Monthly Archives: November 2017
Hedge Funds Demand Chinese Buyers Pay More in M&A Deals
(Bloomberg) For years, Chinese executives pulled off multibillion-dollar buyouts of their public companies with little pushback from investors. Now, they are facing a backlash from hedge funds demanding better payouts. One pioneer has been Maso Capital, which has disputed the […]
Hurricane Changes The Game For Puerto Rico Bond Investors
(Reuters) The impact of Hurricane Maria on Puerto Rico’s already shattered finances is changing the financial landscape as creditors rethink strategies two months after the storm, with many slashing positions and others settling in for a long wait. Some investors […]
Indonesia Court Rules Against Goldman In Hanson Share Ownership Dispute
(Reuters) An Indonesian court ruled on Tuesday that Goldman Sachs (GS.N) should return shares in property developer PT Hanson International Tbk (MYRX.JK) to tycoon Benny Tjokrosaputro in a legal tussle over ownership. Judge Achmad Guntur also ordered Goldman to pay […]
Soros Sons to Back New Hedge Fund From Ex-Soros Manager
(Bloomberg) Santiago Jariton, a former money manager at George Soros’s family office, is planning to start a hedge fund focused on stock bets in Latin America with anchor investments from two of the billionaire’s sons….Jariton, 37, who oversaw Latin America […]
Mike Novogratz Says Bitcoin Will End the Year at $10,000
(Bloomberg) Hedge fund manager Mike Novogratz, who is starting a $500 million fund to invest in cryptocurrencies, says the bitcoin rally still has some serious legs. After surging more than sevenfold since December, the largest and most widely known digital […]
First Trust ETF Follows Quant Funds by Betting Big on Tech
(Bloomberg) Quantitative hedge funds that bet winners will keep winning just had their best month in more than a year buying technology stocks. Now, it’s exchange-traded funds’ turn. The First Trust Dorsey Wright Focus 5 ETF, which uses a computer […]
Wall Street Consensus: 2018 Will Make Us Rich And Move Us Ever Closer To The Apocalypse
(Dealbreaker) This is the time of year when everyone gets together and pens 100-page tomes, chock-full of recos that, while based on a set of ostensibly reasonable assumptions and models, will almost invariably fail to play out. One thing everybody […]
Brexit-Hit Banks to Start Moving Staff Abroad in Early 2018
(Bloomberg) Barring some major breakthrough, global banks will implement their relocation plans early next year to guarantee they’re able to have new offices inside the European Union running by the time the U.K. exits… There’s little Prime Minister Theresa May […]
A $3.4bn Hedge Fund That’s Been Sounding The Alarm About ‘Frothy Speculation,’ Is Suffering Big Losses
(The Business Insider) Tourbillon Capital, a $3.4 billion hedge fund firm led by Jason Karp, is suffering.The firm’s flagship Global Master fund is down 3.5% for the first 17 days of November, bringing performance for the year to November 17 […]
Chinese Hedge Funds Drive Emerging Markets Assets To Record
(Opalesque) Hedge fund capital invested in Emerging Markets (EM) rose to a record to begin 4Q17 with the primary contribution coming from the industry-leading performance of Chinese hedge funds. Total EM hedge fund capital increased to $223 billion (1.48 trillion […]
Paid to Click Scams Allegedly raise more than $38 million from 150,000 investors
(HedgeCo.Net) The Securities and Exchange Commission is warning investors to beware online “paid-to-click” scams that promise an easy payday by merely purchasing a membership or an advertising product up front and then clicking on a certain number of online ads […]
Wealth Managers Are Being Inundated With Calls About Bitcoin
(Bloomberg) At 74, Cumberland Advisors’ David Kotok has guided wealthy clients through a long career’s worth of bubbles and crashes. Now he’s being inundated with questions about the latest soaring asset to confound investors — bitcoin. To read this article: