Monthly Archives: November 2017
Best Performing Hedge Funds Invest in China
(Bloomberg) Hedge funds investing in China are the best performers this year, returning 28 percent through the end of October, according to data provider Hedge Fund Research Inc. Funds investing in other emerging markets also shone: Those with an India […]
European Banks Are Poaching From US Rivals, With 30% Pay Hikes
(Bloomberg) European investment banks are back in the hiring game, raising the stakes for compensation on both sides of the Atlantic. Firms including Barclays Plc and Deutsche Bank AG have been seeking to regain trading share by poaching personnel from […]
China Electric Car Startup Nio Raises Over $1bn From Tencent, Others
(Reuters) Chinese electric vehicle startup Nio has raised more than $1 billion in its latest fundraising round, led by existing investor Tencent Holdings Ltd, valuing the firm at about $5 billion, two people with knowledge of the matter said. New […]
JPMorgan Judge Upends $1.1m Whistle-Blower Verdict
(Bloomberg) It took Jennifer Sharkey more than eight years to get a trial over her dismissal from JPMorgan Chase & Co. A Manhattan jury needed only five hours to find the former wealth manager was fired illegally and award her […]
CIC, Goldman Establish China-US Industrial Cooperation Fund
(The Business Insider) China Investment Corp (CIC) and Goldman Sachs have signed a strategic agreement to establish a China and United States industrial cooperation fund on the sidelines of a state visit to Beijing by U.S. President Trump….CIC and Goldman’s […]
Hedge Funds Are Having Their Best Year Since 2013
(Bloomberg) Hedge funds are headed for their best year since 2013 thanks to a gravity-defying stock market. Improving performance may go some way to assuaging criticism for fees that are hard to justify with mediocre returns, even though on average […]
San Francisco Fund Manager Sentenced to 2 1/2 Years for Fraud Conspiracy
(FINalternatives) San Francisco hedge fund manager Nicholas Mitsakos has been sentenced to 2 1/2 years in prison by a New York district court judge after pleading guilty in May to one count of conspiracy to commit securities and wire fraud. […]
Sky Investor Crispin Odey Says He Now Opposes Fox Takeover
(Reuters) Veteran hedge fund manager Crispin Odey now opposes Twenty-First Century Fox’s (FOXA.O) 11.7 billion pound ($15.4 billion) bid to take control of British pay-TV broadcaster Sky (SKYB.L) in a move that could raise further doubts about the deal. Odey, […]
Quant Fund dormouse Down -2.11% In October
(FINalternatives) Dr. Martin Coward’s quantitative investment manager dormouse slipped in October despite generally strong returns posted by the broad CTA space during the period. To read this article:
SocGen Investigated Over Possible French Anti-Corruption Law Breach
(CNBC) The French National Financial Prosecutor requested documents on Societe Generale’s ties with the Libyan Investment Authority…Libya’s sovereign wealth fund had presented allegations that trades were secured as part of a “fraudulent and corrupt scheme” involving the payment of $58.5 […]
SEC Warns Investors About Paid-to-Click Scams Agency Obtains Court Order to Stop “Ad Packs” Ponzi Scheme
(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 […]
How Reinsurers Help Hedge Funds Shelter Taxes
(Bloomberg) An ongoing series of stories from a project known as the Paradise Papers details how multinational corporations and hedge funds can keep more of their money by shifting profits to low-tax jurisdictions. Many hedge funds do this by setting […]