Monthly Archives: October 2018
Atlanta-Based Individual and His Company Charged With Defrauding Investors In Scams
(HedgeCo.Net) Russell Craig and his company, OneStep Financial Services, LLC has been charged with violating the anti-fraud provisions of the federal securities laws by promising investors profits in return for depositing funds into escrow for the purchase or development of […]
Emerging market stocks’ descent to 17 month lows entices U.S. investors
(Reuters) – The steep decline in emerging market stocks since early this year are attracting some U.S. fund managers who think they may find long-term bargains amid the sell-off. To read this article:
Opalesque Exclusive: Shaked Capital offers a fresh take on fund of funds
(Opalesque) New York for New Managers: Investing in emerging managers can be difficult. Typically, these funds have a limited track record and their small size can make them a tough sell for investors with big tickets. Miami-based Shaked Capital is […]
Court Enters $64 Million Judgment Against Investment Professional
(HedgeCo.Net) A federal district court in Connecticut has ordered a Greenwich, Connecticut investment professional charged by the Securities and Exchange Commission with fraudulently diverting tens of millions of dollars from the venture capital funds he advised, to pay over $64 […]
Virtual currencies are commodities, says Federal Court
(Hedgeweek) The US District Court for the District of Massachusetts has ruled that the Commodity Futures Trading Commission (CFTC) has the power to prosecute fraud involving virtual currency. James McDonald, CFTC Director of Enforcement, says: “This is an important ruling […]
The Tinder for Markets Is Run on Crypto
(Bloomberg) Richard Craib built his quant-driven hedge fund Numerai on the idea that if one data scientist is good, 40,000 are better. Now he’s inviting competing funds to draw from the same pool of brains for hire. To read this […]
Alliant Joins Everest Re to Help Hedge Funds With Cyber Security
(Bloomberg) Hedge funds can spend years crafting a trading algorithm or a strategy to keep ahead of competitors. A Stone Point Capital-backed insurance broker is offering to help protect those trade secrets, and their fees, from a cyber attack. Alliant […]
Muddy Waters Shorts Manulife on Risks in Hedge Fund Trial
(Bloomberg) Muddy Waters has found its latest target: Canadian insurer Manulife Financial Corp. Short seller Carson Block, who runs Muddy Waters, announced a short position in the firm Thursday, and said its life-insurance subsidiary just concluded a trial with a […]
Hedge Funds Cheer Tencent Stake in Chinese Video Streamer
(Bloomberg) Bilibili Inc. is earning its moniker as one of the more promising technology stocks to go public out of China this year, and hedge funds are cheering Wednesday’s rally. The Shanghai-based video streaming service’s ADRs rose the most in […]
Hedge fund Olympic Peak plans to short AT&T bonds
(Reuters) – U.S. hedge fund Olympic Peak Management’s founding partner said on Wednesday he planned to short AT&T’s debt when the fund launches in January, citing increasing competition and high leverage that may ultimately lead to a credit ratings downgrade. […]
Activist Hedge Fund Sees ‘Real Potential Upside’ in Papa John’s
(Bloomberg) While others are running for the door, Legion Partners Asset Management LLC sees an opportunity at scandal-plagued Papa John’s International Inc. To read this article:
Franklin Templeton Investments Appoints Shane Clifford as Senior Managing Director, Alternative Strategies
(Opalesque) Franklin Templeton Investments announced the appointment of Shane Clifford as senior managing director, Alternative Strategies. In this new role, Clifford will focus on the global growth strategy and business development for Franklin Templeton’s Alternatives business. Clifford will report to […]
