Monthly Archives: November 2017
Bill Ackman on ADP: I Lost the Vote, But I Also Won
(The Business Insider) Bill Ackman’s Pershing Square lost its bid Tuesday to appoint three nominees to the board of Automatic Data Processing, the human-resources company. But according to Ackman, he also won…. To read this article:
Trump Backer Mercer Was Reportedly Pushed Out of Secretive Hedge Fund’s Leadership By The Founder
(CNBC) Renaissance Technologies founder Jim Simons urged Robert Mercer to step down as co-chief executive because of concerns about Mercer’s backing of Breitbart News, Bloomberg News reports. Simons was concerned that Mercer’s backing of the right-wing website was hurting morale […]
Trickle Up Innovation
(Harvest) There is one major difference between the commercial use of drones and the ivory towers of LP land: the JOBS Act. Passed in 2012, it repealed the ban on general solicitation for hedge funds and private equity firms. Five […]
Don’t Overlook These 6 Hybrid Cloud Concerns
(FINalternatives) Cloud-based technology solutions have made tremendous inroads into the alternative investment management industry, and as they have matured, the nuances between private and public cloud products and service offerings have meshed to include a hybrid option. However, writes Eze […]
Top House Tax Writer Kevin Brady: Effectively Closing the Loophole for Hedge Funds
(CNBC) House Ways and Means Committee Chairman Kevin Brady told CNBC that he plans to add on Monday an increase to the holding period on carried interest contained in the Republican tax bill, effectively closing a loophole that’s been exploited […]
SEC Charges Biotech Company, Executives With Accounting Fraud
(HedgeCo.Net) The Securities and Exchange Commission today charged a Maryland-based biotech company and four former top executives with prioritizing revenue growth over lawful accounting and misleading investors in the process. The SEC alleges that Osiris Therapeutics routinely overstated company performance […]
Emerging-Market Hedge Funds Are Having to Turn New Clients Away
(Bloomberg) Cheap money may have buoyed emerging-market macro hedge funds toward their ninth straight annual advance, but that doesn’t mean investors are expecting an exodus as the world’s central bankers start turning off the taps. Demand for these funds remains […]
Hedge Funds Go All-In on Oil
(Reuters) Hedge funds have built record or near-record bullish positions in almost all parts of the petroleum complex anticipating that prices will keep rising. Hedge funds and other money managers had amassed a net bullish position in crude and refined […]
Billionaire Hedge-Fund Manager Bill Ackman: We Should Have Bet Against Retail
(CNBC) Billionaire hedge-fund manager Bill Ackman says he should have bet against the retail sector. “I see [that] retailers have to adapt,” says Ackman, founder and CEO of Pershing Square Capital Management. To read this article:
One of the Hottest Hedge Fund Launches of the Year Has Doubled Its Assets in About 6 Months
(The Business Insider) Hedge fund Light Sky Macro launched earlier this year with the backing of Steve Cohen, Dan Loeb and a number of other hedge fund managers.The fund had a rough start but is now in positive territory. To […]
Leucadia Adds $100m to Folger Hill Bet as Hedge Fund Stabilizes
(Reuters) Leucadia National Corp has doubled down on hedge fund firm Folger Hill Asset Management LP with a new approximately $100 million investment, according to a person familiar with the situation. The recent cash infusion by Leucadia, the parent company […]
Union, Hedge Fund Trades Blows Over Puerto Rico Oversight Board
(Reuters) A hedge fund’s Constitutional challenge to the creation of the federal board overseeing Puerto Rico’s finances is a ploy to protect investments in the insolvent island’s debt, a union for government workers said in court papers filed on Friday. […]