Monthly Archives: November 2015
SEC Enforcement Director Assures CCOs They Need Not Fear SEC Action Absent Wrongdoing
(Hedge Fund Law Report) Are chief compliance officers (CCOs) of hedge fund managers and other SEC-registered entities unfairly targeted by the SEC for enforcement action? This question has been hotly debated in recent months, and a new voice added to […]
As Hot Stocks Like Valeant Tank, Hedge Funds Dump Health Care Stocks For IT
(Valuewalk.com) In an effort to stop the virtual bleeding and cauterize the wound, so to speak, hedge funds are repositioning their portfolios to dump the poorly performing Health Care stocks they had previously been favoring and grabbing up stocks in […]
Elliott Management Names Co-CEO as Part of Succession Plan
(Pension & Investments) Jonathan D. Pollock was named co-CEO of hedge fund manager Elliott Management, sharing the title with Paul E. Singer, the firm’s founder.Messrs. Pollock and Singer will continue to serve as the company’s co-chief investment officers, said a […]
A Hedge Fund Calls for $4 Billion Payout From Japan’s Kyocera
(Bloomberg) A Hong Kong hedge fund stepped up its pressure on Kyocera Corp., calling on the Japanese electronics maker to pay back more than $4 billion to investors. Kyocera should sell its 1.02 trillion yen ($8.3 billion) stake in phone […]
Hedge Fund Short Positions and Oil Prices in 2015
(Reuters) U.S. oil prices have cycled between $40 and $60 per barrel since the start of 2015 and the rise and fall has corresponded with the accumulation and liquidation of hedge fund short positions.There have been at least three cycles […]
Peltz’s activist fund Trian to end quarterly redemptions
(REUTERS) Trian Fund Management LP, the activist hedge fund run by billionaire investor Nelson Peltz, is ending quarterly redemptions by its new investors, according to people familiar with the matter, in order to lock in money for longer periods. The […]
Pure Alpha II Fund Up Almost 10% on the Year
New York (HedgeCo.net) – Bridgewater Associates’ Pure Alpha II fund has gained almost two percent in November and that has lifted the year to date return to 9.5 percent, this according to a report from Reuters. The fund is managed […]
Melvin Capital Turning in One of Top Performances for 2015
New York (HedgeCo.net) – While a number of well-known hedge funds have struggled throughout 2015, one fund that isn’t struggling is Melvin Capital. Through the end of October, the fund is up almost 40 percent according to a recent article […]
Hedge funds pile into Amazon, ditch eBay
(CNBC) The 10 largest U.S. hedge funds saw their equity holdings slip for the first time since the end of last year, with tech stocks leading the sell-off in the third quarter as investors tried to cope with heightened market […]
Hedge Funds Near-Eliminate their Net Long in Ags
(Agrimoney.com) Hedge funds all but wiped out their net long position in derivatives in the main agricultural commodities, led by selldowns in coffee, and in wheat, in which unexpectedly bearish positioning could set the scene for a price bounce. Managed […]
Hedge Funds Betting Against Aussie Risk Losses as Swings Subside
(Bloomberg) Hedge funds may have picked a bad time to add to bets against Australia’s dollar, this month’s best-performing major currency.Commodity Futures Trading Commission data showed large speculators increased positions wagering on Aussie declines by 83 percent in the space […]
Ackman’s Pershing Square Increases Valeant Stake to 9.9%
(Bloomberg) Bill Ackman’s fund raised its stake in Valeant Pharmaceuticals International Inc. to 9.9 percent in a series of transactions starting in October, underscoring the activist investor’s commitment to the embattled drugmaker.Pershing Square Capital Management’s various funds have now amassed […]