit. To read this article:
Goldman Has a Plan for Its Misfiring Bond Business
(The Business Insider) Goldman Sachs has a plan. The US investment bank, which has been under pressure over its misfiring bond trading business, on Tuesday set out a strategy to generate an additional $1 billion plus in fixed income, currencies […]
A Mysterious Hedge Fund Just Scooped Up the Foreclosed Medallions From New York City’s ‘Taxi King’
(The Business Insider) A fleet of Evgeny “Gene” Freidman’s foreclosed taxi medallions sold on Monday in a closed-door auction taking place in a Queens, New York hotel….The individual bidders behind buyer MGPE Inc. are not identified in court filings but […]
Hedge Fund Manager Shuts Firm to Explore Run for Connecticut Governor
(CNBC) David Stemerman is winding down his hedge fund firm to explore a run for governor of Connecticut, according to a letter sent to clients of Conatus Capital Management LP on Tuesday. “Connecticut – home to my family and business […]
Are Diversifying Assets Up Next in the Return?Seeking Cycle?
(Harvest) Since the lows of the global financial crisis in March 2009, U.S. stocks (proxied by the S&P 500) have returned 270%, or 16.8% annualized, outpacing every other major market over that period. Contributing to that outperformance were highly differentiated […]
Lone Pine’s Mandel to Step Back From Fund Management in 2019
(Bloomberg) Stephen Mandel, who started Lone Pine Capital two decades ago and boasts one of the best long-term track records in the hedge fund industry, is stepping back from day-to-day portfolio management in January 2019. Mandel, 61, told investors in […]
Palmer Square Capital Management Closes Sixth CLO of 2017
(FINalternatives) Structured credit specialist Palmer Square Capital Management has closed its sixth collateralized loan obligation of the year, bringing the company’s 2017 tally to nearly $1 billion across four static CLOs and $2.5 billion issued across five managed CLOs. To […]