Monthly Archives: November 2016
U.S. banks gird for Brexit-style tumult following Tuesday’s election
(NBC News) U.S. banks, including Morgan Stanley, JPMorgan Chase & Co and Goldman Sachs Group Inc, are bracing for potential tumult on financial markets in the wake of Tuesday’s U.S. election…. To read this article:
Investors Aren’t Ready to Dump Their Trump-Upset Hedges
(Bloomberg) Some of the biggest investors are holding tight to their hedges against market swings…Millennium Global Investments Ltd. is sticking to its view that the Republican candidate still has a 35 percent chance of winning the vote Tuesday. Old Mutual […]
SEC: Investment Adviser Fraudulently Overbilled Clients, Stole Assets for Personal Expenses
(HedgeCo.Net) The Securities and Exchange Commission today charged a Los-Angeles based investment advisory firm and its owner with fraudulently overbilling clients and stealing assets from their trusts to pay such personal expenses as his home mortgage, overseas trips, and leases […]
Ex-Goldman Trader’s Hedge Fund Gets Backers as Startups Struggle
(Bloomberg) Vivian Lau, who once co-headed a multi-billion dollar internal hedge fund at Goldman Sachs Group Inc., has attracted backing for her own firm even as many fledgling managers struggle to raise money…. To read this article:
Alternatives Hiring Hits Record in Third Quarter
(FinAlternatives) Hiring trends within the alternative investment industry remained robust in the third quarter despite redemption pressures and market headwinds, according to the latest research from executive search specialist Context Jensen Partners. To read this article:
Ackman, Chipotle talks intensify with confidentiality agreement
(CNBC) Billionaire investor William Ackman and Chipotle Mexican Grill have signed an agreement to engage in confidential discussions…in a sign that the activist may be able to force change at the burrito chain without a costly and drawn-out proxy contest. […]
Martin Coward’s Quant Fund dormouse Gains +1.01% in October
(FinAlternatives) Dr. Martin Coward’s quantitative investment manager dormouse booked another positive month in October, gaining 1.01% for the period and putting the fund up 15.73% for the year to date. To read this article:
Franklin Templeton introduces liquid alternative strategies fund to Canadian investors
(Opalesque) Franklin Templeton Investments Corp. has introduced Franklin K2 Alternative Strategies Fund to accredited retail investors in Canada. Previously available only to institutional investors in Canada, this multi-manager, liquid alternative strategy provides access to top-tier hedge fund managers with strong […]
Hedge Fund ‘Casino’ Fees Shunned by $19 Billion Pension Fund
(Bloomberg) The British Broadcasting Corp.’s $19 billion pension trust is cutting allocations to hedge funds as it seeks to reduce spending on fees for money mangers. “We’re not terribly enthusiastic about the idea of paying a manager two and twenty […]
Folger Hill Teams Up With Schonfeld for Asia Push
(Bloomberg) Folger Hill Asset Management, started by former SAC Capital Advisors’ Chief Operating Officer Sol Kumin, has attracted money from Steven Schonfeld’s investment firm to expand its fledgling Asia business. Investors including Schonfeld Strategic Advisors and Leucadia National Corp. have […]
Hedge funds extend bullish ag spree to longest in two years
(Agrimoney) Hedge funds extended their buying streak in agricultural commodities to the longest in two years, led by appetite for the soy complex – which more than offset the biggest sell-down in sugar in nine months. Managed money, a proxy […]
George Soros’ Stock Picks Got Whupped By His Son’s
(Insider Monkey) Jonathan Soros, the son of legendary investor (and divisive political figure George Soros) also manages investor money through a hedge fund, dubbed JS Capital. … The younger Soros’ fund delivered excellent returns with its long positions. Out of […]