Monthly Archives: November 2015
Court Addresses Director’s Conflict Of Interest From Hedge Fund’s Short-term Investment Strategy
(Lexology.com) The Delaware Court of Chancery recently upheld a claim that a director who voted to approve a merger had a conflict of interest based on his affiliation with a hedge fund that allegedly was focused on short- term gains. […]
Hedge Funds to Investors: We’re Putting More Money at Risk, Too
(Bloomberg) Asian hedge-fund managers are putting more money into their funds, seeking to project confidence after the industry’s worst performance streak since the 2008 financial crisis spurred redemptions. Founders and employees of Asian firms including Greenwoods Asset Management, Doric Capital, […]
Hedge Funds End Run of Wrong-Way Gold Bets as Fed Sparks Decline
(Bloomberg) After two months of a lackluster track record in gold, hedge funds finally backed away from bullish bullion bets just before the Federal Reserve drove the biggest weekly price drop in two months. Money managers cut their net-long position […]
Hedge Fund Energy Clusters
(Harvest) To explore hedge fund energy clustering we analyze long energy sector portfolios of all hedge funds that are analyzable using regulatory filings. We then exclude funds with insignificant energy holdings. We use the AlphaBetaWorks Statistical Equity Risk Model, a […]
Assets in Hedge Funds Suffer Big Drop in Q3
New York (HedgeCo.net) – The latest report from hedge fund industry research firm HFR showed that the hedge fund industry experienced an outflow of $95 billion during the third quarter and that is the biggest outflow since the third quarter […]
Barron’s Jumps on the Bandwagon with Other Hedge Fund Critics
New York (HedgeCo.net) – The bandwagon of hedge fund critics gained another member over the weekend when Barron’s published an article that questioned the industry’s recent performance. In their defense, the first line of the article was, “One month does […]
Fall In Healthcare Blamed for Huge Dispersion Among Long/Short Hedge Funds
New York (HedgeCo.net) – The healthcare sector has been on a true roller coaster ride this year with the sector gaining almost 14 percent through the first six and a half months of the year, but then it fell over […]
Justice Department Investigating Possible HSBC Leak to Hedge Fund
WSJ – The U.S. Justice Department is investigating allegations that an employee of HSBC Holdings PLC leaked confidential client information to a major hedge fund, according to people familiar with the matter, a new twist in a cross-border government probe […]
FBI Files Say Hedge Fund Analyst Made Millions on Tips From Dell Insider
Bloomberg – The FBI files spell it out: An analyst at Citadel LLC, the hedge fund with $23 billion in capital invested globally, told agents he made millions of dollars trading on information from a company insider. It was December […]
SEC Adopts Rules to Improve Systems Compliance and Integrity
New York (HedgeCo.Net) – Given the heavy reliance on technology and automated systems in the securities markets today, the impact of technology failures can be significant. The SEC voted to adopt new rules designed to strengthen the technology infrastructure of […]
Wedbush Securities To Pay $2.44 Million Penalty For Market Access Violations
New York (HedgeCo.Net) – LA broker-dealer Wedbush Securities agreed to settle a pending SEC case for market access violations by admitting wrongdoing, paying a $2.44 million penalty, and retaining an independent consultant, Reuters reports. The SEC’s order finds that Wedbush […]
Aviva Announces Plan to End Hedge-Fund Business
Bloomberg – Aviva Plc (AV/), Britain’s second-biggest insurer, said its investment arm plans to exit hedge-fund businesses as it scales back in the U.S. “We are working with our affiliates and the underlying hedge-fund managers on an orderly transition plan,” […]