Monthly Archives: November 2017
Potential Growth Opportunities in Healthcare
(Harvest) Healthcare legislative headlines have shifted the focus from fundamentals to politics. However, we believe the fundamentals are likely to outlast short-term legislative uncertainties. Healthcare valuations currently look relatively cheap while underlying fundamentals appear strong. We highlight the biotech and […]
Former Private Equity Firm Partner Charged With Secretly Billing Clients for His Vacations and Salon Visits
(HedgeCo.Net) The Securities and Exchange Commission has charged Mohammed Ali Rashid, a former senior partner at Apollo Management L.P., with defrauding his fund clients by secretly billing them for approximately $290,000 in personal expenditures, including his family vacations, visits to […]
Mistrial in NY Corruption Case Against Union Chief, Hedge Fund Exec
(Reuters) A U.S. judge on Thursday ordered a mistrial in the corruption case against the former head of New York City’s correction officers’ union and a co-founder of the now-defunct hedge fund firm Platinum Partners, after jurors said they were […]
Bitcoin Exchange Wants to Be Digital Safe House for Hedge Funds
(Bloomberg) Coinbase, one of the most popular digital-coin exchanges for retail investors, has its eye on institutional cash looking for a way into cryptocurrencies.The San Francisco-based firm will sell what it bills as digital-coin custodial services for money managers like […]
SS&C GlobeOp: Hedge Fund Performance Index Up +0.86% In October
(FINalternatives) Hedge funds notched their fifth consecutive month of positive returns in October and their tenth of the year to date, according to SS&C GlobeOp, while net asset flows advanced. To read this article:
Hedge Fund Tries to Block UK Quant Fraudster’s Return to China
(Bloomberg) A London hedge fund analyst convicted of stealing millions of pounds worth of secret algorithmic trading strategies shouldn’t be allowed to be deported from the U.K. in case he sells the data to rival firms in China, lawyers for […]
DoubleLine’s Gundlach Attacks Break for Hedge Funds in Tax Plan
(Bloomberg) Jeffrey Gundlach, chief investment officer of DoubleLine Capital, said the congressional tax plan would expand the federal deficit and help a small fraction of the U.S. population, including hedge fund managers. To read this article:
World’s Biggest Wealth Fund Wants Out of Oil and Gas
(Bloomberg) The $1 trillion fund that Norway has amassed pumping oil and gas over the past two decades wants out of petroleum stocks…..The divestment would mark the second major step in scrubbing the world’s biggest wealth fund of climate risk, […]
Deadlocked Battle Between P&G and Activist Peltz About to Get More Vicious in the ‘Snake Pit’
(CNBC) Hedge-fund billionaire Nelson Peltz won a proxy vote recount for a board seat with Procter & Gamble after the company said the initial tally showed he lost. The fight is now likely headed to the so-called snake pit. To […]
Here are Goldman’s Top Trades for 2018
(Bloomberg) In 2018, Goldman Sachs Group Inc. is doubling down on the global economy. “Late-cycle optimism” is the chief theme underpinning the bank’s seven top trade theses, as outlined in a note Thursday by Francesco Garzarelli, co-head of global macro […]
Structural Growth Drivers Behind Emerging Market Economies
(Harvest) My colleagues and I have been championing the message that emerging markets have changed—they are no longer just commodity plays. Old economic models are undergoing a transformation in many cases, opening up exciting new investment opportunities. Here, Carlos Hardenberg, […]
China’s Slow Recovery from Debt Hangover Begins
(Harvest) The clarion calls on the Middle Kingdom’s growth in total debt are well founded. China’s corporate debt pile has leveled off this year at more than 160% of GDP, up from less than 100% of GDP shortly before the […]